Re: [ANN] SPECTRECOIN | Anonymous | Stealth-Staking | Tor | Ring Signatures
I'm dismayed about whether Spectrecoin will keep Bisq as an exchange in the long-term (and if we don't it may ultimately shoot us in the foot).
It can be seen from their trading volume -- https://coinmarketcap.com/exchanges/bisq/ -- that the primary function of Bisq is as a peer-to-peer Monero-Bitcoin exchange, followed by Bitcoin-Euro private exchanges, followed by trade of another prominent privacy coin (ZCash-BTC).
Meanwhile, their page https://docs.bisq.network/exchange/howto/list-asset.html indicates that "At each new release we will check whether already-listed assets have been traded in the past 4 months. If this requirement is not met the asset will be removed." And Spectrecoin is essentially at 4 months since a trade using that platform now (I was on one side of that trade in December, and I've had buy orders placed off-and-on the past three weeks [including currently but it seems people only consider the centralized exchanges/honeypots]).
Bisq seems ideal for Spectrecoin -- just look at the point-of-view and ethics contained in their "A brief Introduction to Bisq" ( https://docs.bisq.network/intro.html ) and their Vision page ( https://bisq.network/vision/ ). Note, in particular, that coins stay in one's possession until a trade is made (instead of sitting at an external exchange pooled with other coins that can be a tempting hacking target [as with Cryptopia]). This is also important for any future point when governments or regulators might apply "soft pressure" to exchanges or countries that host centralized exchanges. It seems probable that centralized exchanges that grow more prominent or professional in the developed world will become less private; whereas, more private centralized exchanges will be operated out of less-trustworthy locales. Also Bisq operates exclusively over Tor.
Anyhow, if we do lose Bisq because people would rather chase volume on centralized exchanges, I've at least done my part by posting this and trying to buy there peer-to-peer simultaneously.
It can be seen from their trading volume -- https://coinmarketcap.com/exchanges/bisq/ -- that the primary function of Bisq is as a peer-to-peer Monero-Bitcoin exchange, followed by Bitcoin-Euro private exchanges, followed by trade of another prominent privacy coin (ZCash-BTC).
Meanwhile, their page https://docs.bisq.network/exchange/howto/list-asset.html indicates that "At each new release we will check whether already-listed assets have been traded in the past 4 months. If this requirement is not met the asset will be removed." And Spectrecoin is essentially at 4 months since a trade using that platform now (I was on one side of that trade in December, and I've had buy orders placed off-and-on the past three weeks [including currently but it seems people only consider the centralized exchanges/honeypots]).
Bisq seems ideal for Spectrecoin -- just look at the point-of-view and ethics contained in their "A brief Introduction to Bisq" ( https://docs.bisq.network/intro.html ) and their Vision page ( https://bisq.network/vision/ ). Note, in particular, that coins stay in one's possession until a trade is made (instead of sitting at an external exchange pooled with other coins that can be a tempting hacking target [as with Cryptopia]). This is also important for any future point when governments or regulators might apply "soft pressure" to exchanges or countries that host centralized exchanges. It seems probable that centralized exchanges that grow more prominent or professional in the developed world will become less private; whereas, more private centralized exchanges will be operated out of less-trustworthy locales. Also Bisq operates exclusively over Tor.
Anyhow, if we do lose Bisq because people would rather chase volume on centralized exchanges, I've at least done my part by posting this and trying to buy there peer-to-peer simultaneously.