[crimsonalucard]

Did you read the article?

Inventing a currency out of thin air so they can mint as many dollars as they want and you and other geniuses can form a secondary market where all of you can trade it is the genius of brave and the point of this article.

Instead of paying you, they make their own currency and pay you. You can make some money off of it in the secondary market because some other idiot thinks it's worth actual money.

[Proziam]

So, cutting through your negativity, it's worth money? Whether or not you like it is one thing, but it inarguably has a monetary value.

[crimsonalucard]

Yeah it is worth money. Similar to how heroin is worth money.

You know what else inarguably has monetary value? A perfect one to one copy of an american 100 dollar bill. This absolutely has monetary value and therefore you should buy it, just like how you should buy crypto.

[ikt]

> Yeah it is worth money. Similar to how heroin is worth money.

I'm not sure how you integrate a distributed heroin based system into a browser.

[crimsonalucard]

No buddy this is called an analogy. Meaning some things are similar but other things are not. Through average human intuition and intelligence you can derive that I'm not comparing the physical nature of heroin to the abstract nature of crypto.

What I am comparing is the illegitimacy of heroin to the illegitimacy of the crypto issued by Brave. I am sorry that you were incapable of deducing this. But now with this simple explanation of the nature of an analogy you get it!

[hedora]

I hope you don’t own any stock.

If you do, I’ve got some bad news about people making their own currency.

[crimsonalucard]

If a bank gives me a note that says this piece of paper represents the amount of money you have in the bank, this is not producing currency out of thin air.

If a company issues stock and says this piece of paper represents a percentage of the company, this is also not producing currency out of thin air.

If I print out american dollars that don't represent anything and start trading those dollars in the capital market then I will go to jail for counterfeiting. This is 100% producing currency out of thin air.

But wait, change that american dollar to crypto, then everything is legal. This is because crypto represents high technology and buzz wordy concepts. Everybody knows that buzzwords makes everything legal and right.

[codehalo]

They didn't make their own money. It was raised in a token sale. Kinda like a stock IPO. How HARD is this to understand on this "tech" site?

[crimsonalucard]

It's pretty hard to understand something that's wrong. So in a stock IPO the stock represents a proportion of the business. You're saying that those cryptos represent the company? If the company liquidates I can exchange the crypto for the liquidation proceeds? Yay or nay?

This is a "tech" site, no stupid people exist on a "tech" site because of the word "tech," so everything you say must be 100% correct and infallible. Makes sense.