Topic: World’s first Bitcoin ATM sees 81 exchanges, $10,000 in transactions (Read 4341 times)
November 07, 2013, 01:46:48 AM
I saw the screenshots for the administrator s/ware tool for the ATM had a digital photo of the user next to the palm scan so it is a little more complicated than you might think .... it would be good for them to come out and say what their policies are for minining that personal (financial) data and/or regular destruction ... since they only need it for 24 hours is the claim.
November 06, 2013, 08:10:04 AM
Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
IIRC they weren't required to, but they did it for security down the line.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
The palm scans are not stored with any personal info, they are just checked in the machine to ensure that the same person does not exchange more than $3000 per day.
And what's the point of no allowing more than $3000 a day? Is it to ensure that someone insn't taking advantage somehow? I know in Canada, Bitcoins do not quality under the Money Laundering Act & Terrorist Financing so there isn't really a need to limit the amount of money transferred as it does not have to be reported to FINTRAC (Canada's regulated entity to deal with the Proceeds of Crime and Terrorist Financing Act).
They could do like other companies in Canada and use Cellphone numbers to regulate instead. Other companies require you to enter a legit cellphone number from a Canadian carrier only (No burners allowed) and will only allow certain number of transactions. Yes, if you have multiple numbers you can do the limit many times, but if you really wanted to you could pay randoms $5 (or $5 in drugs - lots of homeless in Vancouver) to use their hands to do more transactions.
I'm not a big fan of any biometrics related stuff.
November 06, 2013, 12:45:00 AM
Well I hope they don't make a hand-print registry that said I may use it if it comes near our city if the price spikes XD
3% or not volatility is bigger on some days XD
3% or not volatility is bigger on some days XD
Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
IIRC they weren't required to, but they did it for security down the line.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
The palm scans are not stored with any personal info, they are just checked in the machine to ensure that the same person does not exchange more than $3000 per day.
it would be nice if we could see the code and that if it flushes the biometric memory every 24hrs or when the entry is 24hrs old
November 05, 2013, 01:32:33 AM
Are there any publicly available stats on how much turnover the Vancouver ATM is doing...?
Not that I know of the best you can do is infer from the amount of bitcoins traded on cavirtex and determine that the amount is less than that total lol
November 04, 2013, 04:26:15 PM
Are there any publicly available stats on how much turnover the Vancouver ATM is doing...?
November 03, 2013, 09:25:11 PM
Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
IIRC they weren't required to, but they did it for security down the line.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
Will be interested to see where they put it in Calgary, haven't had a Calgary Bitcoins meetup in a while
November 03, 2013, 05:04:35 PM
C'mon let's not rain on robocoin's parade by letting this thread denigrate into yet another ripple smackdown. 
There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form):
It has no elevator pitch.
And probably can never have one due to its inherent complexity.
There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form):
It has no elevator pitch.
And probably can never have one due to its inherent complexity.
Elevator pitches aren't for explaining the details. They are for grabbing someone's attention if you happen to get lucky and be in an elevator with them for 10 seconds.
...
Yup. That's exactly why ripple can never succeed in its current form. No ripple employee (or fanboy) to date has been able to succinctly explain what it is.
programmers != vcs
November 03, 2013, 04:14:41 PM
Street cash from Welly Wednesday on the DTES safely tucked away. lol
They can't use banks.
Locals would know what I'm sayin
They can't use banks.
Locals would know what I'm sayin
November 03, 2013, 03:54:17 PM
Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
IIRC they weren't required to, but they did it for security down the line.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
The palm scans are not stored with any personal info, they are just checked in the machine to ensure that the same person does not exchange more than $3000 per day.
Ahh yes, forgot that part. Thank you.
November 03, 2013, 03:30:00 PM
Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
IIRC they weren't required to, but they did it for security down the line.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
The palm scans are not stored with any personal info, they are just checked in the machine to ensure that the same person does not exchange more than $3000 per day.
November 03, 2013, 01:05:43 PM
Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
IIRC they weren't required to, but they did it for security down the line.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
November 03, 2013, 12:43:53 PM
C'mon let's not rain on robocoin's parade by letting this thread denigrate into yet another ripple smackdown.
There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form):
It has no elevator pitch.
And probably can never have one due to its inherent complexity.
There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form):
It has no elevator pitch.
And probably can never have one due to its inherent complexity.
Elevator pitches aren't for explaining the details. They are for grabbing someone's attention if you happen to get lucky and be in an elevator with them for 10 seconds.
Quote
Bitcion can allow you to beat WU on fees and speed for international money transmission.
Quote
Bitcoin can not be seized to bail out bankers who made bad decisions.
etc.
If your hook grabs them, let them lead with their questions.
November 03, 2013, 12:34:19 PM
One of the comments in the forbes article brought up a very good point. Put these ATMs in or near international airports for quick and easy transfer to national currency.
This x21000000
November 03, 2013, 12:16:04 PM
who cares? who needs? 
Apparently someone does - with almost $40,000 transacted in two days!
November 03, 2013, 12:04:08 PM
who cares? who needs?
November 03, 2013, 11:45:22 AM
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
November 03, 2013, 11:09:42 AM
C'mon let's not rain on robocoin's parade by letting this thread denigrate into yet another ripple smackdown.
There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form):
It has no elevator pitch.
And probably can never have one due to its inherent complexity.
There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form):
It has no elevator pitch.
And probably can never have one due to its inherent complexity.
November 03, 2013, 02:48:21 AM
Well I hope they don't make a hand-print registry that said I may use it if it comes near our city if the price spikes XD
3% or not volatility is bigger on some days XD
3% or not volatility is bigger on some days XD
November 02, 2013, 10:25:17 PM
The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.
Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html
I am comparing BTC traded on Ripple, not Ripple's internal currency as well.
http://bitcoincharts.com/markets/rippleUSD.html
Fair enough. Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month. I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.
There is a difference; bitcoin opened the gates for digital currency. A stronger one with better features already has bitcoin users as (in theory) captive audience. Bitcoin started from scratch, ripple growth can feed off bitcoin's hardcore adopters looking for the best digital currency out of the plethora being released (which would be competition for ripple as well though)
November 02, 2013, 09:10:51 PM
The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.
Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html
I am comparing BTC traded on Ripple, not Ripple's internal currency as well.
http://bitcoincharts.com/markets/rippleUSD.html
Fair enough. Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month. I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.
Correct me if I am wrong, but isn't he comparing a brand new interface (ATM) with a beta that has been open-source fro 1 month, in that he is comparing how many BTC were traded using each platform?
Unless Ripple can roll out their "endpoints" fast (faster than ATMs roll out), they will lose to the ATM, which can effectively do the same thing - provide a means for people to get money into and out of the system.
That's true, but remember Bitcoin has its own inherent weaknesses such as needing 6 confirmations to clear - up to 1 hour needed. Ripple could just as easily be bundled into these ATMs and offer the same services. Business owners are often technology-agnostic - whatever is convenient and makes money will be evaluated. If all it takes is 1 more button and a separate sub-screen, I wouldn't rule it out.
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