If it's not an open source decentralized platform, it's going to get co-opted and wiped out by corrupt governments who want us all eating bugs and living on CBDC
I think the last time I looked at local bitcoins all they did was have a database where you could look up other people in your neighborhood hence the name local who wanted to buy or sell bitcoins and you would go and meet them at a coffee shop or in front of the police station or something like that and do an actual physical transaction. Apparently what's causing them the problem is there they've become a money trader themselves rather than just a database of individuals. It seems to me they should go back to their old format although perhaps since they weren't making any money out of that or something it would not work for them and cover their current cost. I imagine if they were offering wallets and doing trades they were taking some sort of a cut and they probably blew up and and started raining a lot of expensive servers and employing a lot of people and now they have a monthly nut that they can't cover the old way. But I still think there is a place for a true local bitcoins database service that identifies individuals willing to go meet in person to buy and sell crypto.
And local bitcoins used to do trading at a personal level. That's what they started out as was literally a place you could look up other people in your neighborhood who wanted to buy or sell bitcoins and you would go meet them in front of the coffee shop or the police station or wherever you felt safe. Now it looks like they're doing their own online wallets and that's their downfall. There is still a place for a original type local bitcoins where you identify other people in your neighborhood who want to buy and sell. And quite frankly it would be easier to do that today than it used to be because so many more people have Bitcoin.
[ - ] Scyber [op] 1 point 1.2 yearsFeb 9, 2023 12:10:23 ago (+1/-0)*
Yeah, I think some sort of regulation is coming this year and any regulation is bad. Thanks to the FTX bullshit. I seriously believe FTX was created by TPTB to inflate the fuck out of the market like what happened in 2021, and then just completely fail in order to bring in worldwide regulation. Think about it. FTX came out of NOWHERE in 2019 and became one of the biggest exchanges. And it launched about 2 weeks after Biden announced his presidential campaign. Then when it collapsed 3-1/2 years later, rumors were swirling about it being a massive money laundry scam tied into Ukraine washing the money they're getting from the US.
It's all too obvious to see all the bullshit laid out.
[ + ] rhy
[ - ] rhy 2 points 1.2 yearsFeb 9, 2023 12:19:52 ago (+2/-0)
[ + ] Crackinjokes
[ - ] Crackinjokes 1 point 1.2 yearsFeb 9, 2023 12:05:55 ago (+1/-0)
I think the last time I looked at local bitcoins all they did was have a database where you could look up other people in your neighborhood hence the name local who wanted to buy or sell bitcoins and you would go and meet them at a coffee shop or in front of the police station or something like that and do an actual physical transaction. Apparently what's causing them the problem is there they've become a money trader themselves rather than just a database of individuals. It seems to me they should go back to their old format although perhaps since they weren't making any money out of that or something it would not work for them and cover their current cost. I imagine if they were offering wallets and doing trades they were taking some sort of a cut and they probably blew up and and started raining a lot of expensive servers and employing a lot of people and now they have a monthly nut that they can't cover the old way. But I still think there is a place for a true local bitcoins database service that identifies individuals willing to go meet in person to buy and sell crypto.
[ + ] deleted
[ - ] deleted 0 points 1.2 yearsFeb 9, 2023 13:25:52 ago (+0/-0)
[ + ] PORTforceOne
[ - ] PORTforceOne 1 point 1.2 yearsFeb 9, 2023 11:47:54 ago (+1/-0)
[ + ] Crackinjokes
[ - ] Crackinjokes 1 point 1.2 yearsFeb 9, 2023 12:07:14 ago (+1/-0)
[ + ] Scyber
[ - ] Scyber [op] 1 point 1.2 yearsFeb 9, 2023 12:10:23 ago (+1/-0)*
Thanks to the FTX bullshit.
I seriously believe FTX was created by TPTB to inflate the fuck out of the market like what happened in 2021, and then just completely fail in order to bring in worldwide regulation.
Think about it.
FTX came out of NOWHERE in 2019 and became one of the biggest exchanges. And it launched about 2 weeks after Biden announced his presidential campaign.
Then when it collapsed 3-1/2 years later, rumors were swirling about it being a massive money laundry scam tied into Ukraine washing the money they're getting from the US.
It's all too obvious to see all the bullshit laid out.