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		<summary type="html">&lt;p&gt;Darawhelan: /* &amp;quot;Cannot take offer because snapshot height does not match...&amp;quot; error */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Below is a compilation of '''frequently-asked questions (FAQ)''' about Bisq, how to use it, and how to help the project.&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note|'''Version Context:''' Bisq is evolving software. While many principles here are general, specific examples regarding trade mechanics, limits, and security often refer to the classic '''[[Bisq 1|Bisq v1]]''' trading protocol unless stated otherwise. The current platform is '''[[Bisq 2]]''', which supports multiple protocols including '''[[Bisq Easy]]''' (which may have different rules, e.g., using [[Reputation]] instead of [[Security deposit|security deposits]]).}}&lt;br /&gt;
&lt;br /&gt;
Feel free to ask further questions on any of Bisq's many outreach channels linked at the bottom of this page.&lt;br /&gt;
&lt;br /&gt;
__TOC__&lt;br /&gt;
&lt;br /&gt;
== About ==&lt;br /&gt;
&lt;br /&gt;
==== How is Bisq different from other decentralized exchanges? ====&lt;br /&gt;
&lt;br /&gt;
Bisq is fundamentally different: it's a peer-to-peer trading network accessed via software you run on your own hardware, not a website or centralized service. It connects you directly to other users running the software to facilitate trades. It's open-source and community-driven via a [[Decentralized autonomous organization|DAO]].&lt;br /&gt;
&lt;br /&gt;
Crucially, you can trade bitcoin directly for fiat currencies (like USD, EUR) or other cryptocurrencies.&lt;br /&gt;
&lt;br /&gt;
Think of it like owning your home versus renting. With Bisq, you have full control over your funds and data; with centralized services (even DEX websites), you're subject to the platform's rules and risks.&lt;br /&gt;
&lt;br /&gt;
With Bisq you're always the owner:&lt;br /&gt;
&lt;br /&gt;
* Bisq does '''not''' hold your bitcoin. Trading funds (in the classic v1 protocol) are held in '''2-of-2 multisignature addresses''' controlled solely by you and your trading peer.&lt;br /&gt;
* Bisq does '''not''' hold your national currency. Fiat transfers happen directly between traders using external payment services.&lt;br /&gt;
* All data travels over Bisq's secure [[P2P Network|peer-to-peer network]] built on [[Tor]]—no central servers means '''no data honeypots''' vulnerable to large-scale hacks.&lt;br /&gt;
* Bisq requires '''no registration or KYC''', protecting your privacy. Data about who trades with whom is not stored.&lt;br /&gt;
* Bisq is code, not a company, governed by its [[Decentralized autonomous organization|DAO]].&lt;br /&gt;
&lt;br /&gt;
See more in the [[Introduction]].&lt;br /&gt;
&lt;br /&gt;
==== Is Bisq open-source software? ====&lt;br /&gt;
&lt;br /&gt;
Yes. Bisq's software is free/libre open-source licensed under the GNU Affero General Public License (AGPLv3).&lt;br /&gt;
&lt;br /&gt;
You can find the [https://github.com/bisq-network/bisq source code] and [https://github.com/bisq-network/bisq/blob/master/LICENSE license] on GitHub.&lt;br /&gt;
&lt;br /&gt;
==== Is Bisq safe? ====&lt;br /&gt;
&lt;br /&gt;
Bisq is designed with multiple layers of security, and strong incentives encourage fair trading, making the vast majority of trades proceed smoothly.&lt;br /&gt;
&lt;br /&gt;
Key security mechanisms (particularly in the classic v1 protocol) include:&lt;br /&gt;
&lt;br /&gt;
* Bitcoin secured in a 2-of-2 multisignature escrow address controlled only by the traders.&lt;br /&gt;
* Mandatory [[Security deposit|security deposits]] from both traders, refunded upon successful completion, deterring fraud.&lt;br /&gt;
* A [[Dispute_Resolution_in_Bisq_1|3-tier dispute resolution system]] (trader chat, mediation, arbitration) for handling issues.&lt;br /&gt;
&lt;br /&gt;
However, trading fiat currencies always carries some inherent '''chargeback risk''', as banks can sometimes reverse payments. Bisq mitigates this by:&lt;br /&gt;
&lt;br /&gt;
* Supporting mainly [[Payment methods|payment methods]] known to have lower chargeback risk (explicitly avoiding easily reversed methods like PayPal or credit cards).&lt;br /&gt;
* Employing an [[Account_limits#Account_signing|account signing mechanism]] in v1 for certain fiat methods, which limits trade sizes for new accounts until integrity is established through successful trades.&lt;br /&gt;
&lt;br /&gt;
Newer protocols like [[Bisq Easy]] use different security models, such as relying on [[Reputation|seller reputation]] instead of security deposits.&lt;br /&gt;
&lt;br /&gt;
== Getting started ==&lt;br /&gt;
&lt;br /&gt;
==== I find Bisq very confusing initially! ====&lt;br /&gt;
&lt;br /&gt;
You're not alone; some users find the interface takes getting used to, especially compared to simpler centralized exchanges.&lt;br /&gt;
&lt;br /&gt;
* Check out the official [https://bisq.network/getting-started/ getting-started guide].&lt;br /&gt;
* Visual guides and tutorials may be available on the [https://bisq.network/ Bisk Network website] or community channels. (Note: Previous specific video links were outdated/broken).&lt;br /&gt;
&lt;br /&gt;
Bisq is under continuous development, with ongoing efforts to improve the user interface and experience.&lt;br /&gt;
&lt;br /&gt;
==== My currency market has few or no offers. What can I do? ====&lt;br /&gt;
&lt;br /&gt;
Market liquidity varies. Some markets are very active, while others are less so, often due to the availability of suitable local payment methods or lack of initial bootstrapping.&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note|An empty offer book doesn't always mean zero activity. Sometimes users are waiting for offers to appear. Try making your own offer (acting as a [[How to be a market maker on Bisq|market maker]]) - someone might take it! This is common in markets like CAD, AUD, and GBP.}}&lt;br /&gt;
&lt;br /&gt;
You can check recent activity for your market via `Market` &amp;gt; `Trades` in the application.&lt;br /&gt;
&lt;br /&gt;
To help grow a market:&lt;br /&gt;
* Ensure suitable local [[Payment methods]] are supported. You can [https://github.com/bisq-network/growth/issues/new/choose suggest new ones here].&lt;br /&gt;
* Spread the word in relevant local communities to attract both buyers/sellers and market makers. Bisq contributors can often offer support and resources for local outreach efforts.&lt;br /&gt;
&lt;br /&gt;
==== Do I really need bitcoin to buy bitcoin on Bisq? How do I get started with none? ====&lt;br /&gt;
&lt;br /&gt;
Yes, the classic Bisq v1 trading protocol requires a small amount of BTC for [[Security deposit|security deposits]] and [[mining fees]], creating a &amp;quot;chicken-and-egg&amp;quot; problem for complete beginners.&lt;br /&gt;
&lt;br /&gt;
Here are ways to get your first small amount of BTC:&lt;br /&gt;
* See suggestions on the [[Funding_your_wallet#How_to_Obtain_Your_First_Bitcoin|Funding your wallet]] page (e.g., friends, Bitcoin ATMs, earning BTC).&lt;br /&gt;
* Visit the `Get your first BTC` room on [https://bisq.chat Matrix] to potentially arrange small, informal trades ([[Informal_Market_for_Small_BTC_Trades|details here]]).&lt;br /&gt;
* Use the '''[[Bisq Easy]]''' trading protocol available in [[Bisq 2]], which does '''not''' require a security deposit, making it ideal for first-time buyers.&lt;br /&gt;
&lt;br /&gt;
== Trading (Classic v1 Protocol) ==&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note|The following answers primarily describe the classic Bisq v1 protocol mechanics involving security deposits.}}&lt;br /&gt;
&lt;br /&gt;
==== What are trading fees? ====&lt;br /&gt;
&lt;br /&gt;
[[Trading fees]] are a percentage of the trade size. If paid in BTC, makers pay 0.1% and takers pay 0.7%. Fees are roughly halved if paid in BSQ tokens. Remember you also need BTC for on-chain [[mining fees]] (for deposit and payout transactions) and the [[Security deposit|security deposit]] itself (which is returned if the trade completes successfully).&lt;br /&gt;
&lt;br /&gt;
==== Mining fees are high. How can I trade cost-effectively? ====&lt;br /&gt;
&lt;br /&gt;
The classic protocol requires 4 on-chain transactions (3 paid by taker, 1 by maker). To minimize costs:&lt;br /&gt;
* Be an offer '''[[How to be a market maker on Bisq|maker]]''' rather than a taker (fewer transactions to pay for).&lt;br /&gt;
* Trade when network '''[[mining fees]] are lower'''.&lt;br /&gt;
* Make offers for '''larger BTC amounts''' (fees are fixed per transaction, less impactful on larger trades).&lt;br /&gt;
* '''Pay [[Trading fees|trading fees]] with BSQ''' for an approximate 50% discount.&lt;br /&gt;
&lt;br /&gt;
==== Why require a security deposit in BTC? ====&lt;br /&gt;
&lt;br /&gt;
[[Security deposit|Security deposits]] incentivize both parties to follow the [[Trading rules]]. They are locked in multisig escrow with the trade amount and returned upon successful completion. If rules are broken, the deposit can be partially or fully awarded to the counterparty via [[Dispute_Resolution_in_Bisq_1|dispute resolution]], deterring violations like non-payment or failing to confirm payment.&lt;br /&gt;
&lt;br /&gt;
==== What are trading limits? How much can I trade at once? ====&lt;br /&gt;
&lt;br /&gt;
Maximum BTC per trade varies by [[Payment methods|payment method]] based on perceived risk (especially chargeback risk). For example, methods like Zelle or SEPA often have lower limits (e.g., 0.0625 BTC) than less reversible methods. Altcoin trades generally have higher limits (e.g., 0.5 BTC in v1) as chargebacks aren't possible. Check the [[Payment methods]] page for current limits per method. Also see [[Account_limits]] regarding initial limits for new accounts.&lt;br /&gt;
&lt;br /&gt;
==== Which payment methods are available? ====&lt;br /&gt;
&lt;br /&gt;
See the [[Payment methods]] page for the full list. You can [https://github.com/bisq-network/growth/issues/new/choose suggest new payment methods] via GitHub.&lt;br /&gt;
&lt;br /&gt;
==== How does Bisq handle fiat (USD, EUR, etc.)? ====&lt;br /&gt;
&lt;br /&gt;
Bisq '''never''' touches or holds fiat currency. Fiat payments are transferred directly between the buyer and seller using their agreed-upon external payment service (e.g., bank transfer, Zelle). Bisq's role is to provide the secure environment (escrow, deposits) and process for peers to coordinate this external transfer safely.&lt;br /&gt;
&lt;br /&gt;
==== How long does a trade take? ====&lt;br /&gt;
&lt;br /&gt;
Trade times vary greatly depending on the chosen payment method and trader responsiveness.&lt;br /&gt;
* Bisq requires the initial deposit transaction to confirm (usually ~10 minutes) before the buyer can send payment.&lt;br /&gt;
* Some [[Payment methods]] are near-instant (SEPA Instant, Faster Payments), allowing trades to complete quickly after the deposit confirms.&lt;br /&gt;
* Others take days (SEPA, Wire Transfers, ACH).&lt;br /&gt;
* Altcoin trades are typically faster (1 day or 1 hour for Instant).&lt;br /&gt;
Check the [[Payment methods]] page for the maximum trading period allowed for each method. Manual confirmation by both parties is always required.&lt;br /&gt;
&lt;br /&gt;
==== How does Bisq protect my privacy? ====&lt;br /&gt;
&lt;br /&gt;
* Bisq is standalone software, not a website logging your activity.&lt;br /&gt;
* Payment information is stored locally and only shared with your direct trading peer (and potentially dispute resolution agents if needed).&lt;br /&gt;
* All P2P network communication uses [[Tor]] for IP address anonymization.&lt;br /&gt;
* All data exchanged between users is end-to-end encrypted.&lt;br /&gt;
* No registration or KYC is required.&lt;br /&gt;
&lt;br /&gt;
==== Do I need to keep Bisq online for my offers? ====&lt;br /&gt;
&lt;br /&gt;
Yes. Since there are no central servers, your Bisq application must be running and online for your offers to be visible and available for others to take. If Bisq goes offline, your offers are removed from the distributed offer book but are automatically republished the next time you start Bisq. Once a trade *starts*, continuous connection isn't required, but you must come online periodically to perform necessary actions (send payment, confirm receipt).&lt;br /&gt;
&lt;br /&gt;
==== Do I have to use the built-in Bisq wallet? ====&lt;br /&gt;
&lt;br /&gt;
No. While convenient for holding trading funds (BTC, BSQ) and security deposits, you can choose to send funds *from* or receive funds *to* an external wallet address when initiating or completing trades.&lt;br /&gt;
&lt;br /&gt;
==== Do I have to use the BSQ token? ====&lt;br /&gt;
&lt;br /&gt;
No, using [[Introduction to the DAO|BSQ]] is optional. You can pay [[Trading fees]] in BTC. However, using BSQ provides a significant discount (around 50%) on trading fees and directly supports Bisq contributors through the [[Introduction_to_the_DAO|DAO]] mechanism.&lt;br /&gt;
&lt;br /&gt;
==== Will my bank know I'm trading bitcoin? ====&lt;br /&gt;
&lt;br /&gt;
Bisq itself doesn't interact with your bank. However, your trading peer will see your name associated with the payment. Some banks have been known to flag accounts involved in peer-to-peer crypto trading. To minimize potential issues:&lt;br /&gt;
* '''Never''' put Bitcoin-related terms (&amp;quot;BTC&amp;quot;, &amp;quot;Bisq&amp;quot;, etc.) in payment references/memos.&lt;br /&gt;
* Leave the reference field '''blank''' if possible.&lt;br /&gt;
* If a reference is required, use something neutral and innocuous, or just your name. Agree with your peer via [[Dispute_Resolution_in_Bisq_1|trader chat]] if unsure.&lt;br /&gt;
See [[Trading rules]] for details.&lt;br /&gt;
&lt;br /&gt;
== Common Technical Niggles ==&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note| If you encounter persistent issues, please seek help in the `#support` room on [https://bisq.chat Matrix] or open an issue on [https://github.com/bisq-network/bisq GitHub].}}&lt;br /&gt;
&lt;br /&gt;
=== Startup / Connection Issues ===&lt;br /&gt;
&lt;br /&gt;
==== Bisq on macOS won't open, or asks for keystroke recording permission! ====&lt;br /&gt;
* If it won't open, try right-clicking the app icon and selecting `Open`.&lt;br /&gt;
* The keystroke permission prompt is a known issue related to older Java versions sometimes bundled; Bisq does '''not''' record keystrokes. See [https://github.com/bisq-network/bisq/issues/3373 GitHub issue 3373] for historical context. Ensure you are using a recent Bisq version.&lt;br /&gt;
&lt;br /&gt;
==== Bisq seems slow or uses high CPU/memory on startup. ====&lt;br /&gt;
This is often caused by Bisq synchronizing blockchain data (SPV sync). While newer releases include recent data to speed this up, it can still take time, especially if you haven't run Bisq recently. Let it finish syncing; performance should normalize afterwards. If issues persist on a current version, check [[Reducing_memory_usage]] or seek support.&lt;br /&gt;
&lt;br /&gt;
==== On Linux with a high-resolution display, everything is tiny! ====&lt;br /&gt;
See [[Running_on_HiDPI_screen]] for solutions.&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;Payment started&amp;quot; button won't stick / asks to send confirmation again. ====&lt;br /&gt;
This is a known issue related to P2P network conditions, often when the peer is offline. Try these steps:&lt;br /&gt;
* Send a message in [[Dispute_Resolution_in_Bisq_1|trader chat]].&lt;br /&gt;
* Click the &amp;quot;Payment started&amp;quot; button multiple times.&lt;br /&gt;
* Restart Bisq.&lt;br /&gt;
* Try `Settings` &amp;gt; `Network Info` &amp;gt; `Open Tor Settings` &amp;gt; `Delete Outdated Tor Files And Shutdown`, then restart Bisq.&lt;br /&gt;
* Wait while staying online (it sometimes resolves itself).&lt;br /&gt;
* If the trade period is ending, open mediation (`Ctrl+O` / `Cmd+O` on the trade) and explain the issue to the [[Mediator]], potentially providing screenshots.&lt;br /&gt;
&lt;br /&gt;
=== Wallet / Sync Issues ===&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;Offer cannot be taken due to counterparty trade restrictions&amp;quot;. What does this mean? ====&lt;br /&gt;
This usually means information about the offer maker's account limits (based on age/signing status) hasn't fully propagated across the P2P network to your Bisq instance yet. Try restarting Bisq. The offer maker might also need to restart their Bisq client.&lt;br /&gt;
&lt;br /&gt;
==== My SPV resync is taking forever or freezing! ====&lt;br /&gt;
This can happen with older wallets or wallets with many transactions.&lt;br /&gt;
* If it stalls, close and restart Bisq to resume the sync.&lt;br /&gt;
* Syncing is much faster if you [[Connecting_to_your_own_Bitcoin_node|connect Bisq to your own local Bitcoin full node]].&lt;br /&gt;
* After a very long resync completes, consider [[#How_can_I_get_a_fresh_Bisq_wallet_and_transfer_my_BSQ_balance_to_it.3F|switching to a fresh wallet]] to prevent future issues.&lt;br /&gt;
&lt;br /&gt;
==== How can I get a fresh Bisq wallet and transfer my BSQ balance to it? ====&lt;br /&gt;
This involves carefully renaming directories while Bisq is '''closed'''. The wallet is in `btc_mainnet/wallet` inside your [[Data_directory]].&lt;br /&gt;
1. Ensure you have some BTC in your current wallet for transaction fees.&lt;br /&gt;
2. Close Bisq. Rename the `wallet` directory to `oldWallet`.&lt;br /&gt;
3. Start Bisq. It will create a new, empty `wallet` directory. Immediately go to `Account` &amp;gt; `Wallet Seed`, write down the new seed phrase securely offline, and note down your new BTC and BSQ receiving addresses.&lt;br /&gt;
4. Close Bisq. Rename the new `wallet` directory to `newWallet`. Rename `oldWallet` back to `wallet`.&lt;br /&gt;
5. Start Bisq (loading your original wallet). Send your BSQ and BTC funds to the new receiving addresses you saved in step 3.&lt;br /&gt;
6. Close Bisq. Rename `wallet` to `oldWallet` (or delete it if funds are confirmed sent and old seed backed up). Rename `newWallet` to `wallet`.&lt;br /&gt;
7. Start Bisq. You should see your funds in the fresh wallet.&lt;br /&gt;
&lt;br /&gt;
=== DAO Sync Issues ===&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;heightOfLastBlock must match chainHeight&amp;quot; error on startup ====&lt;br /&gt;
This indicates a DAO state mismatch. Try this fix:&lt;br /&gt;
1. Make a [[Backing up application data|backup]] of your data directory.&lt;br /&gt;
2. Close Bisq.&lt;br /&gt;
3. Navigate to your [[Data_directory]]. Delete the `DaoStateStore` directory and the `BsqBlocks` directory (usually found within `btc_mainnet/db/`).&lt;br /&gt;
4. Restart Bisq. It will resync the DAO state.&lt;br /&gt;
5. The resync should complete with in 10 minutes. To see the progress go to DAO &amp;gt; BSQ Wallet &amp;gt; Transactions. There is a status indicator at the bottom of the screen.&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;Cannot take offer because snapshot height does not match...&amp;quot; error ====&lt;br /&gt;
This means your local DAO state is out of sync with your peer.&lt;br /&gt;
1. Try going to `Settings` &amp;gt; `Preferences` and click &amp;quot;Rebuild DAO state from resources&amp;quot;.&lt;br /&gt;
2. Restart Bisq when prompted. Let the DAO sync fully (watch for &amp;quot;Synchronizing DAO&amp;quot; message at the bottom to disappear).&lt;br /&gt;
3. The resync should complete with in 10 minutes. To see the progress go to DAO &amp;gt; BSQ Wallet &amp;gt; Transactions. There is a status indicator at the bottom of the screen.&lt;br /&gt;
4. Try taking the offer again. If the error persists, the other trader likely needs to resync their DAO state.&lt;br /&gt;
&lt;br /&gt;
=== Installation / Environment Issues ===&lt;br /&gt;
&lt;br /&gt;
==== I want to install Bisq on a VPS or headless system. ====&lt;br /&gt;
Bisq requires a graphical desktop environment. Some users report success using tools like [https://www.xpra.org Xpra] to forward the GUI, but this is an advanced setup and not officially supported.&lt;br /&gt;
&lt;br /&gt;
==== I receive a `Java heap space` error on Linux. ====&lt;br /&gt;
You may need to increase the memory allocated to Bisq. Edit the launch configuration file (often `/opt/bisq/lib/app/Bisq.cfg` or similar) and increase the value in `java-options=-XX:MaxRAM=Xg` (e.g., change `8g` to `16g` if you have sufficient RAM).&lt;br /&gt;
&lt;br /&gt;
== Dispute resolution ==&lt;br /&gt;
&lt;br /&gt;
==== How does dispute resolution work? ====&lt;br /&gt;
&lt;br /&gt;
Bisq uses a 3-layer system: [[Dispute_Resolution_in_Bisq_1#Level_1:_Trader_chat|Trader chat]], [[Dispute_Resolution_in_Bisq_1#Level_2:_Mediation|Mediation]], and [[Arbitration]]. Most issues can be resolved directly via chat. If not, a [[Mediator]] can be called (Ctrl+O / Cmd+O on the trade) to propose a resolution based on [[Trading rules]]. [[Arbitration]] is a rare final step if mediation fails. (Note: The arbitrator role changed significantly in v1.2). See [[Dispute_Resolution_in_Bisq_1]] for full details.&lt;br /&gt;
&lt;br /&gt;
==== How is collusion between mediators, arbitrators, and traders prevented? ====&lt;br /&gt;
&lt;br /&gt;
Since Bisq v1.2, trade funds are held in 2-of-2 multisig addresses controlled *only* by the two traders. Mediators and arbitrators do *not* hold a key and cannot unilaterally release funds, preventing collusion risk involving escrow control. They are still bonded roles within the [[Introduction_to_the_DAO|DAO]] to ensure they act fairly and responsibly when investigating and proposing resolutions.&lt;br /&gt;
&lt;br /&gt;
==== What happens if the buyer does a chargeback after BTC is released? ====&lt;br /&gt;
&lt;br /&gt;
Bisq cannot reverse fiat chargebacks made through external banking systems. If a chargeback occurs after the trade is complete and BTC is released, the seller generally has no recourse *within Bisq*. This risk is why Bisq avoids easily reversible payment methods and uses [[Account_limits|account aging]] and [[Account_limits#Account_signing|account signing]] (in v1) to vet traders using riskier methods. Payment methods frequently used for chargebacks may be removed from Bisq.&lt;br /&gt;
&lt;br /&gt;
==== Wouldn't a pure reputation system be better than dispute resolution? ====&lt;br /&gt;
&lt;br /&gt;
Pure reputation systems are vulnerable to [https://en.wikipedia.org/wiki/Sybil_attack Sybil attacks] (creating fake identities) and [https://en.wikipedia.org/wiki/Confidence_trick long con] attacks. They can also compromise privacy (tying reputation to identity) and decentralization (requiring central storage). Bisq's model combines protocol incentives (like [[Security deposit|security deposits]] in v1 or [[Reputation]] in Bisq Easy) with human-based [[Dispute_Resolution_in_Bisq_1|dispute resolution]] for robustness.&lt;br /&gt;
&lt;br /&gt;
==== How can I contact my trading peer? ====&lt;br /&gt;
&lt;br /&gt;
Use the built-in, end-to-end encrypted [[Dispute_Resolution_in_Bisq_1#Level_1:_Trader_chat|trader chat]] available within the trade screen in the Bisq application. Avoid external communication methods.&lt;br /&gt;
&lt;br /&gt;
== DAO ==&lt;br /&gt;
&lt;br /&gt;
==== What is the Bisq DAO? ====&lt;br /&gt;
&lt;br /&gt;
The Bisq DAO (Decentralized Autonomous Organization) is how the Bisq project governs itself and funds its development without relying on a traditional company structure. It's built on Bitcoin and ensures the project remains decentralized and censorship-resistant, aligning governance with the software's principles. Read the [[Introduction_to_the_DAO]].&lt;br /&gt;
&lt;br /&gt;
==== How does the Bisq DAO work? ====&lt;br /&gt;
&lt;br /&gt;
It primarily handles funding and strategy:&lt;br /&gt;
1.  '''Funding:''' [[Trading fees]] paid by users (especially when paid in [[Introduction_to_the_DAO|BSQ]], Bisq's native token) are distributed to contributors whose work is approved by DAO voting.&lt;br /&gt;
2.  '''Strategy:''' Project direction, parameter changes, and other decisions are made collectively through proposals and voting by BSQ stakeholders within the Bisq application.&lt;br /&gt;
Learn more in the [[Decentralized_autonomous_organization|DAO documentation]]. (Note: Previous specific video links were outdated/broken).&lt;br /&gt;
&lt;br /&gt;
==== What do I need to know about the DAO as a trader? ====&lt;br /&gt;
&lt;br /&gt;
Participation is '''optional'''. You don't need BSQ or DAO interaction to trade. However, using BSQ to pay [[Trading fees]] gives you a significant discount (~50%) and directly funds project contributors. When you buy BSQ, you typically buy it from a contributor; when you pay fees with BSQ, it's 'burned' (destroyed). [[Introduction_to_the_DAO#Overview|See more on this cycle here]].&lt;br /&gt;
&lt;br /&gt;
==== Is BSQ just for fundraising? What's its issuance? ====&lt;br /&gt;
&lt;br /&gt;
No, the DAO/BSQ system is primarily for decentralized '''distribution''' of existing trading fee revenue to contributors, not for initial fundraising. BSQ is 'issued' (created by coloring bitcoin) only when a contributor's compensation request is approved by DAO vote. It's 'destroyed' when used for fees. There's no pre-mine or fixed issuance schedule like many other tokens.&lt;br /&gt;
&lt;br /&gt;
==== Can I use Bisq without BSQ and the DAO? ====&lt;br /&gt;
&lt;br /&gt;
You can pay [[Trading fees]] with BTC instead of BSQ. However, since Bisq version 1.9.8, the DAO components are always active in the background as they are integral to how contributor roles and network parameters are managed. Using the DAO/BSQ provides benefits (lower fees) and supports the project's decentralized funding model, which avoids reliance on centralized wallets. Learn more about the DAO [[Decentralized_autonomous_organization|here]]. (Note: Previous specific video/blog links may be outdated).&lt;br /&gt;
&lt;br /&gt;
== Other ==&lt;br /&gt;
&lt;br /&gt;
==== This project is cool! How can I help out? ====&lt;br /&gt;
&lt;br /&gt;
Check out the [[Contributor_checklist|Contributor Checklist]]! Help is welcome in many areas, from development and design to translation, support, and market bootstrapping.&lt;br /&gt;
&lt;br /&gt;
==== I have a question that isn’t covered here...? ====&lt;br /&gt;
&lt;br /&gt;
Please reach out to the community! Good places include:&lt;br /&gt;
* [https://bisq.chat Bisq Matrix] (especially the `#support` or relevant rooms)&lt;br /&gt;
* [https://bisq.network/contact Other community channels] listed on the website (Forum, Reddit, etc.)&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Frequently_asked_questions&amp;diff=4119</id>
		<title>Frequently asked questions</title>
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		<updated>2026-04-11T23:42:06Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* &amp;quot;heightOfLastBlock must match chainHeight&amp;quot; error on startup */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Below is a compilation of '''frequently-asked questions (FAQ)''' about Bisq, how to use it, and how to help the project.&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note|'''Version Context:''' Bisq is evolving software. While many principles here are general, specific examples regarding trade mechanics, limits, and security often refer to the classic '''[[Bisq 1|Bisq v1]]''' trading protocol unless stated otherwise. The current platform is '''[[Bisq 2]]''', which supports multiple protocols including '''[[Bisq Easy]]''' (which may have different rules, e.g., using [[Reputation]] instead of [[Security deposit|security deposits]]).}}&lt;br /&gt;
&lt;br /&gt;
Feel free to ask further questions on any of Bisq's many outreach channels linked at the bottom of this page.&lt;br /&gt;
&lt;br /&gt;
__TOC__&lt;br /&gt;
&lt;br /&gt;
== About ==&lt;br /&gt;
&lt;br /&gt;
==== How is Bisq different from other decentralized exchanges? ====&lt;br /&gt;
&lt;br /&gt;
Bisq is fundamentally different: it's a peer-to-peer trading network accessed via software you run on your own hardware, not a website or centralized service. It connects you directly to other users running the software to facilitate trades. It's open-source and community-driven via a [[Decentralized autonomous organization|DAO]].&lt;br /&gt;
&lt;br /&gt;
Crucially, you can trade bitcoin directly for fiat currencies (like USD, EUR) or other cryptocurrencies.&lt;br /&gt;
&lt;br /&gt;
Think of it like owning your home versus renting. With Bisq, you have full control over your funds and data; with centralized services (even DEX websites), you're subject to the platform's rules and risks.&lt;br /&gt;
&lt;br /&gt;
With Bisq you're always the owner:&lt;br /&gt;
&lt;br /&gt;
* Bisq does '''not''' hold your bitcoin. Trading funds (in the classic v1 protocol) are held in '''2-of-2 multisignature addresses''' controlled solely by you and your trading peer.&lt;br /&gt;
* Bisq does '''not''' hold your national currency. Fiat transfers happen directly between traders using external payment services.&lt;br /&gt;
* All data travels over Bisq's secure [[P2P Network|peer-to-peer network]] built on [[Tor]]—no central servers means '''no data honeypots''' vulnerable to large-scale hacks.&lt;br /&gt;
* Bisq requires '''no registration or KYC''', protecting your privacy. Data about who trades with whom is not stored.&lt;br /&gt;
* Bisq is code, not a company, governed by its [[Decentralized autonomous organization|DAO]].&lt;br /&gt;
&lt;br /&gt;
See more in the [[Introduction]].&lt;br /&gt;
&lt;br /&gt;
==== Is Bisq open-source software? ====&lt;br /&gt;
&lt;br /&gt;
Yes. Bisq's software is free/libre open-source licensed under the GNU Affero General Public License (AGPLv3).&lt;br /&gt;
&lt;br /&gt;
You can find the [https://github.com/bisq-network/bisq source code] and [https://github.com/bisq-network/bisq/blob/master/LICENSE license] on GitHub.&lt;br /&gt;
&lt;br /&gt;
==== Is Bisq safe? ====&lt;br /&gt;
&lt;br /&gt;
Bisq is designed with multiple layers of security, and strong incentives encourage fair trading, making the vast majority of trades proceed smoothly.&lt;br /&gt;
&lt;br /&gt;
Key security mechanisms (particularly in the classic v1 protocol) include:&lt;br /&gt;
&lt;br /&gt;
* Bitcoin secured in a 2-of-2 multisignature escrow address controlled only by the traders.&lt;br /&gt;
* Mandatory [[Security deposit|security deposits]] from both traders, refunded upon successful completion, deterring fraud.&lt;br /&gt;
* A [[Dispute_Resolution_in_Bisq_1|3-tier dispute resolution system]] (trader chat, mediation, arbitration) for handling issues.&lt;br /&gt;
&lt;br /&gt;
However, trading fiat currencies always carries some inherent '''chargeback risk''', as banks can sometimes reverse payments. Bisq mitigates this by:&lt;br /&gt;
&lt;br /&gt;
* Supporting mainly [[Payment methods|payment methods]] known to have lower chargeback risk (explicitly avoiding easily reversed methods like PayPal or credit cards).&lt;br /&gt;
* Employing an [[Account_limits#Account_signing|account signing mechanism]] in v1 for certain fiat methods, which limits trade sizes for new accounts until integrity is established through successful trades.&lt;br /&gt;
&lt;br /&gt;
Newer protocols like [[Bisq Easy]] use different security models, such as relying on [[Reputation|seller reputation]] instead of security deposits.&lt;br /&gt;
&lt;br /&gt;
== Getting started ==&lt;br /&gt;
&lt;br /&gt;
==== I find Bisq very confusing initially! ====&lt;br /&gt;
&lt;br /&gt;
You're not alone; some users find the interface takes getting used to, especially compared to simpler centralized exchanges.&lt;br /&gt;
&lt;br /&gt;
* Check out the official [https://bisq.network/getting-started/ getting-started guide].&lt;br /&gt;
* Visual guides and tutorials may be available on the [https://bisq.network/ Bisk Network website] or community channels. (Note: Previous specific video links were outdated/broken).&lt;br /&gt;
&lt;br /&gt;
Bisq is under continuous development, with ongoing efforts to improve the user interface and experience.&lt;br /&gt;
&lt;br /&gt;
==== My currency market has few or no offers. What can I do? ====&lt;br /&gt;
&lt;br /&gt;
Market liquidity varies. Some markets are very active, while others are less so, often due to the availability of suitable local payment methods or lack of initial bootstrapping.&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note|An empty offer book doesn't always mean zero activity. Sometimes users are waiting for offers to appear. Try making your own offer (acting as a [[How to be a market maker on Bisq|market maker]]) - someone might take it! This is common in markets like CAD, AUD, and GBP.}}&lt;br /&gt;
&lt;br /&gt;
You can check recent activity for your market via `Market` &amp;gt; `Trades` in the application.&lt;br /&gt;
&lt;br /&gt;
To help grow a market:&lt;br /&gt;
* Ensure suitable local [[Payment methods]] are supported. You can [https://github.com/bisq-network/growth/issues/new/choose suggest new ones here].&lt;br /&gt;
* Spread the word in relevant local communities to attract both buyers/sellers and market makers. Bisq contributors can often offer support and resources for local outreach efforts.&lt;br /&gt;
&lt;br /&gt;
==== Do I really need bitcoin to buy bitcoin on Bisq? How do I get started with none? ====&lt;br /&gt;
&lt;br /&gt;
Yes, the classic Bisq v1 trading protocol requires a small amount of BTC for [[Security deposit|security deposits]] and [[mining fees]], creating a &amp;quot;chicken-and-egg&amp;quot; problem for complete beginners.&lt;br /&gt;
&lt;br /&gt;
Here are ways to get your first small amount of BTC:&lt;br /&gt;
* See suggestions on the [[Funding_your_wallet#How_to_Obtain_Your_First_Bitcoin|Funding your wallet]] page (e.g., friends, Bitcoin ATMs, earning BTC).&lt;br /&gt;
* Visit the `Get your first BTC` room on [https://bisq.chat Matrix] to potentially arrange small, informal trades ([[Informal_Market_for_Small_BTC_Trades|details here]]).&lt;br /&gt;
* Use the '''[[Bisq Easy]]''' trading protocol available in [[Bisq 2]], which does '''not''' require a security deposit, making it ideal for first-time buyers.&lt;br /&gt;
&lt;br /&gt;
== Trading (Classic v1 Protocol) ==&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note|The following answers primarily describe the classic Bisq v1 protocol mechanics involving security deposits.}}&lt;br /&gt;
&lt;br /&gt;
==== What are trading fees? ====&lt;br /&gt;
&lt;br /&gt;
[[Trading fees]] are a percentage of the trade size. If paid in BTC, makers pay 0.1% and takers pay 0.7%. Fees are roughly halved if paid in BSQ tokens. Remember you also need BTC for on-chain [[mining fees]] (for deposit and payout transactions) and the [[Security deposit|security deposit]] itself (which is returned if the trade completes successfully).&lt;br /&gt;
&lt;br /&gt;
==== Mining fees are high. How can I trade cost-effectively? ====&lt;br /&gt;
&lt;br /&gt;
The classic protocol requires 4 on-chain transactions (3 paid by taker, 1 by maker). To minimize costs:&lt;br /&gt;
* Be an offer '''[[How to be a market maker on Bisq|maker]]''' rather than a taker (fewer transactions to pay for).&lt;br /&gt;
* Trade when network '''[[mining fees]] are lower'''.&lt;br /&gt;
* Make offers for '''larger BTC amounts''' (fees are fixed per transaction, less impactful on larger trades).&lt;br /&gt;
* '''Pay [[Trading fees|trading fees]] with BSQ''' for an approximate 50% discount.&lt;br /&gt;
&lt;br /&gt;
==== Why require a security deposit in BTC? ====&lt;br /&gt;
&lt;br /&gt;
[[Security deposit|Security deposits]] incentivize both parties to follow the [[Trading rules]]. They are locked in multisig escrow with the trade amount and returned upon successful completion. If rules are broken, the deposit can be partially or fully awarded to the counterparty via [[Dispute_Resolution_in_Bisq_1|dispute resolution]], deterring violations like non-payment or failing to confirm payment.&lt;br /&gt;
&lt;br /&gt;
==== What are trading limits? How much can I trade at once? ====&lt;br /&gt;
&lt;br /&gt;
Maximum BTC per trade varies by [[Payment methods|payment method]] based on perceived risk (especially chargeback risk). For example, methods like Zelle or SEPA often have lower limits (e.g., 0.0625 BTC) than less reversible methods. Altcoin trades generally have higher limits (e.g., 0.5 BTC in v1) as chargebacks aren't possible. Check the [[Payment methods]] page for current limits per method. Also see [[Account_limits]] regarding initial limits for new accounts.&lt;br /&gt;
&lt;br /&gt;
==== Which payment methods are available? ====&lt;br /&gt;
&lt;br /&gt;
See the [[Payment methods]] page for the full list. You can [https://github.com/bisq-network/growth/issues/new/choose suggest new payment methods] via GitHub.&lt;br /&gt;
&lt;br /&gt;
==== How does Bisq handle fiat (USD, EUR, etc.)? ====&lt;br /&gt;
&lt;br /&gt;
Bisq '''never''' touches or holds fiat currency. Fiat payments are transferred directly between the buyer and seller using their agreed-upon external payment service (e.g., bank transfer, Zelle). Bisq's role is to provide the secure environment (escrow, deposits) and process for peers to coordinate this external transfer safely.&lt;br /&gt;
&lt;br /&gt;
==== How long does a trade take? ====&lt;br /&gt;
&lt;br /&gt;
Trade times vary greatly depending on the chosen payment method and trader responsiveness.&lt;br /&gt;
* Bisq requires the initial deposit transaction to confirm (usually ~10 minutes) before the buyer can send payment.&lt;br /&gt;
* Some [[Payment methods]] are near-instant (SEPA Instant, Faster Payments), allowing trades to complete quickly after the deposit confirms.&lt;br /&gt;
* Others take days (SEPA, Wire Transfers, ACH).&lt;br /&gt;
* Altcoin trades are typically faster (1 day or 1 hour for Instant).&lt;br /&gt;
Check the [[Payment methods]] page for the maximum trading period allowed for each method. Manual confirmation by both parties is always required.&lt;br /&gt;
&lt;br /&gt;
==== How does Bisq protect my privacy? ====&lt;br /&gt;
&lt;br /&gt;
* Bisq is standalone software, not a website logging your activity.&lt;br /&gt;
* Payment information is stored locally and only shared with your direct trading peer (and potentially dispute resolution agents if needed).&lt;br /&gt;
* All P2P network communication uses [[Tor]] for IP address anonymization.&lt;br /&gt;
* All data exchanged between users is end-to-end encrypted.&lt;br /&gt;
* No registration or KYC is required.&lt;br /&gt;
&lt;br /&gt;
==== Do I need to keep Bisq online for my offers? ====&lt;br /&gt;
&lt;br /&gt;
Yes. Since there are no central servers, your Bisq application must be running and online for your offers to be visible and available for others to take. If Bisq goes offline, your offers are removed from the distributed offer book but are automatically republished the next time you start Bisq. Once a trade *starts*, continuous connection isn't required, but you must come online periodically to perform necessary actions (send payment, confirm receipt).&lt;br /&gt;
&lt;br /&gt;
==== Do I have to use the built-in Bisq wallet? ====&lt;br /&gt;
&lt;br /&gt;
No. While convenient for holding trading funds (BTC, BSQ) and security deposits, you can choose to send funds *from* or receive funds *to* an external wallet address when initiating or completing trades.&lt;br /&gt;
&lt;br /&gt;
==== Do I have to use the BSQ token? ====&lt;br /&gt;
&lt;br /&gt;
No, using [[Introduction to the DAO|BSQ]] is optional. You can pay [[Trading fees]] in BTC. However, using BSQ provides a significant discount (around 50%) on trading fees and directly supports Bisq contributors through the [[Introduction_to_the_DAO|DAO]] mechanism.&lt;br /&gt;
&lt;br /&gt;
==== Will my bank know I'm trading bitcoin? ====&lt;br /&gt;
&lt;br /&gt;
Bisq itself doesn't interact with your bank. However, your trading peer will see your name associated with the payment. Some banks have been known to flag accounts involved in peer-to-peer crypto trading. To minimize potential issues:&lt;br /&gt;
* '''Never''' put Bitcoin-related terms (&amp;quot;BTC&amp;quot;, &amp;quot;Bisq&amp;quot;, etc.) in payment references/memos.&lt;br /&gt;
* Leave the reference field '''blank''' if possible.&lt;br /&gt;
* If a reference is required, use something neutral and innocuous, or just your name. Agree with your peer via [[Dispute_Resolution_in_Bisq_1|trader chat]] if unsure.&lt;br /&gt;
See [[Trading rules]] for details.&lt;br /&gt;
&lt;br /&gt;
== Common Technical Niggles ==&lt;br /&gt;
&lt;br /&gt;
{{Admonition_Note| If you encounter persistent issues, please seek help in the `#support` room on [https://bisq.chat Matrix] or open an issue on [https://github.com/bisq-network/bisq GitHub].}}&lt;br /&gt;
&lt;br /&gt;
=== Startup / Connection Issues ===&lt;br /&gt;
&lt;br /&gt;
==== Bisq on macOS won't open, or asks for keystroke recording permission! ====&lt;br /&gt;
* If it won't open, try right-clicking the app icon and selecting `Open`.&lt;br /&gt;
* The keystroke permission prompt is a known issue related to older Java versions sometimes bundled; Bisq does '''not''' record keystrokes. See [https://github.com/bisq-network/bisq/issues/3373 GitHub issue 3373] for historical context. Ensure you are using a recent Bisq version.&lt;br /&gt;
&lt;br /&gt;
==== Bisq seems slow or uses high CPU/memory on startup. ====&lt;br /&gt;
This is often caused by Bisq synchronizing blockchain data (SPV sync). While newer releases include recent data to speed this up, it can still take time, especially if you haven't run Bisq recently. Let it finish syncing; performance should normalize afterwards. If issues persist on a current version, check [[Reducing_memory_usage]] or seek support.&lt;br /&gt;
&lt;br /&gt;
==== On Linux with a high-resolution display, everything is tiny! ====&lt;br /&gt;
See [[Running_on_HiDPI_screen]] for solutions.&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;Payment started&amp;quot; button won't stick / asks to send confirmation again. ====&lt;br /&gt;
This is a known issue related to P2P network conditions, often when the peer is offline. Try these steps:&lt;br /&gt;
* Send a message in [[Dispute_Resolution_in_Bisq_1|trader chat]].&lt;br /&gt;
* Click the &amp;quot;Payment started&amp;quot; button multiple times.&lt;br /&gt;
* Restart Bisq.&lt;br /&gt;
* Try `Settings` &amp;gt; `Network Info` &amp;gt; `Open Tor Settings` &amp;gt; `Delete Outdated Tor Files And Shutdown`, then restart Bisq.&lt;br /&gt;
* Wait while staying online (it sometimes resolves itself).&lt;br /&gt;
* If the trade period is ending, open mediation (`Ctrl+O` / `Cmd+O` on the trade) and explain the issue to the [[Mediator]], potentially providing screenshots.&lt;br /&gt;
&lt;br /&gt;
=== Wallet / Sync Issues ===&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;Offer cannot be taken due to counterparty trade restrictions&amp;quot;. What does this mean? ====&lt;br /&gt;
This usually means information about the offer maker's account limits (based on age/signing status) hasn't fully propagated across the P2P network to your Bisq instance yet. Try restarting Bisq. The offer maker might also need to restart their Bisq client.&lt;br /&gt;
&lt;br /&gt;
==== My SPV resync is taking forever or freezing! ====&lt;br /&gt;
This can happen with older wallets or wallets with many transactions.&lt;br /&gt;
* If it stalls, close and restart Bisq to resume the sync.&lt;br /&gt;
* Syncing is much faster if you [[Connecting_to_your_own_Bitcoin_node|connect Bisq to your own local Bitcoin full node]].&lt;br /&gt;
* After a very long resync completes, consider [[#How_can_I_get_a_fresh_Bisq_wallet_and_transfer_my_BSQ_balance_to_it.3F|switching to a fresh wallet]] to prevent future issues.&lt;br /&gt;
&lt;br /&gt;
==== How can I get a fresh Bisq wallet and transfer my BSQ balance to it? ====&lt;br /&gt;
This involves carefully renaming directories while Bisq is '''closed'''. The wallet is in `btc_mainnet/wallet` inside your [[Data_directory]].&lt;br /&gt;
1. Ensure you have some BTC in your current wallet for transaction fees.&lt;br /&gt;
2. Close Bisq. Rename the `wallet` directory to `oldWallet`.&lt;br /&gt;
3. Start Bisq. It will create a new, empty `wallet` directory. Immediately go to `Account` &amp;gt; `Wallet Seed`, write down the new seed phrase securely offline, and note down your new BTC and BSQ receiving addresses.&lt;br /&gt;
4. Close Bisq. Rename the new `wallet` directory to `newWallet`. Rename `oldWallet` back to `wallet`.&lt;br /&gt;
5. Start Bisq (loading your original wallet). Send your BSQ and BTC funds to the new receiving addresses you saved in step 3.&lt;br /&gt;
6. Close Bisq. Rename `wallet` to `oldWallet` (or delete it if funds are confirmed sent and old seed backed up). Rename `newWallet` to `wallet`.&lt;br /&gt;
7. Start Bisq. You should see your funds in the fresh wallet.&lt;br /&gt;
&lt;br /&gt;
=== DAO Sync Issues ===&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;heightOfLastBlock must match chainHeight&amp;quot; error on startup ====&lt;br /&gt;
This indicates a DAO state mismatch. Try this fix:&lt;br /&gt;
1. Make a [[Backing up application data|backup]] of your data directory.&lt;br /&gt;
2. Close Bisq.&lt;br /&gt;
3. Navigate to your [[Data_directory]]. Delete the `DaoStateStore` directory and the `BsqBlocks` directory (usually found within `btc_mainnet/db/`).&lt;br /&gt;
4. Restart Bisq. It will resync the DAO state.&lt;br /&gt;
5. The resync should complete with in 10 minutes. To see the progress go to DAO &amp;gt; BSQ Wallet &amp;gt; Transactions. There is a status indicator at the bottom of the screen.&lt;br /&gt;
&lt;br /&gt;
==== &amp;quot;Cannot take offer because snapshot height does not match...&amp;quot; error ====&lt;br /&gt;
This means your local DAO state is out of sync with your peer.&lt;br /&gt;
1. Try going to `Settings` &amp;gt; `Preferences` and click &amp;quot;Rebuild DAO state from resources&amp;quot;.&lt;br /&gt;
2. Restart Bisq when prompted. Let the DAO sync fully (watch for &amp;quot;Synchronizing DAO&amp;quot; message at the bottom to disappear).&lt;br /&gt;
3. Try taking the offer again. If the error persists, the other trader likely needs to resync their DAO state.&lt;br /&gt;
&lt;br /&gt;
=== Installation / Environment Issues ===&lt;br /&gt;
&lt;br /&gt;
==== I want to install Bisq on a VPS or headless system. ====&lt;br /&gt;
Bisq requires a graphical desktop environment. Some users report success using tools like [https://www.xpra.org Xpra] to forward the GUI, but this is an advanced setup and not officially supported.&lt;br /&gt;
&lt;br /&gt;
==== I receive a `Java heap space` error on Linux. ====&lt;br /&gt;
You may need to increase the memory allocated to Bisq. Edit the launch configuration file (often `/opt/bisq/lib/app/Bisq.cfg` or similar) and increase the value in `java-options=-XX:MaxRAM=Xg` (e.g., change `8g` to `16g` if you have sufficient RAM).&lt;br /&gt;
&lt;br /&gt;
== Dispute resolution ==&lt;br /&gt;
&lt;br /&gt;
==== How does dispute resolution work? ====&lt;br /&gt;
&lt;br /&gt;
Bisq uses a 3-layer system: [[Dispute_Resolution_in_Bisq_1#Level_1:_Trader_chat|Trader chat]], [[Dispute_Resolution_in_Bisq_1#Level_2:_Mediation|Mediation]], and [[Arbitration]]. Most issues can be resolved directly via chat. If not, a [[Mediator]] can be called (Ctrl+O / Cmd+O on the trade) to propose a resolution based on [[Trading rules]]. [[Arbitration]] is a rare final step if mediation fails. (Note: The arbitrator role changed significantly in v1.2). See [[Dispute_Resolution_in_Bisq_1]] for full details.&lt;br /&gt;
&lt;br /&gt;
==== How is collusion between mediators, arbitrators, and traders prevented? ====&lt;br /&gt;
&lt;br /&gt;
Since Bisq v1.2, trade funds are held in 2-of-2 multisig addresses controlled *only* by the two traders. Mediators and arbitrators do *not* hold a key and cannot unilaterally release funds, preventing collusion risk involving escrow control. They are still bonded roles within the [[Introduction_to_the_DAO|DAO]] to ensure they act fairly and responsibly when investigating and proposing resolutions.&lt;br /&gt;
&lt;br /&gt;
==== What happens if the buyer does a chargeback after BTC is released? ====&lt;br /&gt;
&lt;br /&gt;
Bisq cannot reverse fiat chargebacks made through external banking systems. If a chargeback occurs after the trade is complete and BTC is released, the seller generally has no recourse *within Bisq*. This risk is why Bisq avoids easily reversible payment methods and uses [[Account_limits|account aging]] and [[Account_limits#Account_signing|account signing]] (in v1) to vet traders using riskier methods. Payment methods frequently used for chargebacks may be removed from Bisq.&lt;br /&gt;
&lt;br /&gt;
==== Wouldn't a pure reputation system be better than dispute resolution? ====&lt;br /&gt;
&lt;br /&gt;
Pure reputation systems are vulnerable to [https://en.wikipedia.org/wiki/Sybil_attack Sybil attacks] (creating fake identities) and [https://en.wikipedia.org/wiki/Confidence_trick long con] attacks. They can also compromise privacy (tying reputation to identity) and decentralization (requiring central storage). Bisq's model combines protocol incentives (like [[Security deposit|security deposits]] in v1 or [[Reputation]] in Bisq Easy) with human-based [[Dispute_Resolution_in_Bisq_1|dispute resolution]] for robustness.&lt;br /&gt;
&lt;br /&gt;
==== How can I contact my trading peer? ====&lt;br /&gt;
&lt;br /&gt;
Use the built-in, end-to-end encrypted [[Dispute_Resolution_in_Bisq_1#Level_1:_Trader_chat|trader chat]] available within the trade screen in the Bisq application. Avoid external communication methods.&lt;br /&gt;
&lt;br /&gt;
== DAO ==&lt;br /&gt;
&lt;br /&gt;
==== What is the Bisq DAO? ====&lt;br /&gt;
&lt;br /&gt;
The Bisq DAO (Decentralized Autonomous Organization) is how the Bisq project governs itself and funds its development without relying on a traditional company structure. It's built on Bitcoin and ensures the project remains decentralized and censorship-resistant, aligning governance with the software's principles. Read the [[Introduction_to_the_DAO]].&lt;br /&gt;
&lt;br /&gt;
==== How does the Bisq DAO work? ====&lt;br /&gt;
&lt;br /&gt;
It primarily handles funding and strategy:&lt;br /&gt;
1.  '''Funding:''' [[Trading fees]] paid by users (especially when paid in [[Introduction_to_the_DAO|BSQ]], Bisq's native token) are distributed to contributors whose work is approved by DAO voting.&lt;br /&gt;
2.  '''Strategy:''' Project direction, parameter changes, and other decisions are made collectively through proposals and voting by BSQ stakeholders within the Bisq application.&lt;br /&gt;
Learn more in the [[Decentralized_autonomous_organization|DAO documentation]]. (Note: Previous specific video links were outdated/broken).&lt;br /&gt;
&lt;br /&gt;
==== What do I need to know about the DAO as a trader? ====&lt;br /&gt;
&lt;br /&gt;
Participation is '''optional'''. You don't need BSQ or DAO interaction to trade. However, using BSQ to pay [[Trading fees]] gives you a significant discount (~50%) and directly funds project contributors. When you buy BSQ, you typically buy it from a contributor; when you pay fees with BSQ, it's 'burned' (destroyed). [[Introduction_to_the_DAO#Overview|See more on this cycle here]].&lt;br /&gt;
&lt;br /&gt;
==== Is BSQ just for fundraising? What's its issuance? ====&lt;br /&gt;
&lt;br /&gt;
No, the DAO/BSQ system is primarily for decentralized '''distribution''' of existing trading fee revenue to contributors, not for initial fundraising. BSQ is 'issued' (created by coloring bitcoin) only when a contributor's compensation request is approved by DAO vote. It's 'destroyed' when used for fees. There's no pre-mine or fixed issuance schedule like many other tokens.&lt;br /&gt;
&lt;br /&gt;
==== Can I use Bisq without BSQ and the DAO? ====&lt;br /&gt;
&lt;br /&gt;
You can pay [[Trading fees]] with BTC instead of BSQ. However, since Bisq version 1.9.8, the DAO components are always active in the background as they are integral to how contributor roles and network parameters are managed. Using the DAO/BSQ provides benefits (lower fees) and supports the project's decentralized funding model, which avoids reliance on centralized wallets. Learn more about the DAO [[Decentralized_autonomous_organization|here]]. (Note: Previous specific video/blog links may be outdated).&lt;br /&gt;
&lt;br /&gt;
== Other ==&lt;br /&gt;
&lt;br /&gt;
==== This project is cool! How can I help out? ====&lt;br /&gt;
&lt;br /&gt;
Check out the [[Contributor_checklist|Contributor Checklist]]! Help is welcome in many areas, from development and design to translation, support, and market bootstrapping.&lt;br /&gt;
&lt;br /&gt;
==== I have a question that isn’t covered here...? ====&lt;br /&gt;
&lt;br /&gt;
Please reach out to the community! Good places include:&lt;br /&gt;
* [https://bisq.chat Bisq Matrix] (especially the `#support` or relevant rooms)&lt;br /&gt;
* [https://bisq.network/contact Other community channels] listed on the website (Forum, Reddit, etc.)&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3596</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3596"/>
		<updated>2024-04-08T22:17:40Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation Simulation Tool */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Bonding-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Age-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Signed-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
The simulation tool can be access from the reputation system. It can be used for both burning and bonding BSQ. Here is an screenshot showing it in use for burning BSQ.&lt;br /&gt;
&lt;br /&gt;
[[File:Simulation-tool.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Simulation-tool.png&amp;diff=3595</id>
		<title>File:Simulation-tool.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Simulation-tool.png&amp;diff=3595"/>
		<updated>2024-04-08T22:16:07Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Simulation tool&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3594</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3594"/>
		<updated>2024-04-08T22:13:20Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Importing the Account Age from Bisq 1 */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Bonding-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Age-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Signed-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3593</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3593"/>
		<updated>2024-04-08T22:12:38Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Bonding-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Age-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Signed-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Signed-bsq-reputation.png&amp;diff=3592</id>
		<title>File:Signed-bsq-reputation.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Signed-bsq-reputation.png&amp;diff=3592"/>
		<updated>2024-04-08T22:12:23Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Signed bsq reputation&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Age-bsq-reputation.png&amp;diff=3591</id>
		<title>File:Age-bsq-reputation.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Age-bsq-reputation.png&amp;diff=3591"/>
		<updated>2024-04-08T22:11:36Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Age bsq reputation&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Bonding-bsq-reputation.png&amp;diff=3590</id>
		<title>File:Bonding-bsq-reputation.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Bonding-bsq-reputation.png&amp;diff=3590"/>
		<updated>2024-04-08T22:10:38Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bonding bsq reputation&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3589</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3589"/>
		<updated>2024-04-08T22:07:21Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Burning BSQ */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3588</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3588"/>
		<updated>2024-04-08T22:06:50Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Burning BSQ */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3587</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3587"/>
		<updated>2024-04-08T22:06:23Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Burning BSQ */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3586</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3586"/>
		<updated>2024-04-08T22:05:47Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Burning BSQ */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
On the bisq 2 app you will find this same information under 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Burning-bsq-reputation.png|frame|left]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Burning-bsq-reputation.png&amp;diff=3585</id>
		<title>File:Burning-bsq-reputation.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Burning-bsq-reputation.png&amp;diff=3585"/>
		<updated>2024-04-08T22:05:30Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Burning bsq reputation&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3584</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3584"/>
		<updated>2024-04-08T21:57:14Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* How to build reputation */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
You can access all 4 methods of increasing your reputation from the Bisq 2 reputation section found in 'User Options' &amp;gt; 'Reputation'&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-section.png|frame|left]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Reputation-section.png&amp;diff=3583</id>
		<title>File:Reputation-section.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Reputation-section.png&amp;diff=3583"/>
		<updated>2024-04-08T21:56:33Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation section&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3582</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3582"/>
		<updated>2024-04-08T21:51:57Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Importing the Signed Account Age from Bisq 1 */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your signed account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest signed account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the signed account age witness reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3581</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3581"/>
		<updated>2024-04-08T21:50:06Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Importing the Account Age from Bisq 1 */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to import your account age from Bisq 1 for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Open the account age reputation section on Bisq 2&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot; to paste on Bisq 1&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;ACCOUNT/NATIONAL CURRENCY ACCOUNTS&amp;quot;&lt;br /&gt;
# Select the oldest account and click 'Export Account'&lt;br /&gt;
# This will add a signed message with the Bisq 2 profile ID&lt;br /&gt;
# Paste the signature from Bisq 1 in the account age reputation section on Bisq 2&lt;br /&gt;
# Press 'Request authorization' button&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3580</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3580"/>
		<updated>2024-04-08T21:44:10Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to bond BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/BONDING/BONDED REPUTATION&amp;quot; and paste the copied value into the &amp;quot;salt&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to lockup and the lock time (50000 blocks)&lt;br /&gt;
# Publish the lockup transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3579</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3579"/>
		<updated>2024-04-08T21:40:27Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Burning BSQ */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
'''Follow these steps to burn BSQ for reputation:'''&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3578</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3578"/>
		<updated>2024-04-08T21:39:25Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Burning BSQ */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
# Select the user profile for which you want to attach the reputation&lt;br /&gt;
# Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
# Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
# Enter the amount of BSQ you want to burn&lt;br /&gt;
# Publish the Burn BSQ transaction&lt;br /&gt;
# After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3577</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3577"/>
		<updated>2024-04-08T21:36:41Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3576</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3576"/>
		<updated>2024-04-08T21:36:19Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3575</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3575"/>
		<updated>2024-04-08T21:35:53Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3574</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3574"/>
		<updated>2024-04-08T21:35:23Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3573</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3573"/>
		<updated>2024-04-08T21:34:45Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3572</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3572"/>
		<updated>2024-04-08T21:33:17Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3571</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3571"/>
		<updated>2024-04-08T21:32:28Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3570</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3570"/>
		<updated>2024-04-08T21:31:43Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3569</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3569"/>
		<updated>2024-04-08T21:31:19Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3568</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3568"/>
		<updated>2024-04-08T21:30:56Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3567</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3567"/>
		<updated>2024-04-08T21:29:08Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Repuation-ranking2.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
[[File:repuation-ranking2.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
[[File:repuation-ranking2.png|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
[[File:Repuation-ranking2|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
[[File:repuation-ranking2|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3566</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3566"/>
		<updated>2024-04-08T21:25:27Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Repuation-ranking2.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3565</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3565"/>
		<updated>2024-04-08T21:24:23Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:reputation-ranking2.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3564</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3564"/>
		<updated>2024-04-08T21:23:39Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking2.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Reputation-ranking2.png&amp;diff=3563</id>
		<title>File:Reputation-ranking2.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Reputation-ranking2.png&amp;diff=3563"/>
		<updated>2024-04-08T21:23:29Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3562</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3562"/>
		<updated>2024-04-08T21:19:30Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3561</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3561"/>
		<updated>2024-04-08T21:16:50Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking.PNG|50 px|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3560</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3560"/>
		<updated>2024-04-08T21:16:24Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Reputation score star system */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking.PNG|50px|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3559</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3559"/>
		<updated>2024-04-08T21:15:51Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking.PNG|300px|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3558</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3558"/>
		<updated>2024-04-08T21:15:14Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking.PNG|543 x 199px|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&lt;br /&gt;
&lt;br /&gt;
&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Reputation-ranking.PNG&amp;diff=3557</id>
		<title>File:Reputation-ranking.PNG</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Reputation-ranking.PNG&amp;diff=3557"/>
		<updated>2024-04-08T21:11:00Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3556</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3556"/>
		<updated>2024-04-08T21:10:05Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking.PNG|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Reputation&amp;diff=3555</id>
		<title>Reputation</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Reputation&amp;diff=3555"/>
		<updated>2024-04-08T21:09:35Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Reputation is the security mechanism used for [[Bisq Easy]], a [[Bisq 2]] trade protocol.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy does not use security deposits to ensure that trades go smoothly, instead buyers rely on the reputation of the sellers to ensure the trade goes smoothly.&lt;br /&gt;
&lt;br /&gt;
Generally the higher the sellers reputation on Bisq Easy the higher the likelihood is of the trade being successful, and conversely, &lt;br /&gt;
the lower the sellers reputation is on Bisq Easy the less the likelihood is of the trade being successful.  &lt;br /&gt;
&lt;br /&gt;
Buyers should look to choose sellers with a high reputation for their trades.&lt;br /&gt;
&lt;br /&gt;
Sellers should look at how to maximize their reputation to ensure they get more trades.&lt;br /&gt;
&lt;br /&gt;
== Minimum Reputation Score ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy uses 10,000 as the minimum reputation score. &lt;br /&gt;
&lt;br /&gt;
Seller's with a reputation score of 10,000 or more will be able to have their offers taken from buyers. Seller's that have a reputation score of less than 10,000 will not be able to have their offers taken from buyers. &lt;br /&gt;
&lt;br /&gt;
Traders can change this setting in their Bisq 2 client, but the default minimum reputation score is 10,000.&lt;br /&gt;
&lt;br /&gt;
Seller's wanting to sell bitcoin on Bisq Easy should look to obtain a reputation score of at least 10,000, but preferably higher to compete with the other sellers on the platform.&lt;br /&gt;
&lt;br /&gt;
== Reputation score star system ==&lt;br /&gt;
&lt;br /&gt;
To make it easier for user's to compare the reputation scores of different traders, Bisq displays reputation scores as stars (0-5 stars).&lt;br /&gt;
&lt;br /&gt;
To achieve this users' total reputation scores are compared to other scores in the network and ranked and normalized to a value between 0 and 1.&lt;br /&gt;
&lt;br /&gt;
The user with the highest ranking will have a value of 5 stars. The user with the lowest ranking will have a value of 0 stars.&lt;br /&gt;
&lt;br /&gt;
The user profiles only stay for 2 weeks in the network in case a user is not active. Thus their associated reputation will disappear with their profile if being inactive for 2 weeks. This has an impact on the relative reputation score of all other users. For instance if the user with the highest reputation is inactive and gets removed from the network the next user with the highest reputation will become the highest ranked with 5 star. Once a inactive user becomes active again their reputation score will be taken into account in the relative ranking.&lt;br /&gt;
&lt;br /&gt;
One could phrase it as: The reputation score star system is the relative ranking compared to the reputation of the active users in the network.&lt;br /&gt;
&lt;br /&gt;
[[File:Reputation-ranking|frame|left|Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.]]&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Why is Reputation important for sellers ==&lt;br /&gt;
&lt;br /&gt;
Bitcoin buyers send the fiat payment to the sellers prior to receiving the bitcoin. Therefore it is important for bitcoin sellers to have a good reputation to help establish trust with their potential trade partners.&lt;br /&gt;
&lt;br /&gt;
It is expected that users that want to gain reputation to be bitcoin sellers on Bisq Easy will be experienced Bisq users that can provide buyers with a positive experience.&lt;br /&gt;
&lt;br /&gt;
Selling bitcoin on Bisq Easy is expected to be profitable for the sellers in that they will likely choose to sell bitcoin over market price.&lt;br /&gt;
&lt;br /&gt;
== How to build reputation ==&lt;br /&gt;
&lt;br /&gt;
There are currently 4 options for creating reputation:&lt;br /&gt;
&lt;br /&gt;
* Burning BSQ&lt;br /&gt;
* Setting up a BSQ bond&lt;br /&gt;
* Importing the Account Age from Bisq 1&lt;br /&gt;
* Importing the Signed Account Age from Bisq 1&lt;br /&gt;
&lt;br /&gt;
The total score is calculated as sum of the individual reputation sources/events. The reputation scores of users' will change over time due to:&lt;br /&gt;
&lt;br /&gt;
* Reputation gained from bonding BSQ is lost when the bond is unlocked.&lt;br /&gt;
* Users can burn or bond BSQ repeatedly.&lt;br /&gt;
* Users can import signed accounts or aged accounts to replace previous gained reputation scores.&lt;br /&gt;
&lt;br /&gt;
Also the representation of the reputation as stars next to the user profile will also change over time in respect of the score of other users profile IDs.&lt;br /&gt;
&lt;br /&gt;
It is expected that there will be some competition between sellers to achieve higher reputation scores to get more trades from bitcoin buyers interested in trading with account with the most reputation.&lt;br /&gt;
&lt;br /&gt;
=== Burning BSQ ===&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
A user who wants to improve their reputation on the Bisq Easy trade protocol can can burn BSQ.&lt;br /&gt;
&lt;br /&gt;
The more BSQ that is burned the better the reputation score the user would get. &lt;br /&gt;
&lt;br /&gt;
The minimum amount of BSQ that can be burnt is 5.46 BSQ (dust limit).&lt;br /&gt;
&lt;br /&gt;
The value gained by burning BSQ persists over time. Reputation scores achieved from burning BSQ is cumulative. It can be assumed that regular burning (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
Data about the burned BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
If a user gets banned by a moderator they will lose the reputation value that they gained from burning the BSQ as the reputation is linked to their profile and a banned profile cannot be used anymore.&lt;br /&gt;
&lt;br /&gt;
How do you burn the BSQ? follow these steps:&lt;br /&gt;
&lt;br /&gt;
1. Select the user profile for which you want to attach the reputation&lt;br /&gt;
2. Copy the &amp;quot;profile ID&amp;quot;&lt;br /&gt;
3. Open Bisq 1 and go to &amp;quot;DAO/PROOF OF BURN&amp;quot; and paste the copied value into the &amp;quot;pre-image&amp;quot; field&lt;br /&gt;
4. Enter the amount of BSQ you want to burn&lt;br /&gt;
5. Publish the Burn BSQ transaction&lt;br /&gt;
6. After blockchain confirmation your reputation will become visible in your profile&lt;br /&gt;
&lt;br /&gt;
(On the bisq 2 app you will find this same information under &amp;quot;User Options/Reputation&amp;quot;)&lt;br /&gt;
[[File:Screenshot 2024-04-01 at 13.49.11.png|thumb]]&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Burning BSQ has the highest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ burnt the user receives a reputation score of 100. For example if a user burns 100 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can burn multiple times. The scores received are cumulative.&lt;br /&gt;
 &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Setting up a BSQ bond ===&lt;br /&gt;
&lt;br /&gt;
Similar to Burn BSQ but using refundable BSQ bonds. &lt;br /&gt;
&lt;br /&gt;
BSQ needs to be bonded for a minimum of 50,000 blocks (about 1 year). During this time the BSQ is unavailable to the user. After 50,000 blocks the bond can be unlocked and the BSQ is available again to the user. &lt;br /&gt;
&lt;br /&gt;
The value gained by bonding BSQ persists until the time the bond is unlocked. Reputation scores achieved from bonding BSQ is cumulative. It can be assumed that regular bonding (e.g. each week or month) is a form of work and represents activity by the user resulting in a higher reputation score.&lt;br /&gt;
&lt;br /&gt;
A bond can be confiscated (destroyed by a Bisq DAO vote). This would only be done if a bond holder was scamming users. To confiscate a scammers bond requires high quorum at DAO voting, thus its more risky that the confiscation might fail.&lt;br /&gt;
&lt;br /&gt;
Data about bonded BSQ gets published automatically by the oracle node.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Bonding BSQ has a high impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every BSQ bonded the user receives a reputation score of 10. For example if a user bonds 1,000 BSQ their reputation score will be increased by 10,000. Reputation obtained by burning will persist with that users profile.&lt;br /&gt;
&lt;br /&gt;
To increase their reputation further a user can bond multiple times. The scores received are cumulative. &lt;br /&gt;
&lt;br /&gt;
Once the bond is unlocked the reputation score attributed to that bond is lost. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their account age from Bisq 1 into Bisq 2. &lt;br /&gt;
&lt;br /&gt;
Accounts ages from Bisq 1 could include any of the following account types:&lt;br /&gt;
&lt;br /&gt;
Any Fiat account can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's account age the more trustworthy the user will be assumed to be. &lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest account will be used (as it has the highest value). Multiple accounts do not get accumulated.&lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing an account age from Bisq 1 the lowest impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's account is they will receive a reputation score of 2.5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 750. Reputation obtained from importing their account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their account age alone, they would need to burn or bond BSQ to achieve this.&lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing an account age is 5,000. This can be achieved when importing accounts of 2,000 days old, or older. &lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Importing the Signed Account Age from Bisq 1 ===&lt;br /&gt;
&lt;br /&gt;
Users of Bisq 1 can gain reputation by importing their signed account age from Bisq 1 into Bisq 2.&lt;br /&gt;
&lt;br /&gt;
Any signed account from Bisq 1 can be used.&lt;br /&gt;
&lt;br /&gt;
The older the user's signed account age the more trustworthy the user will be assumed to be.&lt;br /&gt;
&lt;br /&gt;
In case of repeated registrations the oldest signed account will be used (as it has the highest value). Multiple accounts do not get accumulated. account will be used (as it has the highest value). Multiple accounts do not get accumulated. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;pre&amp;gt;&lt;br /&gt;
Importing a signed account age from Bisq 1  has a low impact on the reputation score.&lt;br /&gt;
&lt;br /&gt;
For every day old the user's singed account is they will receive a reputation score of 5. For example if a user imports a 300 day old account from Bisq 1 their reputation score will be increased by 1500. Reputation obtained from importing their signed account age will be cumulative with all other reputation scores the user obtains.&lt;br /&gt;
&lt;br /&gt;
A user cannot obtain the minimum reputation score required from importing their signed account age alone, they would need to burn or bond BSQ to achieve this. &lt;br /&gt;
&lt;br /&gt;
The maximum reputation score a user can achieve from importing a signed account is 10,000. This can be achieved when importing accounts of 2,000 days old, or older.&lt;br /&gt;
&amp;lt;/pre&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Reputation Simulation Tool ==&lt;br /&gt;
&lt;br /&gt;
For bitcoin sellers it can get a little complicated to work out what the best way is to increase their reputation. To help make the decision process easier Bisq 2 provides a simulation tool for sellers to see what different actions they can take to increase their reputation.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== What happens when a user profile ID is banned? ==&lt;br /&gt;
&lt;br /&gt;
When a user profile ID is banned they lose all reputation associated with that profile ID.&lt;br /&gt;
&lt;br /&gt;
The profile ID contains a pub key hash that is tied to a corresponding reputation score.&lt;br /&gt;
&lt;br /&gt;
Once a user profile ID is banned their corresponding reputation score will no longer be visible. &lt;br /&gt;
&lt;br /&gt;
Moderators will ensure that they only ban profile IDs that have severely, or repeatedly, violated Bisq trade protocols. Banned users might be impacted in Bisq 1 as well (e.g. their onion address will be banned, or a BSQ bond confiscation proposal is made, if applicable).&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=File:Reputation-ranking.png&amp;diff=3554</id>
		<title>File:Reputation-ranking.png</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=File:Reputation-ranking.png&amp;diff=3554"/>
		<updated>2024-04-08T21:08:37Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bisq converts a seller's reputation score into am easy to view star system. This makes it easy for buyers to see at a glance which are the most reputable sellers. The sellers with the highest reputation have 5 stars and the sellers with the lowest reputation will have 0 stars.&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Identity&amp;diff=3528</id>
		<title>Identity</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Identity&amp;diff=3528"/>
		<updated>2024-03-13T20:10:08Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: /* Deleting an Identity */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bisq 2 users are able to manage multiple identities for their trades.&lt;br /&gt;
&lt;br /&gt;
At Bisq 2 launch in March 2024, the identities&lt;br /&gt;
&lt;br /&gt;
== What are Identities in Bisq 2 ==&lt;br /&gt;
&lt;br /&gt;
Identities in Bisq 2 allow users to create multiple identifies that can be totally independent of each other. Each identity in Bisq 2 has it's own unique onion address (this allows for users to receive and broadcast information over the [https://www.torproject.org/ Tor hidden service network]). Each identity will have it's own:&lt;br /&gt;
&lt;br /&gt;
* Username (chosen by the user)&lt;br /&gt;
* Avatar (chosen by the user)&lt;br /&gt;
* Onion address (chosen by the software)&lt;br /&gt;
* Profile ID (chosen by the software)&lt;br /&gt;
&lt;br /&gt;
In [[Bisq 1]] to achieve multiple identities a user would have to have multiple Bisq instances. With Bisq 2 multiple identities can be created and used via just the one instance of Bisq 2. This allows for easy switching between profiles and having different types of trades, payment methods, protocols utilized by various profiles. This will give users greater control over their privacy&lt;br /&gt;
&lt;br /&gt;
== What Trade Protocols will use Identities ==&lt;br /&gt;
&lt;br /&gt;
Currently it will just be [[Bisq Easy]] as that is the only available protocol on Bisq 2.&lt;br /&gt;
&lt;br /&gt;
== Building reputation for your Identities ==&lt;br /&gt;
&lt;br /&gt;
Currently it will only be bitcoin sellers on Bisq Easy that will be interested in building up reputation specific to their identity/s. For more information see: [[reputation]]. &lt;br /&gt;
&lt;br /&gt;
== Benefits of Identities ==&lt;br /&gt;
&lt;br /&gt;
The benefits of being able to have multiple identities means that a user has greater control over their privacy. &lt;br /&gt;
&lt;br /&gt;
A user could have:&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for buying bitcoin&lt;br /&gt;
Profile 2: Used for selling bitcoin&lt;br /&gt;
&lt;br /&gt;
OR&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for buying bitcoin with a personal account&lt;br /&gt;
Profile 2: Used for buying bitcoin with a business account&lt;br /&gt;
Profile 3: Used for buying bitcoin with a spouses account&lt;br /&gt;
&lt;br /&gt;
OR&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for selling bitcoin for Euros &lt;br /&gt;
Profile 2: Used for selling bitcoin for British Pounds&lt;br /&gt;
Profile 3: Used for selling bitcoin for US Dollars&lt;br /&gt;
&lt;br /&gt;
OR&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for buying bitcoin on Bisq Easy&lt;br /&gt;
Profile 2: Used for atomic swap protocols&lt;br /&gt;
&lt;br /&gt;
Allowing the creation of different multiple identities gives users complete control over what information / data they want to assign to which profile. It is also easy to delete a profile and start a new one at any point.&lt;br /&gt;
&lt;br /&gt;
== Negatives of Identities ==&lt;br /&gt;
&lt;br /&gt;
[[Reputation]] built up overtime for bitcoin sellers on [[Bisq Easy]] is specific to a specific identity. This means that bitcoin sellers on Bisq Easy will become invested in building up their identities reputation. This is positive for the protocol as a reputation built over time is what gives the protocol it's security mechanism, however for seller's it means that establishing a new identity will have to be done from scratch.&lt;br /&gt;
&lt;br /&gt;
Although identities give the user a separate; username, avatar, onion address, an profile ID, it does not prevent a user from mistaken linking their identities by associating their fiat accounts with their separate identities. When creating a new identity the user should be aware of what fiat information they are happy to link to each identity.   &lt;br /&gt;
&lt;br /&gt;
== How many identities should you use ==&lt;br /&gt;
&lt;br /&gt;
It is entirely up to the user of Bisq 2 to decide how many profiles they will need. It is expected most users will just create the one profile. However the option is there for users that want to create more for privacy or other reasons.&lt;br /&gt;
&lt;br /&gt;
== Creating an Identity ==&lt;br /&gt;
&lt;br /&gt;
Bisq 2 will prompt you to create an identity when you first run the software. &lt;br /&gt;
&lt;br /&gt;
To create an additional identity click on 'User options' &amp;gt; 'User profile' &amp;gt; 'Create new profile'&lt;br /&gt;
&lt;br /&gt;
== Switching between Identities ==&lt;br /&gt;
&lt;br /&gt;
It is easy to switch between identifies by clicking on the profile avatar on the top right of Bisq 2 and selecting the profile (identity) desired. When sending messages be sure to check the correct profile is selected. &lt;br /&gt;
&lt;br /&gt;
== Deleting an Identity ==&lt;br /&gt;
&lt;br /&gt;
You can delete an identity by selecting the identity you want to delete and then clicking on 'User options' &amp;gt; 'User profile' &amp;gt; 'delete profile'&lt;br /&gt;
&lt;br /&gt;
You cannot delete an identity if you only have one identity.&lt;br /&gt;
&lt;br /&gt;
Be-aware that deleting an identity also deletes any associated reputation it has.&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Identity&amp;diff=3527</id>
		<title>Identity</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Identity&amp;diff=3527"/>
		<updated>2024-03-13T20:08:58Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bisq 2 users are able to manage multiple identities for their trades.&lt;br /&gt;
&lt;br /&gt;
At Bisq 2 launch in March 2024, the identities&lt;br /&gt;
&lt;br /&gt;
== What are Identities in Bisq 2 ==&lt;br /&gt;
&lt;br /&gt;
Identities in Bisq 2 allow users to create multiple identifies that can be totally independent of each other. Each identity in Bisq 2 has it's own unique onion address (this allows for users to receive and broadcast information over the [https://www.torproject.org/ Tor hidden service network]). Each identity will have it's own:&lt;br /&gt;
&lt;br /&gt;
* Username (chosen by the user)&lt;br /&gt;
* Avatar (chosen by the user)&lt;br /&gt;
* Onion address (chosen by the software)&lt;br /&gt;
* Profile ID (chosen by the software)&lt;br /&gt;
&lt;br /&gt;
In [[Bisq 1]] to achieve multiple identities a user would have to have multiple Bisq instances. With Bisq 2 multiple identities can be created and used via just the one instance of Bisq 2. This allows for easy switching between profiles and having different types of trades, payment methods, protocols utilized by various profiles. This will give users greater control over their privacy&lt;br /&gt;
&lt;br /&gt;
== What Trade Protocols will use Identities ==&lt;br /&gt;
&lt;br /&gt;
Currently it will just be [[Bisq Easy]] as that is the only available protocol on Bisq 2.&lt;br /&gt;
&lt;br /&gt;
== Building reputation for your Identities ==&lt;br /&gt;
&lt;br /&gt;
Currently it will only be bitcoin sellers on Bisq Easy that will be interested in building up reputation specific to their identity/s. For more information see: [[reputation]]. &lt;br /&gt;
&lt;br /&gt;
== Benefits of Identities ==&lt;br /&gt;
&lt;br /&gt;
The benefits of being able to have multiple identities means that a user has greater control over their privacy. &lt;br /&gt;
&lt;br /&gt;
A user could have:&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for buying bitcoin&lt;br /&gt;
Profile 2: Used for selling bitcoin&lt;br /&gt;
&lt;br /&gt;
OR&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for buying bitcoin with a personal account&lt;br /&gt;
Profile 2: Used for buying bitcoin with a business account&lt;br /&gt;
Profile 3: Used for buying bitcoin with a spouses account&lt;br /&gt;
&lt;br /&gt;
OR&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for selling bitcoin for Euros &lt;br /&gt;
Profile 2: Used for selling bitcoin for British Pounds&lt;br /&gt;
Profile 3: Used for selling bitcoin for US Dollars&lt;br /&gt;
&lt;br /&gt;
OR&lt;br /&gt;
&lt;br /&gt;
Profile 1: Used for buying bitcoin on Bisq Easy&lt;br /&gt;
Profile 2: Used for atomic swap protocols&lt;br /&gt;
&lt;br /&gt;
Allowing the creation of different multiple identities gives users complete control over what information / data they want to assign to which profile. It is also easy to delete a profile and start a new one at any point.&lt;br /&gt;
&lt;br /&gt;
== Negatives of Identities ==&lt;br /&gt;
&lt;br /&gt;
[[Reputation]] built up overtime for bitcoin sellers on [[Bisq Easy]] is specific to a specific identity. This means that bitcoin sellers on Bisq Easy will become invested in building up their identities reputation. This is positive for the protocol as a reputation built over time is what gives the protocol it's security mechanism, however for seller's it means that establishing a new identity will have to be done from scratch.&lt;br /&gt;
&lt;br /&gt;
Although identities give the user a separate; username, avatar, onion address, an profile ID, it does not prevent a user from mistaken linking their identities by associating their fiat accounts with their separate identities. When creating a new identity the user should be aware of what fiat information they are happy to link to each identity.   &lt;br /&gt;
&lt;br /&gt;
== How many identities should you use ==&lt;br /&gt;
&lt;br /&gt;
It is entirely up to the user of Bisq 2 to decide how many profiles they will need. It is expected most users will just create the one profile. However the option is there for users that want to create more for privacy or other reasons.&lt;br /&gt;
&lt;br /&gt;
== Creating an Identity ==&lt;br /&gt;
&lt;br /&gt;
Bisq 2 will prompt you to create an identity when you first run the software. &lt;br /&gt;
&lt;br /&gt;
To create an additional identity click on 'User options' &amp;gt; 'User profile' &amp;gt; 'Create new profile'&lt;br /&gt;
&lt;br /&gt;
== Switching between Identities ==&lt;br /&gt;
&lt;br /&gt;
It is easy to switch between identifies by clicking on the profile avatar on the top right of Bisq 2 and selecting the profile (identity) desired. When sending messages be sure to check the correct profile is selected. &lt;br /&gt;
&lt;br /&gt;
== Deleting an Identity ==&lt;br /&gt;
&lt;br /&gt;
You can delete an identity by selecting the identity you want to delete and then clicking on 'User options' &amp;gt; 'User profile' &amp;gt; 'delete profile'&lt;br /&gt;
&lt;br /&gt;
You cannot delete an identity if you only have one identity.&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Bisq_2&amp;diff=3526</id>
		<title>Bisq 2</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Bisq_2&amp;diff=3526"/>
		<updated>2024-03-13T19:18:39Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bisq 2 is the successor to the original Bisq ([[Bisq 1|Bisq v1]]). It has been developed from the ground up to allow for multiple trade protocols to be accessed via a single decentralized exchange platform. &lt;br /&gt;
&lt;br /&gt;
At the initial launch of Bisq 2 will support only one trading protocol '[[Bisq Easy]]'. Over time more trading protocols will be added.&lt;br /&gt;
&lt;br /&gt;
Once the Bisq Multisig protocol is implemented in Bisq 2, the old version of Bisq can fade out. [[Bisq 1]] will still find its usage as Bisq DAO management tool and for BSQ-BTC trading.&lt;br /&gt;
&lt;br /&gt;
Similar to Bisq v1, Bisq 2 will be a decentralized bitcoin exchange that allows anyone to buy and sell bitcoin in exchange for national currencies or other cryptocurrencies.&lt;br /&gt;
&lt;br /&gt;
* Bisq 2 is a desktop application that works across platforms.&lt;br /&gt;
* Bisq 2 allows users to choose between multiple trading protocols to find the best fit for their preference. Aspects like privacy and security, convenience, costs and trade duration will differ and the user can make the choice. &lt;br /&gt;
* Bisq 2 is a peer-to-peer network the enables users to find people to trade with, make and take offers to buy and sell bitcoin, communicate with their trading peers and when necessary access support.&lt;br /&gt;
* Bisq 2 is privacy focused, no verified accounts or KYC will be required and run over the Tor network (as well as I2P in future).&lt;br /&gt;
* Bisq 2 is self custodial. Your keys are always under your control.&lt;br /&gt;
* Bisq 2 is open source (AGPL) and built and maintained by contributors who form the Bisq DAO.&lt;br /&gt;
&lt;br /&gt;
== Why Bisq 2? ==&lt;br /&gt;
&lt;br /&gt;
Bisq v1 is a powerful tool for bitcoiners that want to be able to buy and sell bitcoin peer to peer whilst maintaining their privacy, not having to undergo arduous KYC processes, and keeping control of their bitcoin. &lt;br /&gt;
&lt;br /&gt;
Bisq v1 was launched on mainnet in April 2016 and whilst there has been constant improvements to the trade protocol and user interface over the years it was designed from the outset to support only one trade protocol. As bitcoin has developed and Bisq user base has grown there has been an obvious need for Bisq to expand it's offerings to offer more options to it's users for example trades over lightening and access via mobile devices. Bisq 2 is the first step to develop something that is built from the ground up to be more accessible to users and provide access to multiple trading protocols that can expend over time.  &lt;br /&gt;
&lt;br /&gt;
The core benefits of Bisq 2 are:&lt;br /&gt;
&lt;br /&gt;
=== Multiple Trade Protocols ===&lt;br /&gt;
&lt;br /&gt;
Bisq 2 will offer a variety of [[trade protocols]] for users. Each trade protocol will come with it's own benefits and tradeoffs. Having multiple protocols allows users to choose what trade protocols are best for them based on; convenience, security, miner costs, trade fees, privacy, available support etc. All trade protocols can be accessed independently and users can switch between protocols for different trades. &lt;br /&gt;
&lt;br /&gt;
The follow trade protocols are on the roadmap:&lt;br /&gt;
&lt;br /&gt;
* [[Bisq_Easy|Bisq Easy]]: Reputation based trading with no security deposit requirements (included in the intitial launch)&lt;br /&gt;
* Bisq Multisig: Similar to the current trade protocol used by Bisq 1 but with some improvements&lt;br /&gt;
&lt;br /&gt;
* Submarine Swaps: Atomic swap of LN BTC &amp;lt;-&amp;gt; mainnet BTC&lt;br /&gt;
&lt;br /&gt;
* Liquid Submarine Swaps: Atomic swap of LN BTC &amp;lt;-&amp;gt; Liquid BTC&lt;br /&gt;
&lt;br /&gt;
* Liquid Multisig: Bisq Multisig ported to Liquid network with faster confirmation, lower fees and better privacy (confidential transactions)&lt;br /&gt;
&lt;br /&gt;
* Bisq Lightning: LN BTC &amp;lt;-&amp;gt; Fiat (chain of multiple protocols: Liquid Submarine Swaps, Liquid Multisig)&lt;br /&gt;
* Liquid Swaps: Atomic swap of Liquid BTC &amp;lt;-&amp;gt; Liquid assets like L-USDT&lt;br /&gt;
&lt;br /&gt;
* BSQ Swaps: Atomic swap of BSQ &amp;lt;-&amp;gt; BTC&lt;br /&gt;
* Monero Swaps: Cross chain atomic swap of BTC &amp;lt;-&amp;gt; XMR&lt;br /&gt;
&lt;br /&gt;
Find out more about the [[Trade_Protocols|trade protocols]] Bisq 2 will use.&lt;br /&gt;
&lt;br /&gt;
=== Multiple privacy networks ===&lt;br /&gt;
Bisq 2 will support multiple privacy networks. Initially it will only support Tor but I2P support is already implemented but in an experimental state. Upcoming privacy networks like Nym could be added in future if they fit the requirements.&lt;br /&gt;
&lt;br /&gt;
Having multiple networks adds resilience in case one network has availability issues (as it happened multiple times with Tor when DoS attacks decreased the Tor network stability and with that Bisq's availability and stability).&lt;br /&gt;
&lt;br /&gt;
The P2P network has also a build in DoS protection using Proof of Work and come with many improvements compared the the Bisq 1 P2P network.&lt;br /&gt;
&lt;br /&gt;
===Multiple Identities ===&lt;br /&gt;
&lt;br /&gt;
Bisq 1 used a single onion address and key pair which represent the users identify. Bisq 2 will allow to create multiple identities, giving the user more control and better privacy. The user can choose between the highest level of convenience and use just one global identity for all interactions (like Bisq 1) or at the other extreme use a separate identity for any type of interaction (e.g. use a different identity for each trade as well as for each chat room). And anything in between (separating fiat and altcoin trades,...).&lt;br /&gt;
&lt;br /&gt;
Find out more about how Bisq 2 manages [[Identity|identities]].&lt;br /&gt;
&lt;br /&gt;
=== Multiple applications ===&lt;br /&gt;
&lt;br /&gt;
The reference implementation will be the Bisq 2 JavaFx desktop application.&lt;br /&gt;
&lt;br /&gt;
But there is also ongoing work on a HTML interface with a headless application to be used on personal Node projects like Start9, Umbrel, MyNode,...&lt;br /&gt;
&lt;br /&gt;
Beside that there will be a REST API (useful for trading bots,...).&lt;br /&gt;
&lt;br /&gt;
Bisq Easy can be implemented as a mobile app (at least for Android there are no conceptual or technical hurdles).&lt;br /&gt;
&lt;br /&gt;
=== Multiple wallets ===&lt;br /&gt;
&lt;br /&gt;
At launch time Bisq 2 will not include a wallet, but work is underway to support multiple wallet options.&lt;br /&gt;
&lt;br /&gt;
Bitcoin core as full wallet is already implemented (but not exposed in the UI). For users who do not want to run a full Bitcoin node, there will be a light wallet option. Currently Electrum is implemented but we might change to another solution.&lt;br /&gt;
&lt;br /&gt;
For the different trade protocols there will be the specific wallets requires. E.g. for Liquid the Elements wallet is already integrated. For Monero Swaps we need to provide an interface for using the Monero wallet. Find out more about the [[Bisq_2_Wallet|Bisq 2 wallet]].&lt;br /&gt;
&lt;br /&gt;
=== Bonded Roles ===&lt;br /&gt;
&lt;br /&gt;
The contributors providing the resources and infrastructure for Bisq 2 will require their roles to be bonded. This concept was also used in Bisq 1 but as it was not strictly enforced by the system, not all roles are secured by bonds as it was envisioned. In Bisq 2 having set up a BSQ bond is mandatory for most roles and node operators and enforced by the system.&lt;br /&gt;
&lt;br /&gt;
Find out more about the [[Bisq_2_Roles|Bisq 2 roles]].&lt;br /&gt;
&lt;br /&gt;
== Bisq 1 vs Bisq 2 ==&lt;br /&gt;
&lt;br /&gt;
When Bisq 2 is launched it will initially only use the one trade protocol '[[Bisq Easy]]' therefore the differences are based on a 2-of-2 multisig protocol (Bisq 1) vs a reputation based trade protocol (Bisq Easy).&lt;br /&gt;
&lt;br /&gt;
== Bisq Easy ==&lt;br /&gt;
&lt;br /&gt;
Bisq Easy was designed for new Bitcoin users who have not yet purchased Bitcoin and thererfor cannot use Bisq 1 due the requirements of the security deposit. A lot of effort was put into making it as simple to use as possible.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy tries to replicate the experience of a novice Bitcoiner visiting a Bitcoin meetup and getting a gentle and friendly introduction into the Bitcoin world as well has the opportunity to purchase their first Bitcoin from a helpful peer. This is inspired by the famous Satoshi Squares (early days informal Bitcoin meetups), which was also the initial name inspiration for Bitsquare - the previous brand name of Bisq.&lt;br /&gt;
&lt;br /&gt;
The seller is expected to be an experienced Bitcoin and Bisq user and to have built up reputation. The seller should be helpful and serve as guide through the newbies first Bitcoin trade.&lt;br /&gt;
&lt;br /&gt;
Bisq Easy tries to be a much more social experience as it is the case on Bisq 2. It also provides a &amp;quot;learn&amp;quot; section where newbies can learn about important topics like wallets, privacy and security. The various sections for chat rooms should also boost the social and communicative aspect of Bisq Easy.&lt;br /&gt;
&lt;br /&gt;
=== Main differences for BTC buyers === &lt;br /&gt;
&lt;br /&gt;
Initially when Bisq 2 is launched the difference between versions will be that Bisq 2 will allow for users to buy bitcoin with no security deposit, no trade fees and no miner fees. Whereas, Bisq 1 will allow users to buy bitcoin with a security deposit and incur trade fees and miner costs.&lt;br /&gt;
&lt;br /&gt;
The tradeoff for Bisq 2 is that the security of the trade will be based on seller reputation as opposed to Bisq 1 where the security of the trade is based on bitcoin collateral secured in the multisig. &lt;br /&gt;
&lt;br /&gt;
Therefore, Bisq 2 will be cheaper and more convenient to trade for bitcoin buyers but at the cost of less robust security than Bisq 1. This is opposed to Bisq 1 that will be more secure but also more expensive, in terms of trade and miner fees, and less convenient for bitcoin buyers. &lt;br /&gt;
&lt;br /&gt;
Bisq 2 will initially be more suitable for users wanting to complete trades for small amounts of bitcoin, whereas, Bisq 1 will continue to be suitable for users wanting to complete trades for larger amounts of bitcoin.&lt;br /&gt;
&lt;br /&gt;
=== Main differences for BTC sellers === &lt;br /&gt;
&lt;br /&gt;
Initially when Bisq 2 is launched the difference between versions will be that Bisq 2 will allow for users sell bitcoin with no security deposit, no trade fees and no security deposit. Whereas, Bisq 1 will allow users to sell bitcoin with a security deposit and incur trade fees and miner costs.&lt;br /&gt;
&lt;br /&gt;
Sellers on Bisq 2 will be expected to build their [[reputation]]. This can be done in multiple ways but to achieve a high reputation they will need to either burn BSQ and / or create a BSQ bond that locks in a specific amount of BSQ for a specified length of time. &lt;br /&gt;
&lt;br /&gt;
The first iteration of Bisq 2 will have more buyers than sellers. That means a small number of sellers will be servicing the buyers. Bitcoin sellers on Bisq 2 will be required to make a judgement on how best to achieve their reputation and what the cost of doing so will involve. Bitcoin seller's using Bisq 2 will also need to account for the fact that bitcoin buyers are not putting down a security deposit for their trades so there will likely be a higher trade abandonment than in Bisq 1.&lt;br /&gt;
&lt;br /&gt;
It is expected that some bitcoin sellers currently active on Bisq 1 may choose to experiment with Bisq 2, and the number of buyer and sellers on Bisq 2 will grow over time.&lt;br /&gt;
&lt;br /&gt;
As in Bisq 1 seller's will be able to choose the price above or below market they wish to sell their bitcoin for.&lt;br /&gt;
&lt;br /&gt;
Due the requirements on bonds and the potential higher effort on communication with a newbie Bitcoiner, the price premium can be expected to be much higher than in Bisq 1 (maybe 10-15% above market). The Seller is the one who sets the price.&lt;br /&gt;
&lt;br /&gt;
== How Bisq 2 keeps data private ==&lt;br /&gt;
&lt;br /&gt;
Bisq 2 achieves date privacy for users in the same way as Bisq 1:&lt;br /&gt;
&lt;br /&gt;
* Using Bisq requires no registration or centralized identity verification&lt;br /&gt;
* Every Bisq application connects to the Bisq network with a Tor hidden service (as well as I2P in future)&lt;br /&gt;
* Bisq has no central servers or databases to record data&lt;br /&gt;
* Data is encrypted such that trade details are readable only by counter-parties&lt;br /&gt;
&lt;br /&gt;
== How Bisq 2 resists censorship ==&lt;br /&gt;
&lt;br /&gt;
Bisq 2 achieves censorship resistance in the same way as Bisq 1:&lt;br /&gt;
&lt;br /&gt;
* Bisq’s network is a fully distributed P2P network, and thus difficult to shut down&lt;br /&gt;
* Bisq’s network is built on top of Tor (I2P), and thus inherits Tor’s own censorship resistance&lt;br /&gt;
* Bisq is an open source projet and a DAO, not a company; it is not incorporated, and thus cannot be dis-incorporated&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Main_Page&amp;diff=3525</id>
		<title>Main Page</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Main_Page&amp;diff=3525"/>
		<updated>2024-03-13T19:15:10Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bisq is a decentralized bitcoin exchange network.&lt;br /&gt;
&lt;br /&gt;
Bisq provides a peer to peer bitcoin exchange experience via software that runs locally on the users computer. There are two software versions users can choose to run: &lt;br /&gt;
&lt;br /&gt;
== Bisq 1 ==&lt;br /&gt;
Bisq 1 is a long established peer to peer exchange that started in 2016 (originally named Bit Square). Over the years the exchange has continually improved to provide traders with a decentralized, peer to peer, platform to buy and sell bitcoin for fiat and a range of altcoins. Individual trade sizes on Bisq 1 can be as large as 0.25 BTC for fiat trades and 2.0 BTC for altcoins. Security for the trades is provided by way of a multisig deposit that means trades can safely trade with strangers. &lt;br /&gt;
&lt;br /&gt;
&amp;lt;big&amp;gt;[[Bisq 1|Find out more about Bisq 1]].&amp;lt;/big&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Bisq 2 ==&lt;br /&gt;
&lt;br /&gt;
Bisq 2 was launched in 2024. Bisq 2 will have a range of trade protocols. The fist one launched, and currently the only one available, is Bisq Easy. This allows traders with a decentralized, peer to peer, platform to buy and sell bitcoin for fiat. Individual trade sizes on Bisq Easy are limited to  as 0.01 BTC. Security for the trades is provided through the reputation of the BTC sellers. There are no trade fees on Bisq Easy, and no deposit requirements. Bisq Easy is expected to replace Bisq 1 for fiat trades of 0.01 BTC and under.  &lt;br /&gt;
&lt;br /&gt;
&amp;lt;big&amp;gt;[[Bisq 2|Find out more about Bisq 2]].&amp;lt;/big&amp;gt;&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
	<entry>
		<id>https://bisq.wiki/index.php?title=Bisq_1&amp;diff=3524</id>
		<title>Bisq 1</title>
		<link rel="alternate" type="text/html" href="https://bisq.wiki/index.php?title=Bisq_1&amp;diff=3524"/>
		<updated>2024-03-13T18:56:20Z</updated>

		<summary type="html">&lt;p&gt;Darawhelan: Created page with &amp;quot;&amp;lt;!--        left panels        --&amp;gt; {| id=&amp;quot;mp-upper&amp;quot; style=&amp;quot;width: 100%; margin:6px 0 0 0; background:none; border-spacing: 0px;&amp;quot; | class=&amp;quot;MainPageBG&amp;quot; style=&amp;quot;width:55%; border:...&amp;quot;&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&amp;lt;!--        left panels        --&amp;gt;&lt;br /&gt;
{| id=&amp;quot;mp-upper&amp;quot; style=&amp;quot;width: 100%; margin:6px 0 0 0; background:none; border-spacing: 0px;&amp;quot;&lt;br /&gt;
| class=&amp;quot;MainPageBG&amp;quot; style=&amp;quot;width:55%; border:1px solid #fff; background:#fff; vertical-align:top; color:#000;&amp;quot; |&lt;br /&gt;
{| id=&amp;quot;mp-left&amp;quot; style=&amp;quot;vertical-align:top; background:#fff;&amp;quot;&lt;br /&gt;
! style=&amp;quot;padding:2px;&amp;quot; | &amp;lt;h2 id=&amp;quot;mp-tfa-h2&amp;quot; style=&amp;quot;margin:3px; background:#f7f7f7; font-size:120%; font-weight:bold; border:1px solid #fff; text-align:left; color:#000; padding:0.2em 0.4em;&amp;quot;&amp;gt;Bisq&amp;lt;/h2&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
| style=&amp;quot;color:#000;&amp;quot; | &amp;lt;div id=&amp;quot;mp-tfa&amp;quot; style=&amp;quot;padding:10px 5px&amp;quot;&amp;gt;{{MainPage_Intro}}&amp;lt;/div&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
! style=&amp;quot;padding:2px&amp;quot; | &amp;lt;h2 id=&amp;quot;mp-dyk-h2&amp;quot; style=&amp;quot;margin:3px; background:#f7f7f7; font-size:120%; font-weight:bold; border:1px solid #fff; text-align:left; color:#000; padding:0.2em 0.4em;&amp;quot;&amp;gt;Why?&amp;lt;/h2&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
| style=&amp;quot;color:#000;padding:2px 5px 5px&amp;quot; | &amp;lt;div id=&amp;quot;mp-dyk&amp;quot; style=&amp;quot;padding:10px 5px&amp;quot;&amp;gt;{{MainPage_Reasons}}&amp;lt;/div&amp;gt;&lt;br /&gt;
|}&lt;br /&gt;
| style=&amp;quot;border:1px solid transparent;&amp;quot; |&lt;br /&gt;
&lt;br /&gt;
&amp;lt;!--        right panels       --&amp;gt;&lt;br /&gt;
&lt;br /&gt;
| class=&amp;quot;MainPageBG&amp;quot; style=&amp;quot;width:45%; border:1px solid #fff; background:#fff; vertical-align:top;&amp;quot;|&lt;br /&gt;
{| id=&amp;quot;mp-right&amp;quot; style=&amp;quot;width:100%; vertical-align:top; background:#fff;&amp;quot;&lt;br /&gt;
! style=&amp;quot;padding:2px&amp;quot; | &amp;lt;h2 id=&amp;quot;mp-otd-h2&amp;quot; style=&amp;quot;margin:3px; background:rgba(37, 177, 53, 0.15); font-size:120%; font-weight:bold; border:1px solid #fff; text-align:left; color:#000; padding:0.2em 0.4em;&amp;quot;&amp;gt;Using Bisq&amp;lt;/h2&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
| style=&amp;quot;color:#000;padding:2px 5px 5px&amp;quot; | &amp;lt;div id=&amp;quot;mp-otd&amp;quot;&amp;gt;&lt;br /&gt;
{|cellpadding=&amp;quot;2&amp;quot; style=&amp;quot;background-color: inherit;&amp;quot;&lt;br /&gt;
|-&lt;br /&gt;
* '''[[Introduction]]''' — what Bisq is and why&lt;br /&gt;
* '''[https://bisq.network/getting-started Getting started]''' — complete your first trade in minutes&lt;br /&gt;
* '''[[Downloading and installing]]''' — or [https://github.com/bisq-network/bisq/blob/master/docs/build.md build it yourself]&lt;br /&gt;
* '''Backing up critical data''' — [[Backing_up_your_wallet_seed|seed words]] and [[Backing_up_application_data|data directory]]&lt;br /&gt;
* '''[https://www.youtube.com/watch?v=HDkzUl9wibc Take a tour]''' — get acquainted with the interface&lt;br /&gt;
* '''[[Payment methods]]''' — supported payment methods and limitations&lt;br /&gt;
* '''[[Trading fees]]''' — competitive rates for unparalleled privacy&lt;br /&gt;
* '''[https://bisq.markets Markets]''' — current offers and recent trades&lt;br /&gt;
* '''[[Dispute resolution]]''' — what happens when a trade doesn't go smoothly&lt;br /&gt;
* '''[[Support]]''' — where to go when you need support&lt;br /&gt;
* '''[[Installing your own Bitcoin node]]''' — take the next step in Bitcoin self sovereignty&lt;br /&gt;
* '''[[Troubleshooting]]''' — solutions to known issues&lt;br /&gt;
* '''Tips and Tricks''' — how to get the most out of Bisq ([[Performance_Tips|performance]] + [[Privacy_Tips|privacy]])&lt;br /&gt;
&amp;lt;!-- * '''[[Decentralized autonomous organization]]''' — how Bisq is governed and funded --&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/div&amp;gt;&lt;br /&gt;
|}&lt;br /&gt;
|-&lt;br /&gt;
! style=&amp;quot;padding:2px&amp;quot; | &amp;lt;h2 id=&amp;quot;mp-otd-h2&amp;quot; style=&amp;quot;margin:3px; background:rgba(37, 177, 53, 0.15); font-size:120%; font-weight:bold; border:1px solid #fff; text-align:left; color:#000; padding:0.2em 0.4em;&amp;quot;&amp;gt;Contributing&amp;lt;/h2&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
| style=&amp;quot;color:#000;padding:2px 5px 5px&amp;quot; | &amp;lt;div id=&amp;quot;mp-otd&amp;quot;&amp;gt;&lt;br /&gt;
{|cellpadding=&amp;quot;2&amp;quot; style=&amp;quot;background-color: inherit;&amp;quot;&lt;br /&gt;
|-&lt;br /&gt;
* '''[[Contributor_checklist|Contributor checklist]]''' — see how we think, work, and collaborate&lt;br /&gt;
* '''[https://github.com/bisq-network GitHub]''' — all the code&lt;br /&gt;
* '''[https://github.com/orgs/bisq-network/projects/3 Current projects]''' — see what we're up to right now&lt;br /&gt;
&amp;lt;/div&amp;gt;&lt;br /&gt;
|}&lt;br /&gt;
|-&lt;br /&gt;
! style=&amp;quot;padding:2px&amp;quot; | &amp;lt;h2 id=&amp;quot;mp-otd-h2&amp;quot; style=&amp;quot;margin:3px; background:rgba(37, 177, 53, 0.15); font-size:120%; font-weight:bold; border:1px solid #fff; text-align:left; color:#000; padding:0.2em 0.4em;&amp;quot;&amp;gt;Network activity and stats&amp;lt;/h2&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
| style=&amp;quot;color:#000;padding:2px 5px 5px&amp;quot; | &amp;lt;div id=&amp;quot;mp-otd&amp;quot;&amp;gt;&lt;br /&gt;
{|cellpadding=&amp;quot;2&amp;quot; style=&amp;quot;background-color: inherit;&amp;quot;&lt;br /&gt;
|-&lt;br /&gt;
* '''[https://bisq.network/stats Overview]''' — trading volume, BSQ issuance, other activity&lt;br /&gt;
* '''[https://docs.google.com/spreadsheets/d/1o-I5fAx7DJRVqYjW8fPbo0ztlGIhIZ1EM2iLc5aEHnA Trading activity]''' — all the numbers, in detail&lt;br /&gt;
* '''[https://monitor.bisq.network Network monitor]''' — P2P network activity, Tor metrics, other data&lt;br /&gt;
* '''[https://bisq.network/release-stats Release stats]''' — download numbers by release&lt;br /&gt;
&amp;lt;/div&amp;gt;&lt;br /&gt;
|}&lt;br /&gt;
|-&lt;br /&gt;
! style=&amp;quot;padding:2px&amp;quot; | &amp;lt;h2 id=&amp;quot;mp-otd-h2&amp;quot; style=&amp;quot;margin:3px; background:rgba(37, 177, 53, 0.15); font-size:120%; font-weight:bold; border:1px solid #fff; text-align:left; color:#000; padding:0.2em 0.4em;&amp;quot;&amp;gt;Community&amp;lt;/h2&amp;gt;&lt;br /&gt;
|-&lt;br /&gt;
| style=&amp;quot;color:#000;padding:2px 5px 5px&amp;quot; | &amp;lt;div id=&amp;quot;mp-otd&amp;quot;&amp;gt;&lt;br /&gt;
{|cellpadding=&amp;quot;2&amp;quot; style=&amp;quot;background-color: inherit;&amp;quot;&lt;br /&gt;
|-&lt;br /&gt;
* '''[https://bisq.chat Matrix]''' — where everyone hangs out and collaborates&lt;br /&gt;
* '''[https://twitter.com/bisq_network/ Twitter]''' — user-facing announcements and news&lt;br /&gt;
* '''[https://bisq.network/blog Blog]''' — longer-form updates and perspectives&lt;br /&gt;
* '''[https://youtube.com/c/bisq-network YouTube]''' — calls, how-tos, interviews, and more&lt;br /&gt;
* '''[https://bisq.community Forum]''' — ask questions, post opinions&lt;br /&gt;
* '''[https://reddit.com/r/bisq Reddit]''' — mingle with other redditors who use Bisq&lt;br /&gt;
&amp;lt;/div&amp;gt;&lt;br /&gt;
|}&lt;br /&gt;
|}&lt;br /&gt;
&lt;br /&gt;
&amp;lt;/noinclude&amp;gt;__NOTOC____NOEDITSECTION__&lt;/div&gt;</summary>
		<author><name>Darawhelan</name></author>
		
	</entry>
</feed>