191–200 of 649 posts
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> if you watch a particular YouTube channel 30% of your browsing time, it will send 30% of 10 BAT each month to that content creator. But does YouTube get anything? To support their business
Yeah YouTube is really struggling to make ends meet, we need to remember the little guy here.
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I wonder why they chose to use (yet another) crypto currency for this.
You need some sort of cryptocurrency for this as microtransactions don't really work in the legacy system. Also by using their own token they can boot strap the ecosystem cheaply as they can mint the tokens themselves with the value accruing later after network participants are onboarded and transacting.
You need some sort of cryptocurrency for this as
microtransactions don't really work in the legacy
system.
Also by using their own token they can boot strap
the ecosystem cheaply as they can mint the tokens
themselves with the value accruing later after
network participants are onboarded and transacting.
Projects like Augur and MakerDAO must have their own token or they wouldn't work at all. Augur and MakerDAO have healthy token economics.
I'm not an expert on BAT token economics, but I believe Brave would have been much better off using ETH itself or a stablecoin. afaik Brave's microtransactions don't require BAT to work and that makes BAT a bad token.
Earlier quoted context omitted.
> if you watch a particular YouTube channel 30% of your browsing time, it will send 30% of 10 BAT each month to that content creator. But does YouTube get anything? To support their business
Yeah YouTube is really struggling to make ends meet, we need to remember the little guy here.
Earlier quoted context omitted.
It's perfect for my use case: Chrome but with all the google bits removed and built-in ad-blocking. Can't say any of those things you listed have bothered me. I don't use BAT. Edit: Why do so many new accounts (green text) post to any thread about Brave?
> with all the google bits removed well, except for the fact that it's still a chromium browser and google really sets the general agenda for all chromium browsers.
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You need some sort of cryptocurrency for this as microtransactions don't really work in the legacy system. Also by using their own token they can boot strap the ecosystem cheaply as they can mint the tokens themselves with the value accruing later after network participants are onboarded and transacting.
microtransactions don't work on cryptocurrency...
My personal favorite example is:
https://www.stellar.org/papers/stellar-consensus-protocol.pd...
Transactions take a few seconds, 10000 transactions per $.01 as well as no mining for coins so it is not a bad coin for climate change compared to say Bitcoin and the mining farms.
Just my $0.02
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Why does it seem wrong? Internet ads use your internet connection and time. Why should I watch them for free?
The real question is: Why should you watch them at all?
#1 Brave advertise with privacy and speed while all they do is adding adblock.
#2 Brave replaces adds with their own adds. This basically means you get the same experience but cut off the income of the content creator entirely.
#3 Brave allows you to reward 3rd party sites. This system is so nice they even got legal issues as it was assumed as fraud.
#4 BAT. Brave advertise with consumer first. The best choice for the consumer would be Paypal. If there is an incent to stay with crypto currency Bitcoin or Ethereum.
Given Brave created their own crypto currency and base every model around that they can profit from Transactions/services with the currency too on top of the share they take when you use their add platform/feature.
Given the criticism its very hard for me to understand users sympathizing with the browser.
Earlier quoted context omitted.
You need some sort of cryptocurrency for this as microtransactions don't really work in the legacy system. Also by using their own token they can boot strap the ecosystem cheaply as they can mint the tokens themselves with the value accruing later after network participants are onboarded and transacting.
microtransactions don't work on cryptocurrency...
For example, see https://comingsoon.idex.io/ which is state of the art.
If people like Brave's ad model, all the power to them. I would personally never touch it. I'm not philosophically on board with the idea that paying people to look at ads is a pragmatic way forward. It doesn't matter if it's opt-in, free-to-play games with loot crates are opt-in, but the decision to go down that road will effect their decision making process when designing new features and I don't want to be part of…
In all honesty, I'm not sure how I feel about this model? I'm one of those people who has been out saying that the web needs a new business model. Well, here one is, and yet I find myself a bit hesitant to embrace it? It's probably just a matter of needing more information to fill in the blanks and explain the contradictions. That said, my mind tends to automatically start strategizing the long game, and I'm uncertai…
Business model for whom? For Brave? Or for the website owner?
If the website owner isn't involved in this choice, then this is racketeering. And racketeering is an old business model.
If people like Brave's ad model, all the power to them. I would personally never touch it. I'm not philosophically on board with the idea that paying people to look at ads is a pragmatic way forward. It doesn't matter if it's opt-in, free-to-play games with loot crates are opt-in, but the decision to go down that road will effect their decision making process when designing new features and I don't want to be part of…