[bisq-network/bisq-docs] Add user-facing DAO docs (#96)

Steve Jain notifications at github.com
Fri Jan 4 01:09:49 UTC 2019


m52go commented on this pull request.



> +
+* Contributors _maintain_ Bisq through valuable work
+* Traders _use_ Bisq to buy and sell bitcoin and other cryptocurrencies
+* Contributors _earn_ BSQ tokens when their compensation requests are approved through voting
+* Traders _buy_ BSQ tokens in order to pay lower trading fees
+* Stakeholders _vote_ on compensation requests
+* Contributors can _lock_ a bond in BSQ to ensure integrity in high-trust roles
+
+Now let's see how these dynamics enable the Bisq DAO to provide 3 core governance functions without any central points of authority.
+
+=== Earn and distribute revenue
+
+Every project needs to be financial sustainable to fund ongoing operations and development. But traditional means of handling revenue and revenue distribution are necessarily centralized—any receiving address or account must be owned by one person, or a small group; determining how much a person should be paid must be determined by one person, or a small group; etc.
+
+The Bisq DAO seeks to avoid such centralization of authority. So, instead of taking in trading fees and then distributing them, the Bisq DAO distributes fees first and then puts them up for sale.
+

I didn't implement this text exactly, but I did reword the section and included a link to the Phase Zero section on monetary policy. 

Can include the bit on burning BSQ increasing the value of existing BSQ tokens if you want it, but I didn't want to include that without acknowledging the reverse effect too.

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