[bisq-network/bisq] Adopt fee model to de-incentivize offers with huge market price distance (#4630)

Conza notifications at github.com
Tue Oct 13 00:14:57 UTC 2020


"I think we need to re-introduce some mechanism to de-incentivize such offers which add no real value to Bisq but adds costs to each node"

I think you need to understand that value is subjective, and that there is obviously a point for those who make an offer you subjectively perceive as "too high above market rate". Demonstrated preference. 

Increasing liquidity & competition would go a long way to indicate what % best clears the market. Incentivising trades that completed sooner rather than later if anything was to be done would be best. Anything other is worse and should not be considered further.

Fee model for certain % would then prohibit changing trades, otherwise why not have low initial % then just change after fee is paid? Woeful idea.

The cost paid in an economic sense is the time X's funds are tied up. Any timed trades disincentivise trading on Bisq to begin with i.e. AUD market or newer ones, why make offers when risk is noone takes them, they lapse and then you have to pay fees again? Talk about warped proposal. 

Underlying issue is lack of liquidity imo. Folks put high % because they think they can get away with in that market i.e. someone will accept at one point. 

Would segwit reduce network "cost"? 

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