[bisq-network/proposals] Distribute trade fee in BTC by using proof of burn (#317)

chimp1984 notifications at github.com
Wed Mar 3 05:30:15 CET 2021


> _This is a Bisq Network proposal. Please familiarize yourself with the [submission and review process](https://docs.bisq.network/proposals.html)._

Alternatively to #316 we could use the proof of burn feature to reduce the role of the burningman to distribute the BTC fee back to the DAO.
That way we delegate the role of the burningman to receive BTC, buy BSQ and burn BSQ to the BSQ stakeholders. They can burn their BSQ themself and receive BTC fee payments in return.

Any BSQ stakeholder can burn an arbitrary amount of BSQ and add a second BTC change address which defines the receiver address for trade fees in BTC.
Traders collect all proof of burn transactions and select probalistically the receiver. 

This simple version would not have any mechanism for a "conversion rate" so the burned BSQ could be over or under paid depending on the competition of how much BSQ get burned in total to the BTC fee volume. 
There could be a decay algorithm built in so that old POB txs get lower probability.

To model a more exact pricing seems to be problematic.



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