new Bisq 2 (P2P BTC Exchange System) is out!

[cygan]

after a very long development phase, the first beta version (2.0.1) of Bisq 2 was released yesterday
Bisq 2 is the successor to the original Bisq (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.

a 10 minute video about the new beta version can be found here: https://bisq.network/blog/bisq-2-now-in-beta/
the official github link can be found here: https://github.com/bisq-network/bisq2/releases/tag/v2.0.1
and the download can be done under the following link: https://bisq.network/downloads/#bisq2

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[BlackHatCoiner]

The big upgrade is Bisq Easy, for the time being. The next upgrades will be a new optimized Bisq multi-sig protocol, submarine swaps (BTC<->LN), LN to fiat, liquid to fiat, and finally my favorite, BTC/XMR atomic swaps! Unfortunately, the atomic swaps appear to be on a low priority in development (their release is scheduled in Q3/2025).

I installed the client. I like that it is more lightweight than before. What's also better in v2, is that it contains an internal discussion forum, plus some educational content in "Learn". That minimizes the activity outside the client (i.e., in forums etc).

[Yamane_Keto]

Bisq2 came with the concept of reputation, which means that there is an emphasis on having fewer sellers compared to buyers, and sellers will try to build their trust profile over time, that also means that the price premium will be much higher, which is something that I did not like.

Atomic swap and submarine Swaps are the things I would like to try the most, especially since a wallet like Electrum has started implementing the idea. Therefore, I expect greater growth for the Lightning Network in the coming years, especially solutions like LBTC-LUSDT.

[m2017]

The big upgrade is Bisq Easy, for the time being. The next upgrades will be a new optimized Bisq multi-sig protocol, submarine swaps (BTC<->LN), LN to fiat, liquid to fiat, and finally my favorite, BTC/XMR atomic swaps! Unfortunately, the atomic swaps appear to be on a low priority in development (their release is scheduled in Q3/2025).

This will actually equate Bisq exchanger to a mixer and allow transactions to disappear in an unknown direction. No matter how the service gets into trouble with government agencies.

I installed the client. I like that it is more lightweight than before. What's also better in v2, is that it contains an internal discussion forum, plus some educational content in "Learn". That minimizes the activity outside the client (i.e., in forums etc).

This is something I don’t really approve of, when an application becomes overgrown with many different functions, turning the client into a bulky and clumsy combine (multi tool).

[BlackHatCoiner]

This will actually equate Bisq exchanger to a mixer and allow transactions to disappear in an unknown direction. No matter how the service gets into trouble with government agencies.

Bisq was already considered a mixer. It allows you to trade BTC for XMR in a non-custodial, decentralized fashion. And there is no entity the governments can address to. That's why I believe this is far more beyond their control than traditional mixers they can take down.

This is something I don’t really approve of, when an application becomes overgrown with many different functions, turning the client into a bulky and clumsy combine (multi tool).

Hmm, I can partly agree. However, it needs to be said that it would be better to do all your Bisq activity via Tor, and not resort on Internet boards, for maximum privacy. It is basically their goal to make it as much easy for the public as possible.

[enthusiasticfellow]

IMO "mixer" is wrong term to use for bisq which is just a platform for p2p trading. A mixer by definition requires some kind of centralization, where as with bisq it is just regular trades from one person to other. Even if btc/xmr atomic swaps got implemented, assuming that it stays entirely p2p, I think it is very hard to make the legal argument against it without actually outlawing XMR altogether.

Bisq is a great project and I am looking forward to bisq2 getting developed further. The easy protocol in bisq2 seems good for people with no existing btc but for a seller the lower cost barrier of entry seems less favorable especially for payment platforms with high chargeback risk.
I havent followed bisq2 that closely, I just hope they are planning for protocols similar to bisq1 as well.

Having a discussion section in the program sounds actually really good and I see great potential in regular users being able to discuss various trading related things and to keep up with the development.

[NotATether]

Bisq is not a mixer. A mixer takes currency and returns obfuscated currency but it's the same currency.

The correct term would be "private exchange".

Anyway, it seems that the beta version has serious stability problems. I cannot even get past the initialization phase:

Code:

An error occurred at initializing Bisq: java.lang.IllegalStateException: Couldn't wait for log file creation..

And since it couldn't create the log file, there is no log to get messages from.

[ABCbits]

a 10 minute video about the new beta version can be found here: https://bisq.network/blog/bisq-2-now-in-beta/

Here's wiki page for those who prefer reading, https://bisq.wiki/Bisq_2. Although there are some information only stated on either wiki or video. There are many interesting point, although no longer require to run full node could boost Bisq usage.

[BlackHatCoiner]

A mixer by definition requires some kind of centralization

I consider coinjoin and payjoin "mixing", therefore there are decentralized mixers like Joinmarket. We could argue the strict definition, but to me, the fact that there is no central point of failure in coinjoin makes it decentralized enough.

Bisq is not a mixer. A mixer takes currency and returns obfuscated currency but it's the same currency.

A mixer is an entity / entities which allow the obfuscation of coins. If you send BTC for XMR, and then XMR for BTC that should be considered mixing.