I’m going to be honest: I’m in a situation where Bisq is my only way to obtain or sell Bitcoin. The long-awaited API is hopefully coming soon (feels like an eternity has passed since I first heard about that…), but judging by the confusing (probably out of necessity) beta documentation, I’m unsure I will even be able to use it, and looking at the available trade offers and the activity in this forum, it will have very limited use even if it’s technically perfected.
I have tried asking about Bisq implementing a “lending” feature, but that question has been essentially ignored. I did get some links to some previous discussions on this, but I couldn’t make any conclusions about what will happen based on those. It doesn’t “look good” on that front.
I just cannot sell the few BTC I own, but I obviously still need to survive. It means that I need a steady stream of fiat money. I won’t bore and sadden you to death with my tragic life story, but the basic gist is that I can’t make money and don’t have any ability to do KYC/AML stuff. So BlockFi is out of the question, even if I could trust them to hold my coins (which I don’t). Hodl Hodl doesn’t even let me register (like 99.99% of all websites these days), but doesn’t support Bitcoin anyway. As you may already know, there’s endless fake/nonsensical websites out there related to crypto currencies with the same vague buzzwords and empty/meaningless promises. It makes my skin crawl just thinking about how little “actual” stuff there is. (It’s basically just Bitcoin Core and Bisq.)
In other words, I’m seriously relying on the Bisq project, run by a bunch of smart idealists in their spare time, for my survival. I’m betting on you soon coming up with some method for us Bitcoin holders to safely lend out some of our coins for the purpose of receiving (whether directly or indirectly) fiat for bills and survival. Is this realistic? Is it even logically possible?
I’ve been spending insane amounts of time combing through thousands of websites that call themselves “decentralized” or “defi”, but they are all… fake. Bisq is the only decentralized finance application in existence, as crazy as that sounds. (Obviously excluding Bitcoin Core, which of course doesn’t actually let you “find” people/offers/contracts.)
I could nag about the lack of a streamlined/automatic update mechanism, but frankly, I would happily do that chore regularly if it meant that I could survive. (But others, who are in a less “dependent” situation, might not, so I still consider that a major hurdle for Bisq adoption…)
Am I an idiot for thinking that this will happen? Is it going to be years and years still? My time is quickly running out. Is there anything that I can do in practice to encourage the Bisq developers, besides donating the few satoshis I still own after all these years since I bought them cheaply a decade ago? I’m not at all smart enough to be able to actually help with the code (Github doesn’t even let me register), and if I had any marketing/word-spreading skills, I frankly wouldn’t have ever found this project in the first place; I would be running some sort of fiat-centered website or company or something. So, I have nothing to contribute other than being an active user and mentioning Bisq constantly when I talk about Bitcoin with anyone, which I have been doing for years. I hope that all those recommendations from me at least has resulted in a couple of new users, but I also recognize that it’s still essentially “nothing” when just me and a few others are doing it…
I’m frankly worried and disturbed by the lack of enthusiasm around Bisq and even Bitcoin in general (in spite of the “crazy” price which some call “high”, but I frankly was expecting a million USD per BTC by now). To me, it’s basically like finding some sort of alien technology, a fountain of youth, a pot of gold, or something fantastic like that. I’m convinced that there are a lot of people out there who are locked out from all the centralized exchanges/services, which all require KYM/AML nonsense now, and would love Bisq… if they only knew about it. But isn’t that always the problem? Reaching out to the right human beings on this planet is frustratingly difficult to say the least. I’ve spent countless sleepless nights just going over every possible strategy in my head when trying to grow my own past projects, trying so many things including paying large amounts of money only to get nothing but worthless bot traffic.
Am I a naive fool for relying on Bisq? Is this project really going anywhere? Is that new version with API support coming out very soon? Is the “lending feature” a pipe dream? Will it Change Everything™? Have I already gone insane and this all comes off as nonsensical rambling?