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Japan: JPY Liquidity Party [June 19 2019] #140

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flix1 opened this issue Jun 11, 2019 · 6 comments
Closed

Japan: JPY Liquidity Party [June 19 2019] #140

flix1 opened this issue Jun 11, 2019 · 6 comments

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@flix1
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flix1 commented Jun 11, 2019

What

On 19 June 2019 we will try to kick-start the JPY/BTC market

Objective

Reach 10+ live offers in JPY/BTC market.

Bounty

Participants in the experiment (creating at least 1 offer on this day) will be rewarded with 20 $BSQ after posting feedback here.

Additionally there will be BTC bounties offered by collaborators to be announced during the event.

Please add a 👍 below if you will participate!

@flix1
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flix1 commented Jun 11, 2019

In collaboration with Tokyo Bitcoin Meetup

Wednesday, 19 June 2019 7pm-10pm JST (12:00-15:00 CET)
https://www.meetup.com/en-AU/Tokyo-Bitcoin-Hackers/events/262055716/

@flix1
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flix1 commented Jun 21, 2019

image

This was moderately successful. The maximum number of live offers reached was 6.

@wiz
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wiz commented Jul 4, 2019

Unfortunately nobody participated in the Liquidity Party on that particular day. However @torachan3 did create offers as a direct result of the event, and a few other guys are going to soon. So I would request to change this bounty to anyone who creates offers within 30 days of the meetup presentation. Is that reasonable?

@flix1
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flix1 commented Jul 5, 2019

I think that nobody will object to @torachan3 claiming the bounty a bit late.

We are always happy to encourage contributors to learn how to make their first compensation request to the DAO. This is as good an excuse as any and it meets the overall goal of helping kick-start Japan.
https://github.com/bisq-network/compensation/issues

@torachan3 go ahead and create your compensation request based on this bounty. I will definitely vote in favour in this voting cycle and I'm pretty sure so will everyone else.

@torachan3
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Okay, I will submit a compensation request :)

@torachan3
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torachan3 commented Jul 7, 2019

I claim this bounty. Although I did not create an offer on the day of the Liquidity Party, I have begun using Bisq and creating orders as a result of learning about Bisq at this event. At first I had created 2 BUY and 2 SELL orders for about ~1000 yen each, but currently have 1 BUY and 1 SELL order up for about ~5000 yen each. I plan to keep these online to help with market liquidity.

Some feedback:

  • First of all, I love the idea of a decentralized exchange like Bisq and look forward to its development and want it to succeed.
  • I was a little surprised at how much of a "reserve" was required for some of the orders. Some of them were 5x the amount. I think this should be optional, instead of required. The person taking on an order should be able to see how much is in reserved (if anything.)
  • At first I had created 2 BUY and 2 SELL orders for about ~1000 yen each. I chose this small amount because of the high "reserve" that was required, though with on-chain transaction fees that small of an amount becomes impractical.
  • I would love to be able to run Bisq on a Raspberry Pi. I tried searching how to install it on a Pi and came across a couple threads, but it sounded like if you could even get it running it would be too slow to be usable.
  • I'm having fun learning about Bisq and am having fun now learning how the DOA works as I begin to submit my compensation request!

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