4 ms·

Lol, nobody understands what really happened here. Myself included! They used some kind of digital currency to purchase shares in an upcoming venture? I'd lov

Lol, nobody understands what really happened here. Myself included! They used some kind of digital currency to purchase shares in an upcoming venture? I'd love to try to explain this to my grandma

tenaciousDaniel 9y ago
I'm a software engineer and I can barely explain it to myself.
- thebiglebrewski 9y ago
  Haha right
mason55 9y ago
The idea is that the Brave platform will allow users to send micropayments to content publishers. The micropayments will be in the form of "Brave Coins" which are like Bitcoins but specific to the Brave platform. The reason for this is that you reduce transaction costs to a point where it makes sense to send a $0.50 (or whatever) payment. So if the Brave platform succeeds then you'll have a whole bunch of people who want to exchange cash for these "Brave Coins" so they can send micropayments. These early investors will hold all the Brave Coins and so they will get the initial influx of cash from people buying Brave Coins to use the platform. Edit: Possibly the coins are being used by advertisers on the platform, not for micropayments.
- altern8tif 9y ago
  My understanding is that the tokens (BAT) are sold to/for advertisers to allow them to purchase advertising on the Brave platform so that they can advertise on specific publishers' websites. The tokens paid for by the advertisers will then go into the pockets of these publishers, while a small portion will end up with users to compensate them for their attention spent viewing those ads. Am I reading it wrong?
  - mason55 9y ago
    Oh, you are probably right and I'm probably wrong
- thebiglebrewski 9y ago
  THIS IS REALLY HELPFUL. Thank you!
  - mason55 9y ago
    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.
    - thebiglebrewski 9y ago
      Oh. Thanks!

Lol, nobody understands what really happened here. Myself included! They used some kind of digital currency to purchase shares in an upcoming venture? I'd love to try to explain this to my grandma

tenaciousDaniel 9y ago

I'm a software engineer and I can barely explain it to myself.

thebiglebrewski 9y ago
Haha right

mason55 9y ago

The idea is that the Brave platform will allow users to send micropayments to content publishers. The micropayments will be in the form of "Brave Coins" which are like Bitcoins but specific to the Brave platform. The reason for this is that you reduce transaction costs to a point where it makes sense to send a $0.50 (or whatever) payment. So if the Brave platform succeeds then you'll have a whole bunch of people who want to exchange cash for these "Brave Coins" so they can send micropayments. These early investors will hold all the Brave Coins and so they will get the initial influx of cash from people buying Brave Coins to use the platform. Edit: Possibly the coins are being used by advertisers on the platform, not for micropayments.

altern8tif 9y ago
My understanding is that the tokens (BAT) are sold to/for advertisers to allow them to purchase advertising on the Brave platform so that they can advertise on specific publishers' websites. The tokens paid for by the advertisers will then go into the pockets of these publishers, while a small portion will end up with users to compensate them for their attention spent viewing those ads. Am I reading it wrong?
- mason55 9y ago
  Oh, you are probably right and I'm probably wrong
thebiglebrewski 9y ago
THIS IS REALLY HELPFUL. Thank you!
- mason55 9y ago
  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.
  - thebiglebrewski 9y ago
    Oh. Thanks!