[bisq-network/proposals] Enable face to face (F2F) trade in Bisq (#24)

h173k notifications at github.com
Fri Aug 17 20:17:58 UTC 2018


As I mentioned above. The only correct way to do F2F is to require 100% deposit over sell amount for seller and a 100% of buy amount on the buyers side. In case something goes wrong - funds must go to arbitrator. Why? Because scammer can try to convince to split funds between arbitrator and him\her. When it is known funds go to arbitrator anyway - there is no way scammer can beat that offer. Then scammer loses 100% of his deposit what makes this market not affordable for such individual for long (even if we consider excentric millionaire). This model also allows to seller to not confirm payment on the spot but go safely home and then do it without risk of being robbed right after confirmation and cash handling. Both traders are assured economically that trying tricks in this situation will result in loss on both sides - so there is no incentive to do so. Seller can easily split amount into 50/50 to satisfy 100% deposit requirement and in few hops sell entire amount. Buyer can aquire small deposit amount with another method and also quickly with few hops increase funds to desired level to trade later comfortably. In crypto protocols most important thing is to eliminate trust and this proposal does it. 

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