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THIS IS REALLY HELPFUL. Thank you!
It turns out that I might have the concept correct but been slightly incorrect. Instead of being used as the basis for micropayments they will be sold to advertisers who will then use the tokens to buy ads on the platform. Same concept, where you have a bunch of users who "invest" by buying the initial coins and then sell them when the service takes off, but I was wrong about what they're being used for.
In the end this was a fail for BAT. Sure they got the money, but what would have been more valuable would have been a massive bunch of new incentivised users.
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This is my understanding Put aside blockchain, ICO, and browsers for a moment. Imagine an app that shows ads, nothing more. The users of the app are credited in tokens for viewing and/or clicking ads. The advertisers pay tokens to show ads. There is a middleman (presumably brave) who manages the ad marketplace and distribution (for a cut) The users can then take their tokens (acquired viewing ads) and sell them on th…
What prevents Brave from, instead of requiring these BAT tokens to show advertising on their network, just deciding to charge $ instead? If/when they do that won't it make these tokens worthless?
There is also scope for click/view fraud also
Even if the original token pool is a fixed size, they could choose to issue another token pool later, so different token types could have different values
Other parties could use the same token scheme for their advertising and not pass anything on to their users
The whole area is intriguing
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What prevents Brave from, instead of requiring these BAT tokens to show advertising on their network, just deciding to charge $ instead? If/when they do that won't it make these tokens worthless?
Nothing that I'm aware of, but nothing stops their users from using regular Chrome if the payments dry up. There is also scope for click/view fraud also Even if the original token pool is a fixed size, they could choose to issue another token pool later, so different token types could have different values Other parties could use the same token scheme for their advertising and not pass anything on to their users The…
I still belief ICOs are made up to launder crypto-money. Invest anonymous into your own ICO, ed voila, the money is clean to use.
In-app purchases are a decent alternative. Give a mule some BTC, mule buys premium currency in your shitty game, your shitty game company sells the BTC it "acquired" on the open market. Either way, you've got income from selling digital goods for cryptocurrency, rather than cryptocurrency with no socially accepted narrative for possessing it.
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> It isn't discriminatory, it's protective. I think it is both. The regulation is removing the upside risk as well as the downside risk. Many professional investors are investing to real stupid things and losing their money, it is not that difficult to find examples.
Is it easy to find examples of ones who have lost so much that they are literally poor?
http://www.thedailybeast.com/articles/2015/10/31/the-best-co...
Or the boiler rooms & microcap fraud in the 1980s/1990s:
https://en.wikipedia.org/wiki/Microcap_stock_fraud
And yep, it was still happening even before the accredited investor criteria was relaxed;
https://www.justice.gov/usao-sdfl/pr/five-defendants-charged...
Could someone explain this to me like I'm five? I have an understanding of blockchain, kinda. What is this ICO?
This is my understanding Put aside blockchain, ICO, and browsers for a moment. Imagine an app that shows ads, nothing more. The users of the app are credited in tokens for viewing and/or clicking ads. The advertisers pay tokens to show ads. There is a middleman (presumably brave) who manages the ad marketplace and distribution (for a cut) The users can then take their tokens (acquired viewing ads) and sell them on th…
1. What effect does this have on the spyware/malware side current ads? As an advertiser, I pay some coins to show my ads. Are they still served from the same ad platforms they are today with all the tracking/spyware/malware/etc or are the ads served from some central Brave ad platform where all of that junk is rejected/stripped out?
2. What prevents one actor from buying up all of the tokens over time and opting to horde them rather than showing ads/paying out to users?
All these ICO's have been avoiding any SEC regulation regarding private security sales by claiming the tokens are just a method to use/exchange services on their platform, not as an investment. However, when ICO's like this one keep happening where only 100 "accounts" own 99% of the ICO offering, you pretty much lose that argument of the tokens only being there for use of the platform. It's a private security sale, a…
> People are throwing their entire savings into this while not knowing anything about it besides everyone in the group hyping it up amongst themselves. Yeah reading /r/ethtrader it's 95% hype and 5% caution. I keep feeling conflicted for not buying in at ~$120-$130, and every day I think about whether I should buy in. But then I try to answer the question "what about Ethereum makes me believe it will be worth more th…
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Is it easy to find examples of ones who have lost so much that they are literally poor?
That's why these rules exist in the first place.. People like "The Jackal of Wall St.": http://www.thedailybeast.com/articles/2015/10/31/the-best-co... Or the boiler rooms & microcap fraud in the 1980s/1990s: https://en.wikipedia.org/wiki/Microcap_stock_fraud And yep, it was still happening even before the accredited investor criteria was relaxed; https://www.justice.gov/usao-sdfl/pr/five-defendants-charged...
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I think the notion of accredited investor is very discriminatory to small investors. It's basically says - if you already wealthy then you have an access to attractive investment opportunities with huge upside (and of course, huge risk), if you are just a middle class man then stay where you are (since your investment options with huge upside are severely limited and you don't have enough capital to make sense from i…
The effect of missing out on an upside is a lot less than taking a huge hit on the downside. It isn't discriminatory, it's protective. It is sad but many people would put their entire savings and next months rent into a risky investment that is not publicly traded on a regulated market and basically lose their money most of the time because they invest on hype and because their buddy told them. If an accredited inves…
If someone doesn't know how to manage miney they will lose it one way or another - be it forex, or or penny stocks. ICOs cannot possibly be worse than these legal things.