[bisq-network/proposals] Change fee model to a more simple one? (#31)

Manfred Karrer notifications at github.com
Wed Aug 1 17:29:44 UTC 2018


@m52go Thanks a lot for the PR! I think you are right that it was mainly the bad description which caused the confusion.
Regarding market distance: The market distance is relative to the liquidity. It seems to be quite normal that in markets with low liquidity users are used to pay higher premiums. I got that feedback from traders when we discussed that topic at the time we implemented that fee model. A Chilenean trader told me its normal that they pay a 10% (or so, don't remember the exact value) in Chile as it is hard to find a trader anyway. Same apply for some altcoins. 
I have seen that spread was going down automatically with increased volume (as it happened in EUR). So I don't see it a big issue. To change the formula would add more complexity as it would not be plain square root anymore. 25% creates already a 5 times higher fee, so I think that is not that bad.

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