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by BrendanEich 2748 days ago
If you use "rent-seeking", you need to know what it means. I do not believe that you do know what it means. Economists use "rent" to denote extraction from existing wealth. https://www.investopedia.com/terms/e/economicrent.asp

Brave adds wealth by pricing users back in from the start (via a genesis block of tokens we give to users and referring creators), and by blocking inefficient, dangerous intermediaries (cut out the middlemen, as Marx said) for a much more efficient market.

Those intermediaries are the _grands rentiers_ today, and yet all but Google, Facebook, Criteo, Amazon, and a few others are dying. Ad/tracker-blocking is a user right but it alone cannot explain the walking death of most intermediaries in the Lumascape.

Rather, too many intermediaries arbitrage and abuse data. This induces not only the ongoing rise of ad/tracker blocking by users -- it cuts off residual revenue to publishers (who make <40% off of programmatic ads in practice, sometimes <20%), who also want fewer hands in the till. Arbitrage always goes away (till next opportunity). The data misuse causes ongoing rifts and scandals. GDPR and laws like it are icing on the cake.

If you are party to the existing Lumascape of ad-tech vendors, your post is projection and I suggest looking honestly in a mirror to see "rent-seeking". If you're calling Brave rent-seeking out of some irrational animus, take a closer look at the product itself, and let's reason together.