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I never really understood the crypto stuff. BAT isn't mined on the computers of people who use brave, right? so why is it even a cryptocurrency at all, couldn't
by asddubs 4y ago
I never really understood the crypto stuff. BAT isn't mined on the computers of people who use brave, right? so why is it even a cryptocurrency at all, couldn't they just essentially use a non-coin solution? aka a bunch of integers in a sql database
- jacooper 4y agoI never cared about BAT, I just realized its was centralized on top of ETH and then just stopped caring. I immediately disable it and anything related to crypto and I just forget about it.
- rglullis 4y agoThe official story is that Brave runs a revenue share program, so if they wanted to use "real money" they would have to be a licensed money transmitter. To sidestep the regulatory issue, it is much easier to use a cryptocurrency for the payout and punt all the KYC/AML requirements to a crypto exchange. "Why BAT and not just use another existing crypto?" Well, they tried! They started with Bitcoin, but no one wanted to use BTC to tip or contribute, which is kind of a problem if you want to build an alternative monetization strategy for content creators.