[bisq-network/proposals] Proposal to increase trade deposit to 30% (#233)

FĂ©lix notifications at github.com
Tue Jun 30 14:33:22 UTC 2020


@clearwater-trust  Ignoring your ad-hominems and dismissive tone and moving past it to focus on the arguments...

10 years of experience in Bitcoin shows that every single exchange, be it centralized or P2P, has been pressured to become regulated or forced to close the moment that their volume became sufficient to merit attention. Being a DAO affords _some_ protection, but it is not a complete safeguard. The day a terrorist is caught using Bisq there will be headlines and there will be massive regulator scrutiny. As Bisq grows to 100.000s of users the probability of a bad actor being among them approaches 1.

100s of years of contract law shows what even with recourse to human judges and arbitration, the simpler and clearer a contract is, the easier it is to enforce and the less need for dispute resolution. Since the problem here as referenced by @sqrrm at the top is too many disputes... I think that simplifying and clarifying the Bisq contract is a good direction to go regardless of whether an ultimate goal of full disintermediation can be reached.

_If_ it could be reached (I'm definitely not certain that it can and have no blind faith in perfect code) it would be very superior to a system with TTP. Even if it can only be partially reached (say 99% of cases are automatic and only 1% of disputes require TTP intervention) it would still be a major breakthrough.

In fact Bisq already achieves over 95% P2P trades without requiring mediation or arbitration. 1 arbitration case a day is a huge success. If we can get it down to 0.1% we would have gained a lot.

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