BSQ bonded reputation trading?!

Taxfree · November 17, 2019, 1:46pm

A new crazy Bisq proposal. All trader’s offers contain a user ranking (0-5 star) on how much BSQ they have locked up in the DAO. Non BSQ holders get 0 rank. Possible to filter out offers that doesn’t comply to requirements on ranking etc.

Who would like a complete BSQ playground like this? Is Bisq contributors developing only for them selves? What do you think???

github.com/bisq-network/proposals

Encourage usage of Bonded Reputation by calculating a score for all offers

opened 02:15AM - 11 Nov 19 UTC

closed 12:48PM - 21 Jan 20 UTC

wiz

was:rejected

> _This is a Bisq Network proposal. Please familiarize yourself with the [submis…sion and review process](https://docs.bisq.network/proposals.html)._ ### Background The Bisq DAO has a really cool but completely unused feature called Bonded Reputation. It allows you to lock-up any amount of BSQ for any amount of time, tied to your cryptographic identity. While the BSQ is locked up, anyone can make a DAO proposal to confiscate your BSQ bond, allowing you to stake BSQ for reputation. Contributors who perform bonded roles for the Bisq DAO have also locked up BSQ to stake their reputation. ### Proposal Calculate and display a 0 to 5 score rating for all traders, and display it next to all of their trade offers, next to their avatar. For example something like this: ☆☆☆☆☆ # user has <1X BSQ bonded or bond is for <1Y days ★★★☆☆ # user has >3X BSQ bonded and bond is for >3Y days ★★★★★ # user has >5X BSQ bonded and bond is for >5Y days Parameters could be configured, for example: X = 1000 Y = 30 ### Implementation * The score of 0 to 5 will be calculated from a blend of both the amount of BSQ and the lock time of the user's bond(s). Bonds which have less than 30 days of lock-time will be ignored. * The icon should indicate the maximum score if the user performs a bonded role for the DAO, since they are trusted by the DAO as a contributor. * Allow sorting the table by bonded reputation amounts/times, and make this the secondary sort order after price (i.e. if two offers have the same price, the bonded traders' offers would appear higher) * Add an option to disable or hide offers from users who have a Bonded Reputation Score less than X. * Display the Bonded Reputation Score to mediators and arbitrators during trade disputes. ### Other use cases * In the event of certain network events, the user's Bonded Reputation Score could be used to prioritize their mailbox messages. * For risky payment methods, such as F2F cash trades, we could require minimum Reputation Scores to create offers for certain countries. * Probably lots of other use cases!

Taxfree · November 19, 2019, 5:06am

Bisq —> BiSQ

Ricardosaurio · April 14, 2020, 7:57pm

I was just close to create a proposal about this. The only mod i would add, is that the amount of BSQ must be proportional to a parameter of risk of chargeback and the amount of bitcoin you are trying to buy.

Say: You want to buy 1000 USD worth of BTC through paypal? you must have 2000 USD locked in BSQ tokens, wich you cant withrdaw in about 200 days after the trade, to eliminate risk of chargeback. If the arbitrator determines you have been a dick and did a chargeback, he will take a compensation to the other trader out of your BSQ tokens plus a penalty that gets burned.

Now, you want to buy 5000 USD worth of BTC through an altcoin? No BSQ lock needed. Zero. Nada.

Traders would know how much BSQ locked up his peer haves and the software wont allow trades unless it complies with certain threshold.