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From YouTube: Bisq DAO in Brief: For Traders
Description
What does the Bisq DAO change for traders? The most important element is trading fees. We also cover voting, and how voting can be useful to you.
Give the DAO a go right now:
👉 https://docs.bisq.network/getting-started-dao.html
We've collected a bunch of other resources to learn about the DAO here:
👉 https://docs.bisq.network/dao.html
A
A
The
SQ
exists
to
allow
traders
to
pay
contributors
directly
for
their
work
without
any
central
points
of
control,
and
we've
explained
exactly
how
in
the
previous
videos
in
this
series.
But
why
should
you
as
a
trader
care?
Why
should
you
care
that
Biss
contributors
are
compensated
at
all?
After
all,
most
open
source
projects
don't
have
any
mechanism
to
pay
their
contributors.
There's
usually
no
revenue
model
at
all,
so
why
does
bisk
there's
two
reasons
for
this?
The
first
is
to
enable
continual
professional
development
and
support,
while
bisk
does
not
ever
have
custody
of
your
money.
A
It
does
help
to
arrange
and
coordinate
payments,
and
sometimes
rarely
things
don't
go
as
expected.
There
could
be
a
bug
in
the
software.
The
deal
itself
might
not
go
according
to
plan
and
having
developers
and
support
available
to
reliably
squash
bugs
and
help
you
handle.
These
situations
is
important
peace
of
mind.
A
The
second
is
to
help
best
become
the
best
version
of
itself.
Bisque
cannot
provide
sovereignty
to
you.
If
it's
not
sovereign
itself,
every
project
needs
to
be
financially
and
strategically
viable
so
that
it
can
grow
and
by
having
its
own
revenue
model,
bisque
can
grow
on
its
own
and
become
the
best
it
can
be
to
hopefully
I
hope.
One
day
become
the
go-to
censorship
resistant
Fiat
to
crypto
marketplace
that
stateless
sovereign
freeze
can
be
so
that
you
can
trade.
How
you
want
to
trade.
The
world
needs
that.
A
Now
we've
spoken
all
about
bsq
fees
and
how
they
work,
but
what
about
plain
Bitcoin
fees?
What
if
you
choose
to
continue
paying
plain
Bitcoin
for
trading
fees
after
the
launch
of
the
doubt?
Where
do
those
fees
go?
The
answer
is
the
answer.
For
now
is
that
they'll
go
to
bisk
arbitrators?
That's
where
bitcoin
fees
go
right
now,
but
of
course
that
means
that
bisk
developers
and
all
the
people
who
do
design
and
support
and
documentation
and
everything
else
for
the
project
will
continue
to
not
be
paid.
A
So
you
will
be
paying
to
use
bisk,
but
your
payments
won't
help
to
sustain
the
project
and,
furthermore,
a
little
bit
after
the
dow
launch
bisk
will
be
launching
a
new
trade
protocol.
This
protocol
is
going
to
remove
arbitrators
and
so
bitcoin
fees
won't
go
to
arbitrators
anymore,
since
they
won't
be
around
and
what
happens
to
them
is
still
an
open
question.
There's
a
proposal
to
buy
bsq
with
that
bitcoin
there's
another
proposal
to
simply
donate
those
fees
to
other
open
software
projects.
It's
not
really
clear.
A
A
One
last
thing
voting:
this
is
a
totally
voluntary
element
of
the
Dow.
You
only
participate
if
you
like,
but
you
might
want
to
if
you
want
to
have
a
say
in
bisque
strategy.
This
is
because
on
bisque
you're,
not
a
prisoner
or
a
slave
to
a
corporation
you're,
a
user,
a
part
of
the
network
and
so
you're
free
to
propose
changes
actually
encouraged
to
propose
changes
that
you
want
to
see
in
the
software
you
use.
A
As
for
the
process
of
making
proposals,
it's
pretty
simple:
we've
made
a
video
and
a
written
doc
to
walk
you
through
it
and
I'll
link
to
both
in
the
description
below
the
only
other
thing
to
know
is
that
when
you
vote,
the
weight
of
your
vote
is
determined
by
your
bsq
stake.
So
we've
talked
about
how
buying
vsq
directly
compensates
contributors.
It
turns
out
that
having
some
extra
bsq
on
hand
gives
you
a
bigger
say
so,
the
more
bsq
you
have,
the
more
your
vote,
the
more
weight
your
vote
will
hold.