Crypto 360°

Monday, 16 March 2020

LocalBitcoins - Abuse & Silencing Customers

LocalBitcoins is now silencing customers who speak out against them.

Recently, I tried to leave feedback to someone, only to realise LocalBitcoins has removed my ability to do so.

https://preview.redd.it/hcshygf4ywm41.png?width=1472&format=png&auto=webp&s=fd394d89b96a3607958daa3ae7787d1faa0651d3

LocalBitcoins will revoke the ability to leave feedback to anyone found criticising them. If you use LocalBitcoins and have a bad transaction, they will use their ability to silence you. I advise anyone who uses LocalBitcoins to avoid the platform at all costs.

Furthermore LocalBitcoins' support is terrible. Their site is going downhill and it's only a matter of time before the platform dies out. I would recommend using alternative platforms such as Paxful/Bisq or to wait for a new P2P platform to come out. LocalBitcoins is starting to die out. They have a suggestion thread on their subreddit however, that thread was simply made to make them look as if they were doing something. LocalBitcoins has not taken any of the suggestions into account. Their support time is still ridiculous, people are still having problems with their accounts getting suspended and users are being forced to wait 14 days to get their Bitcoins back.

It's no surprise that what LocalBitcoins is doing is illegal. They cannot lock people's bitcoins for 14 days and in some cases even longer. LocalBitcoins has resorted to deception, fraud and blackmail. Anyone who is using LocalBitcoins can be forced out of their coins at any moment whenever LocalBitcoins feels like it.

submitted by /u/GlowingRadiance
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Sunday, 15 March 2020

Hand Sanitizer Price Gouging - Econ 101

https://www.nytimes.com/2020/03/14/technology/coronavirus-purell-wipes-amazon-sellers.html

So this bozo was driving around buying up all of the hand sanitizer in his area, so he could sell it for 5x the price on Amazon and Ebay. Amazon and Ebay were fine collecting 10-15% of his profits until the media got hold of the story. Then they banned his seller accounts. Now he's stuck with 17k bottles of the stuff and can't sell it. There are several economic concepts at work in this story: when demand increases and supply is reduced, price rises. When there is no market for a product, it's worthless. Elastic demand is quite variable.

It seems that the sanitizer hoarder doesn't know what cryptocurrency is?

submitted by /u/wtfCraigwtf
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source https://www.reddit.com/r/btc/comments/fix35d/hand_sanitizer_price_gouging_econ_101/

We should set up an automated feeder that takes BCH like we've seen Roger do. The publicity would be quite large for the investment, especially with so many people sitting bored at home. Maybe they see what can be done and their interests get peaked? Maybe make it as easy as going to the BCH faucet and having people send that very little amount, but wait for the total to be like $5 before giving out food?

submitted by /u/TyMyShoes
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source https://www.reddit.com/r/btc/comments/fiw2hg/publicity_idea_feed_the_deer_at_nara_park/