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this post was submitted on 24 Nov 2024
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Haveno
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Why actually Haveno supports trading of a reversible payment methods if anyone can chargeback after the trade is complete and there is no way to know if user scammed this or other way before?
Because people asked for them and market makers can manage the risk themselves. If you charge 25% extra, you make profit as long as you get scammed less than every 4th trade.
By managing the risk, you mean charging 25% extra (making the trade 25% more expensive for a taker), nothing else, no other way to manage the risk (i am not sure if i understand the meaning of "managing risk" as a user who never used the Haveno)? Thank you
Correct. 25% was an example and usually it will be way lower than that. Makers will sell at higher prices for payment methods that are more risky and lower prices for less risky options. It's a rather simple example of the free market regulating itself.
Not everyone is a scammer.