[bisq-network/proposals] Action Protocol for Mediators (#237)

leo816 notifications at github.com
Wed Jul 22 11:08:57 UTC 2020


> How does the system do this:

@clearwater-trust The system does this two ways: 1) both parties accept the proposal 2) one of the parties doesn't accept, the trade goes into arbitration and the refund agent applies this action protocol given the situation.
On scenario n2 the funds come from the refund agent, and he is reimbursed after the funds from the trade go to the donation address.

> How are sellers' penalties going to be enforced?
@MwithM good question, this penalties can be enforced because its premise is that one of the parties will disagree with the mediation proposal. Therefore if the seller, for example, decides to reject the mediation proposal, the trade will eventually go into arbitration and the refund agent can enforce the penalty making the payout as he does normally.
The issue here is with a different scenario. When the seller doesn't respond/confirm the payment, he could still potentially have the buyer waiting 10-15 days before confirming and incur in no penalty whatsoever. This is what needs to be solved right now. Any ideas are welcome.

> I think that suggesting someone to accept a 100% of deposit loss is the same as sending it to arbitration. It's probably better also for the victim to suggest something like 75% so the part who broke the protocol has incentives to accept the mediation and the victim will get the BTC earlier.

I like this idea, just updated the proposal. In a way this was already the case 

> (keep in mind that it the seller will never lose 100% if the deposit because a fraction will always go back to him as we have had issues in the past with previous versions)

for example in a 0.01 btc trade, a 0.006 deposit is set. The mediator can only propose a 0.003 btc minimum to go back to the seller, he can't set it any lower. So this action protocol may not always be applied but can be left as the standard for mediators to get close to.

> Just to clarify: point 3 doesn't affect to altcoins trading, right? I mean, buyers can send from any address and as long as the quantity is ok, it will be valid.

that's right, this is referring to bank addresses.

> It would also be good to have a protocol for arbitration here

good idea, will work on that next

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