First Bitcoin ATM • Hacker News Board

Re: First Bitcoin ATM

#31

Post by Jare » Mon, Oct 28, 2013, 1:57 AM UTC

blackysky wrote: post #25

wcummings wrote: post #22

Earlier quoted context omitted.

node.js is sexier when it doesn't serve stacktraces in production. Plus async files reads still happen in an internal threadpool (one thread per core, hardcoded, IIRC) so it's pretty easy to saturate that anyway, you should be caching static assets.

you are right but I'll still use async over sync anytime... :)

You will often prefer to use sync for one-time loads or for debugging.

Re: First Bitcoin ATM

#32

Post by pera » Mon, Oct 28, 2013, 2:15 AM UTC

lukerohde wrote: post #6

pedalpete wrote: post #2

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

Not to mention that that is associated with a government ID and a photo. Why not just use a bank account...?

As betterunix said, Bitcoin is not anonymous (http://bitcoin.org/en/you-need-to-know). It's like BitTorrent: many peers know your IP address and authorities can trace you with some help of your ISP, though you can use Bitcoin through Tor, but then the problem is how you obtain BTCs and how you spend them... anonymity is not trivial :) About your question: I'd many bad experiences with banks (probably I'm not alone), and payment processor (ie PayPal) are problematic too. I like Bitcoin because is in my point of view most secure and easiest way to transfer money, and also the technology behind it is brilliant.

Re: First Bitcoin ATM

#33

Post by Gregordinary » Mon, Oct 28, 2013, 2:46 AM UTC

In January or February a group in New Hampshire showed off a Bitcoin ATM for US Dollars, though I don't think it was ready for full scale production. http://news.cnet.com/8301-13578_3-57570925-38/need-bitcoins-...

Looks like they've since updated and now have one that accepts notes from over 200 countries: https://lamassu.is/

Re: First Bitcoin ATM

#34

Post by wcummings » Mon, Oct 28, 2013, 2:57 AM UTC

Jare wrote: post #30

wcummings wrote: post #22

Earlier quoted context omitted.

node.js is sexier when it doesn't serve stacktraces in production. Plus async files reads still happen in an internal threadpool (one thread per core, hardcoded, IIRC) so it's pretty easy to saturate that anyway, you should be caching static assets.

The express framework activates the view cache by default when configured for production, so both problems are actually the same.

I suspect it's not configured for prod, since I'm seeing a stacktrace

Re: First Bitcoin ATM

#35

Post by james4k » Mon, Oct 28, 2013, 4:11 AM UTC

hristov wrote: post #15

dobbsbob wrote: post #9

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.

Wait, are you saying that there are now street bitcoin traders? This reminds of communist times when the government limited foreign currency trading. There was a specific coffee house where you could go and illicitly trade foreign currency.

I can't help but think on how that reflects on current government.

Re: First Bitcoin ATM

#36

Post by whalesalad » Mon, Oct 28, 2013, 4:53 AM UTC

Just got this error when hitting the site. I guess node isn't the end-all-be-all magic bullet for scalability everyone thinks it is?

    Error: EMFILE, too many open files '/home/ubuntu/robocoin/robocoin-website/views/index.html'
        at Object.fs.openSync (fs.js:427:18)
        at fs.readFileSync (fs.js:284:15)
        at View.exports.renderFile [as engine] (/home/ubuntu/robocoin/robocoin-website/node_modules/ejs/lib/ejs.js:312:9)
        at View.render (/home/ubuntu/robocoin/robocoin-website/node_modules/express/lib/view.js:75:8)
        at Function.app.render (/home/ubuntu/robocoin/robocoin-website/node_modules/express/lib/application.js:504:10)
        at ServerResponse.res.render (/home/ubuntu/robocoin/robocoin-website/node_modules/express/lib/response.js:753:7)
        at exports.index (/home/ubuntu/robocoin/robocoin-website/routes/index.js:8:9)
        at callbacks (/home/ubuntu/robocoin/robocoin-website/node_modules/express/lib/router/index.js:161:37)
        at param (/home/ubuntu/robocoin/robocoin-website/node_modules/express/lib/router/index.js:135:11)
        at pass (/home/ubuntu/robocoin/robocoin-website/node_modules/express/lib/router/index.js:142:5)

Re: First Bitcoin ATM

#37

Post by tux » Mon, Oct 28, 2013, 5:09 AM UTC

All I see is > The connection was interrupted. Just like real ATM ^_^

Re: First Bitcoin ATM

#38

Post by ken47 » Mon, Oct 28, 2013, 5:19 AM UTC

As the popularity of bitcoin continues to grow, I think bitcoin owners will appreciate the degree of liquidity this offers. The bitcoin ecosystem needs something like this.

Re: First Bitcoin ATM

#39

Post by crindy » Mon, Oct 28, 2013, 5:43 AM UTC

whalesalad wrote: post #36

Just got this error when hitting the site. I guess node isn't the end-all-be-all magic bullet for scalability everyone thinks it is? Error: EMFILE, too many open files '/home/ubuntu/robocoin/robocoin-website/views/index.html' at Object.fs.openSync (fs.js:427:18) at fs.readFileSync (fs.js:284:15) at View.exports.renderFile [as engine] (/home/ubuntu/robocoin/robocoin-website/node_modules/ejs/lib/ejs.js:312:9) at View.r…

Acting like this site is proof that node doesn't scale is just plain silly.

Re: First Bitcoin ATM

#40

Post by cbhl » Mon, Oct 28, 2013, 6:18 AM UTC

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.

"FINTRAC told LibertyBit in an email that it was not considered a Money Service Business, which would require registering with FINTRAC. The agency told LibertyBit that since the transfer of funds is a corollary of its actual service of trading virtual currency, it need not register."

tl;dr: Less regulatory burden in Canada.

(Source: http://www.pcworld.com/article/2039347/canadian-regulator-ta...)