[bisq-network/proposals] Decide on interest rate for BSQ bonds of bonded roles (#120)

chimp1984 notifications at github.com
Thu Sep 12 15:12:45 UTC 2019


@bodymindarts 
> If we give interest on the bond we are enforcing a 'rich-get-richer' type of economy instead of a meritocracy.

Bonds are for protecting roles which cannot be meaningfully decentralized from abuse. Roger Ver abusing the Bitcoin brand by running his bitcoin.com page and tricking people into BCH is such a case where it would have been good if he would had set up a 1M USD bond and the BTC community have confiscated him.
Bonds are not intended to earn money from interest rate. It just should compensate for locking up funds long term. BSQ can be expected to be more volatile in future as it is now. Not being able to trade in volatile time has a financial cost. This should be reflected by that interest rate. Maybe we should call it different if that creates wrong mental models. Bond lockup compensation or whatever...

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