Bisq Growth, 7 Jun 2018

Previous Meeting Next Meeting

⏯

youtube image

►

From YouTube: 2018.06.07 Growth call

Description

Thanks everyone for joining the call! 👍

Please find the promised links below 👇

Slides
--------------------------------------------------
https://www.canva.com/design/DAC58pPo-A8/FRU6B0xSkP2R1IDfRX_xJQ/view

Slack Invitation Link
--------------------------------------------------
https://bisq.network/slack-invite ➡️ join the #growth channel

Proposals
------------------------------------------------------------------------------------
👉 Negative reputation tied to payment account - https://github.com/bisq-network/proposals/issues/27
👉 Market price feed aggregator - https://github.com/bisq-network/proposals/issues/26
👉 Enable face to face (F2F) trade in Bisq - https://github.com/bisq-network/proposals/issues/24
👉 Certification for ownership of a bank account - https://github.com/bisq-network/proposals/issues/23

What is the Bisq DAO?
--------------------------------------------------
https://github.com/bisq-network/docs/blob/master/dao/phase-zero.adoc
Tech Session: An Overview of Bisq - https://www.youtube.com/watch?v=ulmUVh3XjRg

For all the questions we weren’t able to answer within the call please join us in Slack. If we’ve missed something please leave a comment below!

A

So hello, everyone who is watching our YouTube livestream or the recording of this week's growth call I am Christopher tanita and I'm your host today, as always I already posted the Google hangout invitation link in a chat. So you can join us here in the Hangout like Felix and Manfred as well. If you want to watch, live stream on YouTube feel free to post your commands and questions in a live chat on the left and we'll try to cover it, at least at the end of the discussion.

A

Yes, so I guess there will be lots of discussion today. So please use the chat today. We'll have a look at the numbers of last month's, as and especially on. The payment methods may be together with Alfredo I'm, not sure if is able to make. It will also decide which markets to vote for in our next liquidity week and maybe even have time to talk about interesting proposals in the making for bisque.

A

So before we get into some information for everyone who is joining us for the first time and maybe don't know what bisque is some information, so bisque is the only real decentralized field. Crypto currency exchange out there, so you can exchange fiat currencies like Canadian dollars with Bitcoin, or you can also exchange crypto with other cryptocurrencies. Our growth calls like the one today are about exchanging learnings on how to grow the business work where we need to.

A

Of course, your help we decided last year to focus for next couple of months on growing, especially liquidity on bisque, which means to increase the number of buy and sell offers available. As today call. Today's call is also about our last equity week in the Canadian market. I want to explain quickly what we mean with the community week, so it's one week where everyone, but who is participating, try self one pound of a sell-off available all the time to kick-start the market.

A

Everyone who participates, but only supports decentralized exchanges, but will also receive 20 PS to token, on top the PS kyouto ultimate within the pastiera, which will be released within the next couple of months, at least on test net. So you can wrote with the PS q token you can transfer it by a sell it and you can pay training fees with it.

A

As always, if you want to know more about the piece, do we have a great white paper or you can watch our first taxation as always I post the links below in the description after the call, so without further ado, let's switch to Islam, so we'll put them on a full screen percent. Everyone yeah think everyone should see it yeah.

A

As you probably probably know, our last liquidity week was for a Canadian dollar a Bitcoin, and it was a great success. Actually I looked at that training numbers today and saw that we had our biggest day ever in this market on 4th of June, with 6,000 bitcoins worth $6,000 exchanged in one day in liquidity week before we had I think twelve or fourteen thousand dollars in total.

A

So so that this market is picking up quite well, so the big question is: where do you want us to move on next and, as we saw, that is quite hard to bootstrap Mac as a first starting point for a discussion into our strongest potential markets last months, so there was besides the one that I already very vivid, so there is Norway Switzerland, Brazil and Australia to start a discussion, and we will just quickly stop presenting to everyone Felix Manfred shortly before I call.

A

Are we started talking about which market to include or how we can push? Maybe in some markets that where we have already some liquidity to the next step, is it is there a market you are looking, especially into which we should include for forgetting water for next liquidity week.

B

A

B

Should continue doing the liquidity weeks as we are based on use of demand and they help to push an existing but small market into something much more useful. It seems to be working very well. I think we should continue to do that and do more of those maybe two months if we can but there's a different question apart from the liquidity week, which is how do we push a market which is already working and doing very well to the next level? And we don't we don't know how to do that.

B

Yet I mean organic growth is getting us there, but if we could manage to push it faster, I'd love to you know, try it any idea which might get. Is there and obviously I was thinking of euro Bitcoin for euros, which is our biggest market right now, and you know we typically see more than 20 today was almost 40 offers a day if we, if we did find a way to get that to a hundred said, you know, income, it I think it it'd be a big boost for volume.

B

It makes the platform the network much more useful for everyone, but I, don't know how and and I don't know. Maybe we should do some kind of, but our idea is somehow how that is done in other businesses that you know where a market needs to be well. You drive adoption through different participation methods, I've.

C

Bulletproof I'd here just hekia, centralized exchange, and then we are getting all the users again.

C

The side I think the api's once they are ready, I think they will help her a lot to push really to a new magnitude and I had the other day, I called with monera developer, who is working on a market making bot an arbitrage spot for money.

C

I wrote Bitcoin and he's very interested too use bisque for this and I think when when we would get this work because it will need some more time for developing and so on from our side that ap eyes are really ready to use about the sink that could multiply the volume easily by ten or more because then they're yeah that they're the market makers. Who who don't want to do the manual trading, then it will become attractive for them and I think that's true.

C

Also pop awesome, yeah, we sell Qin it's a little bit easier because we can automate the whole trade process, but I think for some for some or liquidity providers. It will be also interesting on the fiat side, even if it's not fully out to not table another another idea, I'm, not sure I. For me, it's also, of course, the the fiat market. Is there it's a Korean bisque, but maybe it should.

C

It would be also interesting idea to push one after of the alkaline markets, for instance, see kesh, it's also privacy as focused coin, and we have very little trades there and I think most people just don't know it monie era. We are pretty strong as ammonia. Road guys usually know about this, but yes sink sea, sea cash and aetherium was in the early days quite strong, but somehow we we lost quite a.

B

Lot, very surprisingly, it theorem has been quite strong this week, I had not seen so many offers on aetherium for Bitcoin for many many months. That's that's a surprising and nice development, because also it's the fastest right. You do quick tip of the crypto. It's really fast. It's really private yeah.

C

So I mean I, don't want to replace neither to push for the field because they at the end they're more important, but there maybe we could mix it a little bit that we say: ok, let's try it with there with one of their alkynes and try to give it a push.

C

Beside that I mean yeah I made a few proposals for face to face trade I'm, not sure how much this will really help for liquidity. I fear. It will take quite a lot a bit of time.

B

I am Manfred, I am very skeptical of that I know, there's a lot of people asking for it. There's also the man it works for local bitcoins, but even for local bitcoins. You need so much more concentration abuses. Okay in SEPA you get 20 users posting an offer. They can all trade with each other on face to face. Do you need you know?

B

You need them to be at least with the 100 kilometres of each other, and if you only have a hundred uses what you know the probabilities are tiny, ah but fine, I'm, I'm open to trying anything but I'm. Just saying that I.

C

Fear it's because it's with the localization, it's even more about a lectin, but by the way we get as I check the other day how many life uses they are so a year ago it was between 50 and hundred life user sort of in the network, people who are in the same time, online and half a year ago it was 120.

C

Now we had around 180 so yeah, it was basically 50% growing in the last six months or five months, and also from the Downloads I think the latest, the latest release has already 12,000 downloads in three or four weeks. So it's yeah. Those numbers are not so bad. No.

B

I mean the level at which the top markets like euro and dollar are at the moment I mean euro had over 30 bug offers today, Donna had over 20 that at that level it is extremely easily you want to buy Bitcoin you can you want so Bitcoin you can. Maybe it takes a couple of hours instead of in a few minutes at a centralized exchange, but it works. It's really useful, but you know if we kick about and kick it up another level to a hundred offers, it would be hugely more useful.

B

It would allow for larger trades. You know if someone knew we would come in and say: hey look, I can settle the price I want in five minutes. I.

C

Mean one other proposal: what I have I don't want to go into the detail of that, but it's about additional security accounts.

C

Own bank account schemas for low amounts because for high amounts we have already to account each witness feature, and then a main motivation was was yeah, reading a little bit dreaded and other forums, and so and I had the impression that quite a lot of local beacon traders are considering to use bisque most have no really much idea and don't understand how it works and how the security model works, but there have been quite often also there are concerns about chargeback that if it's safe against charge, big risk and and I.

C

So maybe this feature it will not push for sure the liquidity a lot, but it could create more confidence that a local good country dos who don't like the recent changes they're moving over to bisque and and feel more comfortable yeah.

C

B

Thing that I've always would that when the API comes along one way to limit the risk is to do you know using an instant payment solution like revolutes or something like that, you can do hundreds of small payments, and you know you release you, release the funds in a very iterative way, so that you're never risk I mean I. Remember I think it was a few years ago there was another project for the p2p exchange point crafting.

C

B

And they had like you know: each trade is one euro, but then the second it's finished another one another one another one they're all automatics. It was like a downloading stream of percentage. You want to sell a hundred euros. Okay, it's a hundred trades takes five minutes, four of them to get done at any point. If the payment doesn't come through, it stops and you're, never risking more than one Europe. Obviously you know bisque is not the sign like that, but you could do say, would revolute or something you know you could do.

B

50 20, dollar, trades, yeah.

C

Actually, also, the idea behind this limitations of the trade amounts as more safe to spread the risk by doing 10 trades with $300, like one trade with $3,000 or even higher amounts is when you have bad luck, and this is head and it's just $300 lost itself. 3,000.

A

Yeah regarding the liquidity weeks itself to include electrons. Actually, the there was no really reason that we just picked field. Of course, yeah. It's very important for peace, but maybe we can. We will add sea cash for further for this one, at this week's voting for the next liquidity week to see how the response is- or we always run to liquidity weeks all the time, one for an alkaline and one for a field yeah.

C

It's remarkably not a bad idea to it to switch between Alcoa and Fiat every time.

A

At the same time,.

B

One do one group two and one Fiat every month, yeah, because therefore,.

A

This is same yeah.

C

A

Mainly community effort people have have to gather together and just make mark make a market, so yeah Wow doesn't maybe yes yeah.

C

I think, but it would require on this all coins I assume that most of those traders I don't know, basically, especially when they are more interested on their AL coincide. Or there are not so many troubles on the Alcuin trading, also I'm, not sure if you still can create out coin without kyc registration, but at least a year ago it was still possible R&R, yeah, so I think it will would maybe need a little bit more education effort to go in those forums or read it, and so on and and promote a little bit. Mister.

A

Yeah on this, because you just joined us I know so hi Alfredo.

A

We were talking about how we could we have some markets where we have already some some nice liquidity like in Euro or dollar, and the question for us is if we, if you find a way, how to push this to the next level, besides just having it growing, slowly, organically but yeah, most of us, we are not. We don't have any marketing background. So it's just developers, speaking and and I know that you have some marketing backgrounds, yeah yeah, I,.

D

Have some input, I I got an idea last week and that was I could use the Bitcoin meetup that I have here in in Los Angeles to do a like, spend an entire meetup on basically going through. How does this function like this is how you you? You know you go here to download it. This is how you make a buy order.

D

This is how you make a sell order, so so people feel very sort of well acquainted with how it it works, because many times it's just getting over that first barrier of of having someone that they know and trust saying you know this is how this thing works. There's many times like there's many people that have at the meetups I've had the last since 1st of August last year, when I started that have asked me, how do I, how do I buy a Bitcoin? It's a very common question: how do I best buy Bitcoin?

D

How do I save how you know and for me I stopped recommending local bitcoins and I started recommending bisk instead, because two main things there's no custodial risk and another? A very important thing is that there is there's no central database with your name, saying that your board 7 Bitcoin, that hackers sooner or later one day in the future, will will get their hands on and sell on the in the dock dock market and and and then people with bad intentions of kidnapping and extortion will start knocking on peoples door.

D

So that's why I see bisque as really the best way of bisque or other can see simplest exchanges. You could say, but now I'm associated with bisque and like bisque and this contributing to to this project. So that's why I'm liking this and recommending a bisque rather than another. One and I think something like that: a meetup session, where the focus is on how to you'd use bisque I, think that could help.

B

Unite them, can you join demo with a couple people eat up, and you know two laptops and just do a trade live trade.

D

B

D

Could I mean I I have internet access there, so I I could I could do that I could show them how to set up orders live I could do that yeah yeah.

A

Sorry I was also for me, one of the exciting, most exciting parts, doing your first order and then signing out yeah. It really worked and in the end everything is settled successfully yeah, especially if you're not not very familiar with with this kind of centralized exchanges, and maybe you are kind of afraid, as I was a little bit skeptical, but not a lot but yeah it was. It was just great to see ya.

A

It works out in the end, the problem or the question for me is I think that activating local communities that works really well. That works also in the developing a development scene. You have these user groups and they are incentivized by companies who create a software. The question for me is how we can reach out to all this local Bitcoin user groups. Them are in a structured way that this is running by itself. At the moment, I try.

A

It I, try it once I just write to every meter user group in the UK when we had British Pound the query week, but I think one I. Maybe it was my bad wording, so it sounded like nei co-promotion stuff, but right, yeah, yeah.

C

I fear, that's a big problem that they're making so much noise that you don't get through the noise anymore and and probably the meetup organizers. They get hundred emails every day or whatever from all the kind of projects who want to sell their stuff. But.

D

The good thing here is that I am now experienced in sitting on that side of the table and seeing some of those approaches. It's not it's. Luckily, not what a hundred a day it's not even one a day, it's maybe one per week or per second week and I.

D

That might be something where I'm able to first try it out in my own, meet up and and then seeing how it goes, and once that model is fine-tuned, I could take on a role there of pushing it like contacting other meetups I should be able to understand how they think, because I'm in a meet-up, organizing myself, so that that might be possible by the way I wrote this idea on this slack. I, don't know if any of you saw it I can't remember. It was under ambassador on the growth, but anyway.

C

D

Yeah but I think that would very much be worth a try. I think that will be a success.

D

I I think that could spur interest I, think it could spur people to download and it could make people actually become useless because it's really when there's someone there to like mentally hold their hand and say you know this is okay, and you know this one to me seems trustworthy and that's all they need, because they're standing with totally confused and not knowing what to do, and it's so easy to argue that bisque is the best way to go so.

C

We are fine desecrated here, you've said also in America, I, think its usual that you have to pay for the location in Europe. Mostly you get this locations for Frida, it's a little bit different. What background? How.

E

C

How much is it more or less for renting the room there.

D

Is there's two rooms, the smaller one? They are now charging $700 for in the evening that seats 46 people bought so they increase the price and that actually means that even my normal meetups no longer makes sense, because no one wants to spend that much on a ticket that that I can cover my cost and then air-conditioned, which is needed half of the year is then one hundred and sixty dollars on top. The problem is: is the location of Los Angeles?

D

If this was outside one of the main cities, I think anywhere outside of San Francisco Los Angeles in New York, you would probably be able to find somewhere free that you could use, but what I? What I am planning to do? I haven't done it yet because I'm actually traveling next week and I will be traveling for approximately a month and a week or something like that before I'm back I'm back sometime in July, second half but I'm planning to write a proposal to we work, which is where I'm located.

D

So that's a shared office I think there might be in Germany as well or the definitely several places in Europe, but they they're our shared office and they make their money from people coming and either renting a small office, medium sized office or just a hot desk.

D

Where you go and sit at any available desk and then you have Wi-Fi, you have coffee and you have all these things, and so what I'm planning to propose to them is that before they meet up I will you know we could run any type of room sponsorship advertising for them that they want? If they want me to run a three-minute video explaining? What is we work and that's how anything usually.

C

Also working that they're in the co-working space, they are happy to bring that you bring people and make a small introduction. Then you have the room for free and the drinks you as well. Exactly that's what that's that's what the best, because I mean we can, of course, with the compensation requests. We can cover something, but we don't have really euro or dollar or whatever for I mean yeah.

C

This has no funding and- and we we don't want to get really in this in the type of paid marketing where we really have to put money into because it then it's why we are not paying developers who are doing a lot of work since here's for free, and so it's a yeah.

D

C

Little bit a difficult topic, we are great to get such a model working and would be better to the spirit of bisque as well. It.

D

It has to be done in a way where the location becomes free, I agree to the I. Come to that same conclusion, myself I have to either negotiate with him or I have to find somewhere else. Maybe I need to go to a restaurant on on there. You know if every Monday is there empty day, maybe we can get half of a restaurant and it's not going to be as fancy as as in a cinema with a huge screen and everything is beautiful and comfortable seats.

D

C

Often more cozy when people have more close contact and yeah, but.

D

But people do appreciate this. This facility, though I mean they people are most people saying this is really fantastic, but so I'll try and get this free. If that is not possible, I will try. I will find something else, so the only issue is that I will be travelling now from the beginning of next week. So it's going to be end of July in or August that this will happen.

D

But nevertheless, I think it's a good idea personally.

C

What yeah yeah.

A

So one foot no.

C

No continue aggressive, okay,.

A

Just what I wanted to say, I think having a kind of a process and as a proofing process how how to present this to to local meetups, with all the presentation material ready could could work when we spread the word in a structured way. Also, of course, this is this kind of activity for, for this, local presenter is up for compensation for a conversation requests with PS cute. Oh, yes, right, I think we just have to communicate it properly.

A

Have everything ready and I think that this could be something that that helped helps us scale very easily if it if we are able to push it besides, having presence in varying in some some podcasts or video channels that are super popular in different regions like like China or somewhere in Asia? This a couple of comments in the chat I want to quickly address in the beginning, when Munford, when we were talking about the face to face trait, was one question regarding cash by mail system.

A

I'm, not I, wasn't sure anymore, but I think we have this. It told me.

C

Not cash per mail by US, Postal, Service I think it's only for America supported at the moment. The same model I think work, at least in Australia and I sing in Great, Britain and I. Don't remember the details, but it's kind like a secure system. You have tracking number and everything and I think it's get registered that you put money in because we're normal more on animals cash by mail. One problem is in some countries like I, think in Spain or in Italy.

C

It's forbidden cause it's illegal to do it I mean that's, not a big problem, because we can tell people here's the check if it's allowed in your country or not, but are they made? The other main problem is yeah you you nearly cannot prove it. As an arbitrator. I mean there are some kind of like messy methods like with we do or whatever, but at the end I super blur.

C

You don't get a solid evidences arbitrator when one was cheating, but we could approach the same concept like for a face to face trade, because there we have the same problem that the arbitrator cannot really help and the main kind of like security model, how we could at least try it out if it can work, is that we by default, we say: if there is any dispute, the money will be frozen forever and it's based on this concept of the shouid mutual dress.

C

Destruction, as at this game, theoretical concept, what the US and Russia was playing since HS when somebody make yeah. When somebody do something stupid, then it's the dead for pose so either posed are winning when both are cooperating or when one try to cheat pose. We lose their money and we'll be locked in forever.

B

Do not underestimate errors in mistake.

C

Yeah fraud, yeah: we don't have this strictness because it's we have stir processing mode at the process with the two three move to second place and the arbitrator can still because another problem with this to of to multi-sig like bit, market or night trader, black halo is using this and it has a black male risk because the other there's always one who can lose more money and then the other could blackmail the other in online or environment.

C

And when you have it, especially with face to face I, think this risk is much lower and becomes even much more lower. When the arbitrator has all options open, it's just a basically the default or so the users need to know. They have to really come to an agreement when they have a problem. It's a it's a high risk that they never get out the money, because the arbitrator when is not chewy cannot do a payout, but the arbitrator still can do the cleared, especially when there are parks or usability problems.

C

Then it's just like a normal trade, and even if there is a scam- and he is very sure that one was the scammer- he can do the payout- it's a little bit more burden for an arbitrator, because it's a much less clear situation. But I could imagine that it's a experiment at the end.

C

When there's too many troubles, we would stop it again, but I could imagine that it works, especially with face-to-face because with physical or access to the other, people are behaving more yeah, more polite or better, like online online environment, where you don't have to fear that you get the consequent of your paid pet behavior directly and when it turns out that this is yeah, we could basically use the same, also the same concept for cash in mail.

C

So when people have problems- and one say you know- I've not received it or it was not enough money or whatever, then, basically, when they cannot, when nobody can clearly prove it, then the money will be locked in forever and they come to it can come to. In conclusion, in a year ago, when Bitcoin is a hundred thousand or a million euro, and then they come to reason and say: okay, let's try to get out this money now they can still say done. Okay, now we have a agreement.

C

The arbitrator, please unlock the money we are now agreeing so I think it. It could wait.

B

It both are agreeing if both parties agree. You don't need the arbitration right, yeah.

C

You would not do it, I mean technically it's as soon as it disappears open. It goes over the arbitrator but yeah in future. We will even allow the stand that they can do it themselves.

C

So I think also, with this background of this different concept, that it's not their burden of the arbitrator to find out to versus camera that by default, when there is a real conflict, then the arbitrator doesn't tip you a payout and but it's not a guarantee, because when it would be guaranteed, we would have to blackmail risk again with yeah, with the chance that the arbitrator still can do the Payette. However, he thinks it's correct. The blackmail risk is much lower and yeah.

C

It's it's very experimental idea, but that's a safari, only kind likes yeah for me most reasonable way how to enable those payment methods where the arbitrator busy it cannot get a solid proof, and we can leave it a little bit also to the traders like in a face-to-face trade when both are doing a audio/video recording of the trade and they presented to the arbitrator. Of course, that will have some weight, even if it's not the perfect proof and we maybe we have to learn over time, how it will play out and how it goes so.

C

Yeah I have not added a proposal for cash in mail, but when we go for the face-to-face as an experiment, we could probably do the same for Kesha, maybe because I think it's the same, problematic yeah.

A

At the point that I want to point out, we have a separate repository, a proposal repository in the bisque account, and so, if you're integrated in new at the moment, I think four to five I've, a new one, so just dig through them to proposal. There's a lot of discussion going on on most of them already and just provide your feedback on your ideas so that there would be of great help. Yeah.

C

That would be great for the feed, especially there for feedback and analyzes of this ideas and also for developers. So there is at least one proposal for basically replicating the function of Bitcoin average. At the moment. It's a single point of failure for us when Bitcoin average sure has a problem. Most of the office will be not working because there's percentage percentage based- and that happened already once in the past.

C

So we would like to get their own service, which is collecting different price feeds from different exchanges and make an average price which is very close to the Bitcoin average price and then mix it again. We speak on average. So we are. We don't yeah we're using this single point of feel and the same on the alt coincide on the alkaline. We have already two providers. It's a little bit less risk, tricky critical and that's a task where you don't need to know a lot about basic.

C

It's a pretty simple task for an experienced Java developer. So that would be great if we find a developer. Who would take that and the other proposal adds about this- a way how we can prove the ownership of an account without or without revealing the identity of the user? I'm, not sure if I should explain the details a little bit complicate or for the use, it's not very complicated for the user.

C

It's you have to go either to your local bank branch and make a withdrawal to yourself with a specific amount, something like twenty four point: seven, eight dollar and or alternatively, you go to the cash machine and with your ATM card, you make a withdrawal also with a specific amount. What bisk tells you something like forty dollar, because there whispered cash machines? You cannot withdraw fractional amounts and you present in this transaction to the arbitrator in a way that the arbitrator cannot learn your name or your bank details.

C

You only see that you have done this transaction and with that we know that you cannot be there. Stolen bank account scammer who has bought this account on the black market because they usually don't or have the ATM card. They only have the online access and they cannot go to the bank branch because they require ID verification there. So with that, we have. Basically we are piggybacking on those security features from the banking world and with yeah, and then the arbitrator would basically give you a certificate.

C

We said yeah, you can display it on your office and when you're taker in the trade process, the other peer will then verify everything. Is everything was really really correct and and gives us a protection against? All bank accounts came who have low amounts of dollar-a-year on the stolen bank accounts with high amounts. We have the protection with their account each witness, but with low amounts, we're still vulnerable and I. Think that would be a.

B

Verified account sticker on the office, so basically you would put a verified account.

C

B

Take that whatever on the office, except with the idea of putting stickers or badges or stuff like that, is it's quite good, because you still don't know giving any information any extra information to the everyone about this. But yeah and.

C

It's mostly a little bit more complex because it's the protection is only interesting for a seller or a buyer can be this camera. So it's important for the buyer to have this account verification when you SL it's your element. Basically, and when you create an offer, you can you can request it when you are selling Bitcoin and or you can request that the buyer need to have this verification but yeah you.

B

Mean for the taker right, so the the maker is the one whose offer is visible. Yeah he's the one who yeah.

C

But he, when the maker is the seller, the seller cannot Kim, it's the buyer, always the Bitcoin fire who makes the Fiat transfer. Who could make the charge pick? So when you are their seller as a maker, it's irrelevant. If you have the verification or not because yeah it doesn't really probe.

C

Yet you are at risk not to take up to take a will bit and the Bitcoin buyer Hank isn't.

B

It just simpler to just to just put a number of trade with this account on the you know, because it doesn't D anonymize anything. It doesn't give out any data. It just says this guy has done 50 trades disputes yeah also.

C

From the usability- and so it will be probably anyway there as when you are verified, it will be displayed. I just want to explain a little bit context that it's it's only in the direction to the to defy at a protection important, but from the from the user interface. It will be probably it's up the worked out to only filled up it.

B

Would be going into a reputation system like.

B

We only want to give information where attributes which are very objective, like extra clinic had, is this so old dyscalculia, so many trades yeah? We also put this bank account or this payment method account has had so many disputes open. That would be like a negative attributes here.

C

I think at the moment, 99% of the dispute are not or malicious or it's not I mean it's box or its usability problems or banking problems. So it would be not not a good metric to use because it's.

B

But eventually I mean you have thousands of uses it'd be a very good way to weed out fraudsters quickly right so yeah. You know you have 100 offers, and only three of them have this previous. This p3.

C

Yeah we could, we could basically flack users who who have really violated the trade protocol clearly also in in a severe way. They could get basically from the arbitrator negative certificate, and that will add up it's easy to escape guys. Setting up a new application is a new identity. Will.

B

Never flag users, because user information is not yet you will flag accounts because I can't information, yeah.

C

Yeah yeah, it's true, that's hard for him to change, because the yeah in biscuits, the onion, addresses your identity and that's easy to change. You just start up a new application and you have new own address about the payment account. You cannot change easily and yeah. That's a good idea that could be that's another. Maybe we should write a proposal, a task that would be.

B

The same identity, you have two different same, it depends yeah.

C

B

One of them is your real one and then maybe one is or someone else's or whatever and that's see and those are identified right. You know held in a database that they are identified by the network. Yeah.

C

I was like we had discharge, please came out. He was using I think three different accounts with the same on-air address, so we should combine it because some of these cameras are not smart enough to understand how to do it correctly. This cam and we could could flag them when one has done his camera or a clear scam or a charge, quick or whatever yeah then I mean with clears such scams like charge, quick.

C

We have other tools like blocking the user completely, but with other yeah when somebody has just failed in the trade protocol has created problems for the other user has behaved unfair. Then we could add something like such a reputation system, which is yeah good, make sense, but this account verifcation just to make it clear again. It's just it's the proof that you have made either a transfer from your local bank branch with a specified amount.

C

So the application tells you exactly the amount, so you cannot choose it really or you f, went to the cash machine and with withdrew a specific amount and the arbitrator verifies in your online banking that you have done this transaction and in the trade protocol, because the other P&O stand your banking account. He can verify then that it was really all correct, but it doesn't reveal also the arbitrator and it might be different roles. This will be probably new roles when and there will be several such account verifier and they don't learn about your name.

C

They don't learn about your bank ID only what this is the amount and their bank name and the other. It's it basically. So it's quite it's maybe not 100% to effect from privacy, because there are still some some tiny issues, but I think the protection what it delivers is probably worse it but yeah. It's open for discussion, sir there's already quite the bit of discussion going on in the proposal. Yeah.

A

Yeah regarding the discussion I will post the links to all these proposals in the description afterwards yeah we were driven away a little bit of the makes the query weak, but that doesn't matter I just want to have one more comment from Pedro. He was pointing out that we might need more videos for new users. At the moment we do have some some trading videos already I think we have one with cash app how to do your first trade, but yeah.

A

Please just tell us, even in the comments or on slack on what what kind of videos are, what exactly you want to see? What would help you and yeah and we'll create a bounty, and everyone can just pick it up and create a tutorial video, so that's also very good first way to to earn your first bsq tokens.

A

Let me just continue to the next slide, because otherwise we will hit play one. Our.

A

Myth, no sorry, let me go back first to confirm so for the next equality week.

A

Do we want to put it out a voting for Louis, whistle and Brazil in Australia, for Fiat and yes and for the alt coin liquidly week to be just one put out a tweet, we're thinking about doing and a liquidity week for sea cash, or do we want to pick also a couple of out coins dual-core.

B

Mobile top ones let people vote might find out something with inner mineiro aetherium see that I will.

A

With the same way like with the field look at mm-hmm, in which market we have already some activity and then we put out there as well, okay, so people not just to present to everyone. So it's like yeah mmm I, don't want to spend too much time here. The monthly report from May will, god I think probably tomorrow.

A

After I've put out I put on on this slide, a couple of blocks from from this report, I will go through them quickly on the top right. A lot latest release was 0.7 serum, it's not even a month out, and actually we already see more than 12,000 downloads, so that was really really quick, especially if we compare it to to add releases. So so that was quite a success. I would say, and this race is packed with lots of features, but we are working already on zero, seven one, which will include lots.

A

Also, some bug fixes were introduced just minor minor ones, and there will also be some additional enhancement depending when the release will go out and fingers are always fingers crossed that we are able to release it quite soon, maybe in the next couple of weeks on YouTube you're watching this, so you hopefully already subscribed to our channel. If not please subscribe, we, we do grow all of your base smugglers, slowly, step by step. So it's not that we're with a huge fuel base, but a very loyal ones.

A

One end our fuse are going up, but we don't only create this. This kind of videos for transparency and documentation purposes only. We do this, of course, also because of these reasons, but we do it actually for you. So it's important for us that you'll, let us know what you like, what you don't like and what we should cover in the future. For example, like Peter, said that you want to want to see more videos for newcomers for for new users on disk and this network on a global volume.

A

Last month we had a little dip, but you, this tip is mainly because we had a very, very strong Bitcoin cache Pitkin market in in April, and this market was wasn't, wasn't active in May, so so that was the main reason why we see now two-step again, if we look on the average number of daily trades per day, we just had a really small decrease, so people are trading still trade, a lot, but just small amounts, and that's also a point. Alfredo.

A

Are you still with us just.

E

Check yes, yes, Here I am okay.

A

Perfect Alfredo did some great report on payment methods last months and maybe I'll find ok. Can you walk us through your findings, maybe also to share a light? Why we, we see so many trades but like in volume, yeah.

E

Yeah, of course, we we really but I've started to do put together payment methods, report and well in that depart their. The initial finance is or something that we were already seeing, that the most of the volume is constituted by by basically three three channels. It's just the Bitcoin in the Bitcoin, you repair, we have the Sepik hounds and we have the Bitcoin dollar that, and that is the main channel, is ESL and and then the next main volume is for payment methods.

E

Is there all kinds and those make make almost eighty percent of all the shades for the volume and that it's so I think it's really important to do also, while we, we always think about adding new payment methods, also think about how to add value here to water, they really use is being actually I was also thinking about looking for some pockets of probability, adapters or heavy Usha's uses such as, for example, people that trade on one broker or people that do different, that, for some ways, are receiving bitcoins so that we can target them and then make some information to them about which would be regarding their use case and put inform them, make some awareness about risk and also some information, some simple information about how these could be useful for them.

E

Then also we, we were looking about the volume using the the bar chart on the top of the page. It's a the volume of each of the trade in it seems well a first sight. I thought it could be that that people were trying to do the minimum amount raised to reduce risk, but with a lower fees. For central feeds such as at a 0.6 bitcoins, there's a big big amount of of trades. Most of the trades were made around 0.6 big trends, but then.

D

E

Out he Panera also that and that that is also their their limit. The first limit for the age of the count, so there may be also a lot of accounts that are trading with, with still that, a limit on pace and- and some are basically I'm- going to try to do some research from now from payment methods outside Bitcoin, but also trying to to find how to push their already dominant premium methods and ahead.

E

So we have better liquid.

C

One one question: would it make sense, in your opinion, tube try to push the remittance idea for the euro to dollar market, because those are only the strong markets where you don't have a problem that there is lack of liquidity with yeah with developing countries? We usually don't have a strong market like with India or Mexico. So so that's a big problem to start the remittance at here.

C

But there are a few, a lot of people who want to send money between Europe and America and they have the same problem because the other banks are super, expensive or slow, and so on or I mean it's probably not such a big problem, because those people.

C

It's like transferwise or whatever yeah.

E

But but of course, it's a much much much larger user base, so you're talking to much larger market, so I think it would be really really really useful. Also, we can test this idea and see how it works. We can see em before development, making all the development effort. We can maybe write some posts or get in touch with some of the communities to see if people would get on board.

E

Yeah I could could also think of fun experiment that we can do because a real remittances would be really really good and big volume yeah.

C

It would not be a development issue it would. You can use risk for remittance already like it is. It just needs a little bit explanation how to do it, and maybe some video or some tutorial okay. So it's not a new.

E

Feature: okay, it's just using it or doing the remittances in the manual way. It's.

C

B

You just need someone who's going to account in Europe and in the US, for example, I think Chris might do and just do a online, a live video. You know he five bitcoins with euros and sells the bitcoins for dollars and you know he's moving euros into dollars simultaneously. It's the concept is simple, but people really need to see it being done to understand what it can do. Yeah.

C

And I think for a for many expats living in Europe, or so it would be, would be interesting feature and they have usually post accounts on both sites. So in.

B

Fact you don't even need the person with accounts on both sides, because in remittances it's not always a person sending money to themselves right but sending it to their relatives or someone else. Yeah.

C

B

Then you need twice as many people. You need one person on each side, whereas if you have someone with both accounts, it can be done rather quickly. In effect, anyone can do it right now. You have to do. Is you know, open bisk, be a taker on the URIs side and be a taker on the via taker for a buy order on the euro side, be it take for a settle offer on the dollar side, and that's it. Anyone can do it right now. Yeah.

C

A

Toland, yeah and and if you select, if you're, very close to the to the current market price, the offers are getting taken super quickly in these two markets, not only when you're lucky, you even.

C

Win some money, yeah.

A

A

I've covered all all open points. Are there any questions from anyone who is watching us live we'll? Give you a couple of minutes to to answer on everyone on the call. Is there something that you want to discuss? Yeah on this yeah I.

D

Just want to make sure that you guys think it could be a good idea that once I'm back in about one and a half months, I'll go forward with this bisque workshop, essentially kind of thing on meetups first tried in my own meet up and, and then the the interesting thing is.

D

If, if I can put together a package, so it can be scaled out to much more than one meter, but that I can start contacting meetups all over and give them the tools to do a similar workshop themselves or that I do it on a call with them, or something like that. But I'm presuming that you guys were positive about that. It sounded like that right. I think.

B

It's a great idea, but I would highly recommend making it into a video so that it can be reused many many times, I, don't think the best forward to have someone traveling around doing it, but they, you know if you're gonna do two video of it done any more times.

D

Yeah I totally agree with with that I think actually I'm not aware if there are any tutorial videos at the moment, but they would definitely be a good idea, but I think both could be valuable, because one thing is that I could go out now and watch a video about some decentralized exchange that I haven't heard about.

D

Another is, if I'm physically next to someone who explains to that. That gives that sort of like I, don't know for me: I know that that works, that I can relax there. Someone who can you know, hold my hand and explain so.

B

I think the trusted in-person face-to-face recommendation and tutorial is the best you can do. I just don't think we're gonna be able to scale it, and in case we cannot it's good to have the video agreed.

C

Agreed yeah. That would be great.

A

Cool Alfredo. You also wanted to ask something.

E

No, no! It's! Okay! It's okay!.

A

Okay yeah, if they're, not any more questions from from the audience, I would wrap it up. If it's fine, okay, then thank you for watching us today and don't forget to subscribe. If you haven't and we'll see each other again, next Thursday see you soon and thanks. Everyone for participating, bye, bye,.