[bisq-network/proposals] Distributed reputation system (#78)
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Tue May 7 09:41:12 UTC 2019
> Exactly, that's my point. That after a certain status there shouldn't be the need for more data. I think we could limit the revealing of trade data to 1 instance, the first trade.
@huey735 I was thinking about the use case of the one time user that just wants to privately buy around $500 - $4000 worth of BTC as a long term investment, and how we could facilitate UX for that kind of user (not having to wait to execute his trade). If the user does a minimum self verification (i.e. 2FA with 2 bank accounts, atm withdrawal, digital signature, etc) the system could allow him up to $2000 during the first month. Btw, I know that the delay option is being discarded at this moment, but this is the kind of user that probably wouldn´t mind a delay on the payment (we still would have the bad UX for the seller having to remember to take action once the delay is completed as I understand implementing an nlocktime for the release of BTC would not be easy at all as it would require a change on the protocol).
So I am constantly running into the limitation of not having trading information about the peer. Despite my privacy concerns, I fully agree that having this information would be a really powerful tool, specially during the first month. If we could have that information as "zero-knowledge" as possible just during the first month it could be extremely useful.
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