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

w0000000t notifications at github.com
Mon Mar 14 16:22:22 CET 2022


> I think it would be better if the burning man could just trade whenever they feel like with the open market, without announcing it. This would keep the supply of reasonably priced BSQ more balanced over the week. Maybe with a check that the traded price is not too far from the 30d average.

If by this, it is intended that rather than only buying on sundays, BM will buy whenever, but still regularly at a constant pace, then I'm all for it. Rather, I am generally against having BM only buy on sundays.

Also, we have discussed extensively this both in support meeting calls, and on other threads on GH... yet I don't have a strong opinion about making sure to buy BSQ only in a selected range of price which is lower than 30d avg for example; since the role of BM is to "buy BSQ and burn it" then it makes sense for BM to just buy whatever is cheaper, until there's BTC available to spend.
Maybe set a definite amount to limit speculation, like no more than 5, 10, 20% over 30d avg, yet this upper limit shouldn't be too strict (i.e. no less than 5% over 30d avg).

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