Post of the year!
A masterclass in delivering a pyoor riddy ← causing your opponent to blush furiously to the extent that their neck becomes incandescent,
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The level of missinfo that those ai will poor into bing and google will be fenomenal
Of course they claim in the terms that you must cross reference the results but people dont do that mostly
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LocalBitcoins shutting down.
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imo the escrow feature was a mis-feature for “local” face-to-face transactions and localbitcoins drove itself into the ground. I’ve been expecting this day for some time.
For f2f, escrow is not needed because both parties are present at the transaction. Yet localbitcoins tried to force everyone into using it, probably because that way they could take a cut of each tx. And the escrow “money handling” is what necessitated the KYC.
Local traders would often use localbitcoins just to find each other initially and after that just contact eachother via other means.
I should note that the escrow is useful and perhaps necessary for online (remote) exchanges. However, those are not “local” at all and imho don’t belong on a site calling itself localbitcoins.
in other words, their local-unfriendly greed/model got them shut down.
With localbitcoins ending, I think (hope?) there is room for a service that focuses strictly on f2f meetups and does not use escrow or take any cut. It would strictly be a matching and reputation service that does those jobs really well. no money handling, no kyc. no fees. Probably ad or donation supported, so would never make a ton of money.
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Correct, but there was a lot of transactions done by bank transfer. This is where the buyer deposited x$ into the seller’s bank, then when that cleared the coins were transferred.
For this escrow was a good feature since the seller could not easily scam the buyer since there was the 3rd party and the coins were held.
I knew some in aussie land who bought coins this way where the seller was thousands of miles away in another state. Aussie banks have instant transfers for saving accounts since the government wants to convert to digital currency and remove cash (notes) leaving coins only for small purchases.
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Hmm, how 
can I tempt these Pythonistas 
into the world of Rustaceans 
If only they’d give Rust a try they could skip the CLI and talk directly to the network using the Safe Network API. 
And they could look at the MaidSafe CLI code to figure out how to use the API 
Ahah! I’ll just leave this here…
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perhaps you didn’t read my entire post, eg:
The entire thrust of my comment is that they were insisting on escrow for f2f, which is only because a) they also offer non f2f and b) escrow makes them a man-in-the-middle so they can take a cut – but also subjects them to KYC regs.
If they had simply focused on the local as in localbitcoins, there would be no need for escrow, nor for kyc. They could still do the remote escrow stuff as a separate business, and keep things clean. But no, I think they were too addicted to charging the escrow fees.
Hence why I believe there is room for a site that focuses just on f2f matchmaking. The remote case is already covered by many competitors, dex, cex, etc, etc. yawn.
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“Economics” bears no resemblance to Science - it is little better than Voodoo . . So the claimed higher knowledge of “economists” in the area of trying to find a rational way to organise a complex society which depends on a rich and diverse natural environment being maintained is . . amusing at least . .
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Gensler going after Paxos and BUSD.
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My intuition is that this is being done in support of Circle’s USDC and Tether’s USDT which are more under the thumb of the oligarchs and the government. I don’t see how this stands up in court, but they can drag that out for years (as they have with Ripple) and in the meantime Paxos loses marketshare.
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10 points to anyone who can explain how you can expect profits off “investing” 
in a stable coin. How is it a fricken security.
I would seriously vote for any muppet that raises their hand at this point to get rid of this administration.
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maybe cause of inflation your stable coin is getting value by time? (just a thought havent any idea what I am talking about)
ok better idea: maybe cause you can monitor/censor/can pay for dirty things?
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Some make money trading currencies so maybe that.
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But who/how, if a trade between BUSD and something else results in a profit that is due to my efforts not the efforts of paxos.
But in a world obsessed with an apparent alien invasion… 
why not
On that note I would like to state for the record if aliens are visiting lets not shoot them down unless we want to start a war with a civilization that made it further than the moon.
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Part of me thinks, why not, it may be better 
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Apparent being the key word here. Easier to fake aliens and blame them for the impending financial crash than admit to any wrong doing 
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