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Brave raises $35M in 1 min with ICO

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Re: Brave raises $35M in 1 min with ICO

#121

Post by mikeyouse »

sanswork wrote: post #109
mikeyouse wrote: post #106

Earlier quoted context omitted.

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...

Which of those left accredited investors poor and not just down?

All of them? Boiler rooms and stock frauds don't settle for a little bit of money, when they find someone to swindle, they take all of their money. It got so bad during the Great Depression that people actually hung bankruptcy judges.. Google "stock market fraud life savings" and you can find a litany of people who lost everything to these scams.

Re: Brave raises $35M in 1 min with ICO

#122

Post by mdeeks »

solotronics wrote: post #54
edaemon wrote: post #23

What's the incentive for a user to switch to the Brave browser? What advantages does it have over a different browser using ad- and tracker-blocking plugins, especially now that the Brave browser allows ads from these ad providers?

I use Brave on Android almost exclusively. Its built on Chromium with built in ad blocking.

Strongly seconding this. Finding Brave on Android was a huge moment for me. The mobile web is downright unusable on Chrome in Android and there are no good non-root options for ad blocking.

Firefox is dog slow (sorry FF), Opera crashes on me regularly, and I don't really trust any of the other 3rd party browsers.

Brave is basically Chrome with ad blocking.

URL for the lazy: https://play.google.com/store/apps/details?id=com.brave.brow...

Re: Brave raises $35M in 1 min with ICO

#123

Post by sanswork »

mikeyouse wrote: post #121
sanswork wrote: post #109

Earlier quoted context omitted.

Which of those left accredited investors poor and not just down?

All of them? Boiler rooms and stock frauds don't settle for a little bit of money, when they find someone to swindle, they take all of their money. It got so bad during the Great Depression that people actually hung bankruptcy judges.. Google "stock market fraud life savings" and you can find a litany of people who lost everything to these scams.

Do you have any actual examples? I googled your suggested term and found a bunch of people outside the US(lots in China a few in the UK, one in Canada) and a bunch of others who wouldn't qualify as accredited investors.

The great depression started before the SEC existed and was a completely different world.

Back to my original question I asked if it was easy to find examples. I have no doubt that you can find a few since fraud happens. But I think you'll find it difficult to find more than a handful.

Re: Brave raises $35M in 1 min with ICO

#124

Post by pacaro »

matty22 wrote: post #107
pacaro wrote: post #69

Earlier quoted context omitted.

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…

Two follow up questions if you don't mind: 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…

No answer to 1. I have no idea what brave's plans are. I can conceive of a locked down ad platform, both whether that would be acceptable to advertisers and worth the tech investment is debatable.

On 2, normal market dynamics. If tokens get hoarded, that increases the value of the remaining tokens. I assume that tokens can be split into arbitrarily small fragments.

There's also nothing stopping Brave from issuing more tokens (either indistinguishable from the original tokens, or a new type of token which is handled in the same way)

Re: Brave raises $35M in 1 min with ICO

#125

Post by mmwako »

Got a question on de business-model side of things: if Brave will block ads on websites, and replace them with their own advertisement and pay the user for looking at it, won't the owner of the website (aka the person that generated the valued content) get cut out of the deal? If so, assuming Brave succeeds, wouldn't it "kill the web", as there is no incentive to generate web-content anymore (a big % of websites gets financed through ads)? Am I missing something here?

Re: Brave raises $35M in 1 min with ICO

#126

Post by mmwako »

mmwako wrote: post #125

Got a question on de business-model side of things: if Brave will block ads on websites, and replace them with their own advertisement and pay the user for looking at it, won't the owner of the website (aka the person that generated the valued content) get cut out of the deal? If so, assuming Brave succeeds, wouldn't it "kill the web", as there is no incentive to generate web-content anymore (a big % of websites gets…

follow-up question: will they block Google ads, as in Adwords? Messing with the big fellas here.

Re: Brave raises $35M in 1 min with ICO

#127

Post by mmwako »

mmwako wrote: post #125

Got a question on de business-model side of things: if Brave will block ads on websites, and replace them with their own advertisement and pay the user for looking at it, won't the owner of the website (aka the person that generated the valued content) get cut out of the deal? If so, assuming Brave succeeds, wouldn't it "kill the web", as there is no incentive to generate web-content anymore (a big % of websites gets…

follow-up question: will they block Google ads, as in Adwords? Messing with the big fellas here.

Re: Brave raises $35M in 1 min with ICO

#128

Post by infinite8s »

mikeyouse wrote: post #121
sanswork wrote: post #109

Earlier quoted context omitted.

Which of those left accredited investors poor and not just down?

All of them? Boiler rooms and stock frauds don't settle for a little bit of money, when they find someone to swindle, they take all of their money. It got so bad during the Great Depression that people actually hung bankruptcy judges.. Google "stock market fraud life savings" and you can find a litany of people who lost everything to these scams.

The creation of the SEC was a response to the stock market crash that let to the Great Depression.

Re: Brave raises $35M in 1 min with ICO

#129

Post by microtherion »

sanswork wrote: post #118
microtherion wrote: post #115

Earlier quoted context omitted.

Some people lost a lot of money on prosper.com, and at least in some cases, it was known that it was money they couldn't really afford to lose. See e.g. this (and be sure to read the last comment): http://www.bloggingawaydebt.com/2007/01/would-you-lend-75000...

I've tried to find more up to date information on him since that post is over 7 years old now and can't. Do you have anything more current or more details on the user pensioner? ericscc.com appears to be gone as well as any of the other prosper forums I've found links to. Not really familiar with the site so is it basically dead or moved out of p2p or something?

The one forum site that still seems to be active is prospers.org, where pensioner was active as late as 2014. Not much conversation about prosper anymore, though (The old timers still there have thoroughly soured on p2p lending).

prosper.com itself is still in business. AFAIK they have pivoted to a much more conservative lending model. People who invested before 2010 or so generally lost money, some of them a lot of it, but the current model may be sustainable.

Re: Brave raises $35M in 1 min with ICO

#130

Post by eridius »

phamilton wrote: post #81

Ostensibly, the tokens here are representative of future services on the platform. Is this just a fancy kickstarter? Was Tesla's model 3 preorder basically the same thing? They raised $400M dollars ($1000 down payment on 400k reservations) on future sales of a product not yet built.

If Tesla fails to deliver the Model 3, I assume they'd need to refund the down payments for all the pre-orders. Similarly, Kickstarter's rules say if the kickstarter is funded but then fails to deliver, they must refund the money (though I have no idea how well-enforced this actually is).

Meanwhile, if Brave completely fails and the BATs become worthless, I don't think anybody's going to get refunded.

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