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“Known bad actor” Jesus Christ. Didn’t know they were on the HN browser blacklist! HNers should be rooting for crypto to succeed - decentralized networks have
by seibelj 7y ago
“Known bad actor” Jesus Christ. Didn’t know they were on the HN browser blacklist!
HNers should be rooting for crypto to succeed - decentralized networks have the most promise for protecting privacy. Federated networks like email result in centralized entities - decentralized protocols like BitTorrent remain much harder to shutdown.
- Sephr 7y agoCrypto doesn't mean decentralized, and Brave BAT is definitely not decentralized. Edit: not exactly decentralized in practice.
- lostmsu 7y agoIs not it just a token on decentralized Ethereum network? o-O
- Karunamon 7y agoIt absolutely is decentralized. The worst thing Brave could do if they were feeling evil is to mint a bunch of new tokens and devalue the currency, but that's it. The smart contract is in the ether blockchain forevermore and has no self-destruct function.
- theamk 7y agoAll Brave code comes from a single source and is controlled by a single entity. As a hypothetical example, imagine that Brave is sold, and new owners changed the code so that 50% of the tokens go to the PRESIDENT RE-ELECTION FUND, instead of the website user looks at.
- Karunamon 7y agoThere is no "changing the code". That's not how smart contracts work. The code[1] as it was written and deployed is on the ether blockchain and will remain on the ether blockchain in its current form so long as the blockchain remains existent. It is set in stone. Brave could make a new BAT token and point their browser to use it, but they don't get to do anything with the original code controlling the tokens everyone is already using. It cannot be disabled, modified, or deleted, by Brave Inc or by any person. [1]: https://etherscan.io/address/0x0d8775f648430679a709e98d2b0cb6250d2887ef#code https://etherscan.io/address/0x0d8775f648430679a709e98d2b0cb...
- broodje 7y agoThe lack of informed knowledge on a place like HN is pretty baffling at times.
- lalaland1125 7y ago> Brave could make a new BAT token and point their browser to use it This by itself is strong proof of centralization. Brave can unilaterally make this change and give themselves total control over BAT 2.0 while leaving the original BAT worthless.
- Karunamon 7y agoBrave can release whatever software they want, but they maintain no control over the original token. The token maintains whatever worth the larger market assigns to it, and if there isn't majority buy in with NuBAT, it simply won't be used. Brave being open source, large enough dissatisfaction would result in the browser being forked with the original token in play.
- bravoetch 7y agoJust because they printed some tokens (and kept most of them for the 12 employees there at the time) does not mean they are aligned with decentralized cryptocurrency or the associated values. Brave is a shit-show that's only still around because they propped up the company with a token ICO. Their business model benefits nobody. Mostly because it doesn't work.
- songshuu 7y agoAmazing. Every word you just said was wrong. 1. More than 12 employees at the time of ICO. 2. Check the UGP status. Tis well distributed. 3. Check the payout to freecodecamp, over $2k.
- billions 7y agoWith user growth, HN has unfortunately replaced intelligent conversations with group think. Numerous subjects are off limits. "Conformist News"