this is why Vexl exists! p2p local without KYC in your web of trust.
Discussion
Could you please explain a little bit what makes Vexl special against services like Bisq and Robosats?
With p2p local you mean that you meet in person to buy or sell bitcoin?
If yes, I think meeting in person at this time of bitcoins lifetime is not ideal.
Numbers can still go up a lot. So not good if someone knows my face and even when I mask myself there is a risk that you will get beaten and forced to hand out your seed if you want to keep your knee caps undrilled.
:D
But I'm really curious to hear about Vexl. Maybe I have a wrong understanding of its USP.
Sorry for my delay in seeing this!
Vexl is different because of the reputation model.
You’re not meeting strangers, you’re meeting friends and friends of friends, when I see an offer on Vexl I see how many friends i have in common with the person making the offer.
That is the reputation. If I have 25 friends in common, well I can be certain that that trade is going to go well as we have just so many mutual friends.
If I have 3-4 friends in common, well I would approach it differently if I was making a larger bitcoin buy/sell.
I would say something like “hey I see we both have Bob as a friend, I know Bob well he’s one of my friends from university before I meet you can we both shoot Bob a message and if he says that you’re cool to trade with then let’s do this damn thing”
So even I don’t need to know your name, just if Bob says yes I’m ok to meet.
When you trade based on real world reputation you lower the risk, because if you screw me over well I’m certainly gonna let Bob know that, which damages your reputation.