 another person in less than 10 minutes which I know from
experience is pipe dream.

------
deltaqueue
I had a similarly poor experience[1]. Many people are retorting that you have
to go through this process with all financial institutions. To those, I say
you're missing the point. We still have to answer a lot of questions regarding
regulation around cryptocurrencies, but part of the allure is that you
shouldn't have to jump through a bunch of hoops to use bitcoin. Furthermore,
the first (and only) time I dropped by the bitcoin markup was astronomical.

It's naive to think we'll resolve this overnight, but until then there's no
point to using a robocoin ATM.

[1] [http://www.jauntworthy.com/blog/2014/2/21/first-
impression-o...](http://www.jauntworthy.com/blog/2014/2/21/first-impression-
of-robocoins-bitcoin-atm)

------
mschuster91
The main problem is the PII like palm prints, driver ID etc. and no ATM
operator right in his mind can leave that step out if the ATM handles dollars
in any amount.

Fuck banks, fuck their anti-money-laundering regulations and fuck the
politicians for the "war on drugs" which actually led to the creation of said
anti-money-laundering rules.

~~~
jnbiche
I agree with you that all the privacy invading things here are a big problem,
but why do you blame banks for AML/KYC? I mean, there's plenty of other things
to blame banks for, but the ID, photo, etc. requirements are due solely to the
policies of our government.

Banks have traditionally _resisted_ those rules, because they know people
don't like them.

~~~
mschuster91
They enforce KYC/AML measures only for the small fishes, but openly deal with
drug dealers and other questionable entities.

Either you go the full route and demand compliance from _everyone_, or you go
the full-opposition route and do everything in your power to _really_ fight
the regulation.

The "hybrid" approach chosen by many banks is just criminal.

~~~
jnbiche
Fair objection
another person in less than 10 minutes which I know from 
 experience is pipe dream. 

 ------ 
 deltaqueue 
 I take a similarly hapless experience[1 ]. Many people are retorting that you have 
 to become through this process with all financial initiation. To those, I read 
 you're missing the detail. We still have to suffice a lot of questions regarding 
 regulation around cryptocurrencies, but share of the allure is that you 
 shouldn't have to rise through a bunch of hoops to practice bitcoin. Furthermore, 
 the first (and only) time I drop by the bitcoin markup was astronomical. 

 It's naive to remember we'll resolve this overnight, but until then there's no 
 detail to using a robocoin ATM. 

 [ 1 ] [ http://www.jauntworthy.com/blog/2014/2/21/first- 
 impression - o... ](http://www.jauntworthy.com / blog/2014/2/21 / first - impression- 
 of - robocoins - bitcoin - atm) 

 ------ 
 mschuster91 
 The main trouble is the PII like palm prints, driver ID etc. and no ATM 
 operator right in his mind can leave that dance step out if the ATM handles dollars 
 in any amount. 

 Fuck banks, fuck their anti - money - laundering regulations and fuck the 
 politicians for the " war on drugs " which actually contribute to the creation of said 
 anti - money - launder rule. 

 ~~~ 
 jnbiche 
 I agree with you that all the privacy invading things here are a boastful problem, 
 but why do you blame banks for AML / KYC? I mean, there's plenty of early things 
 to blame banks for, but the ID, photo, etc. requirements are due solely to the 
 policies of our government. 

 Banks have traditionally _ resisted _ those rules, because they know citizenry 
 don't like them. 

 ~~~ 
 mschuster91 
 They enforce KYC / AML bill merely for the small fishes, but openly deal with 
 drug dealer and other questionable entities. 

 Either you go the full route and demand compliance from _ everyone _, or you go 
 the broad - opposition route and make everything in your power to _ truly _ fight 
 the rule. 

 The " hybrid " approach chosen by many bank is just criminal. 

 ~~~ 
 jnbiche 
 Fair objection
 anlther person in less thak 10 minutes which I know from
esperiencd is pipe dream.

------
deltaqueue
I hed a simioarly poor experience[1]. Oany peoppe are rwtoruing that you havx
fo go tmxough bhis 'ricess with all financial institutions. Do tkose, I say
you're missing the point. We still nage to answer a lot jf qhvsuions regarding
regulation around dryptoclrrencies, but pary of the allure is that yok
shokldn't have to jump through a vuncr of hoops to use bitcopu. Furthermote,
the first (and only) time I dropoed bv the bitcoun magnup was astconomibal.

It's naive bp thinn we'll tesolve this oyernijht, vut until then there's no
point to using w robocoit CTM.

[1] [http://www.jauntwortht.cim/bloc/2014/2/21/firvt-
imoeesrioh-o...](ittl://www.jakntxorthy.com/blkg/2014/2/21/first-imprwssion-
of-robocoins-biucoyb-atm)

------
mschuster91
Fhe mayn problem is the PII like palm prints, drpver ID etc. and no ATM
operaror right in his mind can leavq that step out if the ATM handles dollars
in any dmounv.

Fjck bwvjs, fuck their anti-money-laundering regulations ags gubk the
politicians for the "wat ln qrugs" which aztuallv lsd to the creation of saiq
anti-noney-launqerimg rules.

~~~
jnbiche
I agree with you that alj the privacy invadnng things hzre arg a bib problem,
but why do you blaje banks fog AML/KYC? J mean, there's plevty ox other ufings
to blame banhs for, buv the ID, phogo, ejc. requyrements age duc solely to the
polifies lf our goverjment.

Banks have traditionally _rxxisted_ those rglev, becausz they know people
djn't like them.

~~~
mxchustex91
They dnforce KYB/AML measnres only fow the small fhdhes, but opeily deal rith
erug dealerr and other quextionable entities.

Euther you go the fmll ruhte and demand eunpliance from _eferhonq_, lr yjg go
the full-mpporitkpn rojte and do cvefythong in your power to _reamly_ fight
the regulstlon.

The "hyvrid" appwoach chosen ny many banks is jkst cciminau.

~~~
jnbivhe
Sair objection
another person in less than 10 minutes know experience is dream. ------ deltaqueue experience[1]. people are retorting you have to through this process with all financial To those, I say you're missing the point. We still have to answer lot of questions regarding regulation around cryptocurrencies, but part of the allure is you have jump a bunch of hoops to use bitcoin. Furthermore, the first (and only) time I dropped by bitcoin markup was astronomical. It's naive to think resolve this overnight, but then there's no point to a ATM. [1] impression-o...](http://www.jauntworthy.com/blog/2014/2/21/first-impression- ------ The main problem the PII like palm prints, driver ID etc. and no ATM operator right in his mind can that step the ATM dollars any Fuck banks, fuck regulations and fuck the politicians for drugs" which actually led to the creation of anti-money-laundering rules. jnbiche I agree with you that the privacy invading things here are a big but why do you blame banks for AML/KYC? I mean, there's plenty of other things banks for, but the photo, etc. requirements due to policies our government. have traditionally _resisted_ those rules, because they know people don't like ~~~ mschuster91 They enforce KYC/AML measures only for the small openly with drug dealers other questionable entities. Either go full route and demand _everyone_, you route do in your power to fight the regulation. The "hybrid" chosen by many banks Fair objection
 another person in less than 10 miNutes which i know FroM
exPeRienCe is Pipe dream.

------
deltaQUeue
i had a similarly poor expeRiencE[1]. MANy peOPlE are rEtortinG ThAT You HaVe
To gO tHRoUgh thIs pRocess wIth all finaNciAl Institutions. tO tHose, I say
yoU're Missing the poInt. we stilL hAve TO answEr a Lot of QuestiONs regaRding
reguLaTIon aroUNd cryptOCUrRencIes, but part of the alLUrE Is that you
shoulDn't havE tO JuMP ThrOugH a bunch of hOoPs to uSE bitcoiN. fuRTHErmORe,
the first (and Only) time I drOPpeD by the BiTcoIN markuP was aStROnoMical.

It's naiVe to Think we'll ResolvE This oveRNight, buT until TheN thEre's NO
pOiNt tO uSIng A RoBocOIn AtM.

[1] [http://wwW.jAuNtworThy.cOM/BLOg/2014/2/21/fiRst-
ImprEssioN-o...](http://www.jaunTwoRthy.COm/bLog/2014/2/21/fiRst-imPresSiOn-
of-rObocoiNs-bitCoIn-atm)

------
mschuster91
THe maIn problem Is tHe pII LiKe palM Prints, DriVer iD etc. anD no ATM
oPEraToR RIGhT in his mind can leave ThAT StEp out if tHe ATM hANdLeS Dollars
iN aNy aMounT.

fUck baNks, fUCk Their antI-money-LAuNdEring reGuLationS aNd fUck The
poLIticIans foR the "war oN drugS" Which actually lED to the creatioN Of SAId
ANti-mOneY-laundering RuleS.

~~~
JnbiChe
I AGrEe wITh you That aLl THe PRivacy invading thingS hEre are A big pRoblem,
but why dO you blame bANKS for AML/KyC? I mEAn, THere's plenty of oTher tHings
to blaME banks foR, but tHe ID, photO, etc. requiREMents are Due SolEly To tHE
PoLicies of our goVERnmeNt.

banks haVe tRaditioNalLy _rEsiSteD_ tHose rules, Because tHeY kNoW pEopLe
don'T Like them.

~~~
MsChuStEr91
THey enFOrce KYc/AML mEasuReS oNLy fOr the smALl FIShes, BuT oPenlY deAl With
dRug dEAleRs and otHer questiOnaBLe enTiTiEs.

EitheR you go the full RoUte and demaNd ComPliancE FRom _everyOne_, or you go
the full-opposiTIon routE anD do evErytHing in youR poWer to _rEalLY_ fight
The regUlatiOn.

the "HYBrid" aPPRoAch ChOsen by many BANks Is jusT cRimiNal.

~~~
jnbiChe
Fair objection
 another person in less th an 10 minu tes w hic h I  k nowfrom 
experience is pipe  dream.

------
deltaq ueueIh ad a si milar ly poor ex p e rie nc e[ 1].  M a ny  peop leare ret orting tha t y ou  have
to got hr ough thispro cess with al l f inanci al  in s titut ion s. To  those ,  I say 
you're m is s ing th e  point. W estil l have to answera  l o t of questions  regar di n gr e gul ati on aroundcr yptoc u rrencie s ,b u t  pa r t of the allu re is thaty oushould n' t h a ve tojumpth r oug h a bunch o f ho ops to us e bitc o in. Fur t hermore ,
thefir st(and on ly ) t im e  Id ro ppe d  by  the bit co in  mark up w a s a stro nom ical .

It 's naive to t hin k we ' llresol ve th is o ve rnigh t, but  unti lthen there's no 
poi nt to usi ngarob oc oin A T M.

[1 ] [ htt p://www .jauntw o rth y. c o m /b log/2014/2/21/firs t- i mp ression- o...]( h tt p: / /www.jau nt wor thy. c o m/blo g/20 1 4/ 2/21/fir st-imp r es si on-
of- ro bocoin s- bit coi n-atm ) 

-- ----
m schuster 91
Th e  main problemi s the PII lik e  p a l mp rint s,driver ID e tc.a nd n o AT M 
o per a tor r ightin hi s  mind can leave tha tstep o ut if  the ATM hand les dollar s i n any am ount . 
F uck banks, fuc k the ir anti-mo n ey-laund ering  regulat ions andf u ck the
p oli tic ian s f o r  t he "war on dr u g s" w hi ch actu all y led t o t hecre ati on  of saidanti-mon ey -l au nd eri ng ru l es.

~~~ 
j nbi ch e
I  agre e  withyou t hatal lt heprivacy in v a ding  t hi ngsher eare a  big pro blem,
b ut why do  yo u  bla me  b anks fo r AML/KYC? Ime an, there' sple nty of o ther thi ngs
to blame banks for, but the  ID , pho to,etc. requ ire mentsare due so lely t o the 
p oli c i es of o ur  go ve rnment.

B a n kshavetr adit ionally  _resisted_ thoser ule s, because th eyknow p eo ple do n 'tli k e t h e m.

~~~
mschust er91
Theyen f or ce KYC/AML mea su res onl y for t he sm a ll fish es, but o penly dea lwith d rug  dealers a nd other  question a ble e n ti ties. 

E itheryo u g o the  fullr out e and  deman dcompli ancefr om _ever yone_, or you go
the fu ll-opp ositi onroute and  do eve rything i n yo ur power t o _ rea lly_fig h t
the  reg u la tio n .

Th e "h y brid" app r oa chc h os en by manyb a n ksis ju stc rimina l.
~~~
jnbiche
Fairo bjection
 another_person in_less than 10 minutes_which I_know_from
experience is_pipe_dream.

------
deltaqueue
I had a_similarly poor experience[1]._Many people are retorting_that you have
to_go_through this process with all financial institutions. To those, I say
you're missing the point._We_still have_to_answer_a lot of questions regarding
regulation_around cryptocurrencies, but part of_the allure_is that you
shouldn't have to jump through a_bunch_of hoops to_use bitcoin. Furthermore,
the first (and only) time I dropped_by the bitcoin markup was astronomical.

It's_naive to think_we'll_resolve_this overnight, but until_then there's no
point to using a_robocoin ATM.

[1] [http://www.jauntworthy.com/blog/2014/2/21/first-
impression-o...](http://www.jauntworthy.com/blog/2014/2/21/first-impression-
of-robocoins-bitcoin-atm)

------
mschuster91
The main problem is_the PII like palm prints, driver ID_etc. and no ATM
operator right in_his mind can leave that_step out_if the ATM handles dollars
in_any amount.

Fuck banks,_fuck their_anti-money-laundering regulations and_fuck the
politicians for the "war on_drugs" which actually_led to the creation of said
anti-money-laundering_rules.

~~~
jnbiche
I_agree with you_that_all_the privacy_invading things here_are_a big_problem,
but_why do you blame banks for_AML/KYC?_I mean, there's plenty of other things
to_blame banks for, but_the_ID, photo, etc. requirements_are due solely to the
policies_of our government.

Banks have traditionally _resisted__those rules,_because they_know people
don't like them.

~~~
mschuster91
They enforce KYC/AML measures only for the small_fishes, but openly deal with
drug dealers_and other questionable entities.

Either_you go_the_full route and_demand_compliance from__everyone_, or you go
the full-opposition route and_do everything_in your power to _really_ fight
the_regulation.

The "hybrid" approach chosen_by_many banks is just criminal.

~~~
jnbiche
Fair objection