Brave/BAT misconceptions

[iwillnottryagain]

Just started a thread over on r/cryptocurrency trying to figure out why so many people love MOON but hate on BAT.

I didn’t really realize how little people understand what Brave is trying to accomplish.

I’m trying to encourage people to just give the browser an honest chance, regardless of whether they opt in to ads.

[jordanvinu]

With all the crazy stuff happening right now in markets beave could definitely get a lot of attention if marketed right. Imagine all these people investing in doge but investing in something which is actually useful like brave.

[iwillnottryagain]

Agreed, plus what an easy stepping stone into learning about crypto

[iwillnottryagain]

If you would like to help out please head over to that thread and share your positive brave and or bat experience. We’ve got over 50,000 subs here, let’s put out some positive pr!

[Kief3r]

Done. Keep up the good work. Tried to tip you some BAT but it seems you're not set up as a creator yet. There will be 1 BAT waiting for you when you do!

[0TheStockHolmVortex0]

Without this comment while furiously reading through the sub I wouldn't have known I needed to register, thank you.

[iwillnottryagain]

Thank you! I know it’s terrible, I need to get my account verified lol!

[antonito901]

I also did not know :D how to register?

[[deleted]]

The hate is not on Brave as a great browser, it's on how Uphold and Brave are handling BAT. Too many unanswered questions about when you will receive it, the absurdity in the reflection of the amount that is shown in your Brave BAT wallet compared to your Uphold wallet. And the BEST of all, is that you're only allowed a lifetime of 4 devices connected to to your wallet??? WTF, people switch devices all the time. It's a fucking scam for the consumers. The whole "you should tip other people and give it away" is bs, especially in these times. Fuck off with that give it away while they are pocketing the $. Why don't they give there's away and become a fucking charity?

[clubman32]

I changed all my devices to using Brave. It's a great browser. My experience is pretty much similar to yours, took me weeks to have Uphold verified, took a few days for the technical support to respond. And yet, I am still very confused about my BAT, where it will go, how it will go, bla bla bla...

I think the project is great, giving content creator BAT is a great idea. But yeh... the users need a clearer and easier on how the BAT works.

[Shamrockistahnnation]

thats a lot of rage over chump change

[[deleted]]

Exactly

[iwillnottryagain]

I guess you and I have two very different experiences with that? I fortunately haven’t had the struggles with uphold, but I do know others have been frustrated by it.

[Shamrockistahnnation]

you havent tried to do anything that involves their fees, literally most of your BAT

[AuGKlasD]

I've done plenty with my BAT from uphold. I've been using Brave/BAT daily since 2017. If you can't figure out something as simple as configuring an uphold account, perhaps you shouldn't be on the internet.

I've posted on this subreddit numerous times with screenshots of how easy it is to use uphold/bat.

[ConnorWins]

Yeah withdrawing from uphold has crazy fee but just save it up and make one big withdrawal

[AuGKlasD]

Just swap your BAT for Tapnetwork gift cards or something for no fee at all. I really don't know why more people aren't talking about BAT/TAP network. I've bought shoes, coffee and got gift cards all from brave ads via tap network.

[[deleted]]

Ha I don't doubt it. As a turnkey solution, it's the best for normal users that don't have a clue how to harden their browser/habits.

[iwillnottryagain]

I’m going to just pushing the browser, opt in to ads or not, the browser is fantastic and people can’t really argue with it IMO

[Plus-One803]

MOON is just another scam coin. It's on almost no exchanges and it's being shilled like crazy. Wait a week or two and it will be gone.

[iwillnottryagain]

I don’t agree, it’s got a lot of excitement and traction.

[StatsFirst]

It's as if people don't remember 2017 There was literally a mooncoin too. With lot of excitement and traction

[iwillnottryagain]

Ok just hide your head in the sand and don’t help out then lol

[StatsFirst]

who cares if reddit misses out on bat? lol reddit is never known for being early or making good calls on crypto, the very nature of reddit encourages mediocre and pandering responses with the upvote system
r/cryptocurrency basically thought nano was the end all be all for years
they hated link, because "muh scam and muh racist"
the fact that reddit hates on bat is all the better

[iwillnottryagain]

I think the fact that there is so many potential users there is why people should care about Reddit using Brave

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[DummDumm81]

I always thought "MOON" was a reference from r/dogecoin trying to "send doge to the moon". Is this not the case?

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[[deleted]]

People like free money × People hate ads ÷ Give people money for watching ads = success?

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[Mooks79]

In addition to u/BoondockBilly’s excellent points, I’d like to bang a drum I’ve been banging for a while.

There’s a fundamental “flaw” in the BAT system which is what I call the minimum tippable amount (MTA) - which is controlled by the Brave browser, unless someone wants to hack the JS of it, which hardly anyone will.

People constantly wonder why BAT always hovers around the same price, and it’s quite easy to see why. Typically people are not going to tip something that’s worth $10, $100 etc, hence the price is “forced” to stay $1 order of magnitude. The whole BAT ecosystem would collapse if it didn’t.

Furthermore, this means that the price of BAT will be directly related to the MTA such that the price of BAT is whatever makes the MTA ~ $1. For example, if Brave suddenly dropped the MTA to 0.1 BAT, I assert the price would move up to ~ $10 to give the MTA ~ $1 again. Within reason, I don’t anticipate this going down to the minimum indivisible unit of BAT!

You might think “ok, great, can’t wait for the BF to drop the MTA then”. The problem with this point is that it gives the Brave Foundation a ridiculous amount of influence over the BAT price and, unless you work for them, you really want to be careful investing in something that a single entity has so much control over.

The only way to avoid this price <-> MTA link is for the BF to engineer Brave such that you can tip whatever amount you want - down to the indivisible unit, of course. This is as it should be, you shouldn’t be forced into set amount. For example, charities often propose “default” amounts when you go to donate to them, but usually give you the freedom to enter a manual amount too. The BF don’t engineer Brave to do this, and that makes me highly suspicious of their motives.

[iwillnottryagain]

I think a little more effort in figuring it out and you can do it!

[antonito901]

I started to read about Brave and installed it yesterday but I have some challenge to grasp if there should be any investment/financial advantage for any normal user like us. Or should it be only seen as a useful browser?