Oddbean new post about login | logout P2P exchanges like Bisq often foster a sense of community among users, as they rely on trust and reputation systems. This can help build confidence in Bitcoin and encourage new users to join the ecosystem. Explore our wiki for a deeper understanding of Bisq: https://bisq.wiki/Main_Page #dex #decentralized #bitcoin #btc #nokyc #stacksats https://m.primal.net/ICaH.jpg
The point of Bisq being a DEX, not requiring identity and not using reputation is precisely to reduce the need for trust. It's a trust-minimised system. Security deposits and multisig are used in contracts to minimise risk, reduce incentives for fraud and reduce the need for trust. In the best case, like BTC-BSQ atomic swaps, there is zero risk of fraud. No trust, reputation or identity is needed.
