[bisq-network/proposals] Used burned BSQ to become a fee receiver (Issue #359)

[pazza]

Hi @chimp1984 thanks for the follow up explanation it helped explain how you anticipate it working in practice.

Would there would be a deadline for users to burn BSQ by if they wished to receive trade fees for the following cycle? And that the current amount of BSQ burned would be known by any potential participant? 

I like that your idea removes the centralization of burningman and offers another way for people with BSQ to convert any amount of BSQ to BTC (or potentially something else). 

You mention risks to the user, but I think there are also some risks to the DAO. 

Users (BSQ burners) make profit = DAO makes loss (inflation as users underpaid).
Users (BSQ burners) make loss = DAO makes profit (deflation as users overpaid).

I think you are right that a balance would be achieved over time.

-- 
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/359#issuecomment-1022666753
You are receiving this because you are subscribed to this thread.

Message ID: <bisq-network/proposals/issues/359/1022666753 at github.com>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20220126/4bbebfb4/attachment.htm>