Open HardenedSteel opened 2 months ago
I don't like this for 3 reasons:
2. Leads to more failed offers and frustration on the taker side (long roundtrip times mean it will happen that someone takes a fractional reserved offer that is already taken by someone else. The bigger haveno gets, the more this will happen, especially if only a handful of makers fill most of the orderbook.)
Yes, I've had this happen a few times in the current trade protocol on bisq: I want to accept an offer and it's already been taken by someone else.
fractionally reserved
what? no, wallets are non-custodial.
orderbook stats
Can be adjusted.
Leads to more failed offers
Probably can be fixed.
frustration on the taker side
both taker and maker already frustrated from liquidity issues on both Haveno and Bisq
fractionally reserved
The offers themselves are factually fractionally reserved. If I put 10 XMR of orders on the books but in reality there is only 1 XMR up for trade, that is fractionally reserved.
Leads to more failed offers - Probably can be fixed.
Slow roundtrip is a tor limitation, no fixing that. This system worked on localmonero because they have a centralized server and can instantly close offers once one is taken, doesn't work for Haveno.
both taker and maker already frustrated from liquidity issues on both Haveno and Bisq
bisq already implements fractional reserved offers and it didn't bring them a whole lot more liquidity. It was claimed paypal would massively increase haveno volume, yet i have seen barely any paypal trades so far.
both taker and maker already frustrated from liquidity issues on both Haveno and Bisq
It depends on the currency, (bisq trading history) most: XMR, EUR, USD, BRL
January 1, 2024 - today = 1.223,743 BTC or 72.966.613 USD
I think that's not a small amount considering that this is a community project.
If I put 10 XMR of orders on the books but in reality there is only 1 XMR up for trade
as i said order book stats can be adjusted and make it transparent.
This system worked on localmonero because they have a centralized server and can instantly close offers once one is taken, doesn't work for Haveno.
It shouldn't mean we should give up and use CEX.
bisq already implements fractional reserved offers
where? and if your understanding of fractional reserved is this, then its good to have it
where? and if your understanding of fractional reserved is this, then its good to have it
https://github.com/haveno-dex/haveno/issues/1072#issuecomment-2187143048
Thanks that feature is also really needed for Haveno imo
It shouldn't mean we should give up and use CEX.
There is no "giving up and using CEX" here, we just don't want fractional reserve offers that will lead to tons of offers constantly failing to take.
that feature is also really needed for Haveno imo
And imo it would greatly hurt Haveno and make it even worse of an experience to use for regular users. The only people who would benefit from this are traders with little Monero liquidity.
I do not support subsidizing these people, you want a solution? Buy some more Monero cheapcels.
you want a solution? Buy some more Monero cheapcels.
thanks for letting me know you're trolling
trolling
I am dead serious. If you don't have the Monero, don't try to implement fractionally reserved offers to make up for your lack of Monero liquidity. Everyone in Monero benefits by killing off this legacy banking CEX bullshittery.
What about 1 offer but can have multiple payment methods and price tiers (1-5k 3% 5k-10k 2% 10k+ 1%) etc
15% security deposit limits traders to have maximum 6 offers at same time (100/15 = 6.66) otherwise makers have to lower limits which is resulting in very low liquidity.
Similar proposals for Bisq: https://github.com/bisq-network/proposals/issues/402 https://github.com/bisq-network/proposals/issues/288
https://bisq.wiki/Cloning_an_offer