[bisq-network/bisq] Updates to 'Edit Offer' to allow for change of market and payment method (#4720)
pazza
notifications at github.com
Wed Oct 28 01:53:30 UTC 2020
### Description
Currently on Bisq when editing on an offer your are able the following:
- Deviation from market price
- Fixed price for BTC
I would be useful for those making offers on Bisq if they could also edit the following:
- Market (eg XMR/BTC, EUR BTC etc)
- Payment method
Here are some practical use cases I see as reasons for enabling editing of the market and payment method as follows:
- New Swiss Bisq user trying to sell 0.01 BTC for Swiss Francs using a National Bank will likely not get any trades due to low liquidity. If they can edit the offer to instead sell 0.01 BTC for Euros using SEPA they would likely be able to complete a trade. The option currently is they cancel the trade and lose mining and trade fees.
- EU based Bisq with multiple offers to sell 0.01 BTC using Revolut might have receive a 'proof of funds request'. Rather than cancel all their offers, losing mining and trade fees, they could edit them to sell using their SEPA account.
- US based trader with offer to buy 0.25 BTC for cash gets no offers and wants to edit offer to US Postal Money Order.
- UK based trader with 3 offers to buy 0.25 BTC with Faster Payments. One offer is taken, bank ask buyer to provide more information about seller. Buyer refuses. Bank places funds on hold. Buyer is frustrated and would like to edit offer to one of their other banks without losing out on trader fees / mining fees.
- Bisq contributor with 0.15 BTC tied up in deposit for selling 1 BTC's worth of BSQ wants to take advantage of a drop in the price of BTC and move their offer of buy BTC from BSQ/BTC to a Fiat/BTC market. It would be good if they did not have to pay new trade and miner fees, especially if the mempool is busy.
It would be great if both changes could be implemented. In terms of use cases I think the editing of 'Payment Method' would get much more use than the editing of 'Market'
Being able to edit more aspects of the offer would make users be more engaged in the process. It would also likely lead to less 'set and forget' types of offers that @sqrrm and @chimp1984 have commented on Keybase and here as adding unnecessarily to the resources Bisq requires.
In summary I see the proposed updates as:
- Improving user experience for Bisq trade makers
- Decreasing the possibility of lost fees for Bisq trade makers
- Increasing the right sort of liquidity (that which is taken quickly)
- Decreasing the number of trades on Bisq which never get taken and therefore requiring less resources
- Encourages more people to put on maker offers, more liquidity as a whole
#### Version
1.4.2
### Steps to reproduce
Bisq client > Portfolio > 'click on the pencil next to the offer'
### Current 'Edit offer' section
### Proposed 'Edit offer' section
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https://github.com/bisq-network/bisq/issues/4720
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