npub1p2…k3m82 on Nostr: It would be nice to negotiate the premium on an order before proceeding to the P2P ...
It would be nice to negotiate the premium on an order before proceeding to the P2P chat stage! Keep in mind with the following response that I'm just a humble social media volunteer and am speaking from my understanding of previous discussions with Reckless_Satoshi:
I think an overarching concern when considering how peers communicate is protecting the end-users from fraud. By allowing P2P communications before the escrow is provided, it could (in worst case scenario) lead to attempted scams. A clever scammer might convince or persuade their peer to exchange fiat in an unsafe manner during this pre-escrow negotiation process. It could be as simple as persuading the peer to make the BTC<->FIAT trade off platform for whatever scammy reason, which makes the RoboSats dispute resolution process impossible when comms move off RoboSats. All trade comms with your peer should be kept within RoboSats' E2E encrypted P2P chat because you can export these logs and send to RoboSats staff for a dispute mediatior to review in case of attempted fraud. We want to keep the order flow such that peers only communicate after the seller provides the escrow.
Now, with that in mind, it might be possible that the "negotiation" process before exchanging fiat consists of submitting a new, proposed premium number without any additional context (peers ONLY exchange a number, no words or sentences for scammers to try and explain their tricks to a naive user). For example, you see a premium of 6% on a bitcoin sell order and you submit a negotiation number of "5%" and your peer can accept, decline, or counter offer with another number, like eBay kind of. In that way, end-users are protected and comms prior to submitting escrow are minimized.
Regardless, its a fun idea and worth discussing in more detail in the RoboSats public dev chat group on Matrix! Do you mind posting the idea there too, so others (like devs smarter than me) can see and comment? Thanks for taking time to think about how RoboSats could be made even better!!
P.S. there is a nostr-based exchange in the works, one such notable example is "Mostro" by the same developer who made lnp2pbot! Which RoboSats is heavily inspired by lnp2pbot!
I think an overarching concern when considering how peers communicate is protecting the end-users from fraud. By allowing P2P communications before the escrow is provided, it could (in worst case scenario) lead to attempted scams. A clever scammer might convince or persuade their peer to exchange fiat in an unsafe manner during this pre-escrow negotiation process. It could be as simple as persuading the peer to make the BTC<->FIAT trade off platform for whatever scammy reason, which makes the RoboSats dispute resolution process impossible when comms move off RoboSats. All trade comms with your peer should be kept within RoboSats' E2E encrypted P2P chat because you can export these logs and send to RoboSats staff for a dispute mediatior to review in case of attempted fraud. We want to keep the order flow such that peers only communicate after the seller provides the escrow.
Now, with that in mind, it might be possible that the "negotiation" process before exchanging fiat consists of submitting a new, proposed premium number without any additional context (peers ONLY exchange a number, no words or sentences for scammers to try and explain their tricks to a naive user). For example, you see a premium of 6% on a bitcoin sell order and you submit a negotiation number of "5%" and your peer can accept, decline, or counter offer with another number, like eBay kind of. In that way, end-users are protected and comms prior to submitting escrow are minimized.
Regardless, its a fun idea and worth discussing in more detail in the RoboSats public dev chat group on Matrix! Do you mind posting the idea there too, so others (like devs smarter than me) can see and comment? Thanks for taking time to think about how RoboSats could be made even better!!
P.S. there is a nostr-based exchange in the works, one such notable example is "Mostro" by the same developer who made lnp2pbot! Which RoboSats is heavily inspired by lnp2pbot!