<p>Example of the idea above:</p>
<p>Alice wants to verify her fiat account with Bisq to get the "verified" badge on all her offers.</p>
<ol>
<li>
<p>Alice pays 100 BSQ to write the <strong>initial verification tx</strong> on the Blockchain. This tx includes a hash of that bank account IBAN.</p>
</li>
<li>
<p>Every subsequent trade performed with that payment account will allow Bob (seller) to burn 10 BSQ and "verify" Alice through a simple <strong>upvote</strong> / thumbs up mechanism.</p>
</li>
<li>
<p>If a trade is unsuccessful Bob can also end the dispute mechanism by <strong>downvoting</strong> / reporting the account at a cost of 100 BSQ.</p>
</li>
<li>
<p>Arbitrator Charlie can also report / downvote an account by making a BSQ tx to the address.</p>
</li>
<li>
<p>Just by looking at the BSQ address related to a payment account, we can see the full history of successful or failed transactions.</p>
</li>
</ol>
<p>This decentralized reputation would show up as a "verified" badge next to the offers created by Alice using that account.</p>

<p style="font-size:small;-webkit-text-size-adjust:none;color:#666;">—<br />You are receiving this because you are subscribed to this thread.<br />Reply to this email directly, <a href="https://github.com/bisq-network/proposals/issues/23#issuecomment-487031627">view it on GitHub</a>, or <a href="https://github.com/notifications/unsubscribe-auth/AJFFTNTE6545DGSFH5CCHZTPSLU5LANCNFSM4FC7BY6Q">mute the thread</a>.<img src="https://github.com/notifications/beacon/AJFFTNT3LIPSKKANBPGIRBLPSLU5LANCNFSM4FC7BY6Q.gif" height="1" width="1" alt="" /></p>
<script type="application/json" data-scope="inboxmarkup">{"api_version":"1.0","publisher":{"api_key":"05dde50f1d1a384dd78767c55493e4bb","name":"GitHub"},"entity":{"external_key":"github/bisq-network/proposals","title":"bisq-network/proposals","subtitle":"GitHub repository","main_image_url":"https://github.githubassets.com/images/email/message_cards/header.png","avatar_image_url":"https://github.githubassets.com/images/email/message_cards/avatar.png","action":{"name":"Open in GitHub","url":"https://github.com/bisq-network/proposals"}},"updates":{"snippets":[{"icon":"PERSON","message":"@flix1 in #23: Example of the idea above:\r\n\r\nAlice wants to verify her fiat account with Bisq to get the \"verified\" badge on all her offers.\r\n\r\n1. Alice pays 100 BSQ to write the **initial verification tx** on the Blockchain. This tx includes a hash of that bank account IBAN.\r\n\r\n2. Every subsequent trade performed with that payment account will allow Bob (seller) to burn 10 BSQ and \"verify\" Alice through a simple **upvote** / thumbs up mechanism.\r\n\r\n3. If a trade is unsuccessful Bob can also end the dispute mechanism by **downvoting** / reporting the account at a cost of 100 BSQ.\r\n\r\n4. Arbitrator Charlie can also report / downvote an account by making a BSQ tx to the address.\r\n\r\n5. Just by looking at the BSQ address related to a payment account, we can see the full history of successful or failed transactions.\r\n\r\nThis decentralized reputation would show up as a \"verified\" badge next to the offers created by Alice using that account.\r\n  "}],"action":{"name":"View Issue","url":"https://github.com/bisq-network/proposals/issues/23#issuecomment-487031627"}}}</script>
<script type="application/ld+json">[
{
"@context": "http://schema.org",
"@type": "EmailMessage",
"potentialAction": {
"@type": "ViewAction",
"target": "https://github.com/bisq-network/proposals/issues/23#issuecomment-487031627",
"url": "https://github.com/bisq-network/proposals/issues/23#issuecomment-487031627",
"name": "View Issue"
},
"description": "View this Issue on GitHub",
"publisher": {
"@type": "Organization",
"name": "GitHub",
"url": "https://github.com"
}
}
]</script>