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I’m not sure how decentralized BAT is when a single entity, Brave, controls it. Like the blog said, if you donate to a website that isn’t signed up on Brave’a p
by surround 7y ago
I’m not sure how decentralized BAT is when a single entity, Brave, controls it. Like the blog said, if you donate to a website that isn’t signed up on Brave’a program, Brave keeps the donation for itself.
- fastball 7y agoI can send you BAT right now, which you can then immediately sell for fiat currency, without the involvement of anything related to Brave. Brave does not control BAT – it is an ERC-20 token on the Ethereum blockchain. Do they still own much of the BAT in circulation? Yes. But other than tanking the value of the BAT you own by selling all of theirs at once (a silly thing for them to do), there isn't much power they can exert.
- surround 7y agoI suppose that’s the problem, then. Would another browser use BAT? No, because Brave already owns the majority of the Daddy-O dollars.
- fastball 7y agoBrave does not own the majority of BAT. At least do a modicum of research before arguing about things on the internet.
- surround 7y agoOk, they own a lot of BAT, and have a strong influence on how it’s spent. They created BAT. This is the premise of the parent article.
- leoc 7y agoFor this to be a major problem, there has to be a large group of website owners, large enough to be enticing to other browsers, who both accept tips in BAT and are reluctant to accept tips in some other, additional cryptocurrency, and Brave's owners have to be able and willing to shut other browsers of BAT tipping, no? It doesn't look likely that all those conditions will be fulfilled, even assuming that that critical mass of BAT-tip-accepting sites is coming or is already here.
- deleted 7y ago[deleted]