[bisq-network/proposals] Distribute trade fees paid in BTC to victims of the recent security issue (#205)

chimp1984 notifications at github.com
Fri Apr 10 15:36:11 UTC 2020

> * Overly complicated for one thing. (Sending and accounting for 1000s of tiny 5000 sat transactions?!)

No, its a random selection. Over time each get statistically the same. The fee is too small to split it up and that would require more code change.

> * Lack of control over the distribution process for another. 

That can be implemented. Atm the PR has a pure even distribution but using a weighting algo is rather trivial to add.

> And I reject the idea that it somehow wouldn't effect the price of BSQ.

It would as the BM buys less BSQ but it would have less effect than a sell-of from victims.

> An absence of buying (by the burning man) is the same as selling, as far as its effect on the price, they are equal.

See above comment. Theoretically yes, practically no.

> Unfortunately, this large loss is a dilution of the value of BSQ and therefore the exchange. 

The effect on the price will be only from BSQ sold on the market. Issuing locked up BSQ will have no direct effect as long demand is dominated by traders (and not value investors who might be more interested in the total number of BSQ longterm).  

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