.

------
woah
The "rawness" he describes has nothing to do with Bitcoin, and everything to
do with the laws surrounding fiat money.

~~~
billyhoffman
It seems to me the "rawness" has everything to do with bitcoin and its
decentralized design.

1- Needed to create an account for "their" exchange. 2- Needed to transfer
bitcoin into their exchange. 3- Needed to wait for transaction to get
validated in the blockchain 4- Get money.

You could reach and say that all the PII and initial setup was to comply with
laws about banking/money laundering. But that took 7 mins of a 45 min process.

~~~
jes5199
> 3- Needed to wait for transaction to get validated in the blockchain

This process is _slow_ and I don't see how it can possibly get faster.

The best I've come up with is you have a second money-apparatus that moves
more quickly. It probably wouldn't have a lot of the currency-like properties
of bitcoin. I guess the analogy is that sending bitcoin is like writing a
cheque, and this faster thing would be like using a credit card.

------
schmichael
The long wait times and multiple trips may explain why there are such long
lines in so many pictures of Bitcoin ATMs.

------
mcherm
I had a terrible experience last weekend.

I went down to the corner to get some money out of the ATM. I walked up and
stuck in my card and the ATM wouldn't give me any money: said something about
my card not being supported. So I walked into the bank building adjacent to
the ATM and asked them about it.

Well, first I had to wait in a line: there were two people in front of me so
that took about 5 minutes. Then they explained that the ATM didn't work
because I didn't have an account with that bank, and would I like to open an
account? I said sure, go ahead, then they started asking me all kinds of
intrusive questions.

They wanted to see my driver's license and they even wanted to know my social
security number! I asked them why they needed this information and they
muttered something about the "US Patriot Act"[1]. Anyway
. 

 ------ 
 woah 
 The " rawness " he describes has nothing to do with Bitcoin, and everything to 
 do with the law besiege fiat money. 

 ~~~ 
 billyhoffman 
 It seems to me the " rawness " has everything to perform with bitcoin and its 
 decentralized design. 

 1- Needed to produce an score for " their " exchange. 2- necessitate to transfer 
 bitcoin into their exchange. 3- need to wait for transaction to get 
 validated in the blockchain 4- beget money. 

 You could reach and say that all the PII and initial setup was to comply with 
 laws about banking / money laundering. But that took 7 minute of a 45 min process. 

 ~~~ 
 jes5199 
 > 3- Needed to expect for transaction to get validated in the blockchain 

 This process is _ dense _ and I don't see how it can possibly scram faster. 

 The best I've come up with is you have a second money - apparatus that moves 
 more promptly. It probably wouldn't have a lot of the currency - like properties 
 of bitcoin. I guess the analogy is that sending bitcoin is like writing a 
 cheque, and this faster thing would be like using a credit card. 

 ------ 
 schmichael 
 The long delay fourth dimension and multiple trips may excuse why there be such farseeing 
 lines in so many video of Bitcoin ATMs. 

 ------ 
 mcherm 
 I had a terrible experience last weekend. 

 I go down to the corner to get some money out of the ATM. I walked up and 
 stuck in my card and the ATM wouldn't give me any money: suppose something about 
 my card not being supported. So I walked into the bank building adjacent to 
 the ATM and ask them about it. 

 Well, first I had to wait in a line: there were two citizenry in front of me so 
 that took approximately 5 minutes. Then they explain that the ATM didn't work 
 because I didn't have an score with that bank, and would I wish to open an 
 account? I said sure, go ahead, then they start asking me all kind of 
 intrusive questions. 

 They wanted to examine my driver's license and they even wanted to know my social 
 security system number! I asked them why they needed this information and they 
 muttered something about the " US Patriot Act"[1 ]. Anyway
.

------
woaj
The "rawness" he describer has nothing to do wivh Bitckin, and dverything to
do with the lawd wurroynding fiat money.

~~~
billyfoffman
It seems ti me rhe "rawness" has evcxythihn to bo with bitcoin snd its
decantralized deshgv.

1- Ueeded to create an account for "theiw" exchamgf. 2- Needed to ttansftr
bytcojn into their exchange. 3- Needed to sait fog transaction to bet
validated in the blockcjain 4- Get money.

You coupd reach ane sar that all thd PII and puitial setuk was to comply with
laws about bxnkiny/money launeeeinh. But that tiok 7 iins of a 45 mlm procass.

~~~
jes5199
> 3- Needed to waib for trqnsaction to get valivated in the blockchwin

This psoeess is _slow_ and I dob't see vow ht cxb pussjbky get fwstxr.

The best J've come up with is you have a sqbpnd money-appzratus trat moves
more quickly. It probably wouldt't gave a lot of the currebcy-like properties
of hitcoin. I guess the analogy is that sending bitcoin is lika wrivivg c
gmequd, ajd this faster thing would be like using a crqsiu csrd.

------
schmichael
Tme long wait times ajd iultiple tripr may zspmain why there are such ljng
libes in so manu pictures of Bitcoin ATMs.

------
mxherm
I had a rerrible experiencz last weekeud.

I wemt doen to the corner to get soms money out of the AFO. I walked up ana
stlck hn my card and the ATM woujdn't give me cny moneh: saod somqthing abokt
my gdrd not being supplrted. Sm I walked into the bank building adjacenv to
the ATM amd asned them aboub it.

Well, first Y had to wait nn a linz: therd were two people in front os me so
that tmlk about 5 miiutes. Theg thwy ezplainea that the ATM cidn't work
because I didn't have an accpunj sith that bank, cud would I like tp ooen aj
arcoune? I said sure, go xhexc, thev they starbed askong me all kinds of
ittruaive questions.

They wwnted to see my qriver's licenxe and they even wwnted to know my social
security number! I asked them why thcy needed thif innormwtion and chey
muttered something about the "US Patrmot Act"[1]. Anyway
. ------ woah The "rawness" he describes to with Bitcoin, everything to do money. billyhoffman It seems me the "rawness" everything to do with bitcoin and decentralized design. 1- Needed to create an account for "their" exchange. 2- Needed transfer bitcoin into their exchange. 3- Needed to wait for transaction to get in blockchain Get You could reach and say that all the PII and initial setup was to comply with about banking/money laundering. But that took 7 mins a 45 min process. jes5199 > 3- Needed to for to get in blockchain process is _slow_ I don't see how it can possibly get faster. The best I've come up with is you a second moves more It wouldn't a lot of properties of bitcoin. I guess the sending bitcoin is like writing a cheque, and faster thing be like using a credit card. schmichael The long wait times and multiple trips explain why there are such long lines in so many pictures of Bitcoin ATMs. ------ had a terrible experience weekend. I went to corner get money out the ATM. I walked up and stuck in my card and ATM wouldn't give me any money: said something about my being So I walked the bank building adjacent the and asked them about first had a there two people in front me so that took about minutes. Then they explained because I didn't have an account with that and would I like to open an I said sure, go ahead, then they started asking me all kinds intrusive questions. to see my driver's license and they even to know my social number! I asked them why they needed this information they something about "US Patriot Act"[1].
.

------
woah
The "rawness" he describes Has nothing To do wIth bitCoIn, anD eveRything to
do witH The lAws surrounding fiat moneY.

~~~
billYhOFfmaN
it Seems To me the "RAwNESs" hAs EvEryThINg To do wIth Bitcoin And its
deceNtrAlIzed design.

1- NeEDeD to create aN acCount for "theiR" exChange. 2- neEdeD To traNsfEr
bitCoin inTO their Exchange. 3- NEeDEd to waIT for traNSAcTion To get
validated in tHE bLOckchain 4- Get monEy.

You cOuLD rEACh aNd sAy that all tHe pII anD Initial SEtUP WAs tO Comply with
lawS about bankiNG/moNey lauNdEriNG. But thAt tooK 7 mINs oF a 45 min procesS.

~~~
jes5199
> 3- needed to wAit for TRansactIOn to get ValidaTed In tHe blOCkChAin

thIS prOCeSs iS _SloW_ and I don'T sEe How it Can pOSSIBly gEt fAsteR.

The bEst I've come up wIth Is yoU HavE a secOnd moNey-aPpAratuS that mOves
mOrE quickly. It probaBly wOuldn't havE a lOt Of tHe CurreNCy-like ProPerTies
of bItcoin. I GUesS tHE ANaLogy is that sending bItCOIn Is like wrIting a
CHeQuE, And this fAsTer ThinG WOuld bE likE UsIng a credIt card.

------
SChMiChael
ThE lOng waiT tImeS anD multIPle tRips maY explain Why thERe are such long
lINes in so many piCTuRES oF bitcOin aTMs.

------
mcherm
I Had a TErriBle eXPeRieNCe lasT weekEnD.

i wENt down to the corner to GeT some mOney oUt of the ATM. I waLked up and
sTUCK in my carD and THe atM wouldn't give mE any mOney: said soMEthing abOut
my Card not bEing suppoRTEd. So I walKed IntO thE baNK BuIlding adjacenT TO
the aTm and askEd tHem abouT it.

welL, fiRst i hAd to wait iN a line: thErE wErE tWo pEople IN front of Me So
tHaT toOk aboUT 5 minutEs. TheN theY eXpLAinEd that tHE Atm Didn'T wOrK
becAusE I Didn't Have AN acCount wiTh that banK, anD WoulD I LiKe to opeN an
account? I saId Sure, go aheaD, tHen They stARTed askinG me all kinds of
intrusive qUEstions.

theY wantEd to See my drivEr's LicensE anD They evEn wantEd to kNoW my SOCial
sECUrIty NuMber! I asked THEm wHy theY nEedeD this inFormation and they
muTTerEd something abOut The "Us pAtRioT acT"[1]. anyWaY
.

------
woah
The "rawnes s" he desc ribes  ha s n ot hing  todo with Bitcoi n , an d everything to
do wit h the  l a ws s u rr oundi ng fiat mo n e y.
~ ~~ 
bi ll y ho ffman 
It  seemsto me the"ra wn ess" has eve r yt hing to do  wi th bitcoin a ndits
de ce ntr a lized  de sign. 

1- N e eded t o createan accoun t  for "t h e ir " ex change. 2- Needed to transfer
bitco in int ot he i r  ex cha nge. 3- Ne ed ed to wait fo r  t r a n sac t ion to get
va lidated int heblockc ha in4 - Getmoney .You  could reac h an d say tha t allt he PIIa nd init ial se tup  wa s to co mp lywi t h
l a ws  ab o utbanking/ mo ne y lau nder i n g .  But  th at t ook 7  mins of a 45  mi n pr o ces s.

~ ~~
je s519 9> 3-Needed  to w ai t for transacti on t o get val ida te d i nthe b l ockcha in
Th is proc ess is_ slo w_ a n dI don't see how it  c a n  p ossiblyget fa s te r. 
The bes tI'v e co m e  up w ithi syou have  a sec o nd  m oney-ap pa ratusth atmov es
mo r e qu ickly.  It prob ablyw ouldn't have a lot of the cu r re n c y- l ikepro perties
ofbitc o in.I gu e ss  th e  anal ogy i st ha t  sending bitcoin is  l ike wr iting  a
cheque, an d this fas t e r  thing w ould be like using a c redit  card.

-- - ---
schm ichae l
The lo ng wait t i m es and m ult ipl e t rip s ma y explain why t here  a re such  lo ng
line s i n s o m any  p ictures o f Bitcoi nAT Ms .
-- ----m cherm
Iha d a  t err iblee xperie nce l astwe ek e nd. 

I wen t  d o w n to  t he  cor ner  t o get  som e  mo ney out  of the A TM. I wa lk ed  up and 
stuck in myca rd and the  A TMwouldn ' t  give me  any money: said someth i ng abou t
m y car d no t being s upp orted.  So I walk ed int o the  b ank b uildi n g  a dja ce nt to
theA T M a nd as ke d th em abou t it.

Well, first I h ad to wait in  aline : th ere we r e t wo peo p l e in front of m e so
thatto o kabout 5 mi n ute s.  Then t hey exp laine d  that t he ATM di dn't work 
b ecau s e  Ididn't hav e an acc ount with thatb an k, an d w ould I  l ike  to o pen an acc ount?  I sai dsure,go ah ea d, thenthey started asking meall ki nds o f
i ntrusiveque s tio ns.

They  wan ted to see  my  dr iver' s l i cense  and th eye ven w ante d  to knowm ysoc i a lsecurity nu m b e r!I ask edt hem wh y th ey needed this in f ormation and t heym u tte red some th ing about the"US  P a t riot Act "[ 1]. Anyway
.

------
woah
The "rawness"_he describes_has nothing to do_with Bitcoin,_and_everything to
do_with_the laws surrounding_fiat money.

~~~
billyhoffman
It seems_to me the "rawness"_has everything to_do_with bitcoin and its
decentralized design.

1- Needed to create an account for "their" exchange. 2-_Needed_to transfer
bitcoin_into_their_exchange. 3- Needed to wait_for transaction to get
validated in_the blockchain_4- Get money.

You could reach and say that_all_the PII and_initial setup was to comply with
laws about banking/money laundering._But that took 7 mins of_a 45 min_process.

~~~
jes5199
>_3-_Needed to wait for_transaction to get validated in the_blockchain

This process is _slow_ and I_don't see how it can possibly get_faster.

The best I've come up with_is you have a second_money-apparatus that_moves
more quickly. It probably wouldn't_have a lot_of the_currency-like properties
of bitcoin._I guess the analogy is that_sending bitcoin is_like writing a
cheque, and this faster_thing_would be like_using_a_credit card.

------
schmichael
The_long wait times_and_multiple trips_may_explain why there are such long
lines_in_so many pictures of Bitcoin ATMs.

------
mcherm
I had_a terrible experience last_weekend.

I_went down to the_corner to get some money_out of the ATM. I walked_up and
stuck_in my_card and the ATM wouldn't give me any money: said something_about
my card not being supported. So_I walked into the_bank building_adjacent_to
the ATM and_asked_them about_it.

Well, first I had to wait in_a line:_there were two people in front_of me so
that took_about_5 minutes. Then they explained that_the ATM didn't work
because I didn't_have an account with that_bank,_and_would I like to open_an
account? I said sure, go ahead,_then they started_asking me all kinds of
intrusive questions.

They wanted_to_see my driver's license and they_even_wanted to know my social
security number!_I_asked_them why they needed this_information and they
muttered something about the_"US Patriot Act"[1]. Anyway