Earlier quoted context omitted.
We don't care what it does with the previous ad data, what's disturbing is that there is even a setting to opt-in to more ads in the first place . Many people (myself included) will be completely turned away because of that option. That's just the cost of doing business.
Person 1: Brave replaces existing ads, that’s bad Someone from Brave: actually we don’t replace existing ads at all, here’s why Person 2: no one cares what you do or don’t do with existing ads! I don’t have any connection to Brave but I find it odd they’ve become some kind of hate figure here on HN. Their iOS client IMO is quite good. Their privacy is miles ahead of the other options. But merely by trying to be priva…
If by "other options" you're purely referring to "the 5 most popular browsers", you're mostly right. Brave still uses much more telemetry than UnGoogled Chromium and Vivaldi, so make of that what you will.