[bisq-network/proposals] Adjust parameters for JPY order book to reduce friction for new users (#98)

sqrrm notifications at github.com
Wed Jun 12 21:26:49 UTC 2019


I don't exactly know how hard it would be to do minor changes to the trade protocol but I don't think it's that hard. The UI side might be harder and since we're talking about making onboarding easier then the UI is probably the main point. Some things are easier to present than others and perhaps it's better to first think of what we would like to have and then see if it's doable.

> 1. Make escrow optional

Making escrow optional is not obviously a bad idea to me. Bisq functioning like a message board could have some value in bringing in people that later want to get the full Bisq experience. Another point of getting rid of the escrow is that we're already looking at removing it in general since the arbitrators are currently the weakest link regarding decentralization. In that case it would be replaced by something else though, like 2of2 multisig or BSQ bonds.

If we get rid of arbitrators and let users post f2f trades they could then use the trader to trader chat to arrange a meeting. Sounds like it could work but also sounds ripe for social engineering scams. Not sure I like this idea, but perhaps Japan is different and it would work there. Is it a good idea to tailor rules per currency?

> 2. Reduce the minimum security deposit to 0%, and make the default 0%

I don't think this is a good idea in general. If the default was 0% for all currencies many users would assume that's recommended and reasonable which in most cases I would say it isn't. To implement that as some special rule for JPY trades might work. Perhaps for low value JPY trades only. It could possibly be a worse experience for many if the BTC is not released from the 2of3 multisig. Then the case would go to arbitration and that is going to be troublesome for those that don't speak much english. I don't know if the arbitrators speak Japanese but I assume not.

> 3. Reduce the anti-spam measures

We haven't had any issues to obviously the anti-spam measures work ;) Maybe it's enough with the bitcoin tx fees to deter spam, it does make it easier to attack the Bisq network. I would say it could be worth trying as long as it could easily be reverted if there is an attack. It's not worth risking the whole network for onboarding but it's most likely the tx fees are enough to deter an unmotivated attacker and I don't think it's likely we would see a motivated attacker at this point.

> 4. Consider reducing trading fees during the introduction period

I agree with @flix1, this is a very small fee, it's not complicated to understand and it's not complicated to pay. 



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