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0 pointsDrakim6y ago0 comments

You aren't really meant to have a "system" of earning and spending BAT that balances each month.

The budget of BAT you set each month comes from your wallet, and is essentially your personal donation to the various websites you use, it's not related to ads. This wallet can run out in the same way any wallet can run out, and you'd have to refill it.

The BAT you can earn from seeing ads is separate and unrelated to that. Maybe it goes into the same wallet but that's not important.

You can do none of them, one of them, the other, or both, but they aren't really two related features. They both just happen to use BAT as their money mechanism.

0 comments

SamBam6y ago

> The BAT you can earn from seeing ads is separate and unrelated to that. Maybe it goes into the same wallet but that's not important.

I would guess that the vast majority of people would prefer to see their BAT go up when they viewed ads, and down when they paid content creators, and have no more interaction than that. To the viewer, it would be monopoly money, but they'd be happy because advertisers would essentially be paying creators.

The idea that I'd have to actually put my credit card number in somewhere, and think of it as my donations, and advertisers paying me... that's a whole different mindset and has a lot more friction.

DrakimOP6y ago

Fair enough, but I personally use my credit card to pay several content creators monthly on Patreon, I don't see this as being that different.

bilbo0s6y ago

Maybe my misunderstanding was more fundamental?

It sounds like you're saying that people can purchase BAT for their wallets? I was thinking along the lines of the only method of acquisition being basically "view the brave ads".

Can users purchase BAT outright for their wallets?

DrakimOP6y ago

BAT is a cryptocurrency like Bitcoin, so yeah, you spend dollars to buy BAT, and put it your brave browser wallet, and decide your monthly donation budget. This is so that you can choose to support web and content creators online without the needs of ads. Think of it as automatic micro-donations based on your browsing.

The ads are a completely separate feature, you enable voluntary ads to be shown to you, and in exchange you get paid a portion of what the advertisers paid to display those ads. This is in contrast to the most common model we have online today, where you view ads in exchange for using free services like gmail or youtube.

It's likely that these two features both use the same BAT wallet tied to your brave browser, but that's the only thing they have in common.

PKop6y ago

Why would either end users want to put $ into BAT, or content creators accept BAT in lieu of dollar given the massive volatility of BAT relative to $?

If I had stocked up my wallet with $ over the summer, those $'s I exchanged could be up to about 35% less now. We're discussing saving pennies on transaction costs while we lost massive amounts on exchange rate slippage and volatility. This is ridiculously silly, why would creators or users go for this? If you want to say creators will immediately exchange for $, then we must consider trading fees & effort/friction to doing so.

But for users, storing any significant value in a wallet for a more than a day or so is a non starter.

1 more reply

EwanToo6y ago

Yes you can but and sell BAT on coinbase for example

https://blog.coinbase.com/buy-and-sell-bat-on-coinbase-454a7...

j / k navigate · click thread line to collapse

0 pointsDrakim6y ago0 comments

You aren't really meant to have a "system" of earning and spending BAT that balances each month.

The BAT you can earn from seeing ads is separate and unrelated to that. Maybe it goes into the same wallet but that's not important.

You can do none of them, one of them, the other, or both, but they aren't really two related features. They both just happen to use BAT as their money mechanism.

0 comments

SamBam6y ago

> The BAT you can earn from seeing ads is separate and unrelated to that. Maybe it goes into the same wallet but that's not important.

The idea that I'd have to actually put my credit card number in somewhere, and think of it as my donations, and advertisers paying me... that's a whole different mindset and has a lot more friction.

DrakimOP6y ago

Fair enough, but I personally use my credit card to pay several content creators monthly on Patreon, I don't see this as being that different.

bilbo0s6y ago

Maybe my misunderstanding was more fundamental?

It sounds like you're saying that people can purchase BAT for their wallets? I was thinking along the lines of the only method of acquisition being basically "view the brave ads".

Can users purchase BAT outright for their wallets?

DrakimOP6y ago

It's likely that these two features both use the same BAT wallet tied to your brave browser, but that's the only thing they have in common.

PKop6y ago

Why would either end users want to put $ into BAT, or content creators accept BAT in lieu of dollar given the massive volatility of BAT relative to $?

But for users, storing any significant value in a wallet for a more than a day or so is a non starter.

1 more reply

EwanToo6y ago

Yes you can but and sell BAT on coinbase for example

https://blog.coinbase.com/buy-and-sell-bat-on-coinbase-454a7...

j / k navigate · click thread line to collapse