[bisq-network/proposals] Distribute BTC fees to contributors of last DAO cycle (#305)

chimp1984 notifications at github.com
Thu Feb 4 18:46:23 CET 2021


> The proposal is a clever solution to how to equitably distribute btc fees, but I’m concerned it misaligns incentives. If I’m getting paid directly in btc, I don’t have much incentive to make it easy and attractive for users to acquire and use BSQ. If we were already in a place where btc fees were a small fraction of overall revenues, I’d be all for this. I think it might be premature to do it now.

I agree with your concern. But if the incentives are right now (they are I think) what explains the fact that after nearly 2 years DAO we have no clue about our revenue/finance? 

Nobody knows how much BSQ vs BTC fees are used. We even don't really know whats the real % we receive from trade volume. All we have is a guesstimate. If even contributors have no clue one can imagine why there is basically zero interest from people to consider BSQ as equity from an investment point of view. 

And commitment and motivation is sub-optimal in Bisq. The lack that this above major failure has not been resolved for so long is a clear evidence. Further there are many more open issues (and many things which have been solved over the past months have been pretty easy low hanging fruits) which have been dangling around since years as well. 

So my conclusion is that Bisq lacks of incentives (luckily it has improved a lot over that past weeks/months and with 2 new potential fulltime devs we are getting much better) and most contributors are treating it as hobby project on the side and the BSQ payment is not taken sereiously like a payment. 
And from my own experience when selling BSQ I have to confirm that the effort to sell larger amounts (due low liquidity) lead to the position to keep it as speculative long term investment but it does not feel like getting a real payment.

So my conclusion is the incentives are pretty bad as it is in the moment, not from theory but from observed reality.

Adding a part as BTC payment stream would increase those incentives IMO. I guess that many contributors who suddenly receive next to their 5000 BSQ payment a steady stream of maybe 0.1 BTC over a month will get much more motivation that this is something real today and not some potentially valuable equity in the future.
It would also reduce sell pressure for those who need to pay their bills as they might be able to cover that from the BTC part. 

But as stated above we have to be clear that this never must become worse at it is today (if my numbers are right we only have 25% of fees paid in BSQ). But I think there are enough stewards in the poroject who understand the reasons and have enough stake to take care of that. 


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