diff --git a/_data/fr.yml b/_data/fr.yml index 555706a8..e4bae747 100644 --- a/_data/fr.yml +++ b/_data/fr.yml @@ -99,7 +99,7 @@ dao_page_text: whatText: "

Le DAO de Bisq permet le transfert de valeur des traders vers les contributeurs. Le jeton BSQ rend cela possible de manière décentralisée.

Les frais de trading sont distribués aux contributeurs sans les restrictions d'une société ou d'une autre entité légale, gardant Bisq apatride et souverain.

" whatLinkText: En savoir plus sur la DAO howTitle: "Comment ça fonctionne?" - howText: "
Répartition des revenus
\n

Pour répartir les revenus provenant des frais de trading aux contributeurs, Bisq utilise BSQ - une jeton de couleur basé sur le protocole bitcoin. Les contributeurs reçoivent des BSQ lorsque les parties prenantes approuvent leurs demandes de rémunération par le biais d'un vote, et les BSQ deviennent \" incolore \" lorsque les traders l'utilisent pour payer les frais de trading.

Il n'existe pas de structure centralisée de collecte ou de création de BSQ—Les stakeholders de BSQ sont collectivement en charge du processus d'émission..

Ce n'est pas une ICO. Aucun BSQ n'est vendu pour lever des fonds.

\n\n
Prise de décision
\n

Sans PDG ni équipe de direction centrale, Les stakeholders de Bisq —traders et contributeurs—sont les propriétaires des Bisq.

Au travers d'un consensus social (par le vote), ils déterminent la stratégie de projet de Bisq.

\n
" + howText: "
Répartition des revenus
\n

Pour répartir les revenus provenant des frais de trading aux contributeurs, Bisq utilise BSQ - une jeton de couleur basé sur le protocole Bitcoin. Les contributeurs reçoivent des BSQ lorsque les parties prenantes approuvent leurs demandes de rémunération par le biais d'un vote, et les BSQ deviennent \" incolore \" lorsque les traders l'utilisent pour payer les frais de trading.

Il n'existe pas de structure centralisée de collecte ou de création de BSQ—Les stakeholders de BSQ sont collectivement en charge du processus d'émission..

Ce n'est pas une ICO. Aucun BSQ n'est vendu pour lever des fonds.

\n\n
Prise de décision
\n

Sans PDG ni équipe de direction centrale, Les stakeholders de Bisq —traders et contributeurs—sont les propriétaires des Bisq.

Au travers d'un consensus social (par le vote), ils déterminent la stratégie de projet de Bisq.

\n
" howLinkText: Pour en savoir plus sur la DAO benefitsTitle: "Avantages" benefitsText: "
Traders: Rendez Bisq durable
Contributeurs: Obtenez des BSQ
" diff --git a/_data/languages.yml b/_data/languages.yml index 64c29800..f0b4bc9e 100644 --- a/_data/languages.yml +++ b/_data/languages.yml @@ -3,28 +3,28 @@ enabled: No accept_languages: ["en", "en-us", "en-au", "en-nz", "en-za", "en-bz", "en-tt"] site_name: "Bisq - A decentralized bitcoin exchange network" - site_desc: "Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies." + site_desc: "Bisq is an open-source desktop application that allows you to buy and sell bitcoin in exchange for national currencies, or alternative cryptocurrencies." telegram_link: https://t.me/bisq_p2p - name: "Deutsch" tag: "de" enabled: Yes accept_languages: ["de"] site_name: "Bisq - Der dezentrale Bitcoin Exchange" - site_desc: "Bisq ist eine Open-Source-Desktop-Anwendung, die es Ihnen ermöglicht, Bitcoins im Austausch gegen nationale Währungen oder alternative Krypto-Währungen zu kaufen und zu verkaufen." + site_desc: "Bisq ist eine Open-Source-Desktop-Anwendung, die es Ihnen ermöglicht, Bitcoin im Austausch gegen nationale Währungen oder alternative Krypto-Währungen zu kaufen und zu verkaufen." telegram_link: https://t.me/bisq_p2p - name: "Español" tag: "es" enabled: Yes accept_languages: ["es", "es-mx", "es-gt", "es-cr", "es-pa", "es-do", "es-ve", "es-co", "es-pe", "es-ar", "es-ec", "es-cl", "es-uy", "es-py", "es-bo", "es-sv", "es-hn", "es-ni", "es-pr"] site_name: "Bisq - A decentralized bitcoin exchange network" - site_desc: "Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies." + site_desc: "Bisq is an open-source desktop application that allows you to buy and sell bitcoin in exchange for national currencies, or alternative cryptocurrencies." telegram_link: https://t.me/bisqes - name: "Français" tag: "fr" enabled: Yes accept_languages: ["fr", "fr-FR"] - site_name: "Bisq - La plateforme d'échange de Bitcoin décentralis" - site_desc: "Bisq est une application desktop open-source qui vous permet d'acheter et de vendre des bitcoins contre des devises nationales ou des altcoins." + site_name: "Bisq - La plateforme d'échange de bitcoin décentralis" + site_desc: "Bisq est une application desktop open-source qui vous permet d'acheter et de vendre des bitcoin contre des devises nationales ou des altcoins." telegram_link: https://t.me/bisq_p2p - name: "日本語" tag: "ja" @@ -37,8 +37,8 @@ tag: "pt-PT" enabled: Yes accept_languages: ["pt", "pt-PT"] - site_name: "Bisq - A exchange de Bitcoin descentralizada" - site_desc: "Bisq é uma aplicação de desktop open-source que lhe permite comprar e vender bitcoins em troca de moedas nacionais ou altcoin." + site_name: "Bisq - A exchange de bitcoin descentralizada" + site_desc: "Bisq é uma aplicação de desktop open-source que lhe permite comprar e vender bitcoin em troca de moedas nacionais ou altcoin." telegram_link: https://t.me/bisq_p2p - name: "简体中文" tag: "zh-CN" @@ -51,8 +51,8 @@ tag: "pt-BR" enabled: Yes accept_languages: ["pt-BR"] - site_name: "Bisq - A exchange de Bitcoin descentralizada" - site_desc: "Bisq é uma aplicação de desktop open-source que lhe permite comprar e vender bitcoins em troca de moedas nacionais ou altcoin." + site_name: "Bisq - A exchange de bitcoin descentralizada" + site_desc: "Bisq é uma aplicação de desktop open-source que lhe permite comprar e vender bitcoin em troca de moedas nacionais ou altcoin." telegram_link: https://t.me/bisqbrasil - name: "Русский" tag: "ru" diff --git a/_includes/how_to_update.md b/_includes/how_to_update.md index f1298b17..1faeac3f 100644 --- a/_includes/how_to_update.md +++ b/_includes/how_to_update.md @@ -7,7 +7,7 @@ Example using `pt-BR` download translated files ---- go to transifex, get your language and download the files: -https://www.transifex.com/bisq/bisq-website/ +https://www.transifex.com/bisq/bisq-website/ You should end up with 6 files: 1. `for_use_bisq-website_community_pt_BR.md` @@ -34,7 +34,7 @@ i.e. copying `pt-PT` as `pt-BR` Adapt the headers ---- -Within the folder you just created, in the markdown files (.md) +Within the folder you just created, in the markdown files (.md) edit the parts that need changing. ``` @@ -63,7 +63,7 @@ these are the strings/parameters: enabled: No accept_languages: ["en", "en-us", "en-au", "en-nz", "en-za", "en-bz", "en-tt"] site_name: "Bisq - A decentralized bitcoin exchange network" - site_desc: "Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies." + site_desc: "Bisq is an open-source desktop application that allows you to buy and sell bitcoin in exchange for national currencies, or alternative cryptocurrencies." ``` diff --git a/_posts/2014-12-16-bitsquare-now-in-alpha.md b/_posts/2014-12-16-bitsquare-now-in-alpha.md index 2e754f94..d27b6abe 100644 --- a/_posts/2014-12-16-bitsquare-now-in-alpha.md +++ b/_posts/2014-12-16-bitsquare-now-in-alpha.md @@ -12,19 +12,19 @@ If you're reading this, you've probably gathered that Bitsquare is a _decentrali 1. the Bitsquare client: a cross-platform, open source, JVM-based desktop application; 2. the Bitsquare network: a distributed hash table (DHT) loosely similar to that used in BitTorrent; - 3. the Bitsquare protocol: a secure approach to trading and arbitration using bitcoin's built-in multi-signature transaction capabilities. + 3. the Bitsquare protocol: a secure approach to trading and arbitration using Bitcoin's built-in multi-signature transaction capabilities. -Together, these components form a peer-to-peer system without centralized control and without single points of failure. That's what _decentralized_ means to us, and if that description reminds you of bitcoin itself, that's good, because Bitsquare was designed to reflect bitcoin's own principles and philosophy. Simply put, Bitsquare is built on the idea that individuals should be free to engage in mutually beneficial exchange without sacrificing the privacy of their personal information or the security of the funds being traded. +Together, these components form a peer-to-peer system without centralized control and without single points of failure. That's what _decentralized_ means to us, and if that description reminds you of Bitcoin itself, that's good, because Bitsquare was designed to reflect Bitcoin's own principles and philosophy. Simply put, Bitsquare is built on the idea that individuals should be free to engage in mutually beneficial exchange without sacrificing the privacy of their personal information or the security of the funds being traded. One way to think about Bitsquare is to imagine what a [Satoshi Square][3] meeting might look like if it were held online—in fact, that's where the _square_ in Bit_square_ comes from. Satoshi Squares happen all over the world, and they're all about regular people getting together to buy and sell bitcoin in a safe space. And that's what Bitsquare is about too. Our primary goal is not to build a highly sophisticated platform for day traders—it's to build a secure, privacy-respecting, and user-friendly way for everyday people to buy and sell bitcoin from anywhere in the world. -In short, we think the bitcoin ecosystem deserves an exchange option that is as decentralized and robust as bitcoin itself. We hope you do too—and if you do, you probably have many questions about how it all works. The [white paper][4] and [FAQ][5] are great places to start getting those questions answered. We look forward to diving into all the specifics in future blog posts and videos, but don't hesitate to reach out and ask questions directly in the meantime. +In short, we think the Bitcoin ecosystem deserves an exchange option that is as decentralized and robust as Bitcoin itself. We hope you do too—and if you do, you probably have many questions about how it all works. The [white paper][4] and [FAQ][5] are great places to start getting those questions answered. We look forward to diving into all the specifics in future blog posts and videos, but don't hesitate to reach out and ask questions directly in the meantime. ### Who is Bitsquare? The Bitsquare core team is Manfred Karrer, Chris Beams, Steve Myers, Richard Myers and Lloyd Johnson. We've been fortunate to have the help of many other contributors along the way, and we're on the lookout for additional developers and security experts to join us. -Our team members live in the US, Europe and Australia, and have come together to work on Bitsquare out of mutual passion for bitcoin's potential and the belief that decentralized exchanges are a critical infrastructural element currently missing from the bitcoin ecosystem. +Our team members live in the US, Europe and Australia, and have come together to work on Bitsquare out of mutual passion for Bitcoin's potential and the belief that decentralized exchanges are a critical infrastructural element currently missing from the Bitcoin ecosystem. We are not—and do not intend to become—incorporated as a business of any kind in any jurisdiction. We're a global group of developers and technologists committed to making Bitsquare's decentralized exchange a reality—nothing more, nothing less. To sustain and accelerate our development efforts, we'll raise money through crowdfunding on a per-milestone basis, starting with our next milestone (v0.2). We'll be announcing complete details soon; in the meantime, feel free to take a look at our [crowdfunding][8] and [governance][9] docs. @@ -36,14 +36,14 @@ As mentioned above, Bitsquare is now in _alpha_ with today's release of version Sounds pretty good so far, right? Well, here's the _alpha_ part: - - All bitcoin operations take place on the bitcoin [testnet][10] during the alpha phase. This means you can't trade "real" (mainnet) bitcoins yet, and you'll need to get test coins from a [testnet][11] [faucet][12]. + - All Bitcoin operations take place on the Bitcoin [testnet][10] during the alpha phase. This means you can't trade "real" (mainnet) bitcoin yet, and you'll need to get test coins from a [testnet][11] [faucet][12]. - Because real bitcoins aren't being traded, no real national currency is traded either. We recommend "simulating" this step of the protocol with your trading partner via chat or email. - Because the project is still young, Bitsquare's offer book may be empty at any given time, meaning you may need to seek out a trading partner. You might want to ask a friend or find someone in the [#bitsquare-trading][14] IRC channel. - Depending on your network configuration and router equipment, you may have issues connecting to the Bitsquare network. For example, you may need to [configure manual port forwarding][15] on your home router. There are other limitations as well, but hopefully you get the idea—Bitsquare is working software, but it's _alpha-quality_ working software. You should expect a few bumps, but we hope you'll join us for the ride anyway. -We've published a [roadmap][16] detailing a series of nine milestones on the way to Bitsquare v1.0. Today we're releasing v0.1. The next milestone release will (unsurprisingly) be v0.2, and so on. Bitsquare will keep its _alpha_ designation for as many milestones as necessary until it becomes reasonable to begin testing small trades on the bitcoin mainnet. At that point, we'll announce that Bitsquare is in _beta_, and of course this will mean the start of real national currency trading as well. +We've published a [roadmap][16] detailing a series of nine milestones on the way to Bitsquare v1.0. Today we're releasing v0.1. The next milestone release will (unsurprisingly) be v0.2, and so on. Bitsquare will keep its _alpha_ designation for as many milestones as necessary until it becomes reasonable to begin testing small trades on the Bitcoin mainnet. At that point, we'll announce that Bitsquare is in _beta_, and of course this will mean the start of real national currency trading as well. Bitsquare will exit _beta_ with the release of v1.0, which we're setting a high bar for. To us, v1.0 means that users must be able to expect with a high degree of certainty that their information and funds are safe under any condition or failure mode, and that in the case of a dispute or misunderstanding, Bitsquare's decentralized arbitration system is standing by to help. The release of v1.0 will also carry with it [certain guarantees][17] about interoperability and compatibility with subsequent versions of the software. diff --git a/_posts/2015-01-14-why-decentralisation-is-essential-for-bitcoins-utility-as-money.md b/_posts/2015-01-14-why-decentralisation-is-essential-for-bitcoins-utility-as-money.md index 8678835f..21a2c108 100644 --- a/_posts/2015-01-14-why-decentralisation-is-essential-for-bitcoins-utility-as-money.md +++ b/_posts/2015-01-14-why-decentralisation-is-essential-for-bitcoins-utility-as-money.md @@ -1,23 +1,23 @@ --- layout: post -title: "Why decentralisation is essential for bitcoin's utility as money" +title: "Why decentralisation is essential for Bitcoin's utility as money" author: Manfred Karrer lang: en --- -There was recently an important incident in the bitcoin space. +There was recently an important incident in the Bitcoin space. No, I am not talking about what happened at [Bitstamp][1]. Theft is not a systemic risk. All the big bank robberies never threatened the monetary system. Those companies need to improve their security and even with the best security there will always be left some risk for theft. -What concerned me much more is a case where I might lose my bitcoin not because somebody has stolen it, but because somebody started to destroy bitcoin as money. +What concerned me much more is a case where I might lose my bitcoin not because somebody has stolen it, but because somebody started to destroy Bitcoin as money. [Coinbase][2] has ([not the first time][3]) caused some concerns as they are tracing coins. That is a systemic danger much more serious than even the MtGox incident. ### Why is this a problem? -[Bitcoins anonymity][4] (or better pseudonymity) is based on the assumption that you cannot match an address to the real identity of the person owning it. All bitcoin transactions are connected and you can analyze quite well the flow of the money. As soon as you are able to match addresses to real identities, you are weakening the anonymity potential of bitcoin. With [coin merge][5] you lose even the anonymity of not yet matched coins. +[Bitcoin's anonymity][4] (or better pseudonymity) is based on the assumption that you cannot match an address to the real identity of the person owning it. All Bitcoin transactions are connected and you can analyze quite well the flow of the money. As soon as you are able to match addresses to real identities, you are weakening the anonymity potential of Bitcoin. With [coin merge][5] you lose even the anonymity of not yet matched coins. -Anonymity is for bitcoin [even more important][6] than for national currencies as the block chain is completely public. +Anonymity is for Bitcoin [even more important][6] than for national currencies as the block chain is completely public. Coin tracing gets much worse when the huge majority of bitcoin entry and exit gateways are in the hands of companies which know the real identities behind the addresses. @@ -31,19 +31,19 @@ If that surveillance potential is not enough to alarm us, lets have a look at fu [Fungibility][9] is an **essential property of money** and any attack on that would destroy its value. -That is why I am much more concerned about what Coinbase is doing than the hacks at Bitstamp or last year at MtGox. Nobody could steal my bitcoins if I am not using those companies, but if they are attacking bitcoin's fungibility, they are attempting to destroy my bitcoins as well. +That is why I am much more concerned about what Coinbase is doing than the hacks at Bitstamp or last year at MtGox. Nobody could steal my bitcoin if I am not using those companies, but if they are attacking Bitcoin's fungibility, they are attempting to destroy my bitcoin as well. -### But how can we be sure that bitcoin companies are not logging and tracing transactions? +### But how can we be sure that Bitcoin companies are not logging and tracing transactions? -Should we simply trust them from some terms of conditions statement? Should we ask for legal protection and regulation? You would probably not be in the bitcoin boat if you would rely on models based on trust in legacy systems. So we need better solutions. +Should we simply trust them from some terms of conditions statement? Should we ask for legal protection and regulation? You would probably not be in the Bitcoin boat if you would rely on models based on trust in legacy systems. So we need better solutions. Lets get back to the above example: It is very easy to trace if one company is used as exchange and as payment processor for merchants at the same time. It gets a bit harder to collect meaningful information if there are several companies involved, but for a governmental agency that is also not a hurdle. If they are distributed in different countries it gets a bit harder again, but hacking into foreign countries' companies is nothing that would cause a headache to the three letter agencies. -Solutions like [CoinJoin][10] and [merge avoidance][11] are very important tools to improve the anonymity of bitcoin, but we can do even better with decentralizing the important gateways like exchanges and markets. +Solutions like [CoinJoin][10] and [merge avoidance][11] are very important tools to improve the anonymity of Bitcoin, but we can do even better with decentralizing the important gateways like exchanges and markets. In a pure P2P economy where monetary transactions are handled in a decentralized manner, everyone acts as both a provider and consumer of goods and services. In this model surveillance would need to be expanded to all participants in order to trace all transactions. That would at least raise the costs of mass surveillance significantly. -A fully P2P economy may not be realistic for various reasons, but it should be clear that **decentralized gateways** reduce threats to fungibility and therefore help to **preserve an essential property of bitcoin as money**. +A fully P2P economy may not be realistic for various reasons, but it should be clear that **decentralized gateways** reduce threats to fungibility and therefore help to **preserve an essential property of Bitcoin as money**. [1]: http://insidebitcoins.com/news/bitstamp-theft-was-unfortunate-but-predictable-time-to-go-back-to-bitcoins-roots/28429 [2]: https://www.reddit.com/r/Bitcoin/comments/2q90m9/coinbase_is_monitoring_your_transactions_poorly/ diff --git a/_posts/2015-01-22-reality-check.md b/_posts/2015-01-22-reality-check.md index 563c2654..f6f5d080 100644 --- a/_posts/2015-01-22-reality-check.md +++ b/_posts/2015-01-22-reality-check.md @@ -36,13 +36,13 @@ We decided to use an iterative crowdfunding model[12] with Lighthouse for pushin Such a model comes with some difficulties: -It is not easy today to get attention in the bitcoin media space. +It is not easy today to get attention in the Bitcoin media space. There is a huge competition for getting the signal above all the noise. We don't have any marketing budget for hiring PR professionals and it wouldn't fit into our philosophy and style as well. We have limited time ourselves and already spent way too much time on those non-development tasks! So we are highly dependent on our community to support us in our marketing and communication efforts. -The iterative approach does not give us any security for the next funding rounds and it is hard to keep developers in such an uncertain environment. To be in competition with companies in an emerging market like bitcoin, that offer equity and high compensation to key developers, does not make the situation easier. To find and keep developers for open source projects which are struggling to just pay the basic living expenses, seems already to be an incredible difficult task. +The iterative approach does not give us any security for the next funding rounds and it is hard to keep developers in such an uncertain environment. To be in competition with companies in an emerging market like Bitcoin, that offer equity and high compensation to key developers, does not make the situation easier. To find and keep developers for open source projects which are struggling to just pay the basic living expenses, seems already to be an incredible difficult task. We're not claiming that our approach is the golden solution, it is just the best that we could come up with after much time of debating and considering and the one which aligns cleanest to our initial motivation why we started to build such kind of project. @@ -79,13 +79,13 @@ The fact that we deal with money makes the situation more difficult as it introd We tried hard to find a funding model which is closely aligned to our constitutional ideas of decentralization. Using that iterative crowdfunding model with Lighthouse seemed to be the best fit. We are aware that it is not easy and we need our community to support our efforts to spread the word and to reach our funding goal. -It is an opportunity for us and for the bitcoin community to evaluate its values, to check where we are and where we are aiming to go. Bitcoin is not just the next PayPal, it has a revolutionary potential and that is the reason why we are in and why we are working hard to make that project a reality. +It is an opportunity for us and for the Bitcoin community to evaluate its values, to check where we are and where we are aiming to go. Bitcoin is not just the next PayPal, it has a revolutionary potential and that is the reason why we are in and why we are working hard to make that project a reality. ## Committed to Satoshis vision of bitcoin -In times when big banks and Wall Street giants are entering the bitcoin space with [investments of 75M USD][15] in exchanges which are representing more or less the opposite of what we are standing for, it is time to act: It is time to bring new infrastructure to bitcoin which is following bitcoins inherent concept of decentralisation and protection of privacy. +In times when big banks and Wall Street giants are entering the Bitcoin space with [investments of 75M USD][15] in exchanges which are representing more or less the opposite of what we are standing for, it is time to act: It is time to bring new infrastructure to Bitcoin which is following Bitcoin's inherent concept of decentralisation and protection of privacy. -It is in our hands whether bitcoin moves more and more into a direction guided by banks and the existing power elite or if we can keep bitcoin as what it originally stood for us early adopters, for that why we initially got excited about bitcoin: To change the world, to help to distribute the overwhelming wealth of the few to the other 99%. To challenge the century old elites of power and help to make them obsolete. To force governments to redefine themselves in a new model, not based on the creation and control of money, but on the purpose of organizing communities to efficiently produce value for all participants. +It is in our hands whether Bitcoin moves more and more into a direction guided by banks and the existing power elite or if we can keep Bitcoin as what it originally stood for us early adopters, for that why we initially got excited about Bitcoin: To change the world, to help to distribute the overwhelming wealth of the few to the other 99%. To challenge the century old elites of power and help to make them obsolete. To force governments to redefine themselves in a new model, not based on the creation and control of money, but on the purpose of organizing communities to efficiently produce value for all participants. And when already caught in such a solemn mood, lets finish with our favorite quote: diff --git a/_posts/2015-02-10-crowdfunding-campaign-conclusion.md b/_posts/2015-02-10-crowdfunding-campaign-conclusion.md index 4a936de0..a0613362 100644 --- a/_posts/2015-02-10-crowdfunding-campaign-conclusion.md +++ b/_posts/2015-02-10-crowdfunding-campaign-conclusion.md @@ -13,19 +13,19 @@ In summary, the campaign raised 54,03480061 BTC (45%) of our 120 BTC goal from [ We appreciate every pledge, but in particular we would like to thank the community leaders whose public pledges also served as a vote of confidence for what we are doing. In particular, [Mike Hearn][3] (1 BTC), [Olivier Janssens][4] (10 BTC) and [Arthur Falls][5] (3,03629). -We would also like to thank the members of the bitcoin media who supported our campaign by writing or podcasting about the project. We encourage you to read or listen to the links on our [press page][6] and pass them on to your friends and followers. We believe there are many in the bitcoin community who share our vision, but do not know about Bitsquare and would be excited to learn more about how a truly decentralized bitcoin exchange is becoming a reality. +We would also like to thank the members of the Bitcoin media who supported our campaign by writing or podcasting about the project. We encourage you to read or listen to the links on our [press page][6] and pass them on to your friends and followers. We believe there are many in the Bitcoin community who share our vision, but do not know about Bitsquare and would be excited to learn more about how a truly decentralized bitcoin exchange is becoming a reality. **Lessons Learned** Overall our experiment using Lighthouse for crowd funding was a great success. The technology works well and we feel overall it enhanced our ability to attract pledges. -That said, there are some lessons learned that we will share. We had a few comments that our minimum pledge amount was too high. We would have preferred a lower amount also, but due to a [technical limitation][7] of bitcoin we set it as low as we could. In retrospect, we might have benefited from a lower minimum pledge but ultimately it is unlikely to have changed the outcome of our campaign. +That said, there are some lessons learned that we will share. We had a few comments that our minimum pledge amount was too high. We would have preferred a lower amount also, but due to a [technical limitation][7] of Bitcoin we set it as low as we could. In retrospect, we might have benefited from a lower minimum pledge but ultimately it is unlikely to have changed the outcome of our campaign. Another lesson learned is that if we had run our campaign longer the publicity about our project might have reached more people. Unfortunately our full time developers were already well past their financial limits before Lighthouse was available so our only option was an aggressively short campaign. We will not forget our supporters and look forward to validating your confidence in us. Please get in touch if you can contribute some time to the project for development or testing. -You will need to revoke your Bitsquare pledge from within Lighthouse, but we encourage you to investigate the many other [worthy projects][8] using Lighthouse, especially those that support decentralization and core bitcoin development. +You will need to revoke your Bitsquare pledge from within Lighthouse, but we encourage you to investigate the many other [worthy projects][8] using Lighthouse, especially those that support decentralization and core Bitcoin development. Thank you from all of us on the Bitsquare team! diff --git a/_posts/2015-03-12-update.md b/_posts/2015-03-12-update.md index 59953e78..67848368 100644 --- a/_posts/2015-03-12-update.md +++ b/_posts/2015-03-12-update.md @@ -18,13 +18,13 @@ Considering the limited financial scope I tried to figure out what would be the The main element which is not included for that reduced version is the decentralized arbitration system but a static arbitrator will be available to solve disputes. The planned communication tools in case of a dispute will be postponed as well. Also the number of payment methods might be more limited as original planned. -If the initial version will already include a Bitcoin-to-Altcoin exchange needs a bit more investigation for the included extra effort, but it is likely that this will be part of the Beta launch. +If the initial version will already include a bitcoin-to-altcoin exchange needs a bit more investigation for the included extra effort, but it is likely that this will be part of the Beta launch. After that Beta has successfully launched and depending on the feedback and acceptance of the community I will go on working on the full version like it was planned in our roadmap. The unsolved funding problems will remain but there are some ideas to explore and who knows, maybe the bitcoin price will rise and help us as well? We will need some help for testing the application in a larger group to see how stable the P2P network behaves in real life conditions. We will announce that as soon as we are ready for such a testing session. -Stay tuned and I hope we are getting closer to a fully decentralized Fiat-Bitcoin exchange. +Stay tuned and I hope we are getting closer to a fully decentralized fiat-bitcoin exchange. [1]: https://github.com/bitsquare/bitsquare/releases/tag/v0.1.1 [2]: https://github.com/vinumeris/updatefx diff --git a/_posts/2015-06-18-development-update.md b/_posts/2015-06-18-development-update.md index a18939b9..234b639d 100644 --- a/_posts/2015-06-18-development-update.md +++ b/_posts/2015-06-18-development-update.md @@ -8,7 +8,7 @@ It was a bit quiet here the last months, but there was going on a lot on the dev I have implemented the support for various **payment methods** (OKPay, SEPA, AliPay, Swish, …) and the **arbitration system**. -We also have now **Altcoins support!** So you can change safely and in a decentralized way your Altcoin against Bitcoin. +We also have now **Altcoins support!** So you can change safely and in a decentralized way your altcoin against bitcoin. The arbitration system comes with a complete messaging/chat system so it is integrated to the process in a way that it makes the life for arbitrators and traders as easy as possible in case of a dispute. diff --git a/_posts/2015-10-06-new-p2p-network.md b/_posts/2015-10-06-new-p2p-network.md index 93aa2347..e245324b 100644 --- a/_posts/2015-10-06-new-p2p-network.md +++ b/_posts/2015-10-06-new-p2p-network.md @@ -31,7 +31,7 @@ The network routing algorithm used to transport the data (offers) previously sto More sophisticated and effective routing algorithms like [Kademlia routing][10] which is used in DHTs come with a serious Sybil attack risk, as anyone who can control certain nodes could control the storage of certain data. The problem is that the network ID creation is free and the network ID is used to derive the storage location. So you can create a huge amount of netwok IDs and then select those which are giving you the control over the data storage location of the data you want to control. That vulnerability is mitigated with the flooding algorithm as every node stores everything. -Satoshi has chosen the flooding algorithm for Bitcoins P2P network to obtain a highly decentralized and randomized network structure which is very important to secure the network against hostile takeover of parts of the network. +Satoshi has chosen the flooding algorithm for Bitcoin's P2P network to obtain a highly decentralized and randomized network structure which is very important to secure the network against hostile takeover of parts of the network. Though it came with some costs regarding resource usage. As we know, every full node in the Bitcoin network has to store 50 GB of blockchain data. Luckily Bitsquare uses very small amount of short living data and the number of nodes will be much smaller as well. I estimate there will be data storage requirements of a few hundreds of Kilobytes or a few Megabytes. Each data has an expiration date, so our requirements will not cause any scalability problems. diff --git a/_posts/2016-08-05-exploring-the-new-territory.md b/_posts/2016-08-05-exploring-the-new-territory.md index 7745bced..231ac63f 100644 --- a/_posts/2016-08-05-exploring-the-new-territory.md +++ b/_posts/2016-08-05-exploring-the-new-territory.md @@ -70,7 +70,7 @@ Bitcoin seems to become the **wet dream for governments** to get full control an Those companies who are engaged in that business of weakening privacy cannot be considered as anything else than parasites – destroying it's host for short term profits. -So even those who are not convinced of the [importance of the protection of privacy][8] should be alarmed about that, because such a currency will never find mass adoption. No company will use Bitcoin when they know that they have zero privacy with their transactions. Furthermore, people will not accept Bitcoin as payment if they cannot be sure that they can spend it later without risk. The burden of verifying the history of a coin and evaluating it's risk would produce too much friction for mass adoption. All that would make Bitcoin inferior to the USD or EUR. +So even those who are not convinced of the [importance of the protection of privacy][8] should be alarmed about that, because such a currency will never find mass adoption. No company will use Bitcoin when they know that they have zero privacy with their transactions. Furthermore, people will not accept bitcoin as payment if they cannot be sure that they can spend it later without risk. The burden of verifying the history of a coin and evaluating it's risk would produce too much friction for mass adoption. All that would make Bitcoin inferior to the USD or EUR. ### How can a decentralized exchange like Bitsquare help here? diff --git a/_posts/2017-02-22-outcome-of-rebranding-bounty.md b/_posts/2017-02-22-outcome-of-rebranding-bounty.md index bb53ed40..0abe5f87 100644 --- a/_posts/2017-02-22-outcome-of-rebranding-bounty.md +++ b/_posts/2017-02-22-outcome-of-rebranding-bounty.md @@ -32,7 +32,7 @@ The team selected the following winners (listed here in alphabetical order): - [vieuxvicq][8] – for offering high-quality constructive feedback and valuable discussion [silverback][9] – for proposing Bisqui, for being active in the forum and for motivating his/her proposals -These users should contact Manfred, stating their bitcoin address, in order to receive their share of the bounty: 0.1 BTC each. Nevertheless, **we thank everyone who contributed** in the forum for their desire to help the team! +These users should contact Manfred, stating their Bitcoin address, in order to receive their share of the bounty: 0.1 BTC each. Nevertheless, **we thank everyone who contributed** in the forum for their desire to help the team! ### New brand name diff --git a/_posts/2017-03-29-privacy-in-bitsquare.md b/_posts/2017-03-29-privacy-in-bitsquare.md index 86bf0d50..ab5b486e 100644 --- a/_posts/2017-03-29-privacy-in-bitsquare.md +++ b/_posts/2017-03-29-privacy-in-bitsquare.md @@ -78,7 +78,7 @@ In future we will decouple that by using an optional GPG key for reputation and ## Privacy in Fiat trades -When the users are trading Bitcoin with a national currency the transfer of the Fiat currency requires usually some personally identifying data. +When the users are trading bitcoin with a national currency the transfer of the Fiat currency requires usually some personally identifying data. With a bank transfer it is typically the name and the bank account number. With other payment methods it might be an email address or phone number (e.g. ClearXchange, Interac, Swish,…). Only with OKPay and PerfectMoney an account number alone is sufficient. But even there the account is usually verified in the registration process at the payment provider so the company knows the real life identity behind that account number. @@ -108,7 +108,7 @@ This connects the trades at the Bitcoin [transaction graph](https://www.youtube. To avoid that, you need to fund each offer independently from an external wallet and withdraw the funds at the end of the trade to an external wallet. Of course you need to take care that you don't leak your privacy with **coin merge** again in the external wallet (you can use multiple external wallets as well to make that easier). -UI-wise that strategy is [fully supported](https://github.com/bitsquare/bitsquare/wiki/Dedicated-trade-wallets) in Bisq (in fact it was the only option initially) but we are aware that most people prefer the more convenient usage of the internal wallet to re-use bitcoins from one trade for funding the next trade. +UI-wise that strategy is [fully supported](https://github.com/bitsquare/bitsquare/wiki/Dedicated-trade-wallets) in Bisq (in fact it was the only option initially) but we are aware that most people prefer the more convenient usage of the internal wallet to re-use bitcoin from one trade for funding the next trade. Unfortunately there is no good solution to combine both **convenience with privacy** here. To offer a tool (similar to coin control in Bitcoin Core) to let the user decide which unspent transaction outputs (UTXO) should be used for funding an offer or trade might help to mitigate the problem. But there is some complexity and difficulty involved to decide which UTXO to use as well the problem that often you don't have enough options to choose from. So that approach does not look like a feasible strategy to solve that issue. It is a conceptual problem from the way how transactions are connected in a graph in Bitcoin. @@ -181,7 +181,7 @@ The others are probably leaking their privacy already in many other areas as wel This is not a satisfying situation though as we want to provide **privacy by default** in a user friendly manner. Convenience and privacy are unfortunately often hard to combine. But we will continue to work to find the best solutions to solve those current weaknesses. -With all that said we have to emphasize that **Bisq has already archived a very high level of privacy protection** and clearly **outperforms any other Bitcoin exchange** in that matter. +With all that said we have to emphasize that **Bisq has already archived a very high level of privacy protection** and clearly **outperforms any other bitcoin exchange** in that matter. * No registration required. No centralized data collection. * We use Tor by default for all network traffic. So your IP address never get leaked! * Our UI supports coin merge avoidance. diff --git a/_posts/2017-07-20-the-bisq-dao-manifesto.md b/_posts/2017-07-20-the-bisq-dao-manifesto.md index 30cbcafa..21d1cddc 100644 --- a/_posts/2017-07-20-the-bisq-dao-manifesto.md +++ b/_posts/2017-07-20-the-bisq-dao-manifesto.md @@ -15,7 +15,7 @@ The Bisq DAO is a DAO that has been carefully designed to be stable against pert **Fees:** Most actions in the Bisq DAO cost a fee. This is by design to avoid various types of spam. We have noted that free services, for example e-mail, virtually guarantees that spam will arise. For instance, to vote or to make a proposal to the Bisq DAO will cost a fee. Essentially nothing is this world is really free and we think the cost should be very explicit to avoid externalizing the cost to others. -**Transparency:** The Bisq DAO is open source and relevant token and bitcoin transactions on Bisq are fully visible. The economic transactions are very transparent in the Bisq DAO in contrast to the situation in most conventional companies. It will thus be far easier to evaluate the value of the Bisq DAO compared with standard organisations, which seldom (never) allow full inspection of their books at all times. +**Transparency:** The Bisq DAO is open source and relevant token and Bitcoin transactions on Bisq are fully visible. The economic transactions are very transparent in the Bisq DAO in contrast to the situation in most conventional companies. It will thus be far easier to evaluate the value of the Bisq DAO compared with standard organisations, which seldom (never) allow full inspection of their books at all times. **Governance and qualified voting:** Stakeholders have voting "rights". However we do not see voting as a "right" at all. Voting is difficult and should not be taken lightly, certainly not as lightly as is often the case in our society, where voter apathy and random or even malicious voting is very prevalent. Only stakeholders having sufficient stakes can vote on proposals and voting will cost a fee. This will counteract spam voting and encourage very thoughtful voting. diff --git a/_posts/2019-03-29-max-hillebrand-interview-privacy.md b/_posts/2019-03-29-max-hillebrand-interview-privacy.md index 88b70b38..23032f86 100644 --- a/_posts/2019-03-29-max-hillebrand-interview-privacy.md +++ b/_posts/2019-03-29-max-hillebrand-interview-privacy.md @@ -2,7 +2,7 @@ layout: post title: "Privacy Best Practices & Bisq: An Interview with Max Hillebrand" author: Ricardo Martinez -excerpt: "Ricardo Martinez interviews Max Hillebrand of the World Crypto Network. They discuss privacy in general, privacy with respect to bitcoin, privacy with respect to Bisq, and more.

" +excerpt: "Ricardo Martinez interviews Max Hillebrand of the World Crypto Network. They discuss privacy in general, privacy with respect to Bitcoin, privacy with respect to Bisq, and more.

" lang: en --- @@ -96,7 +96,7 @@ You only share the opening transaction on-chain. The subsequent commitment chann Since Lightning Network is a network of payment channels, there is privacy when you route payments across this network. It uses a routing protocol called Sphinx, which is very similar to the Tor network’s onion encryption protocol. Every hop in a Lightning payment only knows the peer that passed the payment to it, and the peer they pass it to. They do not know who initiated the payment or who received the payment. -On a conceptual basis, the Lightning Network is already much more private than Bitcoin on-chain transactions.owever, there is still a huge amount of work to be done to reach its full potential in terms of privacy. +On a conceptual basis, the Lightning Network is already much more private than Bitcoin on-chain transactions. However, there is still a huge amount of work to be done to reach its full potential in terms of privacy. Although Lightning has the potential to be private, if we use bad implementations that do not follow best practices, or just carelessly give away our private information, then these privacy benefits suffer tremendously. @@ -104,7 +104,7 @@ This is why libre open source software is so important. Bisq for example, is ver So when a Lightning wallet company has a chain analysis subsidiary, you can be sure they are talking. It’s probably not the best choice to give entities like this your personal information. -**Q: I’m glad you mentioned Bisq because my next question is about Bisq. Have you used it to buy and sell Bitcoin?** +**Q: I’m glad you mentioned Bisq because my next question is about Bisq. Have you used it to buy and sell bitcoin?** A: Yes, Bisq is one of my favorite exchanges if not my favorite exchange period because it is cypherpunk as fuck, as they say. diff --git a/_posts/2019-05-16-let-the-dao-work.md b/_posts/2019-05-16-let-the-dao-work.md index 4569ceb8..cc19f3a4 100644 --- a/_posts/2019-05-16-let-the-dao-work.md +++ b/_posts/2019-05-16-let-the-dao-work.md @@ -14,7 +14,7 @@ So with all that in mind I had planned to step back from most of my roles in Bis So this moment might be a good occasion to look back to what we have achieved and look forward what is on our roadmap. -- Bisq is the only really decentralised Bitcoin-Fiat exchange +- Bisq is the only really decentralised bitcoin-fiat exchange - We have developed the first Bitcoin based DAO - We built up a strong community of contributors - We earned a great reputation and Bisq became a quite well recognised brand in the Bitcoin community diff --git a/_posts/2019-06-04-bitcoin-and-the-store-of-value-narrative.md b/_posts/2019-06-04-bitcoin-and-the-store-of-value-narrative.md index 7f9baaff..893787dd 100644 --- a/_posts/2019-06-04-bitcoin-and-the-store-of-value-narrative.md +++ b/_posts/2019-06-04-bitcoin-and-the-store-of-value-narrative.md @@ -14,9 +14,9 @@ _If you'd like to contribute a post, please reach out on [Keybase](https://keyba
-Since Bitcoin's inception, there has been an endless debate about the explanation of its value. What backs Bitcoin? Does Bitcoin have intrinsic value? Why is Bitcoin demanded? To answer these questions many Bitcoin advocates refer to the principles established by the Austrian School of Economics concluding that Bitcoin's main source of value is being a store of value. I believe this conclusion is the result of the toxic block size debate by which both sides of the debate wrongly narrowed the concept of a medium of exchange to money (cash). +Since Bitcoin's inception, there has been an endless debate about the explanation of its value. What backs bitcoin? Does bitcoin have intrinsic value? Why is bitcoin demanded? To answer these questions many Bitcoin advocates refer to the principles established by the Austrian School of Economics concluding that bitcoin's main source of value is being a store of value. I believe this conclusion is the result of the toxic block size debate by which both sides of the debate wrongly narrowed the concept of a medium of exchange to money (cash). -To make my position clear about the block size, I absolutely advocate for small blocks. I believe that running a Bitcoin full node should be as easy and affordable as possible so the system is not only decentralized but fully distributed where final users have full sovereignty over their Bitcoins. +To make my position clear about the block size, I absolutely advocate for small blocks. I believe that running a Bitcoin full node should be as easy and affordable as possible so the system is not only decentralized but fully distributed where final users have full sovereignty over their bitcoin. Going back to the principles of the Austrian school, the most widely followed monetary theorist of this school, Ludwig Von Mises, developed the [Regression Theorem](https://wiki.mises.org/wiki/Regression_theorem) in his book titled ["The Theory of Money and Credit"](https://mises.org/library/theory-money-and-credit). The theorem states that for an economic good to be money it must primarily have other non-monetary uses before it can become money. Bitcoin does not fit this description. Some economists like [Block and Davidson](https://mises.org/library/bitcoin-regression-theorem-and-emergence-new-medium-exchange) have tried to reinterpret this theorem in order to shoehorn Bitcoin into it by claiming that the Regression Theorem applies only to barter economies and does not apply when there are already monetary prices. I don't think that interpretation is correct and it is also incoherent in and of itself (see [Juan Ramón Rallo rebuttal](https://juanramonrallo.com/mises-y-block-se-equivocan-sobre-sus-teoremas-regresivos-del-dinero/)). @@ -24,7 +24,7 @@ Mises' Regression Theorem is based on the observations made by Carl Menger in hi In an attempt to dodge the Regression Theorem debate others have retorted with Nick Szabo's views in his remarkable essay ["Shelling out: The Origins of Money"](https://nakamotoinstitute.org/shelling-out/), using the collectible and store of value arguments. Szabo's excellent work is also a historical explanation like Menger, but more detailed and precise from an anthropological point of view. -I shall not spend much time rebutting the claim that Bitcoin's source of value at the very beginning was being a collectible in the literal meaning of the term. That was not what Szabo meant and it is not credible at all to say that the first Bitcoin owners demanded it because it was a whimsy, rather than demanding it because they thought it could potentially become a medium of exchange. Bitcoin's first owners knew well why Bitcoin was invented and for what purpose it was intended. +I shall not spend much time rebutting the claim that bitcoin's source of value at the very beginning was being a collectible in the literal meaning of the term. That was not what Szabo meant and it is not credible at all to say that the first bitcoin owners demanded it because it was a whimsy, rather than demanding it because they thought it could potentially become a medium of exchange. Bitcoin's first owners knew well why Bitcoin was invented and for what purpose it was intended. A popular [narrative amongst Bitcoin supporters](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) that apply Szabo's views claim that money **always** evolves through the following stages: @@ -66,7 +66,7 @@ Mises had the following concern regarding new monetary goods that have no other > "A value judgment is, with reference to money, only possible if it can be based on appraisement. The acceptance of a new kind of money presupposes that the thing in question already has previous exchange value on account of the services it can render directly to consumption or production. Neither a buyer nor a seller could judge the value of a monetary unit if he had no information about its exchange value--its purchasing power--in the immediate past." -So, how is it that a completely new monetary good's price is discovered? That is the least of the problems. The owner of Bitcoin might arbitrarily ask for a price and buyers can accept it or bid at a lower price until they agree on the same price. At that point, the first exchange takes place. In the beginning, the price might be totally erratic, but as more market participants are interested, demand and supply builds and the price stabilizes. This continuous auction process is indeed how prices of goods have always been discovered and it is nothing special for money nor anything new that Bitcoin brought. The fact that many other speculators join in later just for the "lambos" without caring about Bitcoin's monetary utility is completely irrelevant in relation to Bitcoin's primary source of value. A subject for another blog post is whether or not speculators and traders are beneficial for Bitcoin. +So, how is it that a completely new monetary good's price is discovered? That is the least of the problems. The owner of bitcoin might arbitrarily ask for a price and buyers can accept it or bid at a lower price until they agree on the same price. At that point, the first exchange takes place. In the beginning, the price might be totally erratic, but as more market participants are interested, demand and supply builds and the price stabilizes. This continuous auction process is indeed how prices of goods have always been discovered and it is nothing special for money nor anything new that Bitcoin brought. The fact that many other speculators join in later just for the "lambos" without caring about Bitcoin's monetary utility is completely irrelevant in relation to bitcoin's primary source of value. A subject for another blog post is whether or not speculators and traders are beneficial for Bitcoin. **Conclusion** diff --git a/_posts/2019-08-22-bisq-dao-first-four-cycles.md b/_posts/2019-08-22-bisq-dao-first-four-cycles.md index bae1bd86..c19d8dfc 100644 --- a/_posts/2019-08-22-bisq-dao-first-four-cycles.md +++ b/_posts/2019-08-22-bisq-dao-first-four-cycles.md @@ -177,4 +177,4 @@ At roughly the same time as the DAO launch in April, it became clear that the ne Also needed quickly is the implementation of [a new trade protocol](https://github.com/bisq-network/proposals/issues/52) to remove arbitrators and embrace off-chain trading. Getting rid of arbitrators is a crucial step forward in hardening the network. This is a significant project that will require more developers to finish it in a reasonable timeframe. -The successful launch of the Bisq DAO made [the ambitious vision](https://docs.bisq.network/dao/phase-zero.html) laid out in Phase Zero real. But big challenges remain, and the network must figure out how to conquer these challenges if it is to really succeed and realize its ultimate vision of becoming _the_ Bitcoin on/off-ramp. +The successful launch of the Bisq DAO made [the ambitious vision](https://docs.bisq.network/dao/phase-zero.html) laid out in Phase Zero real. But big challenges remain, and the network must figure out how to conquer these challenges if it is to really succeed and realize its ultimate vision of becoming _the_ bitcoin on/off-ramp. diff --git a/_posts/2019-09-18-cycle-5-results.md b/_posts/2019-09-18-cycle-5-results.md index 698a230a..226f6ca7 100644 --- a/_posts/2019-09-18-cycle-5-results.md +++ b/_posts/2019-09-18-cycle-5-results.md @@ -45,7 +45,7 @@ _Approved_ Upon approval, this proposal created a bonded role for the _BTC donation address owner_ in the Bisq DAO assigned to burning2019, who [locked the requisite 50 000 BSQ bond](https://explorer.bisq.network/tx.html?tx=45859e0fc3c75db969fb33e85dfd5b35c62743ba8649186ca02703d90579ac3a){:target="_blank"} on Monday. -It also set the `RECIPIENT_BTC_ADDRESS` DAO parameter (aka "donation address") to the bitcoin address specified in the same GitHub proposal linked above. +It also set the `RECIPIENT_BTC_ADDRESS` DAO parameter (aka "donation address") to the Bitcoin address specified in the same GitHub proposal linked above. Part of the core purpose of the Bisq DAO is to [route trading fees directly from traders to contributors](https://bisq.wiki/Introduction_to_the_DAO#earn-and-distribute-revenue#Earn_and_distribute_revenue){:target="_blank"} with no one person or entity authorizing funds, providing funds, or routing funds. This is why we encourage Bisq users to use BSQ to pay trading fees, but we don't coerce, so BSQ is optional. Traders can still pay trading fees in BTC. Instead of going to arbitrators, BTC fees will soon go to the donation address. diff --git a/_posts/2020-01-16-cycle-8-results.md b/_posts/2020-01-16-cycle-8-results.md index 7c20671a..264269b8 100644 --- a/_posts/2020-01-16-cycle-8-results.md +++ b/_posts/2020-01-16-cycle-8-results.md @@ -52,7 +52,7 @@ _Generic proposal and parameter change ([link](https://github.com/bisq-network/p _Accepted_ -Key stakeholders approved a proposal to change the owner of the Bisq donation address. A corresponding parameter change proposal was made to change the bitcoin address in the DAO, and the new owner's 50 000 BSQ bond was locked upon the close of Cycle 8. +Key stakeholders approved a proposal to change the owner of the Bisq donation address. A corresponding parameter change proposal was made to change the Bitcoin address in the DAO, and the new owner's 50 000 BSQ bond was locked upon the close of Cycle 8. --- diff --git a/_posts/2020-02-10-q1-2020-update.md b/_posts/2020-02-10-q1-2020-update.md index 0bddf9e1..d1dbc060 100644 --- a/_posts/2020-02-10-q1-2020-update.md +++ b/_posts/2020-02-10-q1-2020-update.md @@ -15,7 +15,7 @@ The year 2019 was, by almost any reasonable measure, an incredibly successful ye Here is a sampling of the milestones achieved: - v1.0 launched after 4+ years of work -- Bisq DAO launched as perhaps the first and only bitcoin-based DAO +- Bisq DAO launched as perhaps the first and only Bitcoin-based DAO - Of 20,100 total trades done since the DAO launch in 2019, 8,589 used BSQ to pay trading fees - New trading records reached - USD-adjusted volume up 2.6x (from 5,256 BTC to 13,782 BTC) @@ -151,7 +151,7 @@ _You can see more details for how the new support function will work in [this su Although Bisq is a peer-to-peer network that doesn't rely on any central servers, it needs to maintain a number of nodes for various purposes. -Keeping this infrastructure reliable is critical for achieving the project's goals of maintaining a smooth user experience (e.g., seednodes, mobile app alerts, etc) and protecting user privacy (bitcoin nodes, pricenodes, etc) among other things (P2P network monitoring, Matomo website analytics, BSQ block explorers, etc). +Keeping this infrastructure reliable is critical for achieving the project's goals of maintaining a smooth user experience (e.g., seednodes, mobile app alerts, etc) and protecting user privacy (Bitcoin nodes, pricenodes, etc) among other things (P2P network monitoring, Matomo website analytics, BSQ block explorers, etc). ## Moving Forward: Contributors diff --git a/_posts/2021-01-20-cycle-20-results.md b/_posts/2021-01-20-cycle-20-results.md index 83cb35ca..3c263a3f 100644 --- a/_posts/2021-01-20-cycle-20-results.md +++ b/_posts/2021-01-20-cycle-20-results.md @@ -23,7 +23,7 @@ Stakeholders will make new proposals in Cycle 21 for both Cycle 20 and Cycle 21. ### Details -In the vote reveal phase (which lasts 450 blocks), each Bisq node publishes a bitcoin transaction that includes a hash of an ordered list of all voting data objects it received during the blind vote phase. This is done to establish a prevailing view of voting data—since the network is eventually consistent, each node cannot be trusted to have the exact same set of data, so each node must compare the set of data it received with the set of data every other node received. +In the vote reveal phase (which lasts 450 blocks), each Bisq node publishes a Bitcoin transaction that includes a hash of an ordered list of all voting data objects it received during the blind vote phase. This is done to establish a prevailing view of voting data—since the network is eventually consistent, each node cannot be trusted to have the exact same set of data, so each node must compare the set of data it received with the set of data every other node received. Voting weight is the metric used to resolve differences. Recall that each ballot submitted during the blind voting phase has a BSQ stake attached to it—this same voting stake is used to weight voting data views in the vote reveal phase. Nodes with a collective minimum of 80% of the cycle's voting stake must agree on 1 data view, otherwise, the whole voting cycle is invalidated.