[bisq-network/bisq] Bisq 2 social trading concept (Discussion #6011)
pazza
notifications at github.com
Mon Jan 31 23:31:08 CET 2022
I agree that it is right to make Bisq more accessible to newbies with no Bitcoin. Having this platform integrated in Bisq instead of Keybase / Matrix would be a positive move.
I also think the social trading model proposed will provide a high percentage of users with a positive user experience of using Bisq without worrying about having a security deposit available.
I think one aspect that should not be overlooked is that BTC Sellers might be choosing to sell BTC to new users in order to help onboard new users to Bisq / Bitcoin.
For BTC buyers looking to make payment with a less common payment method eg Amazon eGift Cards, or for a less common currency eg INR, I would not want a potential BTC seller to be put off from assisting the user by having to burn an amount of BSQ that might well exceed the profit they would make from a one-off trade.
Would it be possible to link the burning of BSQ to the volume traded.
Eg:
- When BTC Buyer submits feedback this counts as an amount required to be burned by the BTC Seller.
- If the BTC seller has burned more than the total BSQ required to be burnt then their feedback will be shown. If not it will be hidden.
I share the concerns raised by @alkum
Trading with new users brings with it increased risk that the users are unaware of trading rules. For example, I feel like small value transactions are more likely to get a reference to Bitcoin/Bisq etc in the reason for payment field.
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