[bisq-network/proposals] Certification for ownership of a bank account (#23)

Manfred Karrer notifications at github.com
Sun Jun 3 13:03:36 UTC 2018


@sqrrm We don't have rush to implement that as long we don't have problems with scammers who use low amounts where the account age witness does not help. But it would be good to have a clear plan ready once we need it. Implementation would be not very difficult. We could also implement it but keep it inactive as long we don't see a need, but we would be quickly ready once needed. 

I got repeatedly messages from LocalBitcoins traders who say that Bisq's security model will not enough against stolen bank account scammers once we get more volume. It is hard to predict but I also fear that the account age witness is not sufficient. There are for sure many stolen bank accounts sold on dark markets with low Fiat balances on it and we are currently not protected against those.

Security and privacy are not always 100% compatible. If we have a perfectly privacy protecting exchange but there are tons of scammers nobody will use it. Of course we need to take care to have the right balance. 100% security is not possible anyway with Fiat and degrading privacy to just a get a little bit more security is the wrong way as well.   

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