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First Bitcoin ATM

robocoinkiosk.com

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Re: First Bitcoin ATM

#3

Post by typicalrunt »

While I'm happy to see the world's first anything happen in my hometown of Vancouver, I do question why Vancouver was chosen over San Fran, Portland or New York. Those cities seem more fit for World's First. Even if its a Canadian market they are targeting, Toronto is our financial centre and would make a better choice for this currency.

Re: First Bitcoin ATM

#5

Post by querulous »

typicalrunt wrote: post #3

While I'm happy to see the world's first anything happen in my hometown of Vancouver, I do question why Vancouver was chosen over San Fran, Portland or New York. Those cities seem more fit for World's First. Even if its a Canadian market they are targeting, Toronto is our financial centre and would make a better choice for this currency.

I think it's as simple as their first (operational) customer happens to be based in Vancouver.

Re: First Bitcoin ATM

#7

Post by paulgb »

pedalpete wrote: post #2

Why is this machine always asking for the users fingerprints? Doesn't that break the anonymity of bitcoin?

My understanding is that it's to comply with money-laundering laws. They limit the size of the transaction per-day and per-person.

I haven't bought bitcoins (online or through an ATM), but it seems any purchase of bitcoins from any electronic money transfer would have the same issue of breaking anonymity. I suppose there are ways to anonymize the funds once you have them.

Re: First Bitcoin ATM

#8

Post by csomar »

pedalpete wrote: post #2

Why is this machine always asking for the users fingerprints? Doesn't that break the anonymity of bitcoin?

I think they are trying to avoid fraud. Since they seem to be limiting to amount you can withdraw, they probably need some way to authenticate you.

Re: First Bitcoin ATM

#9

Post by dobbsbob »

I live a block away from this machine and won't be using it because of nonsense biometric data harvesting. Why do I need to scan my ID, picture and fingerprints to trade a small amount of bitcoins? I will continue to use the Russian guy who hangs out at a Robson St cafe and doesn't want my biometric data.
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