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by joshstrange
4479 days ago
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> The fact that this device wanted to establish and verify my identity seemed unnecessary to me and counter to what I think are bitcoin's strongest qualities. They don't collect that data because they want to, they collect it because they are forced to by the US government. This is a similar process that you would have to go through to open a bank account at any US bank. You make it seem like "It took over 45 minutes" but this was your first withdraw, subsequent withdraws would only require the ~10 minutes to confirm your deposit of BTC into the robocoin wallet. 10 minutes to (reliably) convert BTC to cash is unheard of. As I said in another comment, the only faster method would be to use Local Bitcoins (The people running the ATM you used) but I doubt you could finish one of those transactions in less than 20 or even 30 minutes. |
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