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> there's nothing stopping anyone from taking dollars, Yes, there is. There is a good part of the world where people can not accept payments in dollars, so the
by rglullis 5y ago
> there's nothing stopping anyone from taking dollars,
Yes, there is. There is a good part of the world where people can not accept payments in dollars, so the revenue share program wouldn't work.
Not to mention the tipping system. If they wanted to do with "real cash", they would have to either find a global partner like Western Union (yuck), or partner with PayPal (double yuck) or become themselves a money transmitter (basically impossible)
Granted, what they could've done would be to use another existing token. And they did just that, at first. The first version used BTC. It didn't catch on. It was only later that they did the ICO.
It would be nice if they used a stabletoken, but DAI was launched after BAT's ICO, Tether is poison and USDC is centralized. BAT is not ideal, but there was no better alternative at that point in time.
> terms and conditions set by, you'll never guess it, the Brave developers.
In the ad network that is built-in to the browser, sure. But again, there is nothing stopping a competitor to make another ad network, with a similar structure, which displays ads in their own properties. And if were starting now, what do you think would be easier: to get users to be interested in something that can give them more BAT, or something that would give them a different type of "gift card"?
> in reality isn't going to be adopted outside of the Brave ecosystem.
Why? If no one else realizes that the is possible to use BAT without depending on Brave, then you'd have a self-fulfilling prophecy.
But I could easily argue that this is not really true. BAT is already part of the DeFI ecosystem (accepted by MakerDAO as one of the currencies to provide stability to DAI), youtubers and content creators are getting more aware of it, there are already people providing services that accept BAT as payment, there is a guy selling coffee for BAT... Brave does not control any of it directly.