[bisq-network/proposals] Replace the role of Refund Agent with a new team of Arbitrators that can together publish one of several pre-signed 2 of 2 multisig timelocked payout transactions as proposed by a Mediator (#220)

initCCG notifications at github.com
Sun Oct 25 22:53:53 UTC 2020


TLDR: Since after 4 years and the DAO, it's still down to proposals of 3 of 5 arbitrators - some of them known founders and devs - perhaps it's time to approach outsiders in escrow business for new ideas and arbitration diversity. There is a thread of reputable, long-standing escrow agents on BitcoinTalk; maybe some might have innovative suggestions or would even get engaged to arbitrate and free the devs for development?  Perhaps, a BSQ bounty to advance over some obstacles, such as this one?

(Problem seems bigger than RA issue. To ordinary outsiders, seems clear that this part of Bisq is still centralized around the same original people and so by necessity and youth is the DAO. Is the part of it with the decisive voting power and consistent engagement still not much more than the devs who made it, and rightfully continue to earn most of the BSQ?

>From the users' perspective, increasing protocol complexity is one of the things repelling old and new users in our experience, especially those who don't know English. All the steps, rules and limitations started making it seem like dealing with the legacy banking system and PayPal. Some payment methods have been  driven out of use. 
A good example is that right now, there are exactly 3 users in the whole world that have  Cash Deposit offers on Bisq. From our experience, it's likely that the new rules don't allow one of them to take the offer of the other, even though the accounts are not new. CD is one of the most common payment methods in our regions of the world with billions of people, but no longer on Bisq. 

So many mediocre, nothing-new exchanges appeared years after Bisq, and outscaled it within a few months or a year. If we are still trying to find a way to scale key parts, such as final arbitration, seems that either the whole idea of a decentralized exchange can't scale, or more likely some new ideas are needed from the broader cryptosphere.
I'm sorry that we are not smart enough to suggest technical solutions. :( 
Nevertheless, as active users and grassroots promoters of Bisq in several regions and markets, we can testify that the trading protocol changes since the DAO don't seem to be the way to scale or increase the user base. Until there are some, perhaps, best to go back to the original arbitration protocol. Bisq is not under any clear and present threat of any attack on the arbitrators to go after a few percent of a few percent of disputed funds of the overall DeFi market.)

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