[bisq-network/proposals] Allow unsafe payment methods if buyer locked up a BSQ bond (#131)

chimp1984 notifications at github.com
Mon Oct 28 23:19:38 UTC 2019


@mpolavieja 
> What about allowing Insecure methods such as Paypal to buy BSQ directly?....So newbies would not need BTC in order to be able to buy BTC. All the process of buying BTC will be solved within Bisq.

Interesting idea with buying BSQ directly but there is still the requirement for miner fee in BTC so problem of the first time user who has no BTC is not solved by that. ;-(

@wiz 
> secure payment methods...

As long they exist all fine and I agree that the extra friction will probably does not create any market and therefor not justify the effort to implement it. But what if you cannot use your normal bank account anymore because they become more nasty (starting already from my observations - even non Bitcoiners get more troubles with closed accounts or blocked transactions). P2P payment is not a core business for normal banks and basically serving customers seems to be not their core business at all. P2P payment platforms thought are built to serve normal customers, they dont give out loans and do not play monopoly with central bank money. All those P2P payment methods have the policy that they must be only used between friends and family members (that why the allow chargback so easily). Of course that is not reality (AirBnB, Ebay,...) but it seems it works in reality for those use case good enough that their business model has not disappeared and seems to be even extending. With Bisq its different as a scammer has zero risk. With AirBnb or others there is usually always some kind of KYC included so scamming is harder. So the only way how we could enable it for Bisq (if/once needed) would be to add some extra security. Scammers usually don't like to risk anything (they are used to not trust anyone as they know how bad the world is looking each day into their mirror ;-)). So even the security of the proposed model is far from perfect, it might be good enough to work as a first step. As said it is just a rough idea and might be to insecure or flawed anyway. I just wanted to spread it, maybe it leads to something further idea and maybe we find a way how we can integrate the OCTP without a hardfork. It would be anyway strictly optional, so maybe it would be used only by a minority. We also added Face to Face trade even it has zero security from Bisq side and it seems it is used and there are not issues so far.

Btw: There are quite a few reputation bonds in Bisq locked up. I have no idea who has done those and for what they are used. But it seems some people have found some use case for it. We should not ignore that.

<img width="1161" alt="Screen Shot 2019-10-28 at 17 59 20" src="https://user-images.githubusercontent.com/54558767/67724889-7b505a00-f9ae-11e9-959a-b83b702dc542.png">
 



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