[bisq-network/proposals] Use Keybase to increase accessibility to Bisq for new traders with no funds for security deposit, trading and mining fees (#283)

pazza notifications at github.com
Sat Nov 28 02:55:19 CET 2020


> For onboarding users (buyers without BSQ bonding).
> if we want to try buyers without BSQ bonding for small quantities, maybe we could try something rather manual to get a feeling of how much demand there is for it. Only very experienced Bisq users would do this kind of sell offers (maybe initially a controlled group) and would coordinate with the buyer and require him some proof of ownership through the chat **before** disclosing their payment data to the buyer. We could pick up some old ideas such as a digital signature

This is what I had in mind for Keybase. Keep it Simple Stupid, KISS Principle. This would allow for a simple small trades to take place with minimum complexity.

I did not think past this initial step. First need to make sure there would be a market for small trades. I think there would be.  

> What I had in mind was a model where the buyer trusts the seller for small quantities. No deposits and no locked BTC.

It would be great to see your proposal for this. My idea for the moment is just to set something up quickly on Keybase to see if there is a market. If their is I think proposals likes yours and #268 are the next logical steps. 

### My Example of How a 0.007 BTC Trade would go on Keybase

Key: 👵 Seller   /    :princess: Buyer

---

:princess:  `I am looking to buy 0.007 BTC, I have Revolut`

👵 Hi, welcome to Bisq :) That is no problems I can do this for €90 if you send payment now. My Revolut ID is @pazza83 

:princess:  `Sent`

👵 Got it, DM me your Bisq BTC address. You can find it in 'Funds' under 'Fund your wallet'

(:princess: DMs Seller) `My BTC address is XXXXXXXXXXX`

(👵 DMs Buyer) Done should be with you in 10 mins here is the TX ID XXXXXXXXXXX

:princess:  `Thanks`

👵: No problems, happy trading :)

**End of trade**

---

**Trade time:** Less than 20 mins.
**POW:** The chat above!
**Security deposit:** Not required
**Trade amount:** Fixed at 0.007BTC
**Mediation required:** None

### What If's

- Trade goes well. Everyone is happy. Particularly Buyer who is has had a great first experience of the Bisq community.
- Buyer doesn't send payment, no problems seller doesn't send BTC. They are not bothered. This happens.
- Seller doesn't send BTC, Buyer calls out seller, Seller loses reputation and possibly bond 😞 This will likely never happen.

### Time require to implement this alternative trading protocol

One afternoon for v0.1. I can code this one myself 👍 


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