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Bitcoin donation address holder #116

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burning2019 opened this issue Sep 8, 2019 · 4 comments

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@burning2019
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commented Sep 8, 2019

This is a Bisq Network proposal. Please familiarize yourself with the submission and review process.

I would like to become the Bisq donation address owner.
I am willing to set up the required 50000 BSQ bond.
I will buy BSQ with the received BTC at least every 4 weeks and if the BTC balance goes above 50% (currently about 2.5 BTC) I will do the trades more frequently so that the balance does not exceed the 50% mark. I buy the BSQ on Bisq with the average market price in small amounts for fast trading. After the BSQ is purchased I will use the Burn BSQ feature in Bisq to burn the BSQ and convert it back to the BSQ economy.
The BTC address I will use is: 3EtUWqsGThPtjwUczw27YCo6EWvQdaPUyp
With the burn feature I can verify at any time the signature of a challenge message that I did the burning. I will do a monthly report at github.com//issues/116 about the trades and the burned BSQ and BTC balance.
For covering my effort, risks and compensation for locking up the high BSQ bond I will request 1000 BSQ per voting cycle. I bought a new ssd-disk and use a dedicated computer for this role and so on. If the effort is not much I will decrease the request in subsequent cycles. Half the request is for the interest on the bond as well as the volatility risk (the bond is not tradable).

@chimp1984

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commented Sep 8, 2019

Invalid url: github.com//issues/116
Should be probably a new role entry at https://github.com/bisq-network/roles/issues/

For additonal context: This role becomes relevant in context of the new trade protocol which is in development and hopefully gets deplyed in the next 2-4 weeks. See: #52

@m52go

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commented Sep 8, 2019

Looks like there is already an issue:
bisq-network/roles#80

Can assign and document as appropriate once voting approves.

@chimp1984

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commented Sep 8, 2019

Ah good.

Yes process is:

  1. Request for bonded role on proposals repo in GH
  2. If accepted make bond
  3. Now the role is official and can be defined in the roles repo.
@mpolavieja

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commented Sep 16, 2019

Approved on Cycle 5 DAO voting

@mpolavieja mpolavieja closed this Sep 16, 2019

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