[bisq-network/proposals] Bisq revenue generated by BTC trading fees belong to the contributors (#207)
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Tue Apr 14 09:27:29 UTC 2020
> A trader creates value.
sorry, again: with _value_ I meant _work going into the Bisq software and processes_.
A speculative trader does not change the software. He just uses it.
> Bisq is desperate to have more traders in order to gain volume,...
yes of course. And there are markets in place to do so. FIAT, AltCoins, BTC. Also for the BSQ market, a trader creates value ie. "volume".
> "Wait for rates to develop in her favour" means being exposed to a tremendous amount risk
isn't that what traders do on every market? BTC, AltCoin, Stockmarket?
> So contributors are forced to be investors by not being able to sell larger amounts of BSQ.
Exactly. However, I monitored the market for quite some time now and they have to work hard to even sell small amounts of BSQ.
> But please also consider that not all contributors want to sell [snip]
Yes, I know. That is why the BSQ market still works somehow.
> Trade events are announced and contributors are welcome to compete for the best offer.
The process for a contributor basically is:
1. do work
- see if it is in the budget
- hope that it stays in the budget
1. put it up for compensation
- calculate the personal amount of BSQ to be requested
- by using a value gathered during months in the past
- so that one can have some reference to real spendable moneys (ie. USD)
1. try to sell it at a trade event
- compete against other contributors
- AND, as trade events are publicly announced, you may also compete against speculative traders
- drive the price down in the process
- decide on how cheap you will sell your working time and efforts in order to make a living
Compared to the real world where a you need to take on a loan from a bank, the process we have here would mean that the bank has to fight for payback? seems a bit odd.
> stop issuing debt to contributors and instead distribute only a share of available revenues.
given the circumstances we are in (https://github.com/bisq-network/proposals/issues/206), that would probably result in years of working for free. In other words, it is the situation we are in (minus the hope that BSQ will work).
> one other solution i thought was disabling buy side for some time experimentally
that means that the burning man has to set the price? Other than that, contributors and traders are still fighting against each other.
**to not drift too far off-topic**
I only suggested that revenue created by trading fees payed in BTC is exclusively routed to contributors.
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