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This repository has been archived by the owner on Jun 15, 2021. It is now read-only.
Since only the BTC-selling side of a BTC-from-fiat transaction is controlled/tracked by BISQ, what prevents the BTC seller from taking the fiat payment, but denying the fiat payment was ever made (ie. not registering it with BISQ) causing the buyer to get nothing and lose their deposit?
Hi @Mark-BC, when you enter a trade, the seller's BTC (the bitcoin being traded) is locked into the multisig wallet that holds your BTC deposit.
So the seller's BTC is on the line if they decide to be dishonest: if they choose not to acknowledge your fiat payment, they risk losing their BTC when the trade goes to arbitration.
Since only the BTC-selling side of a BTC-from-fiat transaction is controlled/tracked by BISQ, what prevents the BTC seller from taking the fiat payment, but denying the fiat payment was ever made (ie. not registering it with BISQ) causing the buyer to get nothing and lose their deposit?
Would love to know the answer,
markbc1@gmail.com
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