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So the UI allows users to set a discount rate, similar to the way you set a limit order on etrade or Name Your Price on Priceline. I can place an order to buy AAPL for $100 or bid to stay in a 5 star hotel for $10. Doesn't mean they will get filled.

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But they will be filled. By people who are very eager to cash out of some stolen credit cards or need some dirty money in someone else's hands. And, bonus points, in a way that makes the transaction irreversible.

Or, more likely, someone will jump in front of that request for 50% and ask for 45%. Then 40%, then 30, then 20 and then 8%. It's a market.

I do agree, though, that those very high discounts should be a red flag, if they're for any serious money. Stuff for $5 with a 50% discount is no big deal if someone just wants ot be rid of a card and doesn't mind losing a couple bux, which they'd end up paying in fees buying BTC anyway.

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