[bisq-network/proposals] Launch initiative to educate users about the DAO (#56)

Manfred Karrer notifications at github.com
Wed Nov 21 11:30:32 UTC 2018


@cbeams Thanks for the summary and discussion.
Reagarding point 2: I would not count or involve that at all atm as the concept is still not worked out in detail and it will require a stable and mature DAO/BSQ to enable it. That might take a year that we get there...

The investment motivation is probably the strongest driver and very hard to estimate. Due legal risks we need to avoid to bring that up actively from our side. So I would leave that to the users to figure out themself if it might be an interesting investment opportunity or not.

The fee part is for sure the most important. As we are getting close to break even already I think we should not be too worried that those who understand the whole model are doubting that buying a bit more BSQ as needed. Buying BSQ has also fee costs so to buy just for the next trade would not be very reasonable. 

Another part will be the asset listing fee. Currently we have over 100 coins (which are not traded). Fees will be low initially but I expect that they will get increased by voting soon after the launch. I think a listing fee of 500-1000 USD is reasonable and that would lead with 100 coins to a significant amount of BSQ. 

There is also the burn fee feature which might be used to convert back BTC to BSQ in case the fee payment in BTC stays too high. Maybe that will be used for other features (reputation) as well, but that is not clear enough atm.

The most important is that our users and core followers really understand the model. As I saw in many discussions that is not easy to achieve as there is much resistance against any tokens and many make too quickly assumptions in direction ICO, etc. And of course it carries some complexity and requires some technical understanding. 

So I think we really need to be sure that the majority of our core users understand the model. Many of those are using Bisq despite disadvantages regarding convenience and trade fees, motivated because they want to support such a project. If they understand BSQ they will likely support it by buying BSQ as well. 

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