From 394ba19ed7c7becbe7b5625951e35095bf94ff3d Mon Sep 17 00:00:00 2001 From: m52go Date: Wed, 12 Aug 2020 12:38:52 -0400 Subject: [PATCH] Update faq, part i First 2 sections: core functions and trading details. --- _data/en.yml | 39 +++++++++++++++++++++------------------ _layouts/page_faq.html | 9 +++++---- 2 files changed, 26 insertions(+), 22 deletions(-) diff --git a/_data/en.yml b/_data/en.yml index 05451ed3..18dccc77 100644 --- a/_data/en.yml +++ b/_data/en.yml @@ -214,24 +214,27 @@ faq: source code and license.

Bisq employs three primary mechanisms to achieve security:

    -
  1. All bitcoins traded with Bisq are secured in a 2-of-2 +
  2. All bitcoin traded with Bisq is secured in a 2-of-2 multisignature address.
  3. Both traders are required to pay security deposits. These are refunded after trades are completed.
    4. -
  4. Trade disputes are handled through a 3-tier mechanism that includes trader chat, mediation, and arbitration.
    5. -

When trading fiat currency for bitcoin, there is always some chargeback risk, as fiat transactions can technically be reversed.

To mitigate this risk, Bisq:

- hDifferent: "There are already other decentralized exchanges. How is Bisq different?" +
  • Trade disputes are handled through a 3-tier mechanism that includes trader chat, mediation, and arbitration.
    • +

    When trading fiat currency for bitcoin, there is always some chargeback risk, as fiat transactions can often be reversed.

    To mitigate this risk, Bisq:

    + hDifferent: "How is Bisq different from other decentralized exchanges?" pDifferent: > -

    Currently no other project fits our definition of a decentralized bitcoin-to-fiat exchange. OpenBazaar is one project that comes close to mirroring Bisq's principles, but it's a general-purpose marketplace, not a specialized currency exchange.

    Most exchanges claiming to be decentralized either do not support fiat exchange, or operate with a client-server architecture and do not fit our definition. And of course there are a lot of ICO projects with whitepapers but they have not proven yet that they can deliver any working software.

    To be properly decentralized, one must avoid single points of failure: