I don’t use it, but if I did, I’d convert it to USD every month, so in your scenario, I’d end up missing out on my final month of payment. Not too shabby for zero work on my part. The only people who would lose their money are those who never cashed any out.
Anyway, BAT seems like one of the more useful cryptos I’ve seen. Granted; that’s a very low hurdle.
It's not. The BAT ecosystem is pretty much the only crypto project that is injected with "real money". It comes from the advertises that want to buy space in Brave's own ad network. For every dollar that an advertisers pays to Brave, they give 70 cents to the users.
The payouts are calculated in USD, not in BAT. BAT is only used because it is the "easiest" way to send money to users without getting banks from every corner of the world involved. If you want to cash out the BAT, you need to go through the KYC with one of the partner exchanges. But if you just want to use the BAT to tip other users, no KYC is needed.
The ads from Brave are completely private - your browser downloads the whole inventory, the ad-matching is done in-device, and a separate service is responsible in validating double-blind signatures to count for your ad views.
Yes, the Brave browser removes a website’s adverts, and injects its own ads into webpages using a man-in-the-middle attack. It’s sketchy, grubby behavior, and is the reason why websites are starting to block the Brave browser.
I notice the BAT cryptotoken has lost lots of value recently. Perhaps that’s why there is lots of desperate Brave spam recently.
> Yes, the Brave browser removes a website’s adverts, and injects its own ads into webpages using a man-in-the-middle attack
That is simple FUD. No ads are put into the webpages. The ads from Brave networks are displayed via the OS notification system, and they are opt-in.
You repeating this lie in multiple threads is not going to make it true, and spreading this kind of misinformation says more about you than those you are criticizing.
I request a webpage. Between the webserver and my screen, the page is injected with unrequested ads. The page has been hijacked by the browser itself. This is indefensible, full stop. It’s not 1998.
I am sorry to read that the value of BAT has fallen 80%. Sorry for the “greater idiots”; the vulnerable people who were persuaded to take part in the Brave/BAT scheme, and who have lost their life savings. And I have only contempt for those that exploited them.
No, they are not "unrequested" (sic). The ads from Brave are opt-in. If you don't want to see ads to receive the rewards, simply don't turn them on.
No, there are no "vulnerable people being exploited". No one needs to pay to participate in the rewards program. Those receiving ads are merely cashing in monthly $3-$10 rewards paid in the token, and go on with their day.
No, no one "lost their life savings" because they participated in the BAT rewards program or because they used the browser.
All your comments regarding the functioning of Brave and BAT rewards are bordering libelous. Can you please at least get one fact straight, or do you just want to throw more unabashed lies around?
Anyway, BAT seems like one of the more useful cryptos I’ve seen. Granted; that’s a very low hurdle.