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The creators end up getting a crapto token at the end of it and then have to wait a long time to accumulate enough to justify the time, hassle and transaction f

The creators end up getting a crapto token at the end of it and then have to wait a long time to accumulate enough to justify the time, hassle and transaction fees to turn it back into actual money they can spend on beer/rent/etc. All for some tiny fraction of the browser market. Meanwhile people are living off Patreon and other services like it.

dwild 7y ago
> The creators end up getting a crapto token at the end of it and then have to wait a long time to accumulate enough to justify the time, hassle and transaction fees to turn it back into actual money they can spend on beer/rent/etc. All for some tiny fraction of the browser market. The same would be true for actual dollars... you would have to wait for it to get high enough to justify the transaction fees but also the service time. Most service won't let you take it out until your cash reach an high limit. With a concurrency, at worse you can keep using it in other alternative ways (at a bare minimum, on your web browsing in this case).
- PKop 7y ago
  Ok, but the difference with waiting to accumulate dollars vs waiting to accumulate crypto currency is that with crypto you are subject to massive currency fluctuations while you wait to cash out. Just look at BAT price volatility and decline over last year.
  - dwild 7y ago
    > Ok, but the difference with waiting to accumulate dollars vs waiting to accumulate crypto currency is that with crypto you are subject to massive currency fluctuations while you wait to cash out. Most exchange won't let you cash out over small amounts, but you can still exchange it. You aren't subject to fluctuation if it's already exchanged. It's so weird the amount of misinformation here... I know that people here may hate cryptocurrencies, but it's the same thing as having it stored somewhere in a DB. The only difference is that you can actually do something with it.
- lawtalkinghuman 7y ago
  I'm reasonably sure USD (or EUR) will still exist, have some reasonably similar value, and be usable in five years. There are quite a lot of crypto tokens I do not have anywhere near that level of confidence in.
  - jimmydorry 7y ago
    Try using USD or EUR at 5 or more decimal points.
    - lawtalkinghuman 7y ago
      A creator would be far better served with coming up with a monetisation model that means they can make USD/EUR/whatever from Patreon (or their own PayPal/Stripe subscription etc.), than hoping for tiny nano-payments of cryptodosh from a niche interest web browser.
  - dwild 7y ago
    > I'm reasonably sure USD (or EUR) will still exist, have some reasonably similar value, and be usable in five years. There are quite a lot of crypto tokens I do not have anywhere near that level of confidence in. Nothing stop you from exchanging it as soon as you can. If the website would be offering USD instead of BAT, you would still not be able to retrieve it until it reach a amount big enough to take out (Google Ads is at 100$, 25$ for international user on Patreon). Until it's actual USD in your bank account, it's not better than BAT and depends on the existence of the service. The difference is that BAT, you can still use it if you decide to, right now.
  - alwillis 7y ago
    I'm reasonably sure USD (or EUR) will still exist, have some reasonably similar value, and be usable in five years. Sure, but even with an inflation rate of 2%, if you hold USD for 10 years, its purchasing power is cut in half. Every BAT token that’s ever going to exist has already been minted, so it can’t be inflated by creating more of it. There will be no quantitive easing, “too big to fail” or bailouts in the BAT ecosystem. That almost certainly will not be the case for either the dollar or the Euro.

dwild 7y ago

> The creators end up getting a crapto token at the end of it and then have to wait a long time to accumulate enough to justify the time, hassle and transaction fees to turn it back into actual money they can spend on beer/rent/etc. All for some tiny fraction of the browser market. The same would be true for actual dollars... you would have to wait for it to get high enough to justify the transaction fees but also the service time. Most service won't let you take it out until your cash reach an high limit. With a concurrency, at worse you can keep using it in other alternative ways (at a bare minimum, on your web browsing in this case).

PKop 7y ago
Ok, but the difference with waiting to accumulate dollars vs waiting to accumulate crypto currency is that with crypto you are subject to massive currency fluctuations while you wait to cash out. Just look at BAT price volatility and decline over last year.
- dwild 7y ago
  > Ok, but the difference with waiting to accumulate dollars vs waiting to accumulate crypto currency is that with crypto you are subject to massive currency fluctuations while you wait to cash out. Most exchange won't let you cash out over small amounts, but you can still exchange it. You aren't subject to fluctuation if it's already exchanged. It's so weird the amount of misinformation here... I know that people here may hate cryptocurrencies, but it's the same thing as having it stored somewhere in a DB. The only difference is that you can actually do something with it.
lawtalkinghuman 7y ago
I'm reasonably sure USD (or EUR) will still exist, have some reasonably similar value, and be usable in five years. There are quite a lot of crypto tokens I do not have anywhere near that level of confidence in.
- jimmydorry 7y ago
  Try using USD or EUR at 5 or more decimal points.
  - lawtalkinghuman 7y ago
    A creator would be far better served with coming up with a monetisation model that means they can make USD/EUR/whatever from Patreon (or their own PayPal/Stripe subscription etc.), than hoping for tiny nano-payments of cryptodosh from a niche interest web browser.
- dwild 7y ago
  > I'm reasonably sure USD (or EUR) will still exist, have some reasonably similar value, and be usable in five years. There are quite a lot of crypto tokens I do not have anywhere near that level of confidence in. Nothing stop you from exchanging it as soon as you can. If the website would be offering USD instead of BAT, you would still not be able to retrieve it until it reach a amount big enough to take out (Google Ads is at 100$, 25$ for international user on Patreon). Until it's actual USD in your bank account, it's not better than BAT and depends on the existence of the service. The difference is that BAT, you can still use it if you decide to, right now.
- alwillis 7y ago
  I'm reasonably sure USD (or EUR) will still exist, have some reasonably similar value, and be usable in five years. Sure, but even with an inflation rate of 2%, if you hold USD for 10 years, its purchasing power is cut in half. Every BAT token that’s ever going to exist has already been minted, so it can’t be inflated by creating more of it. There will be no quantitive easing, “too big to fail” or bailouts in the BAT ecosystem. That almost certainly will not be the case for either the dollar or the Euro.