Liberty Farmer on Nostr: Bisq absolutely has trust trade offs. Number 1, you are trusting and using reputation ...
Bisq absolutely has trust trade offs. Number 1, you are trusting and using reputation of your Bitcoin seller, but also in the case of disputes, you rely on 3rd party mediators in the DAO.
What do you call that?
It's a great, albeit terribly coded and slow(v1), software/project, but it has tradeoffs. I have used it many times.
But there is zero chance you can easily and safely make a $500,000 Bitcoin purchase KYC free on bisq in a few minutes or even at a day on bisq. There is no market for that on bisq. Most are $500, $1k max. Maybe 10k or 20k but rare.
GTFO.
Published at
2024-12-08 16:22:46Event JSON
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"content": "Bisq absolutely has trust trade offs. Number 1, you are trusting and using reputation of your Bitcoin seller, but also in the case of disputes, you rely on 3rd party mediators in the DAO. \n\nWhat do you call that?\n\nIt's a great, albeit terribly coded and slow(v1), software/project, but it has tradeoffs. I have used it many times.\n\nBut there is zero chance you can easily and safely make a $500,000 Bitcoin purchase KYC free on bisq in a few minutes or even at a day on bisq. There is no market for that on bisq. Most are $500, $1k max. Maybe 10k or 20k but rare.\n\n GTFO.",
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