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Honestly I’m glad to see some disruption in the web advertising space. I’m not sure I understand Braves claim about “sharing revenue” with rewards users. Rewar
by rank0 5y ago
Honestly I’m glad to see some disruption in the web advertising space.
I’m not sure I understand Braves claim about “sharing revenue” with rewards users. Rewards users are getting paid in BAT no? I assume Brave is getting paid in USD. Do they have an arbitrary treasury of BAT tokens? It seems like Brave isn’t sharing any revenue if they’re paying out in tokens they created. Can’t they just create more BAT tokens or switch to BAT2 whenever they please?
I am genuinely confused here and would love to be enlightened.
- BrendanEich 5y agoBAT is capped by its genesis contract at 1.5B tokens, we can't make any more. It has broad and deep liquidity. Most ad buyers pay in fiat, but some pay in BAT, USDC, etc. When paid not in BAT, we take 70% of the gross revenue and buy BAT with market orders, to send to users as their ad revenue shares. See https://brave.com/transparency https://brave.com/transparency for these purchases. This makes a buy side for the ecosystem (there are others coming up). See also https://www.reddit.com/r/BATProject/comments/psnn6o/first_2m_month_for_braveinitiated_bat_purchases/ https://www.reddit.com/r/BATProject/comments/psnn6o/first_2m.... HTH
- BrendanEich 5y agoNeedless to say (I hope, but hostile and skeptical folks here), when the ad buyer does pay us in BAT, we send 70% directly to the rewards users based on anonymous confirmation protocol (blind signature certs; putting on a fast blockchain via THEMIS soon). That is to say, we always pay the opted-in rewards user 70% of gross.
- rank0 5y agoThanks for the reply! I appreciate you taking the time to respond to comments like mine. I tried brave several years ago but it seems the ecosystem has developed quite a bit since then so I’ll give it another go.