[bisq-network/proposals] Proposal to increase trade deposit to 30% (#233)
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Mon Jun 29 15:09:20 UTC 2020
> I like your suggestion to add a "cancel trade" button! As a mediator, I feel this would reduce the majority of cases, as users would be able to resolve it themselves. However, to financially incentivize the buyer to actually press the button, they would need to be able to recover some of their deposit back, which I feel should should start at 50% and go down to 0% over time until the timelock expires and arbitration is possible. It can be calculated in realtime and displayed as an option to the buyer.
Yes I agree that would be a good option, and refunding a part of the deposit is important to give incentive to use the feature (as well mediators cannot do a payout suggestion with 0 BTC for one side to incentivise them to accept the suggestion). The current refund might be too small though (or overall deposit too small).
I think that would solve quite a few cases as it would incentivise future traders to accept a small loss instead risking to go to arbitration and experience a larger loss. So our main problem of having too many cases would get support. Future trades would still happen but would turn more into a supported feature which might be easier to handle than a weakness in the protocol which we cannot avoid easily with punishment.
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