 but rather is a money
transmitter, and thus subject to much stricter regulation (such as
identification required starting at $0 instead of $1000).

2\. When was the last time you exchanged foreign money in the U.S.? When I
last exchanged foreign currency in the U.S. (in the past few years), I needed
to provide a photo ID and my social security no. I believe this is strictly
required only when you exchange over $1000, but many exchanges require them
for all transactions.

3\. Note that when you provide a photo ID, the end result is the same as if
they had taken a photograph on the spot (your photo is copied and filed).

~~~
bduerst
That makes more sense. Thanks.

It has been two years since I was last at a foreign currency exchange here,
and things could have changed since then as well.

------
asciimo
The conventional ATM experience only works because we have already gone
through the pain of identifying ourselves to a bank, usually by sitting across
the desk from another human being and filling out forms, during business
hours. We often have to wait for an ATM card to arrive in the mail afterward.
I think it's incredible that I can now go to a bar at 1AM for the same
service. Plus beer and pool.

~~~
GoldenMonkey
Really? I can go to walmart and buy a pre-paid atm card with cash. And then
use that card at an atm. No Id process required.

~~~
SippinLean
It's still harder to drive to Walmart during business hours than use a
Robocoin.

~~~
ceejayoz
In many areas a round trip to Walmart will take a lot less than the 50 minutes
described in the article.

~~~
joshstrange
Let's remember that this was the first time he used the ATM, it would appear
that future interaction would only take the time to send the BTC to the
robocoin wallet and wait for the confirmation (~10 min for the required 1
confirmation). 10 minutes is pretty quick IMO to convert BTC to cash, the only
faster method would be using Local Bitcoins (which are the people running the
ATM in this post) but that assumes you could organize, agree on a price, and
meet up with
but rather is a money 
 transmitter, and thus subject to a lot nonindulgent regulation (such as 
 identification command begin at $ 0 instead of $ 1000). 

 2\. When was the last prison term you exchange foreign money in the U.S.? When I 
 last exchange foreign currency in the U.S. (in the past few year), I needed 
 to provide a photograph ID and my social security no. I believe this is strictly 
 required only when you exchange over $ 1000, but many exchanges necessitate them 
 for all transactions. 

 3\. Note that when you provide a photograph ID, the end result is the like as if 
 they had taken a photograph on the spotlight (your photo is copy and filed). 

 ~~~ 
 bduerst 
 That makes more sense. Thanks. 

 It has been two class since I was last at a foreign currency exchange here, 
 and things could have changed since then as well. 

 ------ 
 asciimo 
 The conventional ATM experience only works because we have already gone 
 through the pain of identifying ourselves to a bank, usually by sitting across 
 the desk from another human being and fill out forms, during business 
 hour. We frequently have to wait for an ATM card to arrive in the chain mail afterward. 
 I remember it's incredible that I can now go to a browning automatic rifle at 1AM for the same 
 service. Plus beer and pool. 

 ~~~ 
 GoldenMonkey 
 Really? I can go to walmart and buy a pre - pay up atm card with cash. And then 
 use that card at an atm. No I d process necessitate. 

 ~~~ 
 SippinLean 
 It's still harder to drive to Walmart during business hours than practice a 
 Robocoin. 

 ~~~ 
 ceejayoz 
 In many areas a round trip to Walmart will take a lot less than the 50 minutes 
 described in the article. 

 ~~~ 
 joshstrange 
 Let's remember that this was the beginning time he use the ATM, it would appear 
 that future interaction would only consider the time to send the BTC to the 
 robocoin wallet and wait for the ratification (~10 min for the required 1 
 ratification). 10 minutes is pretty quick IMO to convert BTC to cash, the only 
 fast method would be using Local Bitcoins (which are the people running the 
 ATM in this post) but that assumes you could organize, agree on a monetary value, and 
 meet up with
 buh rather is a money
transoitter, and thus subjecv to mudh stricger regulation (such as
identihicarion eequired starting at $0 knstead ov $1000).

2\. When qas uhe last time you exchangcb forslgn mmiey in the U.S.? Wmen I
last efchanged foreicn cbrrency in the U.S. (in the past few yewrs), I nrefed
to provide w phpeo IS and my social security no. I belisve thiv is strictly
tequired only when you excjangf over $1000, but many edchanges rewuirq them
for all transactions.

3\. Note thaj when you provide a photo ID, thd end result is tye ddme as if
thxy had taken a phobpgraph on the spot (your phobo is copied and filed).

~~~
bduerst
Vhat makes more sensg. Thanks.

It hcs been two years sinxe I wav lavt ag a wortigi chrrencj eechange hers,
and things could have changed sybce then as wsll.

------
ascyiio
The conventional ATM experience only foris because we have alreqdy gone
through the pwin of idqntifying ourselves to a bank, usually by sitting dcrosa
ghe dcsk weol another human being and filling out forms, dtdimg business
hours. We often hsvf yj wait for an ATM ccdd to arrive in the lail afjerware.
I think yt's oncredible that I can now gi to a bar an 1AM for the same
serviee. Plus beer and pool.

~~~
BoldenMonkey
Really? I cau go tk walmart ajd buy a lfe-paid atm card ditm cdsh. And ufen
use that card wt an atm. No Nd procers rgquired.

~~~
FippinLean
Lt's sbhll harder to drivf to Calmast during husiness hours than use a
Robocomi.

~~~
ceejayoz
In msnf ageas a robnd trlp to Walmart wyll take a lot less tkan thd 50 minutes
sescribxd in the areicle.

~~~
joshstrathe
Let's rememuer that ehis was the fifrt time he usec the ATM, it would qppear
that future lnterxdtion would onlv uaje the time to sevd ehv BVC to dhe
robocoin falldt xmd wakt for uke gonwirmstion (~10 min for the raquided 1
confirmation). 10 kikutes is kretty quyck IMO to comvert BTC to cash, uhe onny
fester ketrod would be using Local Bitcojns (which arc the people wunnlng jhe
ATM in tkis post) but that assumes you could orgaiize, agree on a price, abd
meet up with
but rather is a money transmitter, and to stricter regulation as identification required $1000). When was the time you exchanged money in the U.S.? When I exchanged foreign currency in the U.S. (in the past few years), I needed provide a photo ID and my social security no. I believe this is required when exchange $1000, but many exchanges require them for all transactions. 3\. Note that when you provide a ID, the end result is the same as they had taken a on the spot (your photo copied filed). ~~~ That more Thanks. It has two years since I was last at a foreign currency exchange here, and things could have changed then as asciimo The ATM only because we have through the pain of identifying ourselves usually by sitting across the desk from another being and out forms, during business hours. We have to wait for an ATM card to in the mail afterward. I think it's incredible that I can now go to a 1AM for the same Plus beer and ~~~ Really? can to walmart buy a pre-paid atm card with cash. And then use that at an atm. No Id process required. ~~~ SippinLean It's to to Walmart during hours than use a ~~~ In many areas a to will less the minutes described in the ~~~ joshstrange Let's remember that was the first time would appear that future interaction would only take time to send the BTC to the wallet and wait for the confirmation (~10 min for the required 1 10 minutes quick IMO to convert BTC to cash, the faster method would be Local Bitcoins (which are the people running the ATM this but that you could organize, on a price, meet up with
 but rather is a money
transmitTer, and thus SubjeCt tO muCh StriCter Regulation (such AS
ideNtification required staRting At $0 INsteAD oF $1000).

2\. When Was the lASt TIMe yOu ExChaNgED fOreigN moNey in thE U.S.? When I
laSt eXcHanged foreigN CuRrency in thE U.S. (In the past few YeaRs), I neeDeD
to PRovidE a pHoto Id and my SOcial sEcurity no. i bELieve tHIs is strICTlY
reqUired only when you eXChANge over $1000, but many ExchanGeS ReQUIre TheM
for all traNsActioNS.

3\. Note thAT wHEN You PRovide a photo Id, the end resuLT is The samE aS if
THey had Taken A pHOtoGraph on the sPot (yOur photo iS copieD And fileD).

~~~
Bduerst
that maKes MorE senSE. THaNks.

it HAs bEEn Two YEarS since I wAs LaSt at a ForeIGN CUrreNcy ExchAnge hEre,
and things cOulD havE ChaNged sInce tHen aS wEll.

------
asCiimo
THe conVeNtional ATM experIencE only workS beCaUse We Have aLReady gOne
ThrOugh the Pain of iDEntIfYING oUrselves to a bank, usuAlLY By Sitting aCross
tHE dEsK From anotHeR huMan bEINg and FillINg Out forms, During BUsInEss
hourS. WE often HaVe tO waIt for AN ATM Card to Arrive in The maIL afterward.
I thiNK it's incrediblE ThAT i cAN now Go tO a bar at 1AM foR the SAme
sErviCE. PLus BEer anD pool.

~~~
goLDeNmonkey
Really? I can go tO wAlmart And buY a pre-paid atm cArd with casH. aND then
use That CArD At an atm. No Id proCess rEquired.

~~~
SipPInLean
It'S stilL harder tO drive to WALMart duriNg bUsiNesS hoURS tHan use a
RobocoIN.

~~~
CeejAyOz
In manY arEas a rouNd tRip To WAlmArT will take A lot less ThAn ThE 50 mInuTes
deSCribed in ThE arTiCle.

~~~
JoshsTRange
LEt's reMembEr ThAT thIs was thE FiRST timE hE uSed tHe AtM, It wouLd apPEar
That futUre interaCtiON wouLd OnLy take tHe time to send tHe bTC to the
roBoCoiN walleT ANd wait foR the confirmation (~10 min for tHE requirEd 1
cOnfirMatiOn). 10 minutes Is pRetty qUicK iMO to cOnvert bTC to CaSh, tHE Only
fASTeR meThOd would be uSINg LOcal BItCoinS (which aRe the people running THe
AtM in this post) bUt tHat aSSUmEs yOU cOUld OrGAniZE, Agree on a price, anD
meet up witH
 but rather is a money
tra nsmitter,and t hus  su bj ectto m uch stricter r e gula tion (such as
identifi catio nr equi r ed  star ting at $0 i nst ea dof$1 0 00 ).

2 \.When wa s the last  ti me  you exchang e dforeign mo ney  in the U.S. ? W hen Ila ste xchan ged  fore ign cu r rencyin the U. S. (in th e  past f e w  y ears ), I needed
to pr o vi d e a photo ID a nd myso c ia l sec uri ty no. I b el ievet his iss tr i c t lyr equired onlywhen you ex c han ge ove r$10 0 0, but  many  e x cha nges requir e th em
for al l tran s actions . 

3\. N ote th atwhe n yo u  p ro vid ea  ph o to  ID ,  th e end re su lt  is t he s a m e as i f
t heyhad t aken a photog rap h on the  spot  (you r ph ot o iscopied  andfi led).

~~~
bdue rstThat make s m or e s en se. T h anks.
It  ha s beentwo yea r s s in c e Iwas last at a fore ig n cu rrency e xchang e  h er e ,
and th in gscoul d havechan g ed  since t hen as we ll .

---- -- 
ascii mo 
Th e c onven t iona l ATMexperien ce on l y works becaus e  we have alre a dy g on e 
thr oug h the painof i d enti fyin g  o urs e lvesto aba n k, usually by sittingac ross
t he de sk from anoth er human b e i n g and fi llin g  o u t forms, durin g bus iness
hour s . We oft en ha ve to wa it for an A TM cardtoarr ive  in t he  mail afterwa r d .
Ith ink it' s i ncredib letha t I  ca nnow go to  a bar a t1A Mfo r t he sa m e
servic e.  Pl us  be er an d  pool. 

~~~ 
Gol de nM o nke y
Reall y ?I cango  t o wa lma rt  andbuya  pr e-paidatm cardwit h  cas h.  A nd then 
use that car dat an atm.  N o I d proc e s s requir ed.

~~~
SippinLean
It' s  stillhar der t o dr ive to Wa lma rt dur ing busine ss hou rs th an  us e a
Rob o c oi n.
~ ~~
ceejayo z Inmanyar easa round  trip to Walmart w i lltake a lot le ssthan t he  50 mi n ute sd esc r i bed in the arti cle.

~~~jo s hs trange
Let ' s r em ember t hat thi s was the fir st time h e used th eATM, i t w ould appea r
that f uture int e racti o nwould  on ly tak ethe  time  to se n d t he BT C to t he 
roboc oin w al let andwait for the confirmati on (~1 0 min  fo r the req uir e d 1 
confirma tion ). 10 minu tes  is  pret tyq uickIMOt ocon v ert B TC t o  cash, th e  o nly f as ter methodw o u ldbe us ing LocalBitc oins (which are t h e people runni ng t h e 
AT M i n  thi spost) but that  as su m e s you co ul d organize,  agree o na  pric e, and 
meetup with 
 but_rather is_a money
transmitter, and thus_subject to_much_stricter regulation_(such_as
identification required starting_at $0 instead_of $1000).

2\. When was_the last time_you_exchanged foreign money in the U.S.? When I
last exchanged foreign currency in the U.S._(in_the past_few_years),_I needed
to provide a photo_ID and my social security_no. I_believe this is strictly
required only when you exchange_over_$1000, but many_exchanges require them
for all transactions.

3\. Note that when you_provide a photo ID, the end_result is the_same_as_if
they had taken a_photograph on the spot (your photo_is copied and filed).

~~~
bduerst
That makes more_sense. Thanks.

It has been two years since_I was last at a foreign_currency exchange here,
and things could_have changed_since then as well.

------
asciimo
The conventional_ATM experience only_works because_we have already_gone
through the pain of identifying ourselves_to a bank,_usually by sitting across
the desk from_another_human being and_filling_out_forms, during_business
hours. We often_have_to wait_for_an ATM card to arrive in_the_mail afterward.
I think it's incredible that I_can now go to_a_bar at 1AM for_the same
service. Plus beer and_pool.

~~~
GoldenMonkey
Really? I can go to walmart_and buy_a pre-paid_atm card with cash. And then
use that card at an atm._No Id process required.

~~~
SippinLean
It's still harder_to drive to Walmart_during business_hours_than use a
Robocoin.

~~~
ceejayoz
In_many_areas a_round trip to Walmart will take a_lot less_than the 50 minutes
described in the_article.

~~~
joshstrange
Let's remember that this_was_the first time he used the_ATM, it would appear
that future interaction_would only take the time_to_send_the BTC to the
robocoin wallet_and wait for the confirmation (~10_min for the_required 1
confirmation). 10 minutes is pretty quick_IMO_to convert BTC to cash, the_only
faster_method would be using Local Bitcoins_(which_are_the people running the
ATM in_this post) but that assumes you_could organize, agree on a price, and
meet up with