[bisq-network/proposals] Calculate the BSQ price rate for compensation and reimbursement requests from Burning Man trades (#269)

[chimp1984]

To use the market price (based on trade statistics which cannot be verified) for the BSQ/USD rate for compensation requests was a bad idea. We cannot fix that as a malicious actor could publish fake trade statistics in any manner which would be not detected if its done in a smart way (what we see here is at least not a covert manipulation). To use the offer price has the same problem. No guarantee that those offers are backed by real BTC and not just created for manipulation purpose.

The Burning man might be one solution but it adds more problems to the BM (requiring more trust) and we have plans to get rid of him.

What about another idea to use DAO voting to determine the BSQ/USD rate for the next cycle? It could be done via a generic proposal. The compensation maintainer could do that, to use the market rate which he sees realisitc (e.g. filter out such manipulation attempts) and suggest that rate. Theoretically there could be competing requests and the one which received the highest vote weight and support would be selected. But I guess its better to not over-use that and try to get consensus in Github before making the proposal.
The DAO stakeholders have incentive to keep BSQ rate fair. They do not want to dump or pump it as both would cause reputation damage and with that loss of the market value of BSQ.

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/269#issuecomment-715751571
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20201023/b4b868ed/attachment.html>