[bisq-network/proposals] Arbitration-free trading (#84)
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Fri May 31 10:57:43 UTC 2019
There was actually a previous attempt at a DEX called Coinffeine (https://en.bitcoinwiki.org/wiki/Coinffeine) which used small but reusable security deposits so that a trade was actually completed in steps. For each step the security deposit was 100% of the amount exchanged for both buyer and seller and only when payment was completed and verified was the next step initiated, reusing the original security deposit to secure it.
This was a very strong MAD security model... however the ux would have been a nightmare if manual, so the project was dependent on APIs and automated payments via payment processor.
I believe that the project failed, although I still think the idea is worth exploring.
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