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Ha, the top 100 holders own ~99% of the total token supply. Really poorly executed distribution model: https://etherscan.io/token/tokenholderchart/BAT https://e

Ha, the top 100 holders own ~99% of the total token supply. Really poorly executed distribution model: https://etherscan.io/token/tokenholderchart/BAT https://etherscan.io/token/tokenholderchart/BAT

wand3r 9y ago
You seem to imply this is a bad thing (for Brave) and this wasn't intentional.
dna_polymerase 9y ago
Well there are only 190 holders. Far worse: 4 of them hold >50%
- ummjackson 9y ago
  Yup, fail whale.
deleted 9y ago
[deleted]
gcp 9y ago
What's the consequence, though? Brave got $35M, unless Ethereum crashes very soon. Some parties can now set the price for advertising within Brave to whatever they want. If Brave becomes popular, they become rich. If Brave fails, they lost their money.
- oh_sigh 9y ago
  Right...this sounds like a good thing. People with big money invested will presumably want to set their prices such that Brave will succeed and they will either get a return or at least not lose their shirt. If, for example, tens of thousands of people only had tens of dollars invested, they may be less interested in making Brave a successful platform because they have little financial incentive and little to lose.
- iamacynic 9y ago
  that asset isn't liquid. who are you going to sell it to? a few of the other 200 people? do they have $35M to spend?
  - gcp 9y ago
    If Brave becomes popular, advertising space in it is worth real money, and the tokens get value. If.
    - chongli 9y ago
      To me, Brave's value is due to its ad blocker. If they start shoving native ads into the browser then I'll uninstall it. The set of technical users out there who will do anything and everything to avoid and block ads is not a valuable advertising space in any way, shape, or form.
      - gcp 9y ago
        I thought the entire point of Brave was to have ads, but share the revenue.
        manigandham 9y ago
        The current tech already does that just fine, no need to have an ad network built into the browser that just overwrites existing ad networks on the page. At that point, it's no different than spyware/malware.
        mbgaxyz 9y ago
        All roads lead to AllAdvantage :-) https://en.wikipedia.org/wiki/AllAdvantage https://en.wikipedia.org/wiki/AllAdvantage
    - sanswork 9y ago
      Is Brave showing any signs of becoming popular? Even within the bitcoin community where it would be expected to be most popular I only occasionally see people say they use it some of the time.
jdavila90 9y ago
how is this any different from raising money from VC firms? The distribution probably isn't any better, but at least everyone has the ability to bet on a company
- dharma1 9y ago
  It's not regulated, and they are not selling equity/shares in the company
  - jdavila90 9y ago
    sure, but the idea is the same. You bet on a company and you then sell for a profit.
    - ccrush 9y ago
      Purchasing shares is much more than betting on a company. It's giving them money for a percent ownership of the company. Share ownership gives you voting rights on the company direction, a claim to the company's assets and profits, the potential for dividends payments, the right to sue directors for acting against the interest of the company, the right to recover losses from misleading statements and actions by corporate directors. These coins entitle you to nothing, and allow these companies to sidestep regulations that protect investors from scams. All these things were put in place because your average person doesn't know what they're doing, and they think stock ownership is just gambling. In fact, for many investors with little to no cash to invest, it is gambling. Can you afford a lawsuit to recover your $35,000, should your investment disappear into the ether because of malicious executives running a scam? Probably not. There is a very good reason why millionaires and high income individuals can become registered investors and can be solicited for funds by risky startups and nanocaps. The SEC doesn't want people who can't afford to recover from a scam to be solicited for investments. That's why publicly traded companies must file regular financial statements while non-listed companies must have investors go to them of their own free will.
      - jdavila90 9y ago

Ha, the top 100 holders own ~99% of the total token supply. Really poorly executed distribution model: https://etherscan.io/token/tokenholderchart/BAT https://etherscan.io/token/tokenholderchart/BAT

wand3r 9y ago

You seem to imply this is a bad thing (for Brave) and this wasn't intentional.

dna_polymerase 9y ago

Well there are only 190 holders. Far worse: 4 of them hold >50%

ummjackson 9y ago
Yup, fail whale.

deleted 9y ago

[deleted]

gcp 9y ago

What's the consequence, though? Brave got $35M, unless Ethereum crashes very soon. Some parties can now set the price for advertising within Brave to whatever they want. If Brave becomes popular, they become rich. If Brave fails, they lost their money.

oh_sigh 9y ago
Right...this sounds like a good thing. People with big money invested will presumably want to set their prices such that Brave will succeed and they will either get a return or at least not lose their shirt. If, for example, tens of thousands of people only had tens of dollars invested, they may be less interested in making Brave a successful platform because they have little financial incentive and little to lose.
iamacynic 9y ago
that asset isn't liquid. who are you going to sell it to? a few of the other 200 people? do they have $35M to spend?
- gcp 9y ago
  If Brave becomes popular, advertising space in it is worth real money, and the tokens get value. If.
  - chongli 9y ago
    To me, Brave's value is due to its ad blocker. If they start shoving native ads into the browser then I'll uninstall it. The set of technical users out there who will do anything and everything to avoid and block ads is not a valuable advertising space in any way, shape, or form.
    - gcp 9y ago
      I thought the entire point of Brave was to have ads, but share the revenue.
      - manigandham 9y ago
        The current tech already does that just fine, no need to have an ad network built into the browser that just overwrites existing ad networks on the page. At that point, it's no different than spyware/malware.
        mbgaxyz 9y ago
        All roads lead to AllAdvantage :-) https://en.wikipedia.org/wiki/AllAdvantage https://en.wikipedia.org/wiki/AllAdvantage
  - sanswork 9y ago
    Is Brave showing any signs of becoming popular? Even within the bitcoin community where it would be expected to be most popular I only occasionally see people say they use it some of the time.

jdavila90 9y ago

how is this any different from raising money from VC firms? The distribution probably isn't any better, but at least everyone has the ability to bet on a company

dharma1 9y ago
It's not regulated, and they are not selling equity/shares in the company
- jdavila90 9y ago
  sure, but the idea is the same. You bet on a company and you then sell for a profit.
  - ccrush 9y ago
    Purchasing shares is much more than betting on a company. It's giving them money for a percent ownership of the company. Share ownership gives you voting rights on the company direction, a claim to the company's assets and profits, the potential for dividends payments, the right to sue directors for acting against the interest of the company, the right to recover losses from misleading statements and actions by corporate directors. These coins entitle you to nothing, and allow these companies to sidestep regulations that protect investors from scams. All these things were put in place because your average person doesn't know what they're doing, and they think stock ownership is just gambling. In fact, for many investors with little to no cash to invest, it is gambling. Can you afford a lawsuit to recover your $35,000, should your investment disappear into the ether because of malicious executives running a scam? Probably not. There is a very good reason why millionaires and high income individuals can become registered investors and can be solicited for funds by risky startups and nanocaps. The SEC doesn't want people who can't afford to recover from a scam to be solicited for investments. That's why publicly traded companies must file regular financial statements while non-listed companies must have investors go to them of their own free will.
    - jdavila90 9y ago