Paypal allows clawbacks for months, hence it’s difficult to sell for Paypal to anyone who is not already in the -otc web of trust; but by restricting sales to high-karma LWers, I am putting their reputation here at risk if they scam me, which enables me to sell to them. Hence, they can acquire bitcoins & get bootstrapped into the -otc web of trust based on LW.
Paypal allows clawbacks for months, hence it’s difficult to sell for Paypal to anyone who is not already in the -otc web of trust; but by restricting sales to high-karma LWers, I am putting their reputation here at risk if they scam me, which enables me to sell to them. Hence, they can acquire bitcoins & get bootstrapped into the -otc web of trust based on LW.