[bisq-network/proposals] Cap max reimbursement from peers security deposit (#292)

pazza notifications at github.com
Tue Feb 2 02:54:04 CET 2021


> How did you lose money? The trader owed you 2 BTC last month, and now you will receive 2.3 BTC from Bisq. Maybe not having access to your capital cost you some amount of money but you earned ~15% on that 2 BTC in a few weeks/months by just waiting (still) to receive the BTC.

They will not receive 2.3 BTC from Bisq. They will receive a compensation in BSQ, which due to volatility could be a good or bad thing for them.

> However, I do agree that you should receive the security deposit from the defaulting trader, especially since that has always been the Bisq policy.

I agree. Also I am not sure where it is documented on Bisq that trades over a certain amount are compensated in BSQ? 

From: https://bisq.wiki/Dispute_resolution#Level_3:_Arbitration

> Practically, here’s how arbitration works:
> 
> If you’re dissatisfied with the mediator’s suggestion and sure you are entitled to a better outcome, publish the time-locked transaction as soon as it’s possible and request arbitration.
> 1. Collaborate with the arbitrator to clarify the details of your case.
> 2. If the arbitrator sides with you, they will personally reimburse you.
> 3. The arbitrator will then request reimbursement from the Bisq DAO for the reimbursements they’ve paid. This isn’t something you need to worry about as a trader, but it’s good to know how the process works on both sides.
> 4. Arbitrators are required to respond to messages within 5 days, so it may take a bit longer for them to respond than mediators (you should still respond to messages within 2 days).

No information saying "2. If the arbitrator sides with you, they will personally reimburse you, unless it is over 0.5 BTC, in which case you will need to seek compensation from the DAO"

If traders are compensated in what they were trading in the first place it limits the risk of BSQ volatility to both the trader and Bisq. The refund agent would still have to pick up this volatility, but that is part of their role.

If the arbitrator / refund agent cannot make payments due to a security risk maybe refunds could be spread over a number of cycles?

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