[bisq-network/proposals] Develop a network of Bisq merchants by adding conditional orders (#123)

adolfo contreras notifications at github.com
Fri Sep 20 11:57:35 UTC 2019


Thanks for your feedback first of all :)

> The main concern I have is that stores will be sooner or later required by local agencies to ask for KYC/AML. Keeping the offers in a private way is better vs a business level, specially considering the privacy level you can achieve with this payment method.

Yes, but bear in mind that two things happen: 

- In the case of small stores I believe it is close to unenforceable preventing a store owner from running a piece of software in his PC and 
- Secondly, this could only be (close to) problematic in Western countries where the taxman has nothing better to do than bothering entrepreneurs. In developing countries this shouldn't be an issue.

> An offer saying "Joe's Bar tue-sun 10:00 23:00h" allows you to accept the offer and go there the same day, and that's an advantage. Waiting another trade to be completed before the buyer gets the bitcoins doesn't make much sense to me. If buyer doesn't show up at the store, does the store have any right to return the btc to seller? I know bonds would make this situation improbable, but I want to make the point that a contract between two parts and a mediator is easier to manage than a contract between three parts and a mediator.

With regards to the offer you mention, it would never be available publicly if the conditional order is enabled, because in order to show up, the buying part of the trade should happen as well. 

So summarizing, if I'm a store owner my selling order would be something like "Joe's Bar tue-sun 10-23 0,25btc for $2500" but it would never show up in the order book if a buying order to "John Smith" hasn't happened automatically, paying the store to John Smith for example $2375 for those 0,25btc. That's why implementing a conditional order is critical to make this happen.
> 
> The Opendime option looks great, if 2of2 multisig option becomes available. Bisq can't know if the Opendime was exchanged for cash or not. Arbitrarion looks impossible, so Mutual Assured Destruction protocol is the best for these kind of trades.

But with opendime the buyer just needs to get it and quickly check that the balance in the opendime's bitcoin address is right, and walk away with his opendime with its bitcoins.



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