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Add dao faqs #152

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47 changes: 47 additions & 0 deletions faq.html
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Expand Up @@ -239,6 +239,53 @@ <h6 class="accordion-toggle border-top pt-3 pb-2 green" id="Wouldnt_a_pure_reput
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<h4 class="pt-5 mt-5 pb-3">The Bisq DAO</h4>
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<h6 class="accordion-toggle border-top pt-3 pb-2 green" id="about-dao">What is the Bisq DAO?</h6>
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<p>The Bisq DAO (decentralized autonomous organization) is a decentralized governance mechanism for the Bisq software. It takes the place of a company. How good can decentralized software possibly be if it's still controlled by a single entity, like a company?</p>
<p>Decentralized software is no good without decentralized governance.</p>
<p>That's why Bisq is not a company or legal entity of any kind—instead, it's organized as a DAO. The DAO handles the software's funding and strategy-making to enable the Bisq network to thrive, and at the same time, harden it against attacks on the infrastructure that powers its leadership and operation.</p>
<p>In a nutshell, the Bisq DAO enables Bisq to become even more censorship-resistant, a <a href='https://docs.bisq.network/intro.html' target='_blank'>core principle of the project</a> from the very beginning.</p>
<p>Read more about the Bisq DAO in <a href='https://docs.bisq.network/user-dao-intro.html' target='_blank'>this introductory doc</a>.</p>
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<h6 class="accordion-toggle border-top pt-3 pb-2 green" id="how-dao-works">How does the Bisq DAO work?</h6>
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<p>The primary purposes of the Bisq DAO are financing the project and determining strategy.</p>
<ul>
<li>Trading fees are distributed directly from traders to contributors with a token (colored bitcoin) called BSQ.</li>
<li>Strategy is determined collectively through voting done in the Bisq software and recorded on the Bitcoin network.</li>
</ul>
<p>Learn more about how this actually works in <a href='https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e' target='_blank'>this series of short 3-5 minute videos</a>.</p>
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<h6 class="accordion-toggle border-top pt-3 pb-2 green" id="dao-for-traders">What do I need to know about the DAO, as a trader?</h6>
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<p>Since the Bisq DAO is a governance mechanism, it doesn't affect the day-to-day usage of the software very much.</p>
<p>One thing you should be aware of is what the BSQ token actually does. Practically speaking, you'll pay lower trading fees by using BSQ instead of BTC.</p>
<p>But why have the BSQ token at all? Because it enables Bisq contributors to be paid for their work without any central wallets or points of control. When you buy BSQ, you're directly paying a Bisq contributor for their work, and in the process, helping to sustain the whole project. The dynamic this token enables is <a href='https://bisq.network/blog/bisq-dao-for-bitcoin-maximalists/'>not possible with plain bitcoin</a>.</p>
<p>When you use BSQ to pay trading fees, it's destroyed and 'burned' out of existence.</p>
<p>See more about how this process works in <a href='https://docs.bisq.network/user-dao-intro.html' target='_blank'>this doc</a> or in <a href='https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e' target='_blank'>this video series</a>.</p>
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<h6 class="accordion-toggle border-top pt-3 pb-2 green" id="without-bsq">Can I use Bisq without BSQ and without this DAO?</h6>
<div class="accordion-content pb-5 col-sm-12 col-md-8 ml-0 pl-sm-0 pl-md-0 px-0">
<p>You could. All you'd have to do is pay your trading fees with BTC instead of BSQ. But we hope you don't, because doing so would render the project unsustainable.</p>
<p>Before the Bisq DAO, trading fees went to just a couple of wallets owned by specific Bisq contributors. All other contributors were not paid. Bisq needs its contributors to be paid in regular, predictable ways to ensure continual (and reliable) development, service, and growth; the Bisq DAO enables this to happen by distributing trading fees to all contributors in a totally decentralized way.</p>
<p>The Bisq DAO and BSQ token enable a funding and governance mechanism that is <a href='https://bisq.network/blog/bisq-dao-for-bitcoin-maximalists/'>not possible with plain bitcoin</a>. We highly recommend you check <a href='https://docs.bisq.network/dao.html' target='_blank'>our documentation</a> and <a href='https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e' target='_blank'>video series</a> to learn more.</p>
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<h6 class="accordion-toggle border-top pt-3 pb-2 green" id="why-dao">Is Bisq doing a token because it needs money? What's the issuance schedule for the token?</h6>
<div class="accordion-content pb-5 col-sm-12 col-md-8 ml-0 pl-sm-0 pl-md-0 px-0">
<p>Bisq already earns revenue from trading fees. It's not launching this DAO and BSQ token for <span class='font-italic'>earning</span> revenue—it's doing it to <span class='font-italic'>distribute</span> the revenue it already earns to more people without any central points of control.</p>
<p>BSQ tokens are issued every time a contributor's compensation request is approved through voting, and the tokens are destroyed every time a trader uses BSQ to pay trading fees.</p>
<p>BSQ issuance is not a 1-time event, and its purpose is not to raise capital. You can see a walk-through of the BSQ issuance process in <a href='https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e' target='_blank'>this video series</a>.</p>
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<h4 class="pt-5 mt-5 pb-3">Miscellaneous</h4>
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