USD/BTC Bisq Liquidity Week (26 Feb- 4 Mar) about growth HOT 5 CLOSED

If we manage to reach 10 offers permanently available in the BTC/USD order book during that week it will be a huge success.

For this we only need 5 participants to each place 2 offers.

from growth.

Possible additional payment method for US: VENMO https://venmo.com/

+ No chargebacks /payments cannot be cancelled
https://help.venmo.com/hc/en-us/articles/235171088-Cancel-Payment

- Low limits
https://help.venmo.com/hc/en-us/articles/221010968-Payment-Limits

from growth.

Possible additional payment method for US: Cash App https://cash.me/

+ No chargebacks /payments cannot be cancelled
https://squareup.com/help/us/en/article/5691

+Multi-currency

Limits see:
https://squareup.com/help/us/en/article/5505-send-and-request-money-with-cash-app

from growth.

I just did some further research on Cash App and Venmo, see my comments at bisq-network/bisq#1049 (comment) and bisq-network/bisq#1347 (comment), respectively.

In short, I think we need to tread very carefully here. @flix1, you mention cancellations above, but cancellations != chargebacks. Just because these platforms don't allow payers to initiate cancellations does not mean that payers can't file a dispute and end up clawing the funds back.

LocalBitcoins supports both of these payment methods, and many more, even PayPal, but the key difference between LB and Bisq is that LB has a reputation system. That's a strong defense against scammers, and with enough reputation, it's even a strong defense against long con scammers.

We have the Account Age Witness feature in Bisq, and it will automatically apply to Cash App and Venmo accounts, too, so that's something. But sellers have to know what they're getting into and need to really understand how that feature works. I don't think it provides anywhere near as strong the guarantees against scams as a proper reputation system does. Also, when 0.6.6 comes out, everybody is going to have account ages of zero. So it's not going to help anything for a while.

Thoughts? /cc @ManfredKarrer

from growth.

Closing as complete. @ripcurlx, if there's anything further you wanted to do here, please reopen.

With regard to market makers claiming a BSQ bounty, I'm not sure how we ever planned to track that. As far as I know, no one has attempted to claim this or said they were going to. In the future, I think we should leave market making as its own reward. People shouldn't need any more incentive to do it than what they can get out of it already. Happy to debate that further, but as far as I can tell, this added incentive didn't make a difference last week.

In any case, we blew past our expected 30% growth target. From https://twitter.com/bisq_network/status/970767755317215232:

from growth.