Bisq.network Decentralized Exchange https://bisq.network/ - page 3.

bisq_flix

newbie

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Coindesk on Bisq
A Decentralized Bitcoin Exchange That's Almost Decentralized
https://www.coindesk.com/bitcoin-decentralized-exchange-dex-crypto-bisq-dao-monero/

Quote

Of all the cryptocurrency projects describing themselves as "decentralized exchanges" (DEXs), Bisq may live up to the description better than most.

Operating since 2016, when it was originally called Bitsquare, the Bisq DEX runs directly on the user's computer, rather than a hosted site, as many of the self-described DEXs currently do. And while DEXs like Airswap and Everbloom are operated by startups, Bisq is a strictly open source project developed by a grassroots collective.

bisq_flix

newbie

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Manfred is on fire lately!

Atomic swap protocol for BSQ-BTC trades
https://github.com/bisq-network/proposals/issues/50

Add Monero wallet features to Bisq
https://github.com/bisq-network/proposals/issues/51

Concept for decentralized binary option trading
https://github.com/bisq-network/proposals/issues/45

bisq_flix

newbie

Activity: 43

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Record volume month for Bisq:

https://coin.dance/volume/bisq
https://markets.bisq.network/

And $500k+ volume today!
https://coinmarketcap.com/exchanges/bisq/
https://twitter.com/flix1/status/1054266273926967297

bisq_flix

newbie

Activity: 43

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Discussion about the Bisq DAO with Eyal Ron
https://youtu.be/UbBLSyaDiK0

The DAO is closer to reality than ever with October testnet and December mainnet launches scheduled.

It will be very interesting to see how it works in reality. It's easy to imagine things in theory... but no battle plan survives past the first bullet fired.

If you want to learn more about the DAO: https://docs.bisq.network/dao/phase-zero.html

bisq_flix

newbie

Activity: 43

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I don't know if it's FUD or a valid concern... but today all the talk is of USDT (Tether) losing its peg to the USD and crashing Bitfinex.

It could just be an irrational panic... but it illustrates the dangers of relying on a centralized third party. The truth is that even if USDT is fully backed by USD in a bank account, it would only take a couple of banks deciding to no longer work with Bitfinex for USDT to become unconvertible and unredeemable.

https://www.bloomberg.com/news/articles/2018-10-15/dollar-peg-that-underpins-20-of-crypto-trades-is-under-pressure

Update: statement from Bitfinex
https://medium.com/bitfinex/fiat-deposit-update-october-15th-2018-18ddd276c3fd

bisq_flix

newbie

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In my mind Bisq with full lightning integration would split trades into tiny payments so that the security deposit could be re-used for each and thus keep the security incentives while reducing friction.

On the Bitcoin-to-fiat side this would take advantage of some API-enabled instant payment solution. In Europe the regulatory roadmap forces banks to:
1. Open their APIs to 3rd parties
2. Implement SEPA Instant payments

So Bitcoin-fiat micropayment powered, lightning-network enabled exchange should be very possible in 2019/2020.

...but if you don't want to wait that long, combining ⚡️lightning network ⚡️ with a pegged coloured coin (like USDT or similar) would allow very fast atomic swaps.

bisq_flix

newbie

Activity: 43

Merit: 0

Quote from: deisik on October 03, 2018, 02:04:54 PM

I understand (more or less) how your system works

But this is not the direction in which decentralized exchanges should evolve as I come to think. Actually, I wouldn't call your system an exchange as there is no competition between traders that we see on centralized exchanges. So my question is, have you ever considered using Lightning Network or similar technologies to implement something more like a regular exchange with full-fledged orderbooks but without a central server (read, a third party) receiving, accumulating and sending all this data? In other words, a personal desktop wallet would serve as a part of a distributed exchange, with updates and order execution close to being instant. I understand that this requires strong cooperation between the developers of different coins in order to be done in practice, but it might be helpful to build an MVP enabling real time exchange between two currencies specifically modified to enable this feature on the blockchain (wallet) level

Absolutely. Lightning integration is on the wishlist and there is even a bounty out for the first step towards it:

⚡️ Propose how to make Bisq nodes serve as Lightning Network nodes using ACINQ's Eclair library ⚡️
https://github.com/bisq-network/proposals/issues/3

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

I understand (more or less) how your system works

But this is not the direction in which decentralized exchanges should evolve as I come to think. Actually, I wouldn't call your system an exchange as there is no competition between traders that we see on centralized exchanges. So my question is, have you ever considered using Lightning Network or similar technologies to implement something more like a regular exchange with full-fledged orderbooks but without a central server (read, a third party) receiving, accumulating and sending all this data? In other words, a personal desktop wallet would serve as a part of a distributed exchange, with updates and order execution close to being instant. I understand that this requires strong cooperation between the developers of different coins in order to be done in practice, but it might be helpful to build an MVP enabling real time exchange between two currencies specifically modified to enable this feature on the blockchain (wallet) level

bisq_flix

newbie

Activity: 43

Merit: 0

Quote

Our market kick-start event last month gave us an extra boost to reach 926 trades in total. All in all it was a great month for @bisq_network!

https://twitter.com/chrisattee/status/1046784597261000704

bisq_flix

newbie

Activity: 43

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Quote from: buwaytress on September 12, 2018, 06:40:49 AM

Well, let's hope we get a few more traders or even just curious watchers joining up for the 20th in just over a week's time. A third of a million dollars on one day yesterday is a major landmark (curiously, if this volume had been at ATHs, it would have been over a million dollars!).

Anyway, this just fresh off the press. Would have shared it in Press section but since it's not exclusively Bitcoin related, maybe we'll just leave it here for readers

Thanks for your and others' time, OP.

https://bitcoinnews.com/p2p-exchange-bisq-it-doesnt-get-more-decentralized-than-this/

Thanks for this, and a especial thanks to Amelia for the great write up!

buwaytress

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Join the world-leading crypto sportsbook NOW!

Well, let's hope we get a few more traders or even just curious watchers joining up for the 20th in just over a week's time. A third of a million dollars on one day yesterday is a major landmark (curiously, if this volume had been at ATHs, it would have been over a million dollars!).

Anyway, this just fresh off the press. Would have shared it in Press section but since it's not exclusively Bitcoin related, maybe we'll just leave it here for readers

Thanks for your and others' time, OP.

https://bitcoinnews.com/p2p-exchange-bisq-it-doesnt-get-more-decentralized-than-this/

bisq_flix

newbie

Activity: 43

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How to Buy Bitcoin Without Disclosing Your Identity
https://news.bitcoin.com/how-to-buy-bitcoin-without-disclosing-your-identity/

Quote

Bisq is a decentralized P2P network that we’ve previously profiled. It enables BCH, BTC, and numerous other cryptocurrencies to be bought and sold without needing to first scan your passport, driving license, disclose your financial history, and attest to the origin of your bitcoins. It’s how a cryptocurrency marketplace ought to be in other words. To access it, users need to download Bisq’s desktop software which is open source. As its FAQ explains, “Bisq does not know the traders. No data is stored on who trades with whom. Bisq does not require registration. This means privacy is maintained, there are no “approval” wait times, and identity theft becomes impossible.

bisq_flix

newbie

Activity: 43

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Amazing volumes today on Bisq for XMR/BTC pair! $345,544 USD worth so far in the last 24 hrs.

https://twitter.com/bisq_network/status/1039234933674393600

https://pbs.twimg.com/media/DmwapB_XoAIGBXf.jpg

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

buwaytress

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Join the world-leading crypto sportsbook NOW!

Quote from: bisq_flix on September 05, 2018, 06:25:55 AM

Quote from: pinkflower on September 04, 2018, 10:49:59 PM

Good idea. But the SEC wont be happy if you make those decisions lol.

A big part of why Bisq is a DAO is so that it doesn't care what the SEC, or any other government agency says.

Today we saw even Shapeshift.io give in to KYC/AML regulation. I know Erik... he hates KYC regulation. He fought it for years and even blocked from using Shapeshift.io any jurisdiction that enforced user data collection....

So why is he giving in now?

Because when you run a company you have a responsibility to your employees and investors. You cannot ignore legal risks and if you want to do any business in the Western world you cannot ignore US judges and US regulations. Even if you are based in Switzerland.

We believe that a DAO like Bisq (or like Bitcoin) based on FOSS can be more resilient. I'm sure it will be put to the test!

I think what Bisq does or wants to do better is still not really understood by people. If we keep Bitcoin and crypto trading and exchanging the way they were originally envisioned, which is P2P, and strictly without external involvement, then it doesn't matter what any agency says or does. We've already seen now how state restrictions, regional sanctions and embargoes have attempted to stop transactions - and faillng. Might stifle growth somewhat but if people find out they can use solutions like Bisq for safer, more private exchanges... eventually the governments will realise that too.

I was just saying in a separate thread how the Shapeshift move seems incredible ill-advised. But yes, it's more to do with the company's direction (we saw already how Shapeshift helped enforcement stop the movement of stolen funds and that's great but it sets a precedent).

You're right too - no DAO is immune, but we have had a good plenty of times to see it being put to the test at least with Bitcoin. Let's see how Bisq holds up!

bisq_flix

newbie

Activity: 43

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Quote from: pinkflower on September 05, 2018, 10:43:47 PM

I have never used Shapeshift but I am surprised to see a service like that asking to require KYC/AML. It turns it into a membership only service in some way.

Did nixops contact you?

Nope. Never spoke to nixops.

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: bisq_flix on September 05, 2018, 06:25:55 AM

Quote from: pinkflower on September 04, 2018, 10:49:59 PM

Good idea. But the SEC wont be happy if you make those decisions lol.

A big part of why Bisq is a DAO is so that it doesn't care what the SEC, or any other government agency says.

Today we saw even Shapeshift.io give in to KYC/AML regulation. I know Erik... he hates KYC regulation. He fought it for years and even blocked from using Shapeshift.io any jurisdiction that enforced user data collection....

So why is he giving in now?

Because when you run a company you have a responsibility to your employees and investors. You cannot ignore legal risks and if you want to do any business in the Western world you cannot ignore US judges and US regulations. Even if you are based in Switzerland.

We believe that a DAO like Bisq (or like Bitcoin) based on FOSS can be more resilient. I'm sure it will be put to the test!

I have never used Shapeshift but I am surprised to see a service like that asking to require KYC/AML. It turns it into a membership only service in some way.

Did nixops contact you?

bisq_flix

newbie

Activity: 43

Merit: 0

Quote from: pinkflower on September 04, 2018, 10:49:59 PM

Good idea. But the SEC wont be happy if you make those decisions lol.

A big part of why Bisq is a DAO is so that it doesn't care what the SEC, or any other government agency says.

Today we saw even Shapeshift.io give in to KYC/AML regulation. I know Erik... he hates KYC regulation. He fought it for years and even blocked from using Shapeshift.io any jurisdiction that enforced user data collection....

So why is he giving in now?

Because when you run a company you have a responsibility to your employees and investors. You cannot ignore legal risks and if you want to do any business in the Western world you cannot ignore US judges and US regulations. Even if you are based in Switzerland.

We believe that a DAO like Bisq (or like Bitcoin) based on FOSS can be more resilient. I'm sure it will be put to the test!

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: bisq_flix on August 06, 2018, 10:03:46 AM

HOW TO LIST AN ASSET ON BISQ
https://docs.bisq.network/exchange/howto/list-asset.html

As a DAO and fully decentralized exchange Bisq makes no judgement and takes no sides on which assets/coins/alts it allows you to trade. If it meets a few objective requirements, you can just create a pull request and it will be listed in the next Bisq release.

Good idea. But the SEC wont be happy if you make those decisions lol.

Anyhow, did nixops from the Burst community contact you? I already contacted him in Reddit and he said he would get in touch with you.

I can contact him again and remind him in case he has forgotten. Are your contact details in Github? Ty.

buwaytress

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Join the world-leading crypto sportsbook NOW!

Thanks for the reply, I actually didn't know coin dance was tracking bisq volumes. Probably not very surprising to see XMR volumes pick up over decentralised p2p!

Now I'm wondering also if you might want to share a bit of insight into further trends on p2p, esp decentralised platforms like bisq. Might help drum up further awareness for the Sep 20 event, or at the very least create some awareness or just talk about something newsworthy.

I've sent you a PM, we can follow up from there;)

bisq_flix

newbie

Activity: 43

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Quote from: buwaytress on September 03, 2018, 02:25:16 PM

Hi OP, I haven't forgotten about the September 20th date, so it's nice to check in here on the same day you provide an update. Am glad you're really looking to market this idea to those countries you mention: they need a bigger, better alternative to localbitcoins. I'm also as I mentioned earlier very keen to diversify my options and get myself some of that $BSQ.

What have the volumes been like from bisq lately?

Volumes have grown a lot... but most of it was a huge rise in the XMR/BTC market...

EUR/BTC has been stable over the summer: https://coin.dance/volume/bisq/EUR
USD/BTC has dropped considerably: https://coin.dance/volume/bisq/USD
GBP/BTC is actually taking off with record volumes in August: https://coin.dance/volume/bisq/GBP

XMR volumes blew up over the summer: https://markets.bisq.network/?market=xmr_btc
...surpassing all fiat currencies.

Daily volume is still quite low compared to any large centralized exchange: https://coinmarketcap.com/exchanges/bisq/
...but the trend is very positive.

Topic: Bisq.network Decentralized Exchange https://bisq.network/ - page 3. (Read 11434 times)