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by ignoramous 2112 days ago
Congratulations on the launch!

How does this contrast with Brave Attention Tokens (not technically, but how different is it product-wise)?

How do you solve the problem of an average Internet user having to setup a bitcoin-wallet etc; Is it seamless / friction-less for them?

Do these micro-transactions count as donations?

What kind of attack vectors do you foresee especially when the user is an average reader and might not be particularly tech savvy? How do you plan to overcome them?

Did you consider stellar.org as possibly creating your own coin? Or, is something of this sort on the roadmap? This would be exciting since, if whatever Brave was doing with BAT was made opensource and deploy-able to any and all browsers, such a product could take off, imo.

Nevertheless, I think you're aiming for simplicity above all else. So, keep at it.

1 comments

Thanks :) In terms of our difference with BAT, we are much simpler. Content creators set their price and users pay, we dont track the amount of time spent on a site, we dont make a browser, we haven't created our own coin. It takes 5minutes for a content creator to add the paywall, as easy as adding a script tag. We hope to bring micropayments to the masses, having the option to view an ad hopefully solves the chicken and egg problem as users dont need to convert to micropayments straight away for creators to make money.

To make the process are simple as possible for non-crypto users we are working on a browser extension/app which will act as a wallet and autopay to create a seamless experience. We are working to integrate with an exchange so that users can top up straight from their credit cards and don't need to know anything about Bitcoin.

I guess the biggest threat for the user is the wallet/extension being drained. We recommend users don't store lots of money in there, but given that we are dealing with micropayments there shouldn't be need for high amounts anyway. Giving users more control comes with more risk, but that's the tradeoff and we aim to help educate on ways to mitigate these risks.

We use Bitcoin Lightning Network as it lets us do micropayments without tracking users, we aren't interested in creating a coin or doing an ico.

Thank you for your feedback