[bisq-network/proposals] Reduce maximum trade size for unsigned payment accounts (#322)

m52go notifications at github.com
Sun Mar 21 22:04:26 CET 2021


Nothing about this proposal is theoretical...allowing trades larger than 100 USD without safeguards was a problem in the past which almost crippled the network. I don't remember the exact figures but I believe some of the chargebacks in early 2019 were for smaller 300-400 USD amounts. **To give you an idea of the extent of the impact that attack had on the network: all new users were barred from trading more than 0.01 BTC for 6+ months of 2019.** Talk about rough onboarding.

The fact that a similar sort of crisis hasn't happened yet (in the past couple of months since the BTC price pop) is just a matter of sheer dumb luck.

Ideas to improve the current mechanism should be devised and discussed, but it doesn't make sense to hold off on this change since no firm ideas to improve the status quo are close to being rolled out.

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