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

MwithM notifications at github.com
Tue Dec 29 20:58:18 CET 2020


> 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.

In this model, the BSQ to protect buyers are burned when there is no use for them anymore, after 6 months of repeated trades without issues. If you're going to scam Bisq buyers and the DAO, specially when limits for number and volume of trades are applied, you're going to do it as soon as possible.
A mixed model where bond is lower and volume can grow after a few months burning BSQ feels more secure, but is more complex. A fixed amount of locked BSQ that covers trading volume all the time is good enough IMO.

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