[bisq-network/proposals] Reverse Dutch Auction for the Donation address BTC (#148)

[chimp1984]

@MwithM interesting idea but I don't see how this reduces risk further beside that more parties are involved. The donation keepers could collude and run away with the funds...

Maybe another idea could be that Bisq users look up the balance of the donation address holder (burning man) and if the balance exceeds a defined limit (75% of bond) they will use an emergency address which is either from a highly trusted contributor (public identity) or a public donation address of a project Bisq supports (e.g. Tor) or a proofable burn address (but then the DAO suffers from those losses so that is a very expensive solution). That way a malicious burning man will fail to take offers as the peer will switch to the emergency address and the burning man would not receive the funds anymore but would risk to lose his bond. The tricky part here would be that the balance alone is not enough but the whole process of converting BTC to BSQ and burn it need to be verified as otherwise the burningman could just transfer the BTC. That would require some more complex protocol where the burning man's burn proof gets distributed and users can verify the process. I guess that should be do-able but likely has quite a bit of effort. Effort which might be better invested atm to increase trade volume. The DAO voting on the burning man should give enough safety that not a malicious burning man could take over. 



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