CD99: Paxful Shuts Down with Ray Youssef
01:18:19 Share

**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/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