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As a recent Brave convert, I was skeptical of Brave for the same reason.

I switched to it from Firefox (after switching months ago from Chrome) due to Firefox being slow, tabs repeatedly crashing, UX disharmony, and the recent cert addon debacle.

Brave's ad proposition makes sense: the internet is inundated with ads, which is unpleasant, but free websites do need to survive. So, make the ad landscape nicer on an opt in basis.

They take privacy seriously. I'd recommend it.