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

MwithM notifications at github.com
Thu Jan 27 09:18:28 CET 2022


>So that will require that fee-collectors choose if they want L-BTC or USDT or both and do 2 x BSQ burning.
>For niche markets there might be different treatments. Either no fee or longer time scopes to avoid frictions. E.g if you want to be fee collector for Doge then you might have 3 or 6 cycles instead of 1 cycle... many open details but I think that is all manageable. Tiny amounts of fees are probably not worth to worry about....

I thought there would be 1 single pool for all trading fees, so any participant would burn BSQ and provide a myriad of cryptocurrencies addresses to receive the trading fees. 
Burning BSQ to get one single niche coin would create too much friction. Maybe a couple pools, one for main currencies (with shorter time scope) and another for niche (larger) would be ok.

> One option to avoid that everyone tries to wait until the last block to get more information would be to weight the share with the block height.

What about using a blind bid phase similar to the blind vote and vote reveal phase? Is it technically feasible or I don't understand how exactly blind votes work? It would probably require more time for the market to adjust their bids, but it's easier to understand and seems harder to play tricky games.
For example, I imagine that with the weighted solution there could be a race to be the first to burn BSQ at the first block.

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