[bisq-network/proposals] Properly define trade limits (#264)

sqrrm notifications at github.com
Fri Oct 30 11:55:07 UTC 2020


@pazza83 Signing between traders happens after a successful trade with a seller that can sign and the buyer that isn't yet signed. For a market to have signing some accounts need to be signed by either an arbitrator or by some other means. This takes time and is likely disruptive to the market.

The data stored to track the signed accounts affects privacy negatively. It's not terrible, but clearly better if it can be avoided from a privacy perspective. You mention that the signed check mark feature inspires trust. I'm not really sure that's a good thing, we live in a world of "Don't trust, verify." Having said that, aged accounts could get some similar UI feature to show they are old enough.

### Suggested limits
>From the discussion I see no objections to removing all time limits for sellers, be they account age or account signing type. Buying will then have the following limits

#### Account aging
0-30 days old: 0.25 * MAX_LIMIT = 0.0625 BTC
30-60 days old: 0.5 * MAX_LIMIT = 0.125 BTC
\>60 days old: MAX_LIMIT = 0.25 BTC

#### Account signing
unsigned: 0.01 BTC
0-30 days since signing: 0.01 BTC
30-60 days since signing: 0.5 * MAX_LIMIT = 0.125 BTC
\>60 days since signing: MAX_LIMIT = 0.25 BTC

### Changing the minimum
The reason 0.01 BTC was chosen was to make it unprofitable to cash out stolen bank accounts. If we raise this too soon it might make it profitable again. I think keeping this value low enough to deter scammers only makes sense. The other option is to remove it and accept that there will be scams. I think that would be rather bad for Bisq's reputation.

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