[bisq-network/proposals] Use Keybase to increase accessibility to Bisq for new traders with no funds for security deposit, trading and mining fees (#283)

[chimp1984]

Actually, I think using "Proof of Burn" (PoB) is better here instead of BSQ bond. 
With burning a certain amount of BSQ the sellers are "buying" reputation and if that is repeated each months (like a access fee) their reputation builds up. Doing a long con scam would destroy all that accumulated reputation. The longer a seller has paid the fee the higher his potential loss is.
That would avoid completely the problematics with confiscating a BSQ and providing proof and revealing potentially private data in that process.

If the fee is fixed or can be self-defined is an open question. 
There need to be an easy way for the buyer to see how much BSQ (also in USD terms) the seller has already invested in their reputation. If a new seller wants to invest more to get more trades or start slowly can be left flexible. Maybe a min. access fee/month would be good, also to ensure that those sellers are maintaining the channel. At the end the fee is transferred via the price to the buyer, so for more security (higher reputation/higher accumulated BSQ fee paid) a higher price is justified. Buyers taking an offer from a seller with min. reputation run a higher risk. That simple model need to be communicated well. I think it is also much easier to understand for those who have no idea about the DAO. 

The main problem might be that initially the security would be weak as seller likely do not want to burn 100s or 1000s of BSQ.
So a burned BSQ would not cover even a single trade. After a while that might be mitigated. E.g. if fee is 50 BSQ each months, in 6 months its 300 BSQ so should cover at least 1 trade. Still not very strong but maybe acceptable.

@pazza83  What do you think about that idea? What do you think a seller would be willing to burn initially to get started?
Maybe that model is too expensive for the seller to work ;-( ? Maybe we should combine bond and PoB, where the bond can be revoked once the PoB amount is sufficiently high? So bond is for bootstrapping and PoB is for long term? But making the simple model more complicated...


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