my biggest problem with haveno and bisq is starting from nothing
my biggest problem with haveno and bisq is starting from nothing
I am looking at haveno-reto and it has the exact same problem I had with bisq. in order to buy monero on haveno, you have to already have some monero, so you can do a security deposit. so haveno helps to reduce the number of times you have to interact with a CEX or KYC yourself, but it doesn't completely eliminate it. you may still have to do it at least once, like buying some litecoin on a CEX and changing it to some monero. I'd rather start clean with no KYC and it's very important to me.
what I am still trying to wrap my head around is, on localmonero and even localbitcoins it was possible for a person to buy coins without already having any. there were always some sellers who would let you send maybe a couple hundred bux even if you had no account history or anything, and there was never a deposit or collateral. they would still send you coins in return as long as they got the cash.
someone told me that bisq and haveno can't have this because then people will just initiate orders they have no desire to fulfill, as a form of spam attack that locks the seller's coins for a time, and that this is insurmountable without making the security deposit mandatory. but if localbitcoins and localmonero ran fine for years without this being a breaking problem, why isn't it possible on bisq and haveno? and why can't there be some other way to prevent spam like forcing the user to submit shares to a mining pool to prove that they are earnest? proof of work was invented to prevent spam.
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I installed Haveno-reto but haven't used it yet. Is it not possible to contact the seller directly (without deposit)?
If so, then why not just contact the seller directly and handle it out of Haveno? Other than listing an order book, Haveno wouldn't be providing any value in mediating the order since only one side is actually using Haveno.
On haveno you have a multisig that makes sure you actually receive your Monero after paying instead of just getting scammed.
I think you miss what the poster and I are trying to say. On LocalMonero and on Bisq2, you could purchase without deposit based solely on the reputation of the person. That is all the person was asking. I commented that if Haveno had a field in the seller information for private contact (e.g. simplex, signal, etc) the trade could be done outside of Haveno since other than listing the sellers and contact information, Haveno would provide no guarantees. That's an acceptable risk for many people to start off - you just don't risk too much on first contact. Unfortunately I've checked and , Haveno doesn't provide this feature yet...IMO, it will as it incorporates Bisq2 features or at least adds a contact field in the seller information.
a reputation-based trade should still happen inside the DEX. that way the trade can contribute to the seller's reputation score. bypassing it with a simplex contact would not let the DEX see that a trade actually happened.
Decentralized reputation is not a thing. Every single approach can easily be gamed by scammers. Bisq2 requires people to buy thousands of $bsq for reputation.