[bisq-network/proposals] Trading protocol v2 without arbitrators (#52)

chris-belcher notifications at github.com
Sun Nov 11 20:06:35 UTC 2018


I've maybe thought of a vulnerability to the proposal in OP. It depends on voting power for a reimbursement being weighted by ownership of the BSQ token. Those BSQ tokens can be bought on the open market. So an attack would be that someone opens many trades on the orderbook and makes them all fail which locks up the bitcoins, and at the same time buys enough BSQ tokens to make themselves a majority voter of the DAO and use that to vote themselves the bitcoins they locked-up.

By analogy this is similar to in the world of joint-stock companies, where there is such as thing as a hostile takeover where an external entity quietly buys up >50% of the voting rights and then outvotes the existing board.

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/52#issuecomment-437700282
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20181111/503d30c6/attachment-0001.html>


More information about the bisq-github mailing list