[bisq-network/proposals] Reduce minimum required security deposit (#323)

HEADY_WOOK notifications at github.com
Wed Mar 24 04:05:54 CET 2021


> I totally agree with this proposal and I think it should be implement ASAP to not lose market participants.
> I also agree with the fact that we should not get rid of a minimum deposit for the reasons exposed above.
> 
> Final thought: what do you think about establishing a USD value for minimum deposit (e.g. $50 USD) that automatically converts to BTC? Just to avoid that future volatility will affect minimum deposit and we spend weeks to open a new proposals.
> It is not necessary to do this in real time (better though), maybe it is enough to do recalculate this value at each release with simple maths and hardcode the new value this way.

Using fiat won't work if price goes up. It sounds like a fixed fiat amount is being suggested? If that is the case and price does increase then it would create incentive to cheat because the fiat value of the security deposit is so small.

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/323#issuecomment-805451287
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20210323/a1ff5828/attachment-0001.htm>


More information about the bisq-github mailing list