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I feel like the golden age of front end is just coming to ripe. Ethereum smart contract toolchain is written in JavaScript, browser wallet like Metamask is the

I feel like the golden age of front end is just coming to ripe. Ethereum smart contract toolchain is written in JavaScript, browser wallet like Metamask is the defacto way to interact with user's wallet without having to send any sensitive information (private key) to the server, and now with IPFS as well! Dare I dream that an entire frontend assets (compiled html, js, css) is hosted on IPFS, making a truly decentralized apps? Seems like an exciting era to be a JavaScript/frontend devs.

sebmellen 6y ago
This is already the case with Uniswap: https://uniswap.org/blog/ipfs-uniswap-interface/ https://uniswap.org/blog/ipfs-uniswap-interface/. Let's see if the underlying economic models can mature to be viable in the "real world," or at least the digital real world. BAT, for example, made Brave possible, but the tokenomics are bad and basically no one uses it. That said, it is an exciting time, for sure! JavaScript sure has grown from humble beginnings.
- christiansakai 6y ago
  What is BAT?
  - sebmellen 6y ago
    The "native currency" of the Brave browser — you can read more here: https://basicattentiontoken.org/ https://basicattentiontoken.org/. As the URL implies, the name is "Basic Attention Token" for some reason. Didn't really work out, but has a huge marketcap even though no one uses it: https://coinmarketcap.com/currencies/basic-attention-token/ https://coinmarketcap.com/currencies/basic-attention-token/.
    - loceng 6y ago
      Market cap is just a function of multiplying total shares by the last share sell price, no?
      - Acrobatic_Road 6y ago
        pretty much, just replace "shares" with "supply".
    - christiansakai 6y ago
      Interesting
- Reedx 6y ago
  Anyone know why they didn't just use an existing cryptocurrency?
  - jonathansampson 6y ago
    When we launched Rewards (then called 'Payments'), we did so using Bitcoin. During that time, our users would seek to buy about $5 or $10 of BTC at a time. Due to network fees and congestion, these users would pay as much as 90% to fees, and still not be sure when their coins would arrive. This clearly wasn't good for the health and well-being of Brave and Brave "Payments" (now "Rewards"). Our hand was forced, effectively. We needed to pivot to a solution that offered better throughput, with lower fees, or possibly die an early death as a project. Hopping to an ERC-20 token offered immediate relief in both areas, ensuring Brave "Payments" would be able to go on and develop.
    - sebmellen 6y ago
      Hey Jonathan, big fan of Brave, and I meant no disrespect with my comment. Serious question — how does BAT distribution work with ETH fees being in the same range now? Have you considered doing atomic swaps with a network like Stellar for a low fee transaction environment? They have a Metamask alternative called Albedo that you could probably effectively integrate into Brave. I've worked a lot with Stellar and would be glad to help (not shilling, I don't own many XLM, I just know the network well). Contact in bio if you're interested.
      - AgentME 6y ago
        Not him, but there is progress in the Ethereum ecosystem on multiple fronts (in a way that's lacking in Bitcoin), so following that progress seems viable. There are working ERC-20-compatible layer 2 low-fee/instant transfer systems on Ethereum that Brave could use, and Ethereum does have plans being developed for sharding layer 1 transactions which will reduce fees for normal transactions. (Disclaimer: I'm a bit biased toward Ethereum. I think it's more meaningfully decentralized and I own some eth.)

sebmellen 6y ago

This is already the case with Uniswap: https://uniswap.org/blog/ipfs-uniswap-interface/ https://uniswap.org/blog/ipfs-uniswap-interface/. Let's see if the underlying economic models can mature to be viable in the "real world," or at least the digital real world. BAT, for example, made Brave possible, but the tokenomics are bad and basically no one uses it. That said, it is an exciting time, for sure! JavaScript sure has grown from humble beginnings.

christiansakai 6y ago
What is BAT?
- sebmellen 6y ago
  The "native currency" of the Brave browser — you can read more here: https://basicattentiontoken.org/ https://basicattentiontoken.org/. As the URL implies, the name is "Basic Attention Token" for some reason. Didn't really work out, but has a huge marketcap even though no one uses it: https://coinmarketcap.com/currencies/basic-attention-token/ https://coinmarketcap.com/currencies/basic-attention-token/.
  - loceng 6y ago
    Market cap is just a function of multiplying total shares by the last share sell price, no?
    - Acrobatic_Road 6y ago
      pretty much, just replace "shares" with "supply".
  - christiansakai 6y ago
    Interesting
Reedx 6y ago
Anyone know why they didn't just use an existing cryptocurrency?
- jonathansampson 6y ago
  When we launched Rewards (then called 'Payments'), we did so using Bitcoin. During that time, our users would seek to buy about $5 or $10 of BTC at a time. Due to network fees and congestion, these users would pay as much as 90% to fees, and still not be sure when their coins would arrive. This clearly wasn't good for the health and well-being of Brave and Brave "Payments" (now "Rewards"). Our hand was forced, effectively. We needed to pivot to a solution that offered better throughput, with lower fees, or possibly die an early death as a project. Hopping to an ERC-20 token offered immediate relief in both areas, ensuring Brave "Payments" would be able to go on and develop.
  - sebmellen 6y ago
    Hey Jonathan, big fan of Brave, and I meant no disrespect with my comment. Serious question — how does BAT distribution work with ETH fees being in the same range now? Have you considered doing atomic swaps with a network like Stellar for a low fee transaction environment? They have a Metamask alternative called Albedo that you could probably effectively integrate into Brave. I've worked a lot with Stellar and would be glad to help (not shilling, I don't own many XLM, I just know the network well). Contact in bio if you're interested.
    - AgentME 6y ago
      Not him, but there is progress in the Ethereum ecosystem on multiple fronts (in a way that's lacking in Bitcoin), so following that progress seems viable. There are working ERC-20-compatible layer 2 low-fee/instant transfer systems on Ethereum that Brave could use, and Ethereum does have plans being developed for sharding layer 1 transactions which will reduce fees for normal transactions. (Disclaimer: I'm a bit biased toward Ethereum. I think it's more meaningfully decentralized and I own some eth.)