[bisq-network/proposals] Action Protocol for Mediators (#307)

[pazza]

> If it's the trader and not the bank who requires this info (with proper proof that the bank requires it) trader should lose all the security deposit. I'm not sure that, if banks are asking for it, traders would always have to be penalized as bank requirements can be very arbitrary.

For me it does not matter who is asking for it trader, or traders bank. Either way I think there should be an incentive to not ask for it and / or for trader to use another bank for their Bisq trades.

> Buyer loses 50% of of the trade amount. Buyer retains the rest of their security deposit." Buyer can't lose 50% of the trade amount unless they've used a 50% security deposit, which is not very frequent.

It is taken from the security deposit + trade amount. Therefore even with a 15 % deposit Buyer could lose 115% of the trade amount, assuming seller has received the fiat.

> We can't prove if buyer agreed to a certain payment reference as mediators don't have access to trading chat. Still, I agree that it should be penalized. bisq-network/bisq#5044

Agree this is not straight forward. Screen shots of Bisq should be ok for most cases I think. Most traders would likely agree there had been no agreement. I made this as now trade references have been removed I am getting some weird and wonderful references. Most of them are for services the buyer has decided to make up I have provided to them! 

> Seller does not release BTC in trade window" We still don't have a way to penalize late sellers. bisq-network/bisq#4162

Do you not think 2.5% per day being taken from the sellers security deposit would be appropriate? If it goes to arbitration they would lose the full deposit. So incentive is to accept 2.5%.

> Seller takes altcoin offer and then sends altcoin with a low fee that gets held up in the blockchain." Sellers don't send any altcoin payment, they just post trading and security amount at the fees recommended by Bisq client.

Thanks I agree. This was my mistake. It was left over from the 'BTC buyer issues' thinking specifically of selling BTC for BSQ and being sent BSQ with a fee that doesn't confirm for days.

> "Seller made a mistake they actually meant to buy not sell BTC, but offer was taken. | Seller has the option to complete the trade within the trade window. If they fail to do this Seller loses the following; 0-24 hours late: Seller loses 2.5% of the trade amount, 24-48 hours late: Seller loses 5% of the trade amount, 48-72 hours late: Seller loses 7.5% of the trade amount, 72-96 hours late: Seller loses 10% of the trade amount."
Losing 0.1BTC from a 1BTC alt trade when seller has opened mediation to communicate the mistake right after taking (or being taken) the offer is disproportionate to the damage done to the buyer, specially considering that sellers can't do future trading. Something like 2-5% of trade amount depending on the payment method, trade amount and price fluctuation would be better and it would not unnecessarily delay the trade as mediation could be done without delaying the mediation suggestion.

My example is the buyer that wants to buy BTC for -50% to market price, but they actually place an offer to sell BTC at -50% market price. I think if anyone comes and takes the trade of them the seller should complete or lose 10%. If the seller has made an offer close to market price they can complete with little penalty. This would give people second thoughts about making opportunistic offers.

I would be happy if it were less if a time limit was agreed for the amount of time a seller could back out of the offer and the exact penalty for doing so.

 



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