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robosats/docs/_pages/docs/03-understand/01-trade-pipeline.md
okada-blue ed062416db Edit Multiple docs (#712) 
* Update 01-development.md

Update Communication Channels channels to reflect removal of Twitter and Telegram, and emphasize SimpleX, Nostr, and Matrix chats

* Update 02-languages.md

Update Telegram verbiage to reference SimpleX instead.

* Update 04-guides.md

Update Telegram verbiage to reference SimpleX instead.

* Update 05-art.md

Update Telegram verbiage to reference SimpleX instead.

* Update 06-outreach.md

Update Twitter verbiage and reference Nostr instead

* Update 00-quicks-start-guide.md

Update verbiage slightly. Add more info and links.

* Update 01-lightning.md

Add rough draft to provide overview of Lightning Network and its relation to RoboSats

* Update 02-tor.md

Provide rough draft of introduction to TOR.

* Update 03-access.md

Add access method via Android app APK. Adjust slight typos and some wording for clarity.

* Update 01-trade-pipeline.md

Add TOC, swap steps and pictures placement, adjust small typos and wording.

Picture was swapped with the steps because I think the picture can be slightly overwhelming versus a simple list of steps. The pictures are great but they are a lot to throw at someone right when they open the very first doc under "Understand" to learn about RoboSats.

* Update 02-robots.md

Clean up hyperlinks, adjust grammar slightly.

* Update 03-premium.md

Update verbiage, adjust grammar slightly.

* Update 03-premium.md

Add paragraphs on advice for choosing a premium

* Update 04-bonds.md

Various changes to verbiage and adding/updating information. Grammar fixes, remove reference to Telegram.

* Update 05-trade-escrow.md

Clean up hyperlinks, adjust some wording

* Update 06-disputes.md

Rough draft of disputes section. Committed changes are a placeholder for a longer and more detailed version of the dispute process.

* Update 07-wallets.md

Fix typos, grammar edits, add new section at bottom

* Update 08-limits.md

Rough draft of new content in the limits docs

* Update 09-swaps.md

Adjust "on-chain" to "on chain" and "sats" to "Sats" for consistency across other docs. Slight grammar fixes.

* Update 10-telegram.md

Small grammar fixes, clean up formatting and add table of contents

* Update 12-prices.md

Add verbiage note about explicit pricing method, clean up hyperlinks

* Update 13-fees.md

Clean up hyperlinks, small spelling fixes

* Update 14-on-chain-payouts.md

Add table of contents, small grammar fixes, adjust formatting

* Update 07-wallets.md

Change "on chain" to "on-chain"

* Update 09-swaps.md

Change "on chain" to "on-chain"

* Update 02-tor.md

Add note when using TOR and experiencing connection issues
2023-07-24 17:50:17 +00:00

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layout classes title permalink toc toc_sticky sidebar src
single wide Trade Pipeline /docs/trade-pipeline/ true true
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<img id="side-icon-verybig" src="/assets/vector/timeline.svg"/>Trade Pipeline docs
_pages/docs/03-understand/01-trade-pipeline.md

The RoboSats trade pipeline is straightforward and streamlined. The general order flow when making and taking orders is laid out below in numerical steps and in a flowchart.

Order Flow in Numerical Steps

Alice wants to buy Sats privately. This is step-by-step what happens when she buys using RoboSats:

  1. Alice generates an avatar (AdequateAlice01) using her private random token.
  2. Alice safely stores the token in case she needs to recover AdequateAlice01 in the future.
  3. Alice makes a new order and locks a small hold invoice to publish it (maker bond).
  4. Bob wants to sell Sats, sees Alice's order in the book and takes it.
  5. Bob scans a small hold invoice as his taker bond. The contract is final.
  6. Bob posts the traded Sats with a hold invoice. While Alice submits her payout invoice.
  7. In a private chat, Bob tells Alice how to send him fiat.
  8. Alice pays Bob, then they confirm the fiat has been sent and received.
  9. Bob's trade hold invoice is charged and the Sats are sent to Alice.
  10. Bob and Alice's bonds return automatically, since they complied by the rules.
  11. The bonds would be charged (lost) in case of unilateral cancellation or cheating (lost dispute).

Order Flow in Flowchart

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