[bisq-network/proposals] Lower Trading Fee (#126)
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Wed Oct 9 11:29:16 UTC 2019
> My background is in stock options market making at the Chicago Board Options Exchange where I worked for 10 years (2000-2010) before retiring due to a combination of being made obsolete by algorithmic trading and stacking enough sats to be free of the modern variety of (corporate) slavery.
Wow, out of all the software engineer cypherpunk geeks here working on this decentralized trading platform, you might be the only actual "trader" around :wink:
I don't know the financial incentives at play well enough to conclude for myself if raising trading fees affected the BSQ market over the past few months, or perhaps it was a combination of other factors such as the Bitcoin market in general, or the issues caused by 0.01 BTC trade limits. And the other part of me feels like we are the FED voting to adjust interest rates :joy:
But I'm in this for the long run, and I think lowering fees, at least for the short term could be helpful for growth and launching Bisq in new markets. We should be cheaper than centralized exchanges if possible.
I think you should make the 4 parameter changing proposals in the DAO for this cycle and let them be voted on. If it doesn't pass we can always discuss it more and vote again next cycle.
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