[bisq-network/proposals] Repay victims of the April 2020 security incident using BTC trading fees (#209)

[tk]

I am one of the victims and I hope to receive the exact amount of BTC I lost.
(not the USD value of funds I lost at the time of theft)

> it is not possible for the DAO to promise to repay victims the exact amount of BTC they lost. Given a significant increase in the value of BTC, it could become effectively impossible for the DAO to complete repayment

I think that Bisq's monthly revenue in BTC will not down when BTC price pumps.

(I talk on the premise that Bisq's monthly revenue will increase when the trading volume increase)

There is no obvious negative correlation with BTC price and Bisq trading volume.
Therefore, it can be said that Bisq's monthly revenue in BTC is not always down when BTC price pumps.
On the contrary, Bisq's monthly revenue in BTC increased when BTC price was up in the last year(e.g. last June to August).

as to XMR/BTC market:
XMR/BTC trading volume accounts for a large portion of Bisq's trading volume this year.
This is just my guess but BTC/USD price does not affect XMR/BTC trading volume because XMR sellers always hold BTC and only care about XMR premium price( they mainly seek arbitrage opportunities ).

Here are BTC's monthly average price and Bisq's monthly trading volume in BTC since Jan 2019.

| Month |  BTC average price(in USD) |  Bisq’s trading volume(in BTC) |  XMR/BTC trading volume(in BTC) |
| --- | --- | --- | --- |
| 2020/3 | 6951 | 476 | 326 |
| 2020/2 | 9661 | 563 | 473 |
| 2020/1 | 8297 | 320 | 233 |
| 2019/12 | 7260 | 401 | 320 |
| 2019/11 | 8391 | 459 | 374 |
| 2019/10 | 8348 | 518 | 382 |
| 2019/9 | 9838 | 1122 | 914 |
| 2019/8 | 10646 | 2498 | 2428 |
| 2019/7 | 10698 | 1624 | 1556 |
| 2019/6 | 9333 | 2850 | 2773 |
| 2019/5 | 7191 | 1018 | 940 |
| 2019/4 | 5118 | 1349 | 1235 |
| 2019/3 | 3930 | 464 | 356 |
| 2019/2 | 3675 | 657 | 558 |
| 2019/1 | 3661 | 962 | 651 |

source of BTC average price: https://www.coingecko.com/en/coins/bitcoin/historical_data/usd?start_date=2019-01-01&end_date=2020-04-14


Still, there is a possibility that Bisq's monthly revenue drops significantly in the future.
But I am fine if my monthly repayment amount drops when Bisq's monthly revenue drops.

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/209#issuecomment-613386563
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20200414/0b38cb31/attachment.html>