[bisq-network/proposals] [WIP] UI of trust (for fiat trades) (#80)

mpolavieja notifications at github.com
Fri May 31 10:44:44 UTC 2019


> Couldn't the buyer, seller (and arbitrator?) sign something to certify

The problem is if the buyer and the seller are the same person (the scammer), he would be transferring BTC to himself and not transferring any fiat at all, and the arbitrator has no way to verify if the fiat trade took place or not without asking for evidence.

But if we depart from a base of trusted users who would be the only allowed to trigger account age for new users, we can have a reasonable comfort that those fiat trades between old sellers and new buyers are real.  IMO, for a scammer it will be extremely deterring to fully expose a stolen account for a very small quantity.  And even if he is reckless and exposes the account, chances are he will be caught quickly and also the harm (quantity) is very small.

However, I am aware this approach is only possible on mature markets where Bisq has a fairly large base of old payment accounts.  For new markets such as India or China another approach is needed, or maybe at the beginning any user will be able to trigger account age of any other user until the market is mature enough and then this verifying ability could be limited for older accounts.

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