[bisq-network/proposals] Trust-Minimizing Solution for Onboarding New Bisq Users Without BTC Ownership (Nocoiners) (#214)
dav1dpgit
notifications at github.com
Sat Apr 18 23:25:00 UTC 2020
> I think this requirement is a guarantee for failure.
>
> > Fixed price of +1% above market
>
> When someone is market making they need to be able to set the spread they want. I market make with over 10% spread in some payment methods that are even lower risk than this. For 1% I would never take this risk and I doubt anyone else would. It would be only charity.
>
> Likewise, if someone wants to do charity and put 0 spread. They should be able to. I think this constraint should just be removed as I don't see a point in it. The market is good enough to find its own spread ;)
I had the fixed price (to be set by the DAO and adjusted as necessary over time) because originally I was considering only one offer to be available for a given currency+settlement option at any given time. If only one offer is available someone could come in with a 1,000% markup to block the process; this could be done with a of 10% cap instead?
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