Localbitcoins and I - page 2. | Bitcointalksearch.org

crazyearner

legendary

Activity: 1820

Merit: 1001

Quote from: MaxLBC on September 17, 2015, 02:51:28 AM

Quote from: Furio on September 17, 2015, 02:41:35 AM

Really interesting how thats possible, NON have reacted on my trades for the past six months, while that used to be about 3/4 a WEEK! Trade volume up? I highly doubt it. Maybe you're talking about an area in particular, overall the facts speak different sadly....

You can actually see for yourself. Through our API we publish information on volume per currency. A friendly user has used our API to create this site which shows our weekly volume for a few currencies: http://charts.coin.dance/.

Nice status report of volumes however some of them are down but most up. I will continue to use localbitcoins. open the doors for different types of payment maybe exchanging out from BTC into another coin would be a good feature to have and be allowed to do so with trades from people like sell BTC buy LTC or vise vers and so on.

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

IMHO the "issues" with LBC happen because they try to please the armchair traders by including all those shady payment providers and putting them first development- and visibility-wise. Very little is done for the traders that actually trade "local", i.e. face to face. I would wager a guess that the scam rate on face to face trade is near zero.

Winalunt

hero member

Activity: 525

Merit: 500

Tell Me What A Man Is Without Pride .

I have done handful of trades on LBC too and not all went smooth but the majority were ..
one thing I can bet on is 'they allow scammers and promote them'.

MaxLBC

newbie

Activity: 19

Merit: 0

Quote from: Furio on September 17, 2015, 02:41:35 AM

Really interesting how thats possible, NON have reacted on my trades for the past six months, while that used to be about 3/4 a WEEK! Trade volume up? I highly doubt it. Maybe you're talking about an area in particular, overall the facts speak different sadly....

You can actually see for yourself. Through our API we publish information on volume per currency. A friendly user has used our API to create this site which shows our weekly volume for a few currencies: http://charts.coin.dance/.

Furio

legendary

Activity: 938

Merit: 1000

BTC | LTC | XLM | VEN | ARDR

Quote from: MaxLBC on September 17, 2015, 02:11:19 AM

Quote from: johnyj on September 16, 2015, 08:37:33 AM

There are many scammers and drug dealers using localbitcoins, so it is extremely sensitive from law enforcement point of view. The site should have implemented AML and KYC measures to reduce the amount of fraud and illegal acitivities, but since there are no law currently require an escrow service to do that (I think it will come sooner or later), it is totally up to the dealer to follow the AML and KYC rule (I guess most of the pro traders on the platform do that)

Quote from: crazyearner on September 16, 2015, 03:54:37 PM

Quote from: Furio on September 16, 2015, 08:21:26 AM

Quote from: adammr1 on September 16, 2015, 08:04:22 AM

So I just read BurtW (I think thats his name) post about getting into trouble with homeland security for trading on localbitcoins. Was it something that he did wrong or did he do something he wasn't aware of? Didn't delcare taxes etc.

Is it safe for me who lives in Germany to use the service? Maybe the site is illegal in the states?

Localbitcoins is sinking.... Traded frequently on it till a year ago, now they block your account under suspicion, even if you have done NOTHING. They're just ridiculous

To be hoenst I been with them for a number of years never had any problem but seeing a lot of down trends with them and volume of trades going though on it or even seeing it being really active like it use to be. As you said few years back it was good. Now well it is a tough battle when their far better places popping up to use and trade with and exchange your coin into fiat. I give it a few more years maybe they will be at the bottom of the list, who knows but time will only tell.

Actually, our fraud rate is less than 0.5% right now. it's gone down significantly from the start of the year. And volume wise we're up around 40% from the start of the year.

Really interesting how thats possible, NON have reacted on my trades for the past six months, while that used to be about 3/4 a WEEK! Trade volume up? I highly doubt it. Maybe you're talking about an area in particular, overall the facts speak different sadly....

MaxLBC

newbie

Activity: 19

Merit: 0

Quote from: johnyj on September 16, 2015, 08:37:33 AM

There are many scammers and drug dealers using localbitcoins, so it is extremely sensitive from law enforcement point of view. The site should have implemented AML and KYC measures to reduce the amount of fraud and illegal acitivities, but since there are no law currently require an escrow service to do that (I think it will come sooner or later), it is totally up to the dealer to follow the AML and KYC rule (I guess most of the pro traders on the platform do that)

Quote from: crazyearner on September 16, 2015, 03:54:37 PM

Quote from: Furio on September 16, 2015, 08:21:26 AM

Quote from: adammr1 on September 16, 2015, 08:04:22 AM

So I just read BurtW (I think thats his name) post about getting into trouble with homeland security for trading on localbitcoins. Was it something that he did wrong or did he do something he wasn't aware of? Didn't delcare taxes etc.

Is it safe for me who lives in Germany to use the service? Maybe the site is illegal in the states?

Localbitcoins is sinking.... Traded frequently on it till a year ago, now they block your account under suspicion, even if you have done NOTHING. They're just ridiculous

To be hoenst I been with them for a number of years never had any problem but seeing a lot of down trends with them and volume of trades going though on it or even seeing it being really active like it use to be. As you said few years back it was good. Now well it is a tough battle when their far better places popping up to use and trade with and exchange your coin into fiat. I give it a few more years maybe they will be at the bottom of the list, who knows but time will only tell.

Actually, our fraud rate is less than 0.5% right now. it's gone down significantly from the start of the year. And volume wise we're up around 40% from the start of the year.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

No BurtW did nothing wrong, other than living in an area that has forfeiture laws.
Forfeiture laws allow law enforcement to take any asset because of suspicion, and then you must prove your innocence to get the assets back from them.

They get to keep any assets that you aren't able to reclaim for their own, and spend it on anything they like.

Comedians rightly poke fun at such laws:
https://www.youtube.com/watch?v=3kEpZWGgJks

crazyearner

legendary

Activity: 1820

Merit: 1001

Quote from: Furio on September 16, 2015, 08:21:26 AM

Quote from: adammr1 on September 16, 2015, 08:04:22 AM

So I just read BurtW (I think thats his name) post about getting into trouble with homeland security for trading on localbitcoins. Was it something that he did wrong or did he do something he wasn't aware of? Didn't delcare taxes etc.

Is it safe for me who lives in Germany to use the service? Maybe the site is illegal in the states?

Localbitcoins is sinking.... Traded frequently on it till a year ago, now they block your account under suspicion, even if you have done NOTHING. They're just ridiculous

To be hoenst I been with them for a number of years never had any problem but seeing a lot of down trends with them and volume of trades going though on it or even seeing it being really active like it use to be. As you said few years back it was good. Now well it is a tough battle when their far better places popping up to use and trade with and exchange your coin into fiat. I give it a few more years maybe they will be at the bottom of the list, who knows but time will only tell.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

There are many scammers and drug dealers using localbitcoins, so it is extremely sensitive from law enforcement point of view. The site should have implemented AML and KYC measures to reduce the amount of fraud and illegal acitivities, but since there are no law currently require an escrow service to do that (I think it will come sooner or later), it is totally up to the dealer to follow the AML and KYC rule (I guess most of the pro traders on the platform do that)

Furio

legendary

Activity: 938

Merit: 1000

BTC | LTC | XLM | VEN | ARDR

Quote from: adammr1 on September 16, 2015, 08:04:22 AM

So I just read BurtW (I think thats his name) post about getting into trouble with homeland security for trading on localbitcoins. Was it something that he did wrong or did he do something he wasn't aware of? Didn't delcare taxes etc.

Is it safe for me who lives in Germany to use the service? Maybe the site is illegal in the states?

Localbitcoins is sinking.... Traded frequently on it till a year ago, now they block your account under suspicion, even if you have done NOTHING. They're just ridiculous

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

If I remember correctly LB halted their service in Germany.

adammr1

newbie

Activity: 2

Merit: 0

So I just read BurtW (I think thats his name) post about getting into trouble with homeland security for trading on localbitcoins. Was it something that he did wrong or did he do something he wasn't aware of? Didn't delcare taxes etc.

Is it safe for me who lives in Germany to use the service? Maybe the site is illegal in the states?

Topic: Localbitcoins and I - page 2. (Read 5435 times)