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.
christophilus|3 years ago
Anyway, BAT seems like one of the more useful cryptos I’ve seen. Granted; that’s a very low hurdle.
TedDoesntTalk|3 years ago
rglullis|3 years ago
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.