3 ms·
Part of why the overhead doesn't matter here is because bitcoin wouldn't be used: It'd be some other crypto, like BAT (which is what Brave uses). The goal woul
by crowbahr 8y ago
Part of why the overhead doesn't matter here is because bitcoin wouldn't be used: It'd be some other crypto, like BAT (which is what Brave uses).
The goal would be to make this a ubiquitous system (which is what Brave is trying) where users would have a wallet of BAT where each "coin" represents a small easy to exchange tip.
Users can buy BAT wherever, recharge their wallet and tip micro amounts to websites.
Brave currently just has a BAT wallet with recharging that doles out a percentage of each token to whatever websites you visited based on amount of time spent there.
If the system is ubiquitous enough, the volatility will go down as more people are seeking to purchase the coins.
The coins will have a limited supply which is subject to a minimal amount of inflation as defined by the group which works on it.
- noxToken 8y agoIn this case, would the only use of BAT (or something similar) be avoiding transaction fees as a high percentage of small transctions? For example, Visa charges 1.5% of the transaction + $0.10. The transaction fee on a $0.25 micropayment would be $0.10375 - a hair above 40% of the transaction. Otherwise, what is the value add of BAT compared to storing payment information with a vendor or someone like Stripe?