Basic Attention Token
Apparently they are working on pay with BAT options. Since the BAT would be going to a merchant and you would be getting an item, digital good it should in theory break the need for kyc. In that type of transaction only the merchant can be the launderer
Do you know if brave will ever allow withdrawal of BAT without KYC? That's my only downside as I don't want to put my ID onto my browser. It just feels weird for me to do. Makes more sense for a content creator. But for someone that just uses the browser and earns BAT for there time and traffic and ads or whatever, I feel like there's no need to know a person's identity to withdraw the BAT. Only because of this I don't feel Brave is a privacy browser. I might be ignorant though and may be missing something
Well we are also still in the infancy. It makes sense to hoard it all when you don't see creators asking for it to support their channel. I have given to creators, but I think its a little premature to be dumping all the BAT I earn to channels that don't even push for support.
No it's obviously not "about tipping". It's the whole process from ad to revenue to content creators without any middlemen. This is less of a tip and more of giving back what you "take" from content creators by using an ad block in the first place. And while I don't have data from brave users in general, the users from this sub seem to be only into earning. This is from the Abstract: >BAT is a payment system that rewards and protects the user while giving better conversion to advertisers and higher yield to publishers. We see BAT and associated technologies as a future part of web standards, solving the important problem of monetizing publisher content while protecting user privacy.
You still need a fiat onramp and offramp. Yeah you can mine crypto and swap to another currency on a dex but then you also have to offramp back into physical cash. It can be done but for most people its easier to just link a bank account and take a picture of your passport. One thing thats cool about Brave though is that I have heard they are creating a pay with BAT button that will allow you to spend BAT without the need to link to an exchange. The KYC process isn't necessary for the user because the merchant would then become the launderer if they did anything illicit.
>The use case of BAT was always to make crypto user friendly and accessible and pay people for their attention. People who may never buy into crypto could get started free of charge and with minimal setup. I have no idea where you get that idea, you should look into the [whitepaper of BAT](https://basicattentiontoken.org/static-assets/documents/BasicAttentionTokenWhitePaper-4.pdf). Brave "fixes" the issue that ads are not only annoying but are also terrible privacy wise. You can simply block them, but by that creators lose their revenue which is a problem for small content creators. Brave removes the middle man needed to personalize ads and share the revenue with the content creators.
People seem to forget that this is the main tenet of business. If you aren't making a product or service people love then you probably aren't going to be around for a long time. Brave surviving the 2018 bear market and coming out stronger is a testament to a great product. Brave/BAT is definitely a sleeper in the crypto market that I think is going to start to really shine soon.
It was pretty easy to do when I set it up. Don't expect to make much or anything unless you put yourself out there though. Its cool to see it in action though. Just a few clicks and you can send or receive some BAT and you have a new balance when payouts go through.
Yeah one of the big issues with creator payouts is that people expect to turn it on and have BAT flood in. It could take a while or it could never happen at all, but its definitely a better model than having your supporters using an adblocker and then asking them to pull out their credit card to support you.
The use case of BAT was always to make crypto user friendly and accessible and pay people for their attention. People who may never buy into crypto could get started free of charge and with minimal setup. The goal of BAT was always to expand into a broader use token for things like one click payments and other use cases. The tipping function was meant to give users the option to fund creators they liked. There were basically three options. Use chrome without adblockers and content creators get funded by ads, use an ad blocker on any browser and users get nothing, or use brave and have the option of funding content creators. Most people have opted into the zero sum ad block option. Brave at least gives some options. BAT's main use case being a tipping coin is just a small part of the top of the iceberg. It goes much much deeper.
I'm a big fan of BAT. I stumbled onto Brave browser early into Crypto and as a creator/influencer, I signed up not expecting anything, yet get a steady little stream despite how young the scene all is. Brave needs more promo as its great browser regardless of BAT.
Theres only and will only ever be 1.5B tokens. With 56m users currently you already have more BAT than most people will ever be able to own. Theres only enough BAT for each user to have 26 BAT if the supply was spread evenly. Keep stacking ;)
The comparison between BAT and Moons works perfectly because they're both reward tokens. Reward tokens hardly ever pump independently from the rest of the market so it's best to swap them when you get them for other things with much more potential. I swap mine and use the funds for DeFi since the high risk/reward is less risky with free money.
Assuming Brave can take 10% of the digital advertising market is absolutely insane. Google is still the most recognizable name and most people will use chrome over Brave. Additionally, that advertising spend is also in FB, twitter, Instagram, and every other large social media platform. Brave would be lucky to get .1% of that ad spend. Additionally, as the price of BAT increases, the amount of rewards you receive per ad will decrease, so I’m not sure the logic follows. I still think it has room to grow and I’ll keep my earned BAT in Gemini earn, but I’m not counting on it having crazy gains. I’d be happy if I can use it to buy a ledger or yubikey for friends and family who hold crypto on an exchange.
Interesting read. But you forgot to even mention the use case I highlighted in the first paragraph of my post above. That's BAT only major use case and it's a solid one. Furthermore, the tipping is just a product of the use case, not necessarily a use case. Plus viewing Ads is optional. I'm not sure why you will compare BAT to moons and Brave to r/cc. They're planets apart. Brave is a Browser and a Search Engine like Google and Google Chrome using BAT as Ads currency while sharing revenue with its users. The other "underhand dealings" you mentioned are an entirely different topic.
#BAT Con-Arguments Below is an argument written by Cintre which won 1st place in the BAT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # BAT token, is it really that fang-tastic? > > In the crypto-space, almost everyone knows the Brave browser and the reward token we get from getting ads on it, BAT. I've personally used Brave for almost a year now, and while I do enjoy the browser, the token on itself may not be a necessity for the crypto-space. > > While Brave browser main argument is privacy will also need to KYC to withdraw any BAT from Uphold or Gemini, this contradict the main purpose of privacy of the Browser itself. This can also imply that BAT is not a privacy token **AT ALL.** All BAT comes from people who completed KYC, making it completely traceable and very contradictory to the whole "privacy browser" argument. > > But some of us may enjoy the Brave browser ad-free, this is ending very soon according to [Brave website](https://brave.com/search-and-web-discovery/), and I quote: "Brave Search is currently not displaying ads, but the free version of Brave Search will soon be ad-supported. Brave Search will also offer an ad-free Premium version in the near future." Forcing the user to view ads, even if they don't want to, even if you opt-out of BAT. > > Tipping culture is also not something Humans really enjoy. We're more hoarders than anything else and while I have found literally zero data on how many BATs are tipped per month, I'm sure we could make a good assumption that most BATs earned are not tipped. We could make a comparison with our r/cryptocurrency moons as both are mostly meant to be tipped and to support good content. According to [ccmoons.com](https://ccmoons.com), approximately 252k moons were tipped, while 77,875,740 were distributed, a whooping 0.32% of moons were in fact tipped. I'm sure the BAT browser tipping stats are not far from this, if not even lower. > > In conclusion, the BAT token may be a good inquisitive for the Brave Software Inc. to attract more users, it is not as attractive as it may seems, their token contradicts the main purpose of their browser, *privacy*. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yqq/coin_inquiries_round_bat_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_basic_attention_token) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).
BAT pros and cons and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit an argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Coin Inquiries category are: **1st - 300, 2nd - 150, 3rd - 75, and Best Analysis - 500.** --- To submit a BAT pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdc4/coin_inquiries_basic_attention_token_proarguments/). | To submit a BAT con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdet/coin_inquiries_basic_attention_token_conarguments/).**
I love the idea of social tokens, and have been using both BAT and Moons to tip other users, but the problem is that once they get value, people stop using them as intended and start hoarding them.... invalidating their own existence :(
BAT (basic attention token). Tip users on Reddit, YouTube, and other sites anonymously for their comments and videos through the brave browser. Compensate users for opting into privacy preserving advertising (they can't collect your data, so they can't sell it)
On the bright side one of the nice things about crypto is that play/browse to earn/earning crypto like BAT/GODS could be lucrative depending on how well the project weathers the coming winter. Anyone have any other nice recommendations?
People like to hype crypto more than it actually is, some of it have no use to regular joe right. Some don't even have a use.The useful stuff aren't even in the top 10. 99% just useless trash. Some that I personally use are: BAT - Brave block most ads but in some cases they show you ads while also giving you a fraction of a fraction of a fraction of a penny which you can accumulate and donate to a creator of your choosing. BTT - I often on the high sea to torrent stuff, now I get paid to SEED it albeit a fraction of a fraction of a fraction of a penny. None of what I mentioned are particularly useful, heck they aren't even crypto projects, just projects that happens to have a crypto component.
I'll play and name my bags. XRP has utility for financial institutions to move money around quickly and easily. BAT is a way for the target audience of advertising to be compensated for their eyeballs. BCH is a peer to peer electronic cash which BTC isn't. XMR is a powerful privacy coin, and it's only flaw is how easily it sinks in the ocean.
It'll get to 50c someday. If BAT is worth $1 MOON can be justified at 50c. Problem is that if/when mainnet, there will need to be a whole lot more to satisfy the needs of all the subs, so the max supply will prob get swallowed into a bigger pool where all the subs have a similar max supply and moon is just 1 basket asset of the umbrella reddit crypto.
Well wtf is crypto? You need to be specific my man, there are like 20k of them. Most of them are just nonesense. You need to ask about what application or utility it might have. In my case I have some Bitcoin for the store of value and alternative to the banking system. And yes it works for that in the medium to long term due to the supply shock of each halving. It hasn't failed for me. Other than that, I use Brave browser a lot and get paid in BAT for allowing the them to display ads. That's a solid use case as part of the ad revenue goes to you instead of a company like Google or Facebook. I get about 30 dollars a month from it. Not gonna get rich (and also don't care about that) but it feels more fair to get some compensation from the ads that you get showed. Btw, the comments are just filled with buttcoiners trolling. Ignore those geniuses, they thrive in bear markets.
Users being able to monetize their data rather than be used for monetization is a big one. The primary example is Brave/BAT where you can opt in to earn a small amount for being served ads rather than just having your data recorded and sold, which is what Chrome does.
BTC/ETH (Majority) - I think these two should form the corner stone of your portfolio. BAT, HNT, UNI, and GLM (Golem) 1/2% (each) of portfolio - basically tokens that have utility Thinking of adding a ETH competitor or adding DOT and ATOM at some point.
Here's what I plan to buy in terms of weighting: Biggest bag: ETH Medium sized bags: ADA, DOT Haven't yet decided between medium or small: LINK, SOL Smaller bags: BAT, CTSI, ENJ, EFI, GRT
After this UST/LUNA fiasco I just wanna take a moment to express gratitude for my BAT tokens. True, BAT may never make it to the top 10 or even 50, but it fits in nicely with my lifestyle, provides passive income reliably, and most importantly, protects me against scams
Same here. I'm down 70% over the lifetime of my CC investments (~1 year), but it's in coins that I think are going to come back / have actual use cases (ETH, BAT, and Rally which I admit is a bit of a gamble but it's more of a "I like this idea and want to support it" and not what I bank my retirement on). And, my primary investments for said retirement are in 401k / index funds, diversified -- as are yours -- that I won't need or touch for decades. The losses are primarily paper, and won't become real until I withdraw... Or unless the underlying coins / companies go under. So, do you need those funds sooner than 10 years? (Then you shouldn't have invested in volatile instruments, i.e. any crypto right now, "stablecoin" claims be damned. Take it as an expensive lesson learned and put the funds into CDs.) Do you think the underlying companies or coins you've invested in have a reasonable chance of going under? (If yes, then withdraw into projects that you're 99% sure won't.) If, however, you answer no to both of those questions... Take a deep breath. You're doing everything right. Continue to invest what you don't need in the short term. As an example, my toddler son's 529 is sitting at a 17% loss year to date, but if you widen the window, it's actually seen 6.4% returns since inception 3 years ago -- and I don't need those funds for another 15 years. I think the market will not die to apocalyptic levels in that time, so I feel like I can continue to steadily invest. Hell, I just increased the contributions to all investment instruments I own -- CC, stocks, and all -- to take advantage of this. So, keep to the long game, and STOP LOOKING AT PERFORMANCE. You won't get moon-money, but you'll be laughing all the way to the bank in 17 years vs some of the others chasing impossible quick wins in CC.
I like the browser but honestly the whole idea of BAT and creating an attention based economy seems to be pretty dead at this point. Seems like they should just rename the token to Brave token and focus on the browser and some services around the browser
I'm sure SOL, ADA, Algo, DOT, LINK, MATIC, MINA and even BAT will survive. AVAX will likely survive as well, despite the Luna debacle. Basically i believe in innovation and use case. Sure XRP and LTC will survive as well but they won't outperform or reach new ATH's in the next bull market, unlike L1's, now with huge ecosystems and strong fundamentals.
Imho, what BAT needs is other browsers taking on the tipping-feature using BAT. If the entire ecosystem is based on everyone picking the same browser, it's likely not going to be very big. The vast majority of users sticks with the browser that is pre-installedon their system. If Microsoft, Apple and Google jumped on board though... that'd be a catalyst for gains...
It touched $.29 briefly and the last time it was that low they had 20m users. They are close to 60m now. Crypto is notoriously bad at evaluating investments. Everyone wonders why the top 100 gets flushed out every couple years despite pushing vaporware to insane valuations. Brave will continue to grow and one day reddit and crypto twitter will all catch on to BAT, and when they do they will run it up way past a normal valuation. Its the natural order. I would honestly be worried if more people in this thread were talking about BAT because it would mean its overbought. I know to avoid the tokens listed. Nano and Omg were the crypto darlings in 2018 that were going nowhere, and nowhere they went lol.
BAT will probably be fine. While it isn’t a huge deal, it has a use, has demonstrated that the use case is solid enough, and has had enough involvement from companies wanting to promote. From what I can understand about the coins that died in 2018, a lot of them didn’t *do* anything. ADA will probably survive simply because it already has in the past. Inertia means a lot. The only one I hold that I don’t know what it’ll look like is ALGO. I don’t think it’ll disappear, since the foundation is pretty committed, but that just means they’ll continue to work on it, not that the price will recover.
Thanks for noticing! I was curious to hear the reaction about BAT. Personally I think it has a ton of room to grow - never mind being first mover in disrupting the advertising industry, ask anyone who uses Brave and they will tell you they're never going back to a different browser, BAT or not.