[bisq-network/proposals] Have a clearly defined process for how Burning man trades BTC from donation and trade fee addresses for BSQ (Issue #367)

MwithM notifications at github.com
Thu Mar 3 23:03:39 CET 2022


I prefer the laissez-faire option, but with some more transparency.
AFAIK, now burningman just takes best sell BSQ offers.
I think that as long as burningman announces an estimate amount of BTC planned to sell, then the market will adjust to that: more BTC buyers will place offers if burningman announces having a lot of BTC to sell. 
Usually there's a lot of sell BSQ offers so burningman buying at a huge price has never been a problem.
If burningman finds an anomaly like an unexpected lack of BSQ sellers, he could just wait for next week according to his own judgement. Another anomaly is  the current situation, with 4BTC to sell: I don't expect him to sell everythingl in a single trade event as weekly total BSQ trading volumes don't usually exceed 1 BTC.

I would like to know if there's a min or max amount that burningman is willing to take per each trade. While there should be no issues with taking a huge offer, taking small offers generate extra costs.

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