CD99: Paxful Shuts Down with Ray Youssef

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 99BLOCK: 784070PRICE: 3578 sats per dollar TOPICS: paxful was a leading peer to peer exchange for the last eight years before it shut down this weekRay Youssef on Twitter: ⁠⁠⁠⁠⁠https://twitter.com/raypaxful⁠nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream 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