I'm not sure where you can find a 140% rate for MoneyPaks? I'm offering the best rate on all of LBC right now for MoneyPak and my rate is 120%. People pay very high fees to buy BTC with MP on LocalBitcoins. Just check the ads. Most are selling BTC for $600 in exchange for MP. Then there is MP for sale for $400 in BTC. I sell the MP for $500. So you can see how people will overpay for BTC then underpay to exchange to MP. Once I get more popular I don't see a problem turning a profit with reasonable rates.
In regards to Ebay Motors scams, I don't think anyone uses MoneyPaks to buy a car. How would they load up enough MoneyPaks to buy a car? Go to the store 100 times? That doesn't even make sense lol.
I understand you trying to "protect" people but from the posts it looks like you're just trying to bash me maybe for your own benefit? I mean no disrespect. Am I competing with your or something?
I encourage people to use ESCROW when they trade with me and start out with SMALLER transactions first. The "feds" aren't going to come knocking on your door for buying a few MoneyPaks from someone. Stop being paranoid.
I have only traded 1 or 2 BTC on bitcointalk. I prefer to use LBC for the escrow protection. Someone on this forum took off with $1000 after a few trades. I've done around $50,000 over a 2 month period on LocalBitcoins. I've had up to $15,000 on hand at once. That's around 50 MoneyPaks total if you count the average value of $300. It's not like I have $50,000 at once. Sell $2000, get another $2000.
Nobody is holding a gun to your head to trade with me. Make your own decision. My customers can vouch for me and I'll be here for a long time
Out of RELOADIT and VANILLA for now. I still have around $6,000 in MoneyPak. I will update when I have more RELOADIT/VANILLA.