I’m struggling to trust the Cash-By-Mail sellers on Bisq.
What if they don’t send me the corn?
The safety deposit is often times just a few percentage points compared to the offer amount.
Isn’t it an easy trade-off to ‘give up’ a few hundred thousands sats for, say, $550 in cash?
Struggling to see how this is beneficial, or safe, for the buyer.
Seller just running away with your BTC can't happen, as trade amount is locked in a multisig account. https://bisq.wiki/Security_deposit
The worst part of cash by mail, like any other no-middlemen payment method, is that proving a payment is quite difficult, but even if buyer and seller plays rough, a mutual assured destruction scheme (both buyer and seller lose something) can be applied, so scam rate is non existent on this payment method (maybe also because scammers need higher volume).
https://bisq.wiki/Cash_by_mail
So, if you have sellers around, I would go ahead. What stops me from using cash by mail is providing an address as a BTC seller.
