Topic: Bisq.network Decentralized Exchange https://bisq.network/ - page 2. (Read 11434 times)

Dear Bisq community,

Bisq is looking to hire more devs, if some of you have skills in it please reach us  !

https://bisq.community/t/thoughts-on-getting-more-people-into-bisq/8224/15

https://twitter.com/manfred_karrer/status/1160857296563515392

Dear Bisq community,

We just released v1.1.5! This is a hotfix release mainly covering following issue:
- DAO data store wasn’t properly synchronized (again)
Please update as soon as possible to prevent any issues within the Bisq DAO and to enjoy faster startup times.
https://github.com/bisq-network/bisq/releases/tag/v1.1.5

Edit 09/08:
Please find here the last video about the Bisq DAO, talking about Results & Challenges during the last 4 months period.
https://www.youtube.com/watch?v=zjdB5_r3mG8

Also a Bisq community tutorial video with subtitles available for Portugese, Spanish and French: https://www.youtube.com/watch?v=tIEDEbXN4YE
and one for Italians users: https://www.youtube.com/watch?v=AWmRNl0ZYXg

 

Dear Bisq community,

Our growing Devs team is working on account signing mechanism and API for the next update.
More languages are on the way (as Japanese).
For more infos please check our weekly growth calls:
https://www.youtube.com/channel/UCDrHtlIlYfdRx4Gr-MV8NrA
https://twitter.com/bisq_network
t.me/bisq_p2p

Edit: 07/30:  We just released v1.1.4! with Japanese as a new language
https://github.com/bisq-network/bisq/releases/tag/v1.1.4
https://bisq.network/downloads/

Dear Bisq community,

We just released v1.1.3! This is a bug fix and network improvement release. You’ll see faster startup and synchronization times and it includes lots of smaller bug fixes and improvements as well.

https://github.com/bisq-network/bisq/releases/tag/v1.1.3

https://coinmarketcap.com/exchanges/bisq/

Dear Bisq community,

We got a nice article in Coin Telegraph following Bisq Record volume.

https://cointelegraph.com/news/bitcoin-dex-bisq-sees-record-volume-after-localbitcoins-bans-cash

"Bisq, the DEX formerly known as Bitsquare, is a decentralized application facilitating crypto-to-fiat trades without a formal intermediary.  For the week ending June 22, the most recent period for which data is available, the platform handled $6.1 million, its best performance on record."

Many thanks to the community ! and if you are not part yet, join us here: https://bisq.slack.com

Dear Bisq community,

Version v1.1.2 is available: https://github.com/bisq-network/bisq/releases/tag/v1.1.2
You can download it here: https://bisq.network/downloads/
Ps: The French translation of the software have been added !

Time for the DAO to take over
https://bisq.network/blog/let-the-dao-work/

Dear Bisq community,

With the successful launch of the DAO, Bisq is entering a new phase. The bootstrapping phase where founders are steering the project forward is over, and the Bisq DAO is now the infrastructure which enables that Bisq is managed by its stakeholders and contributors. The DAO was envisioned from the very beginning of the project. It was also clear from the beginning that the founders need to step back to ensure that the project can develop to its full potential as a decentralised organisation. We see in all crypto-currency projects where the founder is still around that those projects suffers from some sort of centralisation. Satoshi did Bitcoin a great favour by stepping out. Bitcoin would not be the same if he would be still around as an authority, and Bitcoin developers would not be able to develop their full potential. Of course such events might be a bit disruptive and challenging for some but it really should be seen as that what it is: a necessary step to enable Bisq to be a decentralized autonomous organization.

So with all that in mind I had planned to step back from most of my roles in Bisq after the DAO was launched. It was planned as a slow fade-out to make it as least disruptive as possible. Unfortunately this plan was interrupted by some exceptionally stressful event just around the time when we launched the DAO: Bisq got attacked by a chargeback scammer. Instead of celebrating and resting a bit after the quite exhaustive work to get the DAO ready for launch, I spent overtime on fighting the scammer. With the stress level that event caused it became clear to me that I have to take more care of myself to not risk any serious health issues or a burnout by constantly working over my limits. Knowing myself to be not very good in handling work-life balance I realised I cannot make my departure as a slow fade-out, but rather I need to make a hard cut, otherwise it would get delayed indefinitely. Of course I will be still around for helping and answering questions but I will step back from all my roles and activities in Bisq (beside a few trivial ones like running a Bitcoin node).

So this moment might be a good occasion to look back to what we have achieved and look forward what is on our roadmap.

Bisq is the only really decentralised Bitcoin-Fiat exchange
-We have developed the first Bitcoin based DAO
-We built up a strong community of contributors
-We earned a great reputation and Bisq became a quite well recognised brand in the Bitcoin community
-Already more than 50% of Bisq traders are using BSQ after just a few weeks. So the DAO is not only working on the contributors’ side but is also accepted by our traders.

But there is more. Many interesting ideas and proposals are out and waiting for developers to set them into reality:

-New innovative protection tools against chargeback scam
-New trade protocol based on direct communication and mediators instead of arbitrators
-Ideas for an off-chain trade protocol
-Decentralised CFD for those who are primarily interested in speculative trading
-Automate trading with APIs
-Automate altcoin trading
-Integrate tx proof verification for Monero traders
-Add Segwit support
-Hardware wallet integration
-Add deterministic build

So you can see a lot of challenging work is waiting for talented developers who want to become part of Bisq and help to build the infrastructure Bitcoin deserves: a privacy protecting on-ramp which follows the principles of Bitcoin and not those of the banks.

If you are interested to work in a project that’s permissionless and non-hierarchical by design, Bisq might be your place.

Absolutely no error message? There's a known issue with antivirus software blocking Bisq. You can whitelist it or disable temporarily but before doing that make sure you got the right client (0.9.1). Get the latest release from github, otherwise ask your question in the bisq community forum: https://bisq.community/c/support . Slack's probably the quickest.

I have downloaded and installed BISQ client (Win7 x64). It closes at startup without any additional information. How to start it?

Impressive!

Congratulations!

Volumes have been exploding recently:

https://coinmarketcap.com/exchanges/bisq/
https://coin.dance/volume/bisq

Obviously volatility spurs trading... but normally $ voolume is highly correlated with price, so in a bear market we should expect total volumes to fall. However Bisq seems to be attracting many new users...

Here are the stats for September 2018:

Out of a total of 958 trades, these were the top payment methods used and number of trades for each.

Altcoins  372
SEPA  213
Zelle  125        [US]
Faster Payments  56
Revolut  95
National Bank tx  21   [US]
Interact e-transfer  44
Cash Deposit  16   [US]
Chase QuickPay  0  [US]
MoneyBeam (N26)  6
Swish
F2F  4  [US]
US Postal Money Order 5  [US]


In the last 6 months there's been 100 US national bank wire transfers. 0 chargebacks. 2-3 arbitration cases, all due to errors. It is still early days as volumes are low... but it looks pretty safe so far.

There's no centralized reputation system, but your Bisq client keeps a record of all the people you have transacted with so you can create a web-of-trust of sorts or block onion addresses of unreliable trading partners.

Regarding KYC, all current Bisq contributors are not only opposed to it, but determined to make it impossible to apply. We don't want to rely on good intentions ("Don't do evil") but rather want to make the system so that KYC or data gathering is physically impossible ("Can't do Evil").

I don't have the full data for USD transactions, but will try to get you as much detail as possible soon.

So far I can tell you that there have been 3,495 USD trades. Most using Zelle, but popular payment methods include Chase Quickpay, National Bank transfer and Cash Deposit. Face-to-face transfers are only just getting started. Venmo and CashApp were disabled as payment methods after a few chargeback issues.

 

Is there no reputation system? How do you determine who is trustworthy when dealing with fiat payments? Even bank wires are reversible.

Also, general question about the feasibility of KYC. IDEX is enforcing mandatory KYC, which shows that it's not truly decentralized. Is there any way this could happen on Bisq?


Okay, that sounds promising. Any statistics for US bank wires? I'm looking for an alternative to Localbitcoins. High premiums with no KYC was justifiable. Less so now...

All You Need to Know About Decentralized Cryptocurrency Exchange Bisq.Network
https://btcmanager.com/decentralized-cryptocurrency-exchange-bisq-network/

I should clarify that we have had chargebacks and payment reversal problems with other payment methods. That is why CashApp and Venmo were removed as payment options from Bisq.  (https://twitter.com/bisq_network/status/996124591662694400)

IMPORTANT: Cash App and Venmo payment methods have been blocked due to chargeback activity
https://bisq.community/t/important-cash-app-and-venmo-payment-methods-have-been-blocked-due-to-chargeback-activity/5459


We just have not had this problem with SEPA. I'm not saying it is impossible, just quite difficult.

Almost 6000 SEPA Euro trades have happened on Bisq so far. Approximately 1% of those have gone to arbitration. 0 of them have been due to chargebacks.

It is true that in theory SEPA transfers are not final and can always be reversed.... but in practice bank policy in Europe is to allow cancellation within the first 24hrs and after that only ever reverse SEPA transfers in cases of fraud or crime. So it is very, very rare and if it happens more than once to the same account then bank will probably close the account...

Even so it is possible to block onion addresses on Bisq or "blacklist" payment accounts... but this block or any other reputation-based security feature is by nature incomplete as there is no permanent identity on Bisq.

Is there something (a filter or algorithm) filtering the fraudulent SEPAs, at the country/bank/IBAN. Including a payment option that opens the doors to the chargeback/dispute is a little risky for people.
I see Bisq has an arbitrator system but nowadays with a SEPA it usually take 24-48h

Bisq Network — Skip the Thai Exchanges
https://medium.com/thaisignal/bisq-network-skip-the-thai-exchanges-f86650ee83d8

Manfred's proposal for a new trade protocol:

Proposal for new trade protocol without the need for arbitrators #52
https://github.com/bisq-network/proposals/issues/52