[bisq-network/proposals] Add Transferwise as new multi-currency payment method (#243)

chimp1984 notifications at github.com
Sat Oct 31 00:37:08 UTC 2020


> ...that I would likely utilize if it was implemented.

What would be the BSQ amount you would be willing to lock up? A main problem with the bonding idea is that I fear most ppl just don' want to lock up money, so it might not be really used. But no idea if thats true. 
There are 2 ideas basically:
1. For new traders who don't want to wait 2 months for getting the limits lifted, they could set up a BSQ bond covering the trade amount (e.g. if they want to trade 0.25 BTC they have to setup BSQ worth 0.25 BTC). This bond has a locktime for at least 2 month, so any chargeback (which happens usually rather fast) would lead to confiscation of that bond (by DAO voting).
2. Traders can signal they are Bisq supporters and trustworthy by locking up any amount of BSQ and show that in their offers. It will have some privacy implications as those offers are then clearly allocated to the same user (but the onion address and keys are also linking offers - an open issue we want to solve). The privacy issues though could be solved by some blinding machanism. So you wont see any details of the bond in the offer and cannot verify it, but the taker would verify it and trade would fail in case it was fake. We use a similar model for account age.

For first point I fear ppl dont want to lock up funds, so it might not be used. 


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