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

MwithM notifications at github.com
Fri Dec 13 16:40:03 UTC 2019


> @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...

Yes, that's why I say that I'm still not very happy with it. It may improve a little the current situation because 3 bonds would make the attack more expensive (higher total bond).

>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...

This only would stop the attack once is done (and already profitable unless you set a low bond % limit) because all trades in course until the moment the attack is noticed would already be pointing to attacker's address. Solutions which involve to stay vigilant for abnormal activity tend to fail because they would notice the attack too late.
Anyway, as donation keeper's bond is higher than the burner bond, it might help to notice the attack earlier.

-- 
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/148#issuecomment-565509141
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20191213/e0175f75/attachment.html>


More information about the bisq-github mailing list