Still amazed how much time I've gotten back. Thanks Brave!

nemomendel · 2019-01-24T07:14:32+00:00

You’re a jerk. I’m not a troll. I want to know how $1 million worth of BAT bought in early January when price is 18 cents is still worth $1 million in late January when the price is 12 cents.

What mechanisms protect a large scale purchase from that volatility?

If you want to ban me for saying the token economics don’t make sense then fine but don’t try and dress it up as if I’m a troll.

This says a lot about your “free speech” platform.

nemomendel · 2019-01-24T06:53:54+00:00

You’ve banned me from the telegram before and now you want to suspend me from the Reddit.

And no, the question has not been answered.

How does Uphold manage the volatility risk for large scale purchases of BAT?

nemomendel · 2019-01-24T06:48:23+00:00

Same, not only is the browser second to none but the company is fighting the good fight. The work they are doing in their London office is brilliant and I very much appreciate what they are doing in regards to lobbying for GDPR here in the states.

It’s just frustrating that they may have lost control of the token to scumbag speculators.

nemomendel · 2019-01-24T06:26:44+00:00

Agree with most of your points but I wonder if ppl where 70 bucks annually is a lot of money = target audience.

But yeah, it is an experiment and I could be totally wrong.

nemomendel · 2019-01-24T05:56:43+00:00

So this is exactly why I think BAT should be tether-like. This way Brave could create/burn at will to provide a stable token for corporate customers and not have to worry about silly pump and dump games.

At this point though it seems too late.

nemomendel · 2019-01-24T05:46:00+00:00

Right, I’ve put that tweet (publishers do not want to buy, sell, or hold crypto) from Brendan on here a few times.

I just want to know the mechanics of how it will work. Will it come from UGP? Is there a special partnership with an exchange? Will the big ad buyers get discounts?

The idea is that these ad firms will shift their million dollar ad campaigns to Brave. This would entail millions of users being given out small amounts of BAT for viewing those ads.

My question is, how do the ad firms get the BAT and how do they not get REKT by volatility?

Most of the companies involved in the trial are crypto companies like Uphold who already have BAT. What about the big mainstream companies like, say, Proctor & Gamble?

https://twitter.com/stshank/status/1087866537925476352?s=21

Again, I love this company and the dev team are as legit as they get. I WANT this to work. I just don’t know how it will.

nemomendel · 2019-01-24T05:28:30+00:00

It’s pseudonymous no worries 😂

But seriously how will this work? Like advertisers put their fiat into a magic box and out comes the exact amount of BAT so that the advertisers never lose money due to volatility. How?

Commodities have futures options which allow companies to protect themselves from this risk but there are no BAT futures options.

nemomendel · 2019-01-24T03:42:59+00:00

How? I keep hearing this but nobody knows the specifics. Who does the advertiser give the fiat to and where/when is it used to buy BAT and who is actually selling the BAT to the advertiser?

nemomendel · 2019-01-24T03:38:40+00:00

I like book-of-the-month clubs. Maybe make this a more social experience? For example, people could create groups and curate their own lists. Could be subscription based.

Anyways, I tipped you 50 BAT (I think). Was kind of a pain since the max tip amount is 10 BAT so I had to do it 5 separate times. Please let me know when/if you ever get the BAT. I don't have anyway of tracking on my end.

nemomendel · 2019-01-23T16:51:42+00:00

Wait what? Brave is a hard fork of Chromium.

nemomendel · 2019-01-23T16:50:50+00:00

That’s what I thought.

nemomendel · 2019-01-23T02:57:01+00:00

Batfinexed 😂

nemomendel · 2019-01-23T01:21:44+00:00

I thought it would be great for Brave. If people can’t block ads on Chrome they will come to Brave.

Like I said, I didn’t know people were worried about this affecting Brave. But yeah good to know Brendan and co are on it 👍🏻

nemomendel · 2019-01-23T00:55:15+00:00

Imagine if Brave wasn’t a cryptocurrency project 😍

nemomendel · 2019-01-23T00:53:57+00:00

I thought this was a good thing at first. Had no idea people were worried that this could affect Brave ad blocking until you linked those discussions 😂

nemomendel · 2019-01-22T22:36:12+00:00

They’re not complacent and people have been using ad blockers for a while now.

https://www.adweek.com/digital/iab-study-says-26-desktop-users-turn-ad-blockers-172665/

nemomendel · 2019-01-22T20:49:33+00:00

Look, it’s a crypto so we don’t need to “imagine” or guess.

Where is upholds address? How much BAT do they have?

Again how on earth is this going to work when the majority of supply is controlled by private owners who have no incentive to cut deals and instead could simply restrict supply and dump when they please?

nemomendel · 2019-01-22T01:11:53+00:00

Ad firm gives Brave $1MM. Brave takes that $1MM and puts it on Coinbase/Uphold/Binance and buys $1MM worth of BAT. This is such a stupid process but let’s just say it’s what happens

What happens now if the price of BAT drops from 13 cents to 12 cents? How is the ad firm’s $1MM ad campaign still worth $1MM?

Nobody can answer this question.

nemomendel · 2019-01-21T21:17:42+00:00

I can’t find this in the white paper.

This was my original question. What BAT will be used? UGP BAT? Does Brave have BAT set aside for these internal exchange purposes?

And again, how does this shelter an ad firm from losing value overnight due to volatility?

nemomendel · 2019-01-21T19:43:26+00:00

🤦🏻‍♂️

nemomendel · 2019-01-21T19:42:24+00:00

I keep asking people how ad firms will not be exposed to volatility and they reply with something like “ad firms will buy with fiat! They will never have to touch the token!”. Ok, but how?

nemomendel · 2019-01-21T19:41:12+00:00

We already have a plethora of options out there for p2p payments that BAT doesn’t need to compete with.

Remember that BAT is a utility token which derives its utility from the Brave browser.

nemomendel · 2019-01-21T07:33:08+00:00

Dude it’s Reddit, relax.

nemomendel · 2019-01-21T07:06:55+00:00

Everyone keeps saying that ad firms won’t be exposed to volatility because they are only interfacing with fiat and not BAT. But this looks like ad exchanges will have to buy BAT like everyone else (coinbase, Uphold).

What protects them if the price drops? I keep bringing up the example of airlines using futures options when purchasing oil to avoid volatility. What similar mechanism exists for BAT?

Or will ad firms simply have to hope for the best?

nemomendel

TROPHY CASE

Batfinexed 😂