[bisq-network/proposals] New trade protocol (#52)

Peter at Clearwater-Trust.com notifications at github.com
Tue Oct 15 00:59:23 UTC 2019


**New Mediator/Arbitrator System and Coinlockers.**

What is a coinlocker? A coinlocker is somebody that locks a trader's funds in escrow either as an option trade (if the price moves in their favor they may pay) OR somebody that locks funds in escrow so their trade appears on the order book in place of a competing offer OR for simple spite, envy, (insert other terrible humanoid characteristic here).

The new dispute protocol invites this terrible market trashing behavior as the arbitrator/mediator time has been drastically increased.

Funds locked in this process of arbitrator/mediator baton passing increases the potential for abandoned, incomplete, bullshit, failed trades.

If we decide to continue with this system, **arbitrators must be QUICK TO RESOLVE and REWARD security deposits when applicable to discourage COINLOCKING.** 



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