Hacker News new | ask | show | jobs
by magnamerc 2578 days ago
Everyone I tip to is verified. And the BAT sits in an address until that creator does verify. And yeah of course the tips are in BAT, the whole point is to increase the value of the network. Also, people are donating BAT that they've gotten from ads. No one is tipping people with BAT that they've bought with their own money as far as I'm aware.
2 comments
tomstockmail 2578 days ago
>And the BAT sits in an address until that creator does verify.

To my point - you're not tipping the content creator at all until they claim (edit: although as you say, tipping to verified does tip them). Also, these tips that are done with BAT that came with the promotion of Brave is sent back to Brave if they remained unclaimed for a set amount of time. Seeing as Brave has complete control of the tips they can change the rules and take the BAT back at any time.

>the whole point is to increase the value of the network.

This is kind of a pain point, isn't it? Many content creators have established ways to donate (Patreon, Twitch built in methods, Paypal, etc). Why should they opt-in to an altcoin created by Brave? There's no incentive for content creators to "increase the value of the network."

link
magnamerc 2578 days ago
>Also, these tips that are done with BAT that came with the promotion of Brave is sent back to Brave if they remained unclaimed for a set amount of time. Seeing as Brave has complete control of the tips they can change the rules and take the BAT back at any time.

That's true for unclaimed tips. I don't believe they have any control if someone is verified, but I could be wrong.

>This is kind of a pain point, isn't it? Many content creators have established ways to donate (Patreon, Twitch built in methods, Paypal, etc). Why should they opt-in to an altcoin created by Brave? There's no incentive for content creators to "increase the value of the network."

I'd imagine the incentive to grow the network would be more tips through Brave. I don't donate through patreon or paypal since I find that to be a personal pain point. But I will be using Brave. I'd imagine there are others like me.

link
crowbahr 2578 days ago
I've tipped with my own money in BAT. I like the system and hate ads. So I put a small amount of Eth into it instead of cashing out entirely.
link
magnamerc 2578 days ago
That's interesting. Can you withdraw? I was under the impression that withdrawals are disabled for now.
link