REFUND AGENT and/or ARBITRATOR STATUS

peoples · June 3, 2020, 12:51pm

Hello.

What is the current status of the Refund Agent? Are they going to remain in the role or exit.

Has the role been replaced by a new person?

Why did the role change names?

Thanks for the information.

Bitcoin is about killing the Corporate State and the DESTRUCTION of BABYLON. The wicked are placing military assets in cities EVERYWHERE right now. They will not stop.)

Kill KYC. Kill the wicked.

huey · June 3, 2020, 2:45pm

They’re still active

github.com/bisq-network/roles

Arbitrator (formerly known as Refund Agent)

opened 07:45PM - 29 Feb 20 UTC

RefundAgent

team:support

My role is to refund traders who cannot resolve their differences using the medi…ators. The traders have their BTC sent to the Donation Address owner if they escalate to me. In my role I need to pay the traders according to my judgement of the dispute and is reimbursed by a highly volatile BSQ at the end of each voting cycle. Check https://github.com/bisq-network/roles/issues/80 for the present suggestion to reimburse my expenses which should reduce my exposure to the volatility. Docs: https://bisq.wiki/Arbitrator Team: @bisq-network/arbitrators

github.com/bisq-network/proposals

Improve incentives for Arbitrator (formerly known as Refund Agent)

opened 10:13AM - 18 May 20 UTC

closed 12:00PM - 17 Jun 20 UTC

cbeams

was:approved a:proposal re:roles re:compensation

> _This is a Bisq Network proposal. Please familiarize yourself with the [submis…sion and review process](https://docs.bisq.network/proposals.html)._ ## Background The Arbitrator role (bisq-network/roles#93) often requires large outlays of both BTC and BSQ, putting the person playing that role at significant risk without much incentive for doing it. ## Proposal Proposed is that we improve incentives for this role by establishing: - a 50 USD per case fee, and - a 1% per cycle interest rate for BTC paid out. ## Example Let's assume that during Cycle 13, the arbitrator handled 8 cases, paying out a total of 4 BTC. Under the proposed incentive scheme, the arbitrator would be entitled to 8x50 = 400 USD plus 4*0.01 = 0.04 BTC. Let's assume the posted USD / BSQ exchange rate for Cycle 13 is 0.63 USD / BSQ. This means that the arbitrator would be entitled to 400/0.63 = 635 BSQ. And let's assume the current 30-day BTC / BSQ exchange rate is 0.00007553. This means that the arbitrator is entitled to 0.04/0.00007553=530 BSQ. Total compensation requested in this example would be 635+530=1165 BSQ. ## Benefits The main benefit is to ensure the arbitrator is sufficiently compensated for their time and risk, such that they continue performing the role. A secondary benefit is that these higher values should incentivize the DAO to reduce the number of trades that go to arbitration. Ultimately we want to do away with the role entirely, and have traders submit reimbursement requests manually, but that can only happen when there are a sufficiently low number of arbitration cases per month. It's still too high to do this. ## Notes @RefundAgent already submitted a compensation request for Cycle 13 (bisq-network/compensation#571) based on this scheme proposed here. If you vote to approve this proposal, you should also vote to approve for that compensation request and vice versa.

peoples · June 3, 2020, 2:50pm

Thank you. How will we be notified when the Arbitrator leaves and the DAO takes over this role?

Is that still the plan?

Refuse the machine world.

huey · June 3, 2020, 2:58pm

That’s a good question. I think it’d be best to ask them directly.

peoples · June 14, 2020, 11:23am

Hello.

The Refund Agent appears to be too busy to share their plans.

github.com/bisq-network/roles

Arbitrator (formerly known as Refund Agent)

opened 07:45PM - 29 Feb 20 UTC

RefundAgent

team:support

My role is to refund traders who cannot resolve their differences using the medi…ators. The traders have their BTC sent to the Donation Address owner if they escalate to me. In my role I need to pay the traders according to my judgement of the dispute and is reimbursed by a highly volatile BSQ at the end of each voting cycle. Check https://github.com/bisq-network/roles/issues/80 for the present suggestion to reimburse my expenses which should reduce my exposure to the volatility. Docs: https://bisq.wiki/Arbitrator Team: @bisq-network/arbitrators

Do you have any more information on this role going forward?

Also, why isn’t THE REFUND AGENT or Arbitrator listed in client DAO BONDING?

Thank you.

MnM · June 15, 2020, 8:52am

Refund agent doesn’t touch any funds. He pays with it’s own funds to traders once the traded funds go to the DAO address and then claims to get the funds back in BSQ, with a reimbursement request.
This role doesn’t carry risk for the DAO, as he advances the funds and then claims for compensation, so it’s not necessary to put up a bond.

There was an attempt to remove the arbitrator role, I think new attempts to improve the current protocol will be made.

peoples · June 15, 2020, 12:09pm

Funds are NOT sent to a “DAO” address. They are sent to the Burningman.
All roles should require a BOND.
This protocol needs fixing.

Keep up the good work. The great AWAKENING has begun.

peoples · June 16, 2020, 2:04pm

So the Refund Agent is staying? For how long?