And remember, you can always use the extra $70 and re-invest. So eventually your money will grow exponentially.
Well, there's always that darn problem of finding a willing and able buyers.
But it essentially helps lower the price on LocalBitcoins so that it is competitive with Mt. Gox.
I recently had a listing at LocalBitcoins where I charged no price premium over Mt. Gox and got multiple buy offers. I was able to sell plenty on each day that I had the offer out there.