[bisq-network/proposals] Increase buy limit for new accounts from 0.01 to 0.02 BTC (#95)

Manfred Karrer notifications at github.com
Fri Jun 21 11:10:50 UTC 2019


The security model of Bisq is based on the assumption that we can avoid chargeback to a very high degree, which was true until the event in April (ignoring the Venmo and Cashapp events). If we cannot hold that secruity model by releasing certain limitations (not supporting Venmo, Cashapp, Paypal,...) or lifting the trade limitis we would be an easy target for serial scammers and people will stop using Bisq. It is an open invitation for scammers. No risk for them. Get a stolen bank account on the black market and cash it out on Bisq. So not well informed newby will get burned. 

Other models have a reputation system which can partly be used for secruity (weak IMO), but Bisq does not have that, so the limitations to make it economically not interesting for scammers is one of the only ways we can solve that. And those limits are easily released once the 2nd bank transfer solution is implemented as well.

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