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

Conza notifications at github.com
Tue Oct 13 02:13:14 UTC 2020


> > 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".
> 
> I think there is an objective measurement for value and that is the trade statistics. An offer which is never taken has no value. Bisq is for trading not a wishlist to santa claus for buying BTC at a super discount of 5000 USD. Specially if that wishlist has to be propagated by each node and causes costs paid by the network and not by the trader who paid a very low fee in case of a small trade amout, which is not in balance with the created costs for the network.

Thank you for confirming your economic illiteracy and inability to understand human action. There is no objective measurement of value. The value is that there is a standing offer for BTC to be taken at a certain price... YOU SUBJECTIVELY VALUE it as being too 'high'. Other's don't. At that moment you SEE it, but what is NOT SEEN (UNSEEN) are the offers that get snapped up or will do so eventually.  

As Pazza indicated above, his offers have been taken at 50%. You centrally planning / dictating what market rate is allowable involves price controls. Simple as that. Do you not understand the consequences of such actions? Clearly not, otherwise you wouldn't be proposing your 'solution'. 

If Bisq wants to die an irrelevant death, then it keeps implementing proposals such as this.. and keeps moving away from the ability for individuals to set whatever % they want for e.g. security deposit. I would very happily set 100% security deposit to signal I am 'sound and serious to trade, regardless of price movement' - yet that option is not available? I do not have the choice or ability to send that signal to sellers, when I am buying? Woeful. 

The "cost" to the network resulting from the unintended consequences of far less offers, liquidity etc. (all else being equal) would be far greater than any proposed gains (reduction in cost).

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