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CD99: Paxful Shuts Down with Ray Youssef
About this Episode
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EPISODE: 99
BLOCK: 784070
PRICE: 3578 sats per dollar
TOPICS: paxful was a leading peer to peer exchange for the last eight years before it shut down this week
Ray Youssef on Twitter: https://twitter.com/raypaxful
nostr live chat: https://citadeldispatch.com/stream
nostr account: https://primal.net/odell
youtube: https://www.youtube.com/@citadeldispatch
podcast: https://www.podpage.com/citadeldispatch
stream sats to the show: https://www.fountain.fm/
(00:03:21) Introduction and shout out to supporters
(00:16:55) Shutting down Paxful and the reasons behind it
(00:26:53) The Noone's app and the decentralized toolkit
(00:42:21) Audit responses from support and compliance decisions
(00:43:21) Freezing funds and inability to provide explanations
(00:44:39) Challenges with gift card programs and reputation systems
(00:49:30) Dealing with accusations and maintaining reputation
(00:52:59) The potential of reputation systems and credit scores
(00:56:07) The importance of Bitcoin in developing economies
(01:09:30) The challenges of frozen accounts and the need for custodians
(01:14:31) The importance of unstoppable free markets and the urgency to act
Hosts & Guests
No transcript available for this episode.
