[bisq-network/proposals] Bisq 2.0 - Social Trading Expansion Proposal (#332)

pazza notifications at github.com
Mon May 31 14:42:46 CEST 2021


Thanks for the edits.

Here are my comments from you proposal https://github.com/Mentors4EDU/Bisq-Proposal#readme

> **Profile**
> The profile needs to have just the basics. What it will have will include a description, a link to website, and a button to view trade history. It will also include metrics in regards to percentages for YoY returns. There will be a follow trades button which the user can input a certain percentage such as the default commission being 5% or set a custom fee. The ability to chose between both fee and percentage can offer flexibility for many users.

A link to website and ability for others to view your trade history reduces privacy. As Bisq is P2P I am not sure why I would want someone following my trades, or how this would work in practice?

> Trade History
> Users can have the option between trading in real time or with a test network. Obviously, you only earn for real trades. There will be a tab for real time trades and test network trades. The tabs for trade history will only show entry and exit prices and percentages, it will not show how much money was put in order to encourage fair markets and a layer of anonymity.

What is it users earn?

> Ranking Mechanism
> The ranking mechanism should support fairness and decentralization. That is why profiles are going to be ranked on performance-based metrics rather than how many people are following their trades. 

Why would a user want to be ranked? If a user is ranked highly could that make them a target for LE? How does ranking preserve privacy?

I have not used any social trading platforms before such as etoro so maybe I am missing or confusing the point of a social trading platform. 

I think I am viewing social trading from the lens of how can Bisq improve the social experience whilst trading (chat, profiles, discussion etc) rather than how can the trading experience be made competitive.

Not sure how much my views can be helpful with the later as that is not something I would look to use Bisq for.

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