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I think this is like the second or third "first" ATM, though.
[1] http://blog.archive.org/2013/03/05/bitcoin-to-cash-converter...
[2] http://blog.archive.org/2013/04/03/how-the-internet-archive-...
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.
Why is this machine always asking for the users fingerprints? Doesn't that break the anonymity of bitcoin?
"If enabled, the Palm Vein Scanner can limit a user's daily transaction amount by taking a unique, anonymous (no fingerprints) infrared picture of a customer's blood vessels to assist in AML compliance."
I think this is like the second or third "first" ATM, though.
Yup. For example, the Internet Archive in SF launched what they call a bitcoin ATM back in March. [1] [2] [1] http://blog.archive.org/2013/03/05/bitcoin-to-cash-converter... [2] http://blog.archive.org/2013/04/03/how-the-internet-archive-...
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.
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.
And if I don't want the anonymity premium these guys make it sound like it's difficult to do instant trades... Meanwhile I've got Coinbase on Instant Trade up to 10 BTC per day, and other exchanges have similar options (if you choose to verify with ID/Bank Info/etc).
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.
Why is this machine always asking for the users fingerprints? Doesn't that break the anonymity of bitcoin?
Idiots.......
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