[bisq-network/events] Keybase meeting Thursday, April 22nd 21h00 UTC (#38)

[m52go]

## a. bsq privacy

privacy-wise, bsq inherits all issues of btc.
- coinjoins cannot work since it must be possible to follow tokens
- moving to another chain like liquid may be workable but may be difficult with all the functions the bsq token has
- this decision may become forced (not optional) as fees go up
- in interim, best solution is to simply advise users how to protect privacy when using bisq dao

liquid seems to be a strong contender, but there is general hesitation at the thought of basing the bisq network on a federated network.

points:
- l-btc is very similar to btc
- confidential transactions make liquid more private than btc
- listing new assets is permissionless
- if bsq were to become a liquid asset, no value would actually be stored on the liquid (it would just be used as a ledger keeping track of consensus from bisq network)

so there are 2 distinct issues: moving bsq off-chain, and movnig the bisq trade protocol off-chain.

regarding next evolution of bisq trade protocol, a lot has been said, but little has been done so far:
- lots of ideas but none have been complete and compelling enough to warrant implementing
- see chimp's write-up for reference (https://github.com/bisq-network/bisq/discussions/5430)
- see wiz's proposal for adding l-btc as base currency (https://github.com/bisq-network/proposals/issues/198)

even with an l-btc-based bisq trade protocol, every trade would still require an on-chain btc transaction to exchange l-btc for btc, so what's the advantage?
- bisq can run an l-btc-to-lightning swap service, so on-chain transactions would never be necessary

two core bisq contributors volunteered to work together on integrating l-btc as a base currency (!) and creating proof-of-concept to see if all desired functionality is possible.

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## b. better way to gather the trading fees and get rid of the burning man role

[conversation was brief since last topic ran long, and points were scattered]

bloom filters are problematic for privacy

moving bsq and trade protocol to l-btc may make it possible to collect all trade fees in bsq

as long as btc is used for trade collateral, donation address will be hard to remove -- simply moving to another chain won't solve this issue. it can be seen as one of the biggest issues with bisq right now.

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