[bisq-network/proposals] Bisq 2.0 - A simplified DEX (working title Sisq) (#331)

Félix notifications at github.com
Sat May 1 13:35:18 CEST 2021


My idea of a perfect #DEX is based on an open market, bazaar or souk: part improvised and spontaneous, but also part organized. Based on a complex tangle of property rights, customs and spontaneous order.

Not completely anonymous... but 99% of interactions are between strangers.

![image](https://user-images.githubusercontent.com/4233784/116781200-c5256f00-aa81-11eb-97de-26ea72d9621c.png)

Most transactions are simple exchange and fully completed in an instant. No need for paperwork or identity. No need for a complex record-keeping system. Some merchants have known identity and care about reputation and return business. Others will be here today and gone tomorrow, picking up their tent and going to another market town. Interactions are visual and simple. Little knowledge is needed to enter the bazaar. A child can buy or sell as long as they understand money and prices. 

Payments are instant. Buyer hands over the money, merchant hands over the goods.

Maybe there is a bit of haggling over price, discussion of the product, questions about payment method or even exchange rate (tourists)... but once the money changes hands it's done and done. 

What recourse does the buyer have if unhappy with the product? Most of the time little... but they can always raise hell, make noise and scare away other clients (reputation), loudly demand restitution or even threaten to call the police... It is a bit of a miracle that it all works as well as it does tbh. There is surprisingly little need for dispute resolution in most bazaars.

Most purchases are for small value items.

For larger value (a carpet? furniture?) merchant reputation becomes important.

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