[bisq-network/proposals] Burn BSQ to pay for trading fees (#281)

MwithM notifications at github.com
Tue Nov 17 13:15:20 CET 2020


I'd like to launch a different idea than the one exposed at #280. Both can be applied in parallel: 

Let traders burn a certain amount of BSQ to buy a kind of subscription fee that would allow them not to pay for any extra trading fees during a certain period (a week, a Bisq cycle...).
Prepaid fees would make income more predictable when regular traders use it, and would commit them to reach a certain amount of volume to make their expenditure profitable. That could increase trading volume which is one of the main concerns for new and old Bisq traders. Traders would also protect from BSQ volatility and it might have positive [privacy implications](https://github.com/bisq-network/proposals/issues/279#issuecomment-727649161).
>From a technical level, it seems that a certain period of time is more feasible to control for Bisq than trade volume, as using trade volume would have similar problems as found for implement Bisq v2.
I'm not aware that any trading platform has tried a subscription fee before, but it does not seem that bad. Depending on the price paid through burnt BSQ, it would act like poker rakeback for those players who generate a lot of volume for the poker room, or the reduction on fees that trading platforms apply to traders depending on fees paid, but in this case traders would need to pay in advance because Bisq can't follow trading activity for any user.

Sorry for not being more explicit about how to develop this, but I'm quite sure that this idea has not been properly discussed before.

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