[bisq-network/bisq] Add "Cash by mail" as a payment option (#1101)

James Cox notifications at github.com
Thu Nov 12 17:14:59 CET 2020


I don't understand why someone would want "revenge on anyone who advertises to the public".  Maybe if it was costless, but under MAD it costs the security deposit, and security deposits should be 5x or so more than the amount being traded.

For example: Alice, creates an offer to sell 0.01 BTC with 500% security deposit.  Bob takes offer & pays in the same amount of security deposit (0.05 BTC).  If Bob chooses to not honor the trade, he loses close to the same as Alice does (-0.05 vs Alice -0.06).  If Alice receives the cash and chooses not to honor the trade, its a huge net loss for her too (-0.05 vs Bob -0.05).  The key is deposits are larger than the trade amount.  They are incentivized to behave - you can't go round scamming people if you lose that much capital each time.

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