[bisq-network/compensation] BSQ rate for Cycle 22 is 1.21 USD per 1 BSQ (#782)

spx4000 notifications at github.com
Thu Feb 11 15:14:34 CET 2021


Lots of good points on this thread, but if the DAO wants to change from 90 day average, at least pick a time where the 30 day and the 90 day are equal to each other.

Some seem to forget that it was approximately 1 year of the 90 day BSQ average falling, and contributors were not able to sell at the rate that they requested.  The price slowly fell from 10,000 sats to 9,000 to 8000, 7000, 6000, 5000, 4000, 3000, 2000 and then bounced back.  Again it slowly fell all the way back to 3000 as recently as December.  Every contributor bore this hidden cost and I don't see how now that the coin flipped in their favor and the BSQ market is stronger, one could suggest to change the compensation calculation for the **express purpose** of lowering everyone's pay.

I also doubt that the BSQ market is quite as strong as is claimed in this thread, as there was an entire missing cycle of BSQ that couldn't be sold about one month ago.  I anticipate the BSQ price to fall quite a bit once everyone actually gets paid and needs to sell BSQ this week.

Just wait 90 days and the current market price will be reflected!

Seems this tendency towards micromanagement is recurring in the bisq project, as there was quite a discussion over the proper adjustment timing for the BSQ fees when someone wasn't happy with the discount % level.

This desire to tweak the outcomes of a market based function is natural but it should be resisted.  Maybe a market doesn't work as intended and something does need to be changed sometimes.  But this particular "fix" just seems to be an overreaction to a fairly unique situation where the DAO failed for a full cycle and collateral damage for cycle 22, and there was no BSQ hitting the market during a time of increased demand.

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