Thread

Replies (53)

↩ replying to npub1wm3k...t98k
Your number is verified that your human and that it belongs to you using twilio. This is the industry standard. This is what signal uses. But we are fully open source you can go and read and understand that everything happens client-side the numbers are hashed. You don’t have to trust us you could actually verify this. But let’s unravel this even further I understand the concern for phone numbers and I understand that it’s a trade-off for some, but what actually does it mean? Well, first of all, no trading actually happened on the app. Everything is settled between you and the counterparty with zero third-party input. We have no idea or no way of knowing if you traded with anyone. So Vexl doesn’t touch Bitcoin it doesn’t fiat there is no wallet. There are no on our off-ramps. The phone numbers are hashed so if you and I both have a mutual friend, the Hash of the number will appear the same. This is where the magic happens because if you and I know 10 of the same people and we have their phone numbers well those number numbers are Hashed the same for us it allows us to compare them, but we know nothing other than the hashes and that’s how things are connected. There are a records of trades. There are no rating systems that can be gamed or bought. There are no star systems that you have to trust strangers with your network is yours. We can’t see it no one but you can. If you have a better solution I’m all ears. But currently there is nothing that can leverage your personal social graph to allow you to trade Bitcoin anonymously, privately, and with a little to no risk at all. I’m not asking you to trust me in fact, I don’t want you to. I love skeptics. I am a skeptic. I encourage you to look deeper if you see a problem tell me let’s try to solve it. Vexl is not about trying to make money or build a company to sell you something. Vexl’s about trying to solve a problem and that is currently we do not have a good way to buy Bitcoin securely and privately peer to peer with no KYC. We are building Vexl because it’s what we want. I want a way that I can buy bitcoin without KYC peer to peer the way it was intended. What do you want?
↩ replying to atyh
You clearly haven’t tried to understand how it works. Your phone number is never shared. Everything happens on your device client side. Vexl is not an exchange. Vexl does not have a wallet. It does not touch Bitcoin and it does not touch Fiat.. Vexl is essentially a chat platform that connects you with friends and friends and friends based on mutual connections. There is no way for anyone to tell if a trade happened or not. Not sure if you would be doxxing yourself to or what you would be doxxing yourself about. There are trade-offs to anything, but ours are extremely minimal. Do you know a better way? I’m all ears.
↩ replying to atyh
What are you even talking about? There are no evidence of any transactions that happen whatsoever. We encourage people to meet face-to-face. I would never send money to someone via the bank. I would never KYC to a centralized exchange.. Not a single transaction happens within the app all data is separated. We have no accounts. There is nothing connecting you to an offer or a trade.
↩ replying to atyh
We don’t demand your phone number. Your phone number is never shared with us or anyone. We can’t see it even if we tried.. I’m honestly asking like what do you suggest as a better way to build out a web of trust that doesn’t compromise on privacy. Or do you still suggest people use referral links for centralized exchanges and KYC? Like I’m genuinely interested in your arguments of where your biggest concerns are and where trade-offs happen anywhere what are you OK with when it comes to buying bitcoin what’s the best way to obtain bitcoin if you were going to meet someone and teach them about Bitcoin how would you tell them to buy it? I’m trying to solve a problem. I’m trying to make Bitcoin accessible and convenient for everyone. Rather than call me a fool try engaging in constructive conversation and we might both enjoy it and learn something
require the phone number if you must (for DOS protection - people can always use services like sms4sats), but please make the whole orderbook available upon registration. you’re obstructing access to the whole extent of the very marketplace you’ve built, in the name of a faint (and flawed) notion of trust that ultimately nobody really cares about. having to share the full list of contacts with you only to gain access to a fraction of the offers - and only to be able to say: “look! this offer is from a total stranger who for whatever reason is among the contacts of one of the gazillion people who for whatever reason are among my contacts!” - doesn’t make any sense. let me trade with everyone, and let me keep my list of contacts private.