Post
Topic
Board Exchanges
Re: Bisq.network Decentralized Exchange https://bisq.network/
by
bisq_flix
on 26/10/2018, 07:51:34 UTC
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

Quote
We suggest a change of the current Bisq trade protocol which is based on a 2-of-3 MultiSig deposit transaction where an arbitrator is the 3rd key holder who helps in case of disputes and can make the payout transaction with one of the traders. The new protocol would be based on a 2-of-2 MultiSig deposit tx where only the 2 traders are the key holders. We would delegate the dispute resolution (which in fact is 99.9% customer care work and no real disputes) to the users as first step and if they cannot resolve the issue themselfes to mediators. In case the peers do not cooperate to sign the payout transaction as defined in the trade contract there is an option for the victim of getting reimbursed for the lost BTC amount by the BSQ stakeholders.