[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
Sat Mar 19 17:01:55 CET 2022


I don't think that burning man buying more frequently and then not needing to announce when or how many BTC is he buying is bad for contributors, as long as the BTC aren't kept into the DAO address without a justified reason (reimbursements). 
I find this much better than the current weekly trading event.
Having a schedule (any day of the week from 20.00 to 21.00 UTC or similar) wouldn't hurt anyway.

> Having a price limit of 20% from the 30d average sounds good, but it might result in the burning man not selling for a while as the average adjusts during big swings.

To clarify, I was thinking about not buying BSQ if the price was 20% over spread, not under. You should take any sell BSQ offer, no mater the price. Bad for current BSQ sellers as they sell for a lower price, good controlling BSQ inflation as more BSQ will be burnt.
In the rare event where there are no BSQ sellers, maybe you should be the one placing buy BSQ offers at 20%, but thinking a lot about this is not worth unfortunately.

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