[bisq-network/bisq] Add 'low priority' payment account type to BSQ (#5153)

pazza notifications at github.com
Thu Feb 11 04:50:02 CET 2021


Thanks for the detailed response.

I calculate it currently costs a new user ~$660 USD to begin trading with Bisq assuming they want to sign an account and pay fees in BSQ. I think this is a big jump for a new user that has not used Bisq before. It might also be one of the reasons more users pay trade fees with BTC.

$270 - for 0.006 BTC security deposit
$260 - for 100 BSQ for paying for trade fees 
$120 - for 0.0025 btc to get account signed (10% markup)
£10 - for miner fees 

> But as there is no trivial solution a complex solution will come with costs/risks and its they question if the balance is justified. E.g. If we find a payment solution for those and developing that costs us 50k USD but total sum of those small amount BSQ purchases is about 5000 USD per year, its not justified IMO. Tp pay in BTC the fee and use the burningman is already a potential solution in place. Not perfect but maybe good enough for now?

I look at it from the perspective of user acquisition. Yes, those individual trades might only be 5000 USD per year. But how many of those traders would then go on to be active on the platform. The 5000 USD in this instance is the cost they pay to buy BSQ, hopefully understand a little more about the DAO, Bisq and BSQ, and become future traders. 

Also the add 'low priority' payment account types proposed would not cost very much to implement :)

I appreciate it is not an ideal solution but maybe could be a stop gap solution to users complaining it is impossible to get their first BSQ. As could the proposal [Improve BSQ accessibility through OTC market and bonded reputation](https://github.com/bisq-network/proposals/issues/308#issuecomment-775657482) 

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