[bisq-network/proposals] Bisq revenue generated by BTC trading fees belong to the contributors (#207)

MwithM notifications at github.com
Mon Apr 13 13:55:06 UTC 2020


> We saw in late 2019 what happens if contributors dump BSQ - the price crashed. Enough to trigger a management change. And the amounts where very small back then (100k?) It is bound to happen again - we just do not know when it will appen.

I see it the other way. I sold BSQ near to that time, because of lack of management, BSQ inflation was too high. I bought back some when the budget system started.

>Which means that compensation requests get higher and higher and we risk for inflation taking over uncontrollably. Given a high enough inflation, we might risk big stakeholders leaving the project - by dumping their BSQ which might be the end of Bisq.

What keeps BSQ creation into reasonable limits is that their holders will vote what's best for the BSQ they're holding. That is, not inflating BSQ monetary mass.

>We cannot undo issuing the hundreds of thousands of BSQ that already have been issued in the past. 
Maybe the initial price of 1BSQ=1USD was too high. I don't know andwe cannot get back.  To know that, we just need to keep the BSQ market flow, and removing the liquidity that burningman provides to it is not a good idea.

>Well, if Bisq is willing to give its revenue to traders instead of its contributors, then Bisq must be transitioned to a free trading platform which requires no trading fees at all (because the fees are paid for by Bisq revenue anyways).
I think that BSQ can be traded anywhere (is not possible to stop people from buy and sell it), and in fact that would be good for BSQ contributors and users, as there would be more liquidity to buy or sell when they want to. I would oppose to pay listing fees for it, though.

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