flix on Nostr: The point of Bisq being a DEX, not requiring identity and not using reputation is ...
The point of Bisq being a DEX, not requiring identity and not using reputation is precisely to reduce the need for trust. It's a trust-minimised system.
Security deposits and multisig are used in contracts to minimise risk, reduce incentives for fraud and reduce the need for trust.
In the best case, like BTC-BSQ atomic swaps, there is zero risk of fraud. No trust, reputation or identity is needed.
Published at
2024-05-03 12:43:25Event JSON
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"pubkey": "61854976ba1a538b9dfed1b1df9b42e57602790e9354c59891be7b3713db637c",
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"content": "The point of Bisq being a DEX, not requiring identity and not using reputation is precisely to reduce the need for trust. It's a trust-minimised system. \n\nSecurity deposits and multisig are used in contracts to minimise risk, reduce incentives for fraud and reduce the need for trust.\n\nIn the best case, like BTC-BSQ atomic swaps, there is zero risk of fraud. No trust, reputation or identity is needed.",
"sig": "31e1a329b442d303822b08b4452d7305ce36fb17136159a92667395b539f2d301702f0d4a544d331d65ba98f1dd2ec352d07c6290a74b401f8cadb64477c5e9c"
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