CD99: Paxful Shuts Down with Ray Youssef
from Citadel Dispatch Hosted by ODELL
support dispatch: https://citadeldispatch.com/donate 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
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