From 10acb4845b4793fcebbe9420849824a86ead3dca Mon Sep 17 00:00:00 2001 From: m52go Date: Mon, 23 Nov 2020 14:06:55 -0500 Subject: [PATCH 1/2] Add blog post for 1.5.0 --- _posts/2020-11-23-bisq-v1.5.0-highlights.md | 69 +++++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 _posts/2020-11-23-bisq-v1.5.0-highlights.md diff --git a/_posts/2020-11-23-bisq-v1.5.0-highlights.md b/_posts/2020-11-23-bisq-v1.5.0-highlights.md new file mode 100644 index 00000000..64bb98a9 --- /dev/null +++ b/_posts/2020-11-23-bisq-v1.5.0-highlights.md @@ -0,0 +1,69 @@ +--- +layout: post +title: "Bisq v1.5.0 Released: Highlights" +author: m52go +excerpt: "Bisq v1.5.0 was released earlier today, bringing SegWit support across the trading protocol as well as a slew of updates to make trading better and more convenient.

" +lang: en +--- + +Bisq v1.5.0 was just released, and it's quite a notable update. + +## SegWit Integrated Completed + +Bisq v1.4.2 introduced segwit addresses for funding and withdrawing, meaning you could send funds from an external wallet to a `bech32` address in Bisq and withdraw funds from Bisq to an external `bech32` address. While this was a huge step forward, trade transactions didn't use segwit, and no Bisq transactions took advantage of fee optimizations enabled by segwit. + +Bisq v1.5.0 completes the integration by implementing segwit across the trade protocol and implementing segwit fee optimizations, saving users on fees for every trade tx and withdrawal tx. + +## Special Thanks to...You? + +Segwit integration was a considerable, expensive project to spec, implement, review, and test. It was only possible because of a generous donor that Bisq was able to recruit high-quality help to deliver the implementation. + +The donor prefers to remain anonymous, but we mention them here to draw attention to what's possible with the generosity of the community. + +While Bisq's [colored-bitcoin DAO]({% post_url 2019-02-18-bisq-dao-for-bitcoin-maximalists %}) intends to make Bisq sustainable in the long-term through trading fee revenue, revenue isn't super-high right now, so Bisq is limited in what it can build in the short-term. External contributions enable the project to do even more—and as you see with segwit, the project will do its utmost to make the most of any extra funds it gets. + +So if there's something you'd really like to see in Bisq, if there's a chance you can fund it, please reach out to us on Keybase and let's make it happen! + +## Trading Improvements + +There were a handful of notable updates to improve the trading experience on Bisq. + +### Relaxed and Simplified Trade Limits + +For a long time, new fiat payment accounts in Bisq required 30-60 days to accrue higher trading limits. If you created a US Postal Money Order account in Bisq, for example, it would only be capable of trading 0.0625 BTC for the first 30 days, which would then increase to 0.125 BTC for the next 30 days. Trading 0.25 BTC would only become possible 60 days after the payment account was set up in Bisq. + +**For lower-risk payment methods, these limits are now gone.** You can now trade 0.25, 0.50, or even 1.00 BTC from day 1 (depending on the particular payment method) for payment accounts that do not require signing (e.g., US Postal Money Order, cash deposit, Western Union, MoneyGram, face-to-face, and more). See this wiki article for the full list of supported payment methods and their maximum trade sizes. + +**For higher-risk payment methods, selling limits are also removed.** Sellers using payment accounts such as SEPA, Zelle, Revolut, bank transfer can immediately sell up to 0.25 BTC. + +Buying with higher-risk accounts remains the same as before—account signing is still in place, which means new high-risk accounts like SEPA and Zelle are limited to buying 0.01 BTC until 30 days after they are signed. Unfortunately, it needs to be this way to protect the network from fraudsters. + +See this wiki article for more details and concrete details on how the newer, simpler trade size limits work. + +### New Payment Methods + +**TransferWise** was added as a payment method so that users could harness the company's multi-currency money transfer service to enable cross-currency trading on Bisq. Maximum trade period is 1 day, and maximum trade size is 0.25 BTC. + +**Amazon eGift Cards** were added as a way to transfer value in a number of markets around the world in exchange for bitcoin. Maximum trade period is 1 day, and maximum trade size is 0.25 BTC. + +**Australian PayID** was added to enable our friends down under to settle trades of up to 1 BTC in under 1 day. Maximum trade period is 1 day, and maximum trade size is 1.00 BTC. + +Account signing is not currently required for any of these payment methods, so take advantage of it! Buyers and sellers can trade the full amount immediately. + +### Edit Payment Methods of Live Offers + +Before v1.5.0, traders could edit the price of a live offer, but not the payment method. Now, the offer's payment method can be changed too. + +So if you make an offer for buying bitcoin with Zelle, but decide you want to try the new Amazon eGift card method, you can just switch the payment method without wasting any sats to make a whole new offer. + +## More + +As always, there are many smaller updates listed in the changelog. + +## Installing and Upgrading + +To get Bisq for the first time, you can download it from the website or from GitHub. We highly recommend verifying the binaries you download using this guide. + +To update Bisq, you should get a pop-up in the software when you open it. Otherwise, feel free to download it from the links above. + +As always, please make sure to back up your data directory before updating. You can safely update with open offers, open trades, and/or open disputes. From d50058d4f1bdcb484a2356ca3497ec69ffd091a3 Mon Sep 17 00:00:00 2001 From: m52go Date: Tue, 24 Nov 2020 07:28:23 -0500 Subject: [PATCH 2/2] Integrate advice from mwithm --- _posts/2020-11-23-bisq-v1.5.0-highlights.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/_posts/2020-11-23-bisq-v1.5.0-highlights.md b/_posts/2020-11-23-bisq-v1.5.0-highlights.md index 64bb98a9..e99bdae1 100644 --- a/_posts/2020-11-23-bisq-v1.5.0-highlights.md +++ b/_posts/2020-11-23-bisq-v1.5.0-highlights.md @@ -8,9 +8,9 @@ lang: en Bisq v1.5.0 was just released, and it's quite a notable update. -## SegWit Integrated Completed +## SegWit Integration Completed -Bisq v1.4.2 introduced segwit addresses for funding and withdrawing, meaning you could send funds from an external wallet to a `bech32` address in Bisq and withdraw funds from Bisq to an external `bech32` address. While this was a huge step forward, trade transactions didn't use segwit, and no Bisq transactions took advantage of fee optimizations enabled by segwit. +Bisq v1.4.2 introduced segwit addresses for funding and withdrawing, meaning you could send funds from an external wallet to a bech32 address in Bisq and withdraw funds from Bisq to an external bech32 address. While this was a huge step forward, trade transactions didn't use segwit, and no Bisq transactions took advantage of fee optimizations enabled by segwit. Bisq v1.5.0 completes the integration by implementing segwit across the trade protocol and implementing segwit fee optimizations, saving users on fees for every trade tx and withdrawal tx.