Nostr Web Client

Yeah, it's absolutely insane. I don't mind a small premium, but that's just way too high for it to be worth it for me. They don't require any KYC besides your phone number, which is okay with me, but you're obviously paying extra money for the "luxury" of the basic rights of privacy and security.

My concern is that if I'm doing peer-to-peer without a trustworthy mediator of some sort, then I'm basically putting my money at risk and I can't afford that at this point in my life. And honestly, even though I do believe in Bitcoin, I'm not so desperate to use it that I'm going to go to insane trouble just to get it. Hopefully the KYC laws will relax a little now that we have a pro-Bitcoin president on the way, but again, not holding my breath too much.

Grafton @ Vexl 1y ago

So this is the entire point of Vexl as you never trade with somebody that you don’t have a level of trust with it’s built off of friends and friends of friends, but it does it in a way that’s anonymous, discreet, and totally private from a user perspective.

So let’s imagine that you and I share five common friends. Well, that’s a pretty good start but as your network keeps growing, you’ll start to see that you have not only lots of offers, but offers with lots of mutual friends in common. This is how we do it KYC is dangerous for everyone. Opt out check out to Vexl and start trading purely peer to peer.

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Discussion

Jacob | Five Eye Tea 1y ago

First off, I sincerely appreciate the sats! As for Vexl, does this mean I'd need to have friends to trade with? If so, I'm afraid I'd run into the same issue I have with the whole meetup thing. Aside from online acquaintances, I have no friends that have any crypto, much less BTC.

Grafton @ Vexl 1y ago

Great question! But this is the network affect in action.

This is a really common misconception . I don’t have any friends…

Of course you do, bitcoin is proof of work, of course you can’t expect to just open the app and there is everything you need. Things of value take time and work to build.

Now you might say I have no friends to trade with but in reality we are all seperated 6 degrees from satoshi himself.

So while you might not think you have any friends, bitcoin is here and you might be surprised to have friends of friends that are bitcoiners.

This is how it works.

My dog walker isn’t a Bitcoiner yet, but she’s someone I trust and multiple other people trust. She’s not on Vexl, she’s doesn’t have bitcoin but one of her friends is a Bitcoiner and is on Vexl.

So we can leverage our trust in our mutual dog walker friend to trade.

Over time it begins to scale. Where you have 25 friends or 50 friends in common.