Bisq Growth, 8 Feb 2018

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From YouTube: 2018.02.08 Growth call

Description

Thanks everyone for joining the call! 👍

Please find the promised links below 👇

Meeting Minutes (by @csacher)
--------------------------------------------------
https://docs.google.com/document/d/1nsHLYddgdxm7GDlgMqR6252SQGOWjCs7-q_KyDe4FiU/edit?usp=sharing

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

BTC/USD Liquidity Week (February 26th–March 4th)
------------------------------------------------------------------------------------
Bootstrap USD/BTC liquidity - https://github.com/bisq-network/growth/issues/36

List of Bounties
=========================

Bounties for 1st trade
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👉 Complete the 1st trade in NGN/BTC - https://github.com/bisq-network/growth/issues/23
👉 Complete the 1st trade in INR/BTC - https://github.com/bisq-network/growth/issues/24
👉 Complete the 1st trade in RUB/BTC - https://github.com/bisq-network/growth/issues/25
👉 Complete the 1st trade in ARS/BTC - https://github.com/bisq-network/growth/issues/26
👉 Complete the 1st trade in KRW/BTC - https://github.com/bisq-network/growth/issues/27
👉 Complete the 1st trade in PHP/BTC - https://github.com/bisq-network/growth/issues/28
👉 Complete the 1st trade in GHS/BTC - https://github.com/bisq-network/growth/issues/29
👉 Complete the 1st trade in KES/BTC - https://github.com/bisq-network/growth/issues/30

Video tutorial bounties
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👉 Produce a "How to buy bitcoin with USD using Bisq" video - https://github.com/bisq-network/youtube/issues/7
👉 Produce a "How to buy bitcoin with GBP using Bisq" video - https://github.com/bisq-network/youtube/issues/5
👉 Produce a "How to buy bitcoin with CNY using Bisq" video - https://github.com/bisq-network/youtube/issues/6

Guide bounties
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👉 Produce a "How to buy bitcoin for Euros using Bisq" guide - https://github.com/bisq-network/docs/issues/21

What is the Bisq DAO?
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https://github.com/bisq-network/docs/blob/master/dao/phase-zero.adoc

I hope I've covered all the questions and points that where mentioned during the call. If I've missed something please leave a comment below!

A

Just a sec, okay, so hello, everyone who is watching our YouTube livestream or the recording of this week's growth call and click welcome to all of the guys. I.

A

Have stuff for today this time, I also posted the Google hangout invitation link in the chat naked next to the video. So you can also join us in the Cobra hangout. If you want, if you just want to watch the YouTube livestream, you can always write any ideas. Remarks in the chat and I will try to monitor it very closely during the meeting Thanks, also, as always for a to Chris Sacca for writing down the meeting minutes after the call and for everyone who is joining us for the first time.

A

Our growth calls like like this one we are having today is about exchanging learnings on how to grow the biskits work, and we decided last year in December to focus on next couple of months just to grow the liquidity on bisk. That means.

A

Available, so if you are really new to bisque- and you don't know what this is- it's the only real decentralized Fiat crypto currency exchange out there, so you can exchange fiat currencies like US dollars with Bitcoin or other cryptocurrencies, or you can even exchange cryptocurrency against cryptocurrency. On the last week's goals call. We talked mainly about the US dollar liquidity week. We are planning for end of this month, so it will be from the 26th of February until the 4th of March, and we also decided on the structure and the compensation.

A

So everyone who is participating besides supporting the peace network, will also receive 20 tokens as a kind of extra reward. So if you are from the US and you're watching this- and you have a bank account there and some bit can't available, then please talk to us either on slag Twitter github here in the chat, and we try to unboard you as smoothly as possible to join our upcoming the Quigley week.

A

So before we go to into detailed discussion on the liquidity week, I just want to give a quick intro on the terms that we use. So what is abyss token, and what about the beast Dao regarding the PCI, oh I, don't want to go into much detail as we will have a video I think it's! It was on a conference where Chris participated, so it should be available soon on this channel, but still I want to give you a quick intro on the biscuit open itself.

A

So everyone who is contributing meaningfully to the beast network is able to get compensated by beast openness and of each month. So the beast open itself has different utilities. You can use it to vote within the PL. You can transfer.

A

Any trading fee to the battement and might be released some salons you can already earn by take countess or join. For example. It is like the end of this month and after the launch of the DAO in production. Basically, you will also have your piece tokens available in the production, bît-yakin, blockchain, I, hope, I, didn't, say anything wrong crystal and Manfred. Please correct me: if I'm talking, absolutely I'm nonsense, no.

B

It all sounded about right, but you broke up a little bit in the middle. They don't think you need to repeat necessarily people can ask questions if they have it, but but that's happened a couple of times so yeah.

A

I'm, sorry about that I try to switch places now in the office with a different Wi-Fi, but obviously it's it's still not not perfect, so I want to mention are miss counties. So peace fountains are just tasks that support appease Network that anyone can take and and fulfill to earn these tokens. We do post them mainly on github.

A

You can can search for the peace bounty label, but we also post it on on slack or Twitter now, and then what I will do after the call, like the other calls I will post the links of available bounties, especially the ones where you don't need to have an engineering background, so there are bounties for first rates and specific markets that are available, so it would be if you, if you do this first trade. It would also be great if you give us feedback on your experience.

A

Maybe even talk about tell us which payment methods are used in your country in most mainly or we should support, and there are also a couple of bounties out there for video tutorials, like the one we have for Europe and also for Indian rupees here on our channel and last the liquidity week with liquidity liquidity week. We just mean for one week a couple of guys in our last week.

A

There are five of us: try to have one by and one sell offer available all the time, so so, okay, so we kickstart and push the market and what that works for the Europe euro Pitkin market really well. So we want to do this now for the US dollar market. So for today's agenda we will talk about payment methods for the US, which ones we should support additionally to the ones we have already, and maybe we can also talk about actions.

A

Maybe the week so, let's.

B

A

B

Year, maybe we can talk about actions, yeah.

A

About actions yeah I wanted to that. We might also talk about actions how to promote the US dollar liquidly week and before the liquidity week and after I will have a look if I can switch the Wi-Fi. If maybe.

A

Now is not completely locked. No now we can here.

A

Or we could so maybe it works better in the meantime. So, regarding a current payment but aware we all trades that go through in the u.s. are made with sell or seller I, don't know how to pronounce it and but we also have chase QuickPay and US postal money order, but I don't know if they were used at all so far, Chris Manfred.

A

Are you aware if they were used or is it sell, which works best.

C

Yeah I think sell is probably 90%, but I have been. Some are some deals with with chase and also with cash deposit and our US postal money transfer, not too many, but there been some. Maybe I can give a little bit of background, because there have been already a question that we should add: National, Bank transfer. The reason why the u.s.

C

is the only country in the world where we cannot support national bank transfer, because we don't have a way to avoid that people are using ACH I'm, not sure how to run this correctly and as far as I'm aware, ACH is very risky for chargeback. So, as we had in initially national bank accounts available. Also people did a National Bank transfer and we had no control if they use wire, which is less risky or if they use ACH.

C

So that was the reason why we have removed National Bank transfer from the US and unfortunately, besides, sell or we don't have too many options, and we would like to add more like cash at maybe over when more I don't know what what else is popular there. Yeah.

A

Regarding men, when them no I'm just at a quick search and I, found some some posts on on scams and that there is some charge for Chris but I.

A

Maybe we I don't know if we on the website, they say there if it's transferred, it's true, aiya 100.

D

E

Oh great hi hi: how are you guys doing so I'm, it's true that there isn't they don't say much on their website. I just call them I just call their support center and basically they said that if you have to cancel well first I ask what happened. If you send money because you buy something, I thought something is broken. They said that you should not do that, because Ben Moore is not supposed to be used for commercial issue issues. It should only be used for personal transfers.

E

I, don't know if that's a problem or not, but then what they say also. They said that if you send the money to the wrong person, you can file a claim and they will transfer that claim to the 20 specific Department. You cannot speak with the department. They will only. They will just send your your claim and they will decide what to do most of the time.

E

You will not get your money back, but it looks like they have the ability, if they, if they seems it necessary to take the money back, and it was kind of hard to get much information from the support center about the about how these, how that works, or in Ward in what occasions they will send it. They will cancel a transfer.

D

Yeah that may be interesting. It might be worth testing if, if anyone in the thousand payments can get reversed, if my blood testing for small amounts at least yeah.

C

Regarding the charge by Chris, basically, every Fiat transfer has a charge by Chris every bank, and so can it's just a question how easy it is and it can be used systematically by scammers like PayPal or so would be super easy. So when it's really hard, because when a scammer would do it five times in a row, he get prop reflex by by the company then, and we cannot go on with this- you get them blocked.

C

So it sounds for me what you explained that it's reasonable low risk at the end that we can edit and give it a try and also we're. Now we have for mr. lower limits when it's a new account and when we add it to all, have a new account. So when they start they have small amounts. So for real professionals cameras, it's not so attractive. Hopefully,.

D

Manfred, how easy is it to add venmo and cash up if we also decide to try it.

C

Yeah, it depends if they require anything special when they're, basically the same like cell, that you have a name, email address and maybe account number whatever. Then it's not a lot of F, because when I do it, it's probably two hours.

D

The next release.

C

D

C

It's just there so in our kit master, we have a lot of merch now and some quite risky changes also a lot of changes which require a lot of testing. So the next release will require a lot of test effort. So probably one week we have to prepare just for testing effort to to not have any new box introducer so but.

D

But it might be done in time for you as the crazy week right.

C

In the effort for payment method is not hard in the worst case, I could make basically a release from the from there from the version from the last release. Just at the payment method, then it's basically no testing effort, and when we have enough resources, then we need probably at one week for testing the whole application so that just.

B

Remind us here when does the week begin? What's the.

A

What's the date, the twenties, 22nd or Foster every month? So so there would be one or two weeks left and we still have for one week: testing yeah! If, if most of.

B

Us yeah, we can it's a it's an important topic that matter just brought up. We can basically take it offline, but I think that's enough time and what that really means. It's like. We should probably write down this testing protocol that we need to go through and maybe get some people involved to help us test. There's a big manual testing process that goes into like really verifying that a bisque release is ready to go and that's always been on Manfred right.

B

So this is like a good opportunity to maybe start scaling that up a little bit. So it's a side topic plus.

D

Plus we know, but but it's not completely a side topic, because we really need help with the testing in the US and volunteers to help a little help with those tests. So you know it's worth mentioning that anybody who can help with this who's willing to do a few. You know you only need two people to do payments to each other right and to try and see all the options, the info that you need and to give feedback.

D

So we do actually need a couple of volunteers from the US, with venmo or wood cellar or with our cash app to help us see if it would work.

A

Yeah and and for for testing of the clients in general, we do have already kind of first draft of a testing document where we have collected some the main use cases so also on the engineering side. So if there is someone who has a soft engineering background, that's also, it would also be great to support on testing and it's not another big deal. Actually, it's. It's well documented everything, so you can have it up up and running in just a couple of hours and.

B

If you want to, if you want to come talk to us about that, just you know find us in slack ready to find invites on the on the website. Bisque Network, slash slack, invite and just just come talk to us about it. Lovely I.

E

Can certainly help with with the testing and and I have some a bunch of co-workers that would do anything for a couple of free tokens. So having two or three people to do some small amount transactions will be would be easy.

A

Cool, so so regarding they know, it sounds to me that that we are going to integrate. That is it right.

E

As you for what I can tell you, everyone I live in California and every one uses bed more. Every single person uses venmo is how I pay my landlord is. How do I have the option of using Zelly through Bank of America I have never used it. I, don't know if it's good or not. The thing is that you just don't need it, because Ben Moyes instant memo doesn't charge you any fee when noticing the only the only the only thing that it has with Venu is that it takes three days to receive your money.

E

When someone has paid into your account- and you want to transfer that to your back to your bank account it takes three days. They just actually added the option to receive the money instantly on your credit card with a 25 cent fee, and everyone uses way more here. That's why I think that when more integration would be earth would be a really big one. How.

B

Long does it take to verify the payment that's made to you, so somebody says: hey I, just paid you how.

E

Long's, both of you are.

B

Just lost no no yeah.

C

Sorry guys I have was away. A few minutes did I miss something important. We.

D

C

Basically, yeah and how was it with this retail? So so it you can verify it instantly, but until the money's only available after three days for energy.

D

The money is available in your venmo account immediately, but it's only if you want to withdraw from memo to your bank. Account is three days: okay,.

C

I don't care and they also added.

D

A new withdrawal feature to your debit card. No, no, no I was just telling them. That is three days for it to hit your bank account, but it's instant instantly available in your venmo right. So.

E

Yeah, when, when you make the transaction, when you send money to a verified account that transaction is instantly, it pulls from you. If you don't have been more credit, it pulls from your bank account or from your credit card it set it up and then the money transfer is instantly when you sent to a new account so to an account that you are not sure if he has an account or not you with more, you can use your phone number. You can use your your email address or you can use a nickname.

E

So sometimes, if I don't know, someone ask me for money and I, don't have he's been my account and I know his phone number of his email address I just used that if they don't have that email address or that phone attached to their account that money stays like in in the lamp and whenever they they have touched the number to their account. They can get that money. In that case, you can actually cancel the transaction, yeah and ballon.

D

Payments unclaimed payments: you can cancel that's.

E

Right, sorry, but when you transfer to someone who is verified when you click on an actual user and you transfer that money transfers automatically, that monies go to your venmo account and from your vent, you can use the money from your venmo account to make other vendo payments or you can cash that money out. If you cash out to your bank account, it takes three days: no fees.

E

If you cash out to your debit or credit card, I'm not sure if credit cards or debit cards for sure it's instant, it's instantaneous, but if they charge you 25 cents.

C

It's way more us-only, or is it more international as.

E

Far as I know is US only.

B

I just had one more question: Manuel, what's required when you make a payment, is there any sort of verification? You need to do like receiving a text message or anything like that? No.

E

The only I guess that the only the only verification is that you attach up a bank account yeah and so right now.

D

He's asking Chris is asking because, in the case of the and uncomplete incomplete trade, he will need some documents for arbitration.

B

D

That right is that what you're asking actually.

B

It wasn't, although that's an interesting angle, the reason I'm asking is that, is it a lot of people who have bank accounts in the US, but that are expats can't use L, because Szell Szell requires authentication when you go to make a payments over a certain dollar amounts, you have to get an SMS and it has to be your phone in the United States right. So just looking to see, if there's any barriers like that, I.

E

Have transferred more than I mean you haven't a maximum amount I seen you have a maximum amount of no I, don't remember if it was like three or five thousand dollars a month that you can transfer I, don't remember what was the maximum on on a single transaction. I have transfer like up to $1,500 in a single transaction and I needed need any verification. It was yes, it was a valid, a valid user that I wasn't in the money to and it went through without any other extra step for being a higher amount. Yeah.

B

Those kind of monthly limits or daily limits are very important, property and and Manfred I. Don't think we have any means in this right now to limit the amounts of a trade based on pain. Do it no.

C

I mean we could at this basically because your application knows how much you've already traded commands with one payment method, I'm, not sure if these limits are 100% fixed. So if they're kind of like, depending on whatever your profile- oh so probably they are fix himself might be a nice feature.

C

I tell we have a big pop up where we're telling the people, yet they have to take care of about this and when they don't take care, because we had some disputes where people try to make it trade and then they find out that they cannot do it because they're richer already limits, so they have to do. We have to take care of themself about this. One question with with when more which data are required as its email address or telephone number? Is there anything else?

C

The name probably you need when.

D

C

D

No, no, the best way is just the Bema account. The telephone number or the email is an alternative, but the best way most smoothest way to do it is with the femoral cap. Okay,.

C

That's a account number like okay paid account number or something like this, and so basically that still ain't the name. Probably you need to know the full name. Okay, can I, send you or money when I only know your account number.

E

Yes, actually, that's the only thing that you need. You might not have your email or your cell phone attached to your to your account, but you just have your nickname I mean your another account your account, your account name more.

C

Privacy and for the arbitrator, when anything goes wrong: how can they arbitrate? The proof is: do you see on the webpage, your payment, outgoing payments and incoming payments? That would be basically enough. You.

E

Can see it, you can see all your own transactions actually when Velma makes a we're seeing I, don't really understand why they do that. But you have like a social stream of transactions, so you can see what your friends are doing you you never see payment. I mean University amounts, but you can see that someone pays to someone else and- and you can put a note in your in the in the transaction.

E

So there is a lot of emojis in there but I, for example, every time I do a transaction I have a private, so it's only me and the person who is receiving it. Who can see that that transaction happened.

C

D

Care about privacy, yeah.

C

Yeah they want to do social, social and vintage. That that looks like people just want to apply hype, but yes sounds good I mean as long. There is a HTTP page where those people can verify that they have either sent the money or received or not receive them on it, and it's basically like with a bank account and the arbitrator can can figure it out with rich signer. So I don't see any any showstopper for anymore. Let's, let's try to get it at it.

D

Okay, next thing people have asked for is cash cash out square cash square is already very crypto friendly they're doing the doing you can buy and sell bitcoins I, don't know if you can withdraw them, but you can buy and sell them all on cash. App already we looked at the limits. Last week, they're similar to venmo. We looked about at charge, facts similar to memo very, very difficult to make it talk back unless it's a cage case of huge fraud or something but I, don't know anyone who's had hands-on experience. Mm-Hmm.

C

I have experience with square because they were the guys who forced us to change name to pitch the biscuit at the end, to help us when I we have better print. So beside this Adam appearance.

C

I'm, the data right, so how? How is the transfer done also with a kind like account, number or email address or I.

D

B

Have an ID like a like a handle right, like I'm I'm at sea beans on cash out? Oh that's! What you're, asking and.

C

Yeah yeah also what sir yeah what's identity, what you are sending, which data do we need for, for setting up a payment account.

C

Does anybody, maybe we should find out somebody who has yeah, who has already set up an account or who can try to set up account to just so get a little bit of feeling because often near that? What icing on the back pitch not really like it looks like when you try it out. Of course you have it all right, yeah.

B

Yeah, so if I want to pay, somebody I've never actually used it. I just just go down.

B

C

I might not let.

B

Me because I don't have any balance on yet so so I don't know. I I just know that it's it's like it's it's just sort of like at some user name. I! Imagine that's that's what the recipient details would would entail. You guys started.

E

Talking about the cash up, yeah.

E

I haven't use it, but I have friends, use anything here, so you guys need to, but I give you that quick, try and give some feedback I'm happy to do so. Mm-Hmm.

C

You have to be great when we find two people who do a quick check if everything works like this and what we need exactly- and we can add this as well- doesn't sound like yeah and the transverse. Also do you have a web page where you see your trade, your balances and history once I change, three.

B

I don't know if there's a web interface for all I've ever seen.

C

Because on the mobile it will be difficult for the arbitrator to verify. We should have a basic HTTP web page and everything is easy. I.

E

Believe that you guys are aware that cache allows you to buy and sell Bitcoin already right.

C

D

That you accommodate humans, they don't let you deposit or withdraw yet. Do they.

B

Yeah I, don't know all I know is it's supposed to be rolled out to most users now, but somehow I'm not included in that or maybe maybe my app can do it, but because I don't have a balance on it. It doesn't allow me to get into it's like you have to like swipe left at some secret place to get into the Bitcoin functionality.

B

There's no sort of affordance in the UI, but I've tried to follow the instructions and I can't do it so I know they've just been in the process of rolling out the ability to buy, but I don't know if there's any any ability to sell yet- and the whole point is that you know it's. It's nice that they're doing that, but it's a custodial service right there holding private keys. So it's actually an interesting opportunity for us with bisk to compare and contrast to two different styles right.

B

You can use cash up as a payment method in disk right so that you can actually hold on to your Bitcoin properly right, as opposed to this nice and convenient thing where you don't have the private keys and therefore you don't have the big contracts.

D

In fact, it's a way to withdrawal from cash after your bitcoins. If you can't do it right now, then you just pay someone else fit. You might even be able to pay them in Bitcoin for this place,.

B

D

I'm, just looking at the I'm just doing in the webinar testing on that, but moving on to liquidity week, it's an experiment. You know it's not going to change the world, but if we just managed to get ten offers on the order book- and we see what happens, how the volume increases when that's there and it doesn't, it really does not take much. We just need four or five people to place a couple of offers. Each week we don't need this spreads to be very narrow. You know they can they don't?

D

If they don't want to have a lot of activity, they can do 5% or 10% away from the market price, but but we just need, we just need yeah. We just need a dozen all those ten orders on the other book for a week. If we can do that, we'll get some measurable data that we can that we can use.

D

So you can get a couple of people and Manolos and get a couple people and another couple of the volunteers. This from slack who said they were in the u.s. joined it's done. They'll be success, is an experiment. Yeah.

A

And it looks quite promising there. It's I was so quiet because there's so much activity in the live chat at the moment there are people are asking why we are not supporting debit cards.

A

At the moment, yeah.

C

Because of the charge of acreage.

A

And again, I answered it correctly regarding the cash deposit that was just used to very rarely so far, but it was used.

C

To ready yeah, it was used, I think it's more used by those who are very private concerned, because they're send off the money, can't stay in private. With this method. I cannot really estimate it well, but maybe something like 3% 5% of all trades in the US.

A

Okay cool, so so regarding payment method, so we will give when more, I try and regarding square. We just have to figure out the last details either by ourselves or if someone wants to take this and have Amati to talk who has actually a square account or Chris, do you think you can just figure out everything on your own? What.

B

What I think we should do is take the opportunity to because I've written this up now, like I, don't know how many times like a rough set of the details, that we need for a payment method but to really actually write up hey. This is the this is what you need. These are the questions you need to answer for us to consider adding a payment method, chargeback risk monthly limits that other data.

B

If we have like a place to go to just in our Docs and then we can, we can point people to that and I think man whoa, were you saying you'd be up for for doing the research on on cash up as well. Did I hear that right, yeah.

E

E

But I just try to put some cash in it. You just asking me for a debit card and I believe when you have that cash you can also buy bitcoins right away and- and if you have, if you guys have the integration with this I mind trying it yeah.

B

What I actually mean is is just sort of filling in the blanks on like what are the limits. You know what are the verification methods? These are basically the same questions. We have every time we consider a new payment method, so one.

E

Of us will write up that.

B

Doc but then, if you could fill in those those those answers just doing that initial research and then there's the test of you would follow.

E

C

The most important will be that there we figure out, if there's a webpage, where you can see your transverse in case of a dispute that arbitrator can verify this because over the mobile, when when it would be only in the mobile, all the transfers and all the other, your your history, it's and it's not I just know it by.

B

The way the world do I have interfaces there, so good HTTP super fine.

A

Perfect cool yeah, so besides the two payment methods, do we want to market you? Us dollar liquidity, be some somehow special awkward or will stick to the tooth activity that we do. Anyways might work best a.

D

Tweet every day, reminding everyone that it's US dollar liquidity, we will be nice having the video tutorial.

D

Us dollars would be amazing, but beyond that it's just we only need five people, math math and we can get it I see the Jonathan's joined I, think he's also in from the US. So that's uh yeah. If we, you know with the three people from the US that we have on online right now and a couple more. It's done.

A

Yeah, perfect and regarding to u.s. dollar Bitcoin video, what's the current states, so this is still the piece, but the bounty out there for anyone to take as much wealth.

B

Yeah I sort of semi volunteer myself last week to do that. I think it might be a good idea for me to do the u.s. one since I'm a card-carrying US person anyway, but but then that can be like a template for these other ones that we do and people will have a script. You know they can go from and just adjust it to. Their sort of locale was necessary. So.

E

At least with to do points of what scenes must be in that video I already mentioned it today, so where I work with I told Phoenix about these, we do a lot of video tutorials for our devices.

E

We believe that that's a easier way to make the people understand how things work and and I spoke with the marketing with one of the marketing guys and I, told him about about these and about the the tokens that he can get if he makes a nice video tutorial, he was interested so if you'd have liked that set of to do points of the minimal things that you guys would like him to cover, he is happy to do so for.

B

For US dollars or for other videos in general or.

E

Along how how to how to install these, how to set up your account, how to use venmo to send money? How to you know, do.

B

You have a could you send a link to other work that he's done.

E

Yes, I mean I can send you guys from this likes on some videos of the different things that we do, but it's it's pretty basic. It's yes ice cream, a video from that records, your desktop and a voice over.

B

Yeah just nice to see how you know nice to see an example. Somebody's work right.

E

B

Cool but yeah, please send them along Thanks.

A

Yeah cool, so is there anything else we want to talk about you're going to US dollar liquidity week or actually it looks like we are on the best way to to have everything ready until end of end of February. Maybe management crying.

C

Maybe they're short note regarding their payment methods when we implemented I would say just to make it in a branch which is based on the latest release.

C

So we are flexible because, as I'm still not really my glue and I'm not sure if I can really work a lot, the next weeks I need to recover a little bit and are but I mean this work for these two payment methods when they are straightforward, I can do for sure, but do a full testing with all the open, pull requests and everything I'm, not sure that that will be quite a little bit of work and so to be independent from this.

C

When anybody would work on this, when I'm not doing it myself then yeah, we should do it that way. So we can make easy release without a lot of testing effort.

A

Yeah yeah I mean.

B

We wouldn't merge any new payment methods until the payment method was complete anyway right. So if somebody was working on then no that wasn't you like. We wait until that pull request was good to go to merge it right. Were you seeing anything different ethical.

C

It would be just more complicate when somebody's facing all it's based on the current master, which has a lot of changes or yeah, and so you should base their branch.

B

On oh six, fives, like the tag of subscribers yeah.

C

Because they've been quite a lot of very valuable pull requests but which are for big changes and meet a lot of testing and there might become more- and there are quite a lot of porous open. So it will be all this changes will be a big release and will require quite a lot of testing effort, I'm, not sure if I can cover it from my work course, yeah.

A

Then, if it's for it's a safer option for sure, because the date is already fixed and as we all know, it will develop and work always gets delayed. Somehow so I think starting from the release, tech might be the safest option.

C

Because yeah, and also probably the release, should be done a little bit before it is when we keep and when you kick up there, yeah liquidity.

D

Guys, sorry, but I have to leave.

A

It's over anyways, okay, yeah, then thanks, everyone for watching and participating on the on the live chat and everyone who trying to hang out and talk to you again next week on YouTube and please feel free to contact us and slack, and it up any time if you want to contribute it I.

F

Add what question or anyone is who's hanging around for a minute, and if you really want to stack your liquidity in these pairs, then I'm just wondering if, if anyone else can comment on, why there's a percentage threshold for bidding or offering out of the money I mean we all know bitcoins super volatile. It would be nice to be able to wrest orders that are well beyond your current thresholds.

C

You can change that. You mean that third, the distance from the market price is correct and percent 10% is by default. You can change it to maximum twenty percent in their settings. It's yeah I mean we could.

F

Be sixty percent decline? No, you know like that, would have that wasn't a big enough threshold. If people were sitting there waiting for it to come back down, but.

C

You know this price is going with the market price, so when yeah, when you make your order one week before so when the price were 15,000 K week late, it was 10,000 K, they're 20%, when you, when you said they're your offer ways 20%, it will be still 20% under the 10k at the moment, when somebody will take it, I mean.

F

Laura, just on fixed orders, not on on something that's floating to the price, but just to be able to rest a fixed order. I, don't understand why there needs to be a Thresh it would. It would probably increase the quiddity a little bit more if you could, if you could bid an offer outside of that range, yeah.

C

I mean one reason is that every offer is adding load to the network. It's a peer-to-peer network amorino.

A

C

And this offers can all the time flooded in the network and refreshed so the more offers. What we have, the more load we are creating, so the offers create a costs. We don't want to have thousands of offers with with 50% market difference, because nobody will take this offer. Usually so there are first, which are very close to the markets are valuable.

C

That's also why the fee is depending on the distance of the market price, so the further away from the market price, the higher your fear, because the more yeah the closer you are to the market price or when you even on the negative side of the market price, the more value you add the bisque, basically, because you have good offers for our users when you put a offer with 20% or something it's not very rarely, but because very unlikely that somebody will take it well. It's.

F

Not very valuable at that particular moment, but prices are very volatile, so give it a day and it could be right on right on the money. You know, but I understand that if it's creating server load that you're trying to prevent right now than that, that makes sense, I just couldn't understand why that was there at all. But if there's.

A

F

Reason then, then sure, but and.

C

F

Like something that over time, it would be good to put those in, because I mean I would love to rest orders and just walk away. But if I don't like the current range, then I have to keep logging into bisque or I have to at least wait to rest. That order you know, and if I want to be first in line at that price, I, don't know it's just something that a lot of exchanges allow you to do. That would probably something you guys should work on over time. Laurie.

B

Are you um are you on github? Could you add an issue for that? Yeah I am yeah, because that actually surprises me I, never even realized that I thought I always thought those thresholds applied only to to our actual you know floating from the market price orders I just tried it myself and got the warning that that a fixed price offer that I'm trying to that I'm trying place is outside the 10%. You know default limit. It's it's surprising to me, but it's also interesting that I've never heard. Another person complain about that.

B

So that's food for thought, but in any case it'd be great to have an issue.

F

People probably won't have an issue with that, but I'm someone, the only time I enter the market, is waiting in line I, don't punch it in and punch out and do market orders. I wait in line I have an entry and exit point well before so with the price movement of Bitcoin, so volatile. It's just it's difficult right now on the.

B

Use case makes total sense. That's why.

F

B

Great, if we have an issue, thank you, I mean.

C

What other reason was to avoid when users make mistake with the price and accidentally said, ten percent of the real price, what they would like to and then the or forget quickly eaten up and that they use it frustrated was another reason to have some kind like sanity check, but I mean I'm open to to release this or limit to further up to whatever 30 40 percent. Fifty percent I.

F

Suspect the majority users are not gonna, have a problem with that and that it probably helps to prevent this information about the current price. But if you guys do want to build high liquidity exchange, I mean that's just something that will probably be required later down the road when more people and more actual I don't know if I want to say savvy traders, but people that aren't trading necessarily at the current market that are trying to line up somewhere else yeah.

F

For that loops. Your comments, I think.

C

The most important feature: what's missing for more professional traders, is that they can cancel or they can modify a offer without losing the fees finger. Scribe, oh, is that new me. If.

F

You can't see, modify you lose the deposit, yeah.

C

You cannot modify it, you can only only remove an offer or create a new one. That has also some conceptual issues. I mean we have an open issue for this, but it needs a little bit of conceptual thinking and work or how to do it right. It's.

F

It's a it just says it clarify that again, so I I can cancel the order without losing the deposit, but I cannot modify. It know.

C

The deposit you always are I mean there. When you create an offer, you set your local wallet, it doesn't leave anything it's just reserved for this offer when somebody's taking your offer and then your deposit goes to the matific at this time or the money is in a multi sick before it's always on your local wallet. The only thing when you would remove an offer is that you lose your trading fee and the transaction fee for that for this trade feat transaction.

C

So when you create an offer, okay, you are paying the trading fee and especially the transaction fee was much higher and in the recent months, like the actual trade fee, that's a and when.

F

You are network free, you're, talking about correct.

C

F

C

Okay and when you are removing the offer yeah, this is gone basically and when you create a new offer yeah you have to pay it again. So that says.

F

No, no I as long as Bitcoin fees remain low, I love that, because what it does is it prevents like spoofing the order book it. It makes sure that you're not just spamming with orders like that's very, very normal and other instruments, I actually kind of like that. A ticket.

C

Point and I think that's really a very interesting angry to see this decentralized exchange. It has different properties. It cannot compete on certain areas with centralized exchange because they have a completely different model, but it creates new value like it's much more trust ful like the price, also the price discovery or the price yeah. Everybody can see the price there's, not not a company whom you need to trust that they have firmly made whatever millions of volume and and this price I mean they can lie about this. Nobody knows it. It's trusted.

C

You have to trust the company in bisque, everybody get the same date that is either its private between the trader or it's completely transparent to everybody in public and I. Think and like what you said no way so yeah I was so smoothing and all kind of manipulations, or that that's probably harder in this because or yeah it's a different model, at least.

B

Really speaks to the to the priorities right. You know that, there's a reason that these things are in place, mostly in its it's, what we're focusing primarily on having this very high liquidity, or you know, servicing the needs of the sort of most sophisticated day traders or what have you it'll, probably be a long time right before bisque evolves to that place, because what we care the most about is having a rock-solid on-ramp and offering from Thea to Bitcoin right from birth to crypto. So yeah.

C

You just prioritize.

B

Things very differently there, but that doesn't mean that we shouldn't make every effort to implement. You know features as we can right. It's just we're always checking ourselves. Yes, it's kind of different standard than the other exchanges right.

C

Honest and that we are off the limitation, said yeah my opinion for speculators for day traders who just want to make advantage from price movements, something like CFD contracts for difference, spread. Betting is much more suitable in my opinion and I think that's possible to build a decentralized CFD model. Then you're not moving Bitcoin and you're, not moving or Fiat you're, just betting on the price and and the winners getting very.

F

Interesting, if you're, if you had like next to zero, spreads, because the only reason I don't like CFDs for one I, don't trust the mark and I, don't like the spreads. But if I can trust bisque to properly mark that and the see that is not like three four percent. That would be outstanding for sure I mean.

C

Yeah that's interesting. Sting also is I mean for CFP the price feed the company, who you have to trust a company who is delivering the price when we make a parent? What's the price of Pitkin next week and yeah and co-invest say something different like BitFenix, who we pick and who we trust and, of course, there's a lot of manipulation, possibilities for those players when it's really big with base q yeah the price is created in a decentralized open, transparent way, I mean it needs a lot of liquidity.

C

The only way to manipulate viscus to make a lot of self traits with yourself and try to push the price in one direction, but yeah when the volume is really picked, and you don't reach much with this. It costs a lot of fees and that will not that will only work as long as the volume in bisque is very low than the price. Not a lot of reliability about the student volume would be bigger. This price will become a at the end.

B

Guys I've got a runner thanks. Everybody okyou.

F

Maybe this one last comment for you guys as well: I mean, if I understand them, focusing on the on-boarding and off-boarding of users and toofie it, but it I, don't know just focusing instead of on volume, I think it doesn't sound like you necessarily are, but maybe focusing on larger people like, for example, large in stood. There are jokes EC trading.

F

That would be a very good use case for bisque and that's what I'm looking at it for instead of me having to try and do a trade with someone that I know, for you know five six digits if I could do it on bisque, even though there's only a few people there, if, at least, if there's people with deep enough pockets there to fill that sort of size, that would be outstanding, and that would be a lot easier to find that number of users, then a high volume of users to to make you know a deep liquidity pool.

F

I, don't know if that makes sense, but I hope you guys worked towards that. I.

C

Yet traits with speak volumes, it has risk, that's always because there's always a Fiat transfer included and all banks have to charge back or risk at the end. You cannot execute this completely. So the only way to deal with it to keep the risk very low and the higher the amounts, the higher the risk that you attract. The scammers I mean when you want to make it trade with $20,000 or whatever. Then a stone bank account.

C

Scammer will look out for you and try to get in make a deal with you and then you you, you suffer from a chargeback and have lost everything. That's the main reason why we have these low limits to make it not attractive for chargebacks cameras and yeah.

C

That has its limitations. It.

F

Makes sense well I love what you guys are doing so I support. So thank you very much and keep up the good work. Yeah.

C

F

That's a lot for you, but all right take care guys good talking with you bye talk to you.