[bisq-network/proposals] Reduce by half the min and max BTC limits to adjust fiat BTC price increase. (#295)

pazza notifications at github.com
Sat Jan 16 00:42:19 CET 2021


Thanks @MwithM for making this proposal. I think with the recent price increases rethinking the above fees is a good idea.

I agree with reducing the min security deposit to 0.003 BTC.  

I disagree with reducing the limit for unsigned traders. I think 0.01 BTC (300USD) should be kept. Reason being a reduction of 0.005 BTC (150USD) will cause mining fees to double in proportion to the trade amount and will cause a lot of new users complaining about Bisq being too expensive. It would likely also put more people off from trading. Segwit has been a fantastic implementation but also mempool activity has been a lot higher since it was implemented so the savings have not really been hitting peoples pocket.

With regards max trading limits, I am unsure about this. Ideally I would like to keep them as they are to maintain revenue for the DAO (BTC / BSQ denominated). If the long term goals is to reduce trading limits as BTC price increases then I think it will will also limit DAO revenue and, therefore, Bisq's growth. A profitable DAO would also also be better protected from errors.

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