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Stories from October 15, 2014
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1.The Great Robocoin Rip-off: How We Lost $25,000 Buying a Robocoin ATM (docs.google.com)
575 points by metalab on Oct 15, 2014 | 128 comments
2.Skunk Works Reveals Compact Fusion Reactor Details (aviationweek.com)
560 points by geophile on Oct 15, 2014 | 352 comments
3.Nexus 9 (google.com)
478 points by agumonkey on Oct 15, 2014 | 158 comments
4.Docker and Microsoft partner to drive adoption of distributed applications (docker.com)
445 points by julien421 on Oct 15, 2014 | 263 comments
5.Nexus Player (google.com)
369 points by gulbrandr on Oct 15, 2014 | 241 comments
6.Android 5.0 Lollipop (googleblog.blogspot.com)
356 points by koesie10 on Oct 15, 2014 | 112 comments
7.Quora Keeps the World's Knowledge for Itself (konklone.com)
305 points by luu on Oct 15, 2014 | 123 comments
8.Passwordless authentication: Secure, simple, and fast to deploy (hacks.mozilla.org)
279 points by bpierre on Oct 15, 2014 | 116 comments
9.Launch of the 3rd Edition of the Ruby on Rails Tutorial Book (railstutorial.org)
254 points by mhartl on Oct 15, 2014 | 65 comments
10.HBO is finally going to let you watch its shows without cable (theverge.com)
221 points by Deinos on Oct 15, 2014 | 88 comments
11.Nearly Every USGS Topo Map For Free (outdoors.org)
203 points by wyclif on Oct 15, 2014 | 69 comments
12.After California decriminalized pot, teen arrest, overdose, dropout rates fell (washingtonpost.com)
212 points by adventured on Oct 15, 2014 | 118 comments
13.At the Far Ends of a New Universal Law (simonsfoundation.org)
183 points by digital55 on Oct 15, 2014 | 15 comments
14.Cryptic genetic variation in software: hunting a buffered 41-year-old bug (cryptogenomicon.wordpress.com)
175 points by mineo on Oct 15, 2014 | 47 comments
15.Open-source HIPAA compliance company policies (catalyzeio.github.io)
172 points by ryanSrich on Oct 15, 2014 | 31 comments
16.How POODLE Happened (dfranke.us)
162 points by dfranke on Oct 15, 2014 | 7 comments
17.What Developing Acute Schizophrenia Feels Like (vice.com)
158 points by shill on Oct 15, 2014 | 73 comments
18.Feminist video-games talk pulled after massacre threat (bbc.com)
149 points by InternetGiant on Oct 15, 2014 | 323 comments
19.Wit.ai (YC W14) raises $3M seed round from Andreessen Horowitz (wit.ai)
149 points by ar7hur on Oct 15, 2014 | 28 comments
20.Rustful – A RESTful web framework for Rust (github.com/ogeon)
140 points by aethertap on Oct 15, 2014 | 30 comments

Here is more on the tech, including a drawing: http://aviationweek.com/technology/skunk-works-reveals-compa...
22.Is Apple experiencing a problematic decline in software quality? (tuaw.com)
132 points by MilkoFTW on Oct 15, 2014 | 94 comments
23.OpenSSL Security Advisory (openssl.org)
147 points by laumars on Oct 15, 2014 | 14 comments
24.Apple Accidentally reveals iPad Air 2 and iPad Mini 3 (itunes.apple.com)
132 points by sc90 on Oct 15, 2014 | 115 comments
25.How Nigeria Stopped Ebola (businessinsider.com)
128 points by davesque on Oct 15, 2014 | 127 comments
26.Decision to drop ext support from ChromeOS Files.app reversed due to outcry (code.google.com)
114 points by soundsop on Oct 15, 2014 | 41 comments

If you're wondering how you should do these types of transactions without putting cash up front, the field is called trade finance.

Call your bank - most of them have a trade finance desk, or Google the term. A slightly cheaper way of doing it is to have a lawyer draft a terms of trade or supply agreement with either the funds in escrow with the firm or a bank guarantee.

Having your bank finance the trade is worthwhile as interest rates are so low at the moment. Common terms are 60, 90 or 120 day delivery with FED/LIBOR + x% (where x is the risk profile of your business - shop around to get prices) cost over the term.

The agreement would contain delivery timetables, warranties, customs clearance, liabilities, indemnities, guarantees, who pays what, etc. and you are protected legally without handing over tens of thousands of dollars or more upfront. These contracts are protected by law in almost all jurisdictions.

You don't finalize the transaction and pay for it until all conditions have been met and you have the goods in hand and have verified. The seller is trusting an international bank or a law firm escrow, and they should also have a lawyer or bank on their end (a trusted seller can receive the cash upfront for a fee with the bank picking up the risk, although I doubt any bank would finance a bitcoin atm without verified trade volume and a lower risk profile).

Talk to your lawyer and talk to your bank, having expensive items delivered without risking the full cost is a solved problem as old as finance itself and trillions of dollars annually are traded in this way. The extra $1k or so you'd pay on a $25k deal are worth it for the guarantee. If you ship goods regularly the costs are amortized as you can use the same contracts and finance suppliers. Don't deal with anybody shipping $20k+ valued products that doesn't deal with a bank trade finance desk or law firm and is instead asking for a bank transfer.

This is how most high cost goods are traded - from oil and other commodity supply contracts through to companies like Boeing and Airbus supplying planes, or GE supplying turbines for a power plant. Most people without experience lead into it thinking that buying something that costs $25k, $100k or millions of dollars is just the same as purchasing something at your local store just with bigger numbers. It isn't.

Bitcoin multisig transactions, or m of n transactions are also worth investigating as they cut the costs - although there is currently a lack of escrow/intermediaries who are as trusted as major law firms or an international bank. There is a huge opportunity in cutting the costs and fees associated with trade finance with bitcoin.

28.Is WPF dead: the present and future of WPF (pragmateek.com)
97 points by anilmujagic on Oct 15, 2014 | 84 comments
29.Google Play Game Services (developers.google.com)
110 points by albertzeyer on Oct 15, 2014 | 25 comments
30.Terraform 0.3 (hashicorp.com)
101 points by sciurus on Oct 15, 2014 | 22 comments

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