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It can be used for a wide variety of applications including surveillance, dvr recording and time lapse photography.

It is highly configurable and can be extended with the use of macro scripts.

but wherever regulation forces exchanges to serve the state and crony-banking system from which bitcoin offers escape.

Late in February, a Reddit thread on Coinbase erupted.

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“we will require you to take a photo of yourself with your webcam”…no law or regulation requires this. Coinbase’s accelerated ID verification is part of its commitment to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws – two incredibly invasive measures that destroy financial privacy.

A Reddit poster with an existing Coinbase account wrote; I’ve had an account for three months and all of a sudden when I went to but [sic] more Bitcoin I was taken to a page to verify my identity again. This time they made me use my webcam and it took me eight tries because they kept saying it was too blurry.

After we came to the decision to install a webcam at Hotel La Darsena, we tried to find a webcam with a high picture quality to honor the great view we have at Lake Como.

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The freshly-licensed Coinbase is a bellwether of what to expect from centralized bitcoin exchanges. No wonder decentralized exchanges, like Localbitcoins, are breaking their own volume records on a weekly basis. But for the cautious and the informed, they are a return to the privacy and financial freedom that made bitcoin a beacon.

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