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bisq-network
⚡️ Bisq Market Day - March 20th 2023
This is a Bisq Network proposal. Please familiarize yourself with the submission and review process.
Summary
Following the 2018's proposal to create more liquidity on bisq, perhaps it's a good time to revisit this idea and give it another push. I believe it worked quite well back then and although it didn't reach the objectives it was a great starting point.
Proposal
On March 20th 2023 we will try to get as many people as possible to place offers on Bisq as a way to kick-start liquidity and also launch the newest release. Bisq 2.0.
Objective
Reach maximum number of offers published during 1 day. If we can reach 1000 offers published on one day we will see a new high in number of trades.
Please add a 👍 below if you will participate!
Great proposal. Previous market days helped a lot. Having a certain date is a good way to focus objectives. The ask is simple: please create an offer on Bisq on March 20th 2023.
Let's try to get new markets started on that day! China, Nigeria, India, Argentina could be interesting markets.
We can reach out to local Bitcoin communities like the ones listed here: https://btcmap.org/communities to participate!
Less than 3 months left for Bisq Market Day!
Here's a list of tasks in search of volunteers to take them on:
Before Market Day
- Social media post 20, 10, 5, 1 day before (Twitter, reddit, bitcointalk, Telegram, Nostr, etc). @MwithM
- Community ambassador Asia - @flix1
- Community ambassador Africa @pazza83
- Community ambassador Europe @leo816
- Community ambassador America @MwithM
- Recruitment - contact Bisq users in matrix, get them to commit to posting offers on Market Day. @jmacxx
- Create promotional material - images, memes, etc... for social media campaigns. @w0000000t
- Create tutorials, wiki pages, etc to easily onboard newbies on Market Day. @flix1
On Market Day
- Video streaming and live trade demos, tutorials, Q&A, etc.
- Live tweeting and host Twitter Spaces
- User Support
As well as having representatives from different local markets on the livestream, each talking about their local perspective (I'm particularly interested in having someone from Nigeria, given what's going on there with CBDC, etc.) It would also be interesting to have a number of guests from other P2P or DEX projects to compare notes, see what they do better or worse than Bisq. Since the livestream could span multiple timezones and last a few hours, there's time for a lot of guest appearances...
Guest Wishlist:
P2P exchanges
- Hodlhodl https://twitter.com/hodlhodl
- Paxful https://twitter.com/RPaxful
- Localbitcoins https://twitter.com/LocalBitcoins
- Robosats https://twitter.com/RoboSats
- Peach Bitcoin https://twitter.com/peachbitcoin
- TBD https://twitter.com/brockm
FOSS Projects / potential collaboration
- Electrum https://twitter.com/ElectrumWallet
- Umbrel https://twitter.com/umbrel
- Mempool https://twitter.com/mempool
- BTCPayserver https://twitter.com/BtcpayServer
Speaking of local groups, BTCMap's community map is awesome!
https://btcmap.org/map?communitiesOnly
I want to boost a message on RHR for Bisq's market day. I will spend 77,777 sats so that it will be read out as a top 4 boost. I was gonna boost something like this but could use feedback: "On the 20th of March Bisq will have a market day. Show your support for the P2P exchange that cannot be shut down by creating an offer on Bisq, especially in less liquid markets. Bisq 2.0 will also be launching. Initially as a lightweight P2P message board but with more to come in the future." You can boost up to 500 characters so let me know. Also I will wait until right before the next RHR to boost so that I know with higher probability that my boost will be enough to be in the top 4. I don't need to boost now and can wait until we get closer to the day. It might also make sense for me to boost once a month out and then again the week before. The 20th is a Monday and RHR is normally Thurs/Fri so a boost which is read out the previous Thurs/Fri would definitely make the most sense.
Let me suggest changing from:
"On the 20th of March Bisq will have a market day. Show your support for the P2P exchange that cannot be shut down by creating an offer on Bisq, especially in less liquid markets. Bisq 2.0 will also be launching. Initially as a lightweight P2P message board but with more to come in the future."
To:
"Bisq Market Day on March 20th. Show your support for the P2P exchange that cannot be shut down by creating an offer on Bisq. Kick-start new markets. Join the Bisq community on Matrix (https://bisq.chat/). Try out the new Bisq 2.0."
As to the timing, I agree 3-4 days before market day is probably best. Sooner and people forget, later and people can't prepare in time.
Key messages:
WHY = Support Bitcoin decentralized exchange
WHAT = Bisq Market Day
WHEN = 20th March
HOW = Create an offer on Bisq
I would create content in support of each of these messages. The WHAT and WHEN are simply conveyed in this image:
For the HOW we can use links to the Bisq wiki: https://bisq.wiki/Howto
The WHY is the most important. There are many reasons why a DEX is important for Bitcoin and good for users... but we need to think a lot about how to transmit these reasons in a simple and powerful way.
Reasons why you should support Bitcoin decentralized exchange:
- PRIVACY: centralized exchanges spy on you, collect your data and then sell it or leak it. Bisq CANNOT collect your data.
- SECURITY: centralized exchanges can and often do lose your Bitcoin. Bisq NEVER controls your coins.
- FREEDOM: centralized exchanges can censor you. Bisq CANNOT censor anyone.
- FOSS: you don't know what centralized exchanges are doing with your Bitcoin. Bisq is open source.
I keep thinking what is the best way to kickstart a new market. We've tried with bounties for market makers, 1st trade, etc. See for example:
https://github.com/bisq-network/growth/issues/23 Claimed in 2020 by @adibas03 @Olugbo - no trades in NGN since 2021. https://github.com/bisq-network/growth/issues/24 Bounty failed https://github.com/bisq-network/growth/issues/187 Claimed in 2020 by @RadishXN - some activity in CNY in 2023 https://github.com/bisq-network/growth/issues/138 Claimed in 2019 - some activity since in JPY, thanks to @wiz https://github.com/bisq-network/growth/issues/172 Bounty failed - no activity in ARS since 2020.
Most have not resulted in sustainable or liquid markets after the bounty. We did learn a lot from the experience. At the very least we should contact all Bisq users who have claimed bounties in the past and ask them to participate in Market Day.
My boost was read on the most recent RHR. It was 4th on the list for 77,777 sats. I went with @flix1's suggested wording. For the RHR just prior to Bisq's Market Day I will try to boost enough to get 1st on boostagrams either that, or if it is cheaper, pay for a $50 shoutout.
I will be more than glad to help to Bisq growth and it will be great if you can tell me what to do or any plan to keep some activity.
That is excellent news @RadishXN !
I really want to activate China on Market Day March 20th. I will personally pay you to act as market maker on that day to make sure that there are some offers available in CNY/BTC.
Your job would be:
- Keep at least 2 BUY and 2 SELL offers online on CNY/BTC for the 24 hours of March 20th
- Complete any trades that happen.
- Communicate with other bitcoiners in China to bring them to Bisq on that day to try it.
If you accept this job I will pay:
-200 BSQ in advance -300 BSQ on completion -300 BSQ bonus is more than 3 trades happen in CNY/BTC on March 20th.
To be clear - this is not a Bisq bounty. I will be paying this personally as an experiment.
That is excellent news @RadishXN !
I really want to activate China on Market Day March 20th. I will personally pay you to act as market maker on that day to make sure that there are some offers available in CNY/BTC.
Your job would be:
- Keep at least 2 BUY and 2 SELL offers online on CNY/BTC for the 24 hours of March 20th
- Complete any trades that happen.
- Communicate with other bitcoiners in China to bring them to Bisq on that day to try it.
If you accept this job I will pay:
-200 BSQ in advance -300 BSQ on completion -300 BSQ bonus is more than 3 trades happen in CNY/BTC on March 20th.
To be clear - this is not a Bisq bounty. I will be paying this personally as an experiment.
I will be more than happy to appreciate your proposal. I will try my best to do it.
I take that as a yes @RadishXN. Please post a BSQ address here and I will send you the advance payment.
I take that as a yes @RadishXN. Please post a BSQ address here and I will send you the advance payment.
I try to reach you on element, but I am not sure if you recieve my message, please let me know.
Advance paid.
Please write about anything that needs to be fixed in the next release for CNY/BTC. Translation, payment methods, etc... Anything that is blocking people in China from using Bisq... so we can ask the Bisq devs to fix it before Market Day.
We should definitely take advantage of this by contacting LBC traders and explaining that Bisq CANNOT discontinue its service because it is not a company but a DEX.
@MwithM Do you already have some tweet ideas? Just retweeted the first post.
Would be great if you can share them with me so I can translate or adapt them for BisqDe. Or let's chat about it on Matrix.
Social media countdown
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Twitter ✔️
https://twitter.com/bisq_network/status/1630886347354570753 -
Nostr
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Reddit ✔️
https://www.reddit.com/r/Bitcoin/comments/11fybcv/bisq_market_day_march_20th_is_just_a_few_weeks/ https://www.reddit.com/r/bisq/comments/11fy9tr/bisq_market_day_march_20th_is_less_than_a_month/ -
Telegram ✔️
-
Whatsapp
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Instagram
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Youtube
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Facebook
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Discord
To make coordination of social media efforts simpler, we can use this shared spreadsheet: https://cryptpad.fr/sheet/#/2/sheet/edit/rAWnuV5GZsibp5UB+e-Yg0cs/
It looks like we might have somebody interested in helping from Nigeria! So i'm going to offer the same incentives as for China.
I will pay you to act as market maker on that day to make sure that there are some offers available in NGN/BTC.
Your job would be:
- Keep at least 2 BUY and 2 SELL offers online on NGN/BTC for the 24 hours of March 20th
- Complete any trades that happen.
- Communicate with other bitcoiners in Nigeria to bring them to Bisq on that day to try it.
If you accept this job I will pay:
-200 BSQ in advance -300 BSQ on completion -300 BSQ bonus is more than 3 trades happen in NGN/BTC on March 20th.
To be clear - this is not a Bisq bounty. I will be paying this personally as an experiment.
Welcome @Jayboi23 I'm really looking forward to seeing Nigeria active on Bisq. The job is yours. Message me on Matrix with a BSQ address for the advance payment.
OK, so we managed to do a Bisq test trade for HKD with a guy from the Hong Kong Bitcoin association. Several of its members are looking to participate in market day. In summary: it did NOT go easy. UX is not a Bisq strong point. I'm going to list all the issues we ran into here for future reference.
We started at 11:00 CET (19:00 HK) and finished at 19:30 CET (2.30 HK) so it required a lot of patience.
-First issue was initial Bisq sync time after install. It took hours. No idea why. -Then there was blocked shutdown - after waiting a while he had to forcibly shut down Bisq. -Then it had to sync the DAO again - about 15 minutes -He did not know how to set up a payment account, was afraid to put real data in it. I had to explain all the Bisq privacy features, that data is stored locally in his computer and only shared with trade peer, why he needs a real payment account if he wants to sell bitcoin, etc. -I sent him some BSQ, fee must have been low because it took hours to confirm. -He was confused by security deposits. I had to explain this feature. -Could not create offer, button was greyed out. Fixed after restart. -Confusion over offers in HKD for CN and for HK - different payment methods in same market. -Sync stuck. Restart again. -Finally tries to take offer - stuck at "checking if offer is still available" probably connectivity issues. Another restart. -10 minute wait to sync DAO again. -"Peer has not responded" this time I restarted (had no incoming connections).
Finally he managed to take my offer. It's a fake/test trade anyway because I won't require payment from him, so it should be fast to complete.
...but you can see all the things that need fixing, improving, simplifying. Any other guy would have given up after the first hour.
Its due to Tor connectivity & throughput. Looks like CN / HK have worse issues than most.
We now have a live real offer in HKD
We have a maker! Now we just need a taker.
Buy and sell offers up un NGN! Thanks to @Jayboi23
He has also suggested that we should add some of the instant payment methods used in Nigeria:
Kuda, PalmPay, OPay
https://www.palmpay.com/ https://kuda.com/ https://www.opayweb.com/
For reference an example of a recently added payment method: https://github.com/bisq-network/growth/issues/222
Argentina is now activated! ARS/BTC has live buy and sell offers.
All it took was a tweet! https://twitter.com/bisq_network/status/1632069392576946179