Post
Topic
Board Marketplace (India)
Re: Use centralized exchanges, don't use P2P, my recommendation
by
Melloiga
on 24/11/2020, 15:06:03 UTC
The OP argument against P2P is a red-herring fallacy, because the issue he warns against is the danger of certain fiat payment types, which he falsely presents as danger of P2P exchanges.
Actually no. This issue is about P2P exchanges and not about fiat payments.
...
Actually, your post above is also entirely about certain types of fiat payments, and your discussion in the other thread derailed almost entirely into specifically bank (fiat) transfer payments, and the FUD surrounding them.
(This was really the most sensible post in that discussion.)

We don't make any extra money if more users come to P2P exchanges we recommend, but centralized exchange owners DO make A LOT more money if they can FUD newbies to their exchanges.

And it's easy to prove that the red-herring of P2P dangers is falsely being used by those centralized exchange owners to shill their business and FUD the ignorant to their exchanges:
if one simply meets the counterparty and does the same P2P deals F2F using paper fiat in the waiting room of a bank or fiat payment processor, this whole P2P FUD boogyman disappears. 


Clearly you're not from India and you don't know how things go here.

But I can assure you that these are not FUDs and the thread I made was just for people to post their suggestions on how to go about trading P2P safely.

I don't want to get into argument with you because you don't live here. Come here if you can and start trading P2P using banks online and F2F too if you dare and see what happens.

Good luck with your client and I hope more people start using it in India. But you really have to ask yourself why people are not doing it?

Like I said, you have to find a way to make it more safe, so that the person trading using it don't get into trouble later.