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Brave expands Basic Attention Token platform to YouTube

(basicattentiontoken.org)
321 points Helloworldboy | 2 comments | 17 Nov 17 14:45 UTC | HN request time: 0.001s | source
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tlrobinson ◴[18 Nov 17 04:38 UTC] No.15727776[source]▶
What is the technical advantage of Brave using a new token like BAT instead of directly using an existing cryptocurrency like Bitcoin that millions of people already hold, and will likely be less volatile in the long term?

I feel like a lot of ICOs are simply used to try to capture a piece of the cryptocurrency/ICO hype and avoid securities regulations, but there’s no advtange to users.

replies(2): >>15730148 #>>15735081 #
1. RoboTeddy ◴[18 Nov 17 18:55 UTC] No.15730148[source]▶
I don't see a technical advantage either.

But I wouldn't say there's no advantage to users-- an ICO can let the founders (a) raise funds, and (b) give them a financial incentive for the project to succeed.

So in theory, ICOs can help users win because they can lead to great products that otherwise wouldn't exist. (That said, a lot of teams/projects are total junk.)

replies(1): >>15731938 #
2. tlrobinson ◴[19 Nov 17 02:35 UTC] No.15731938[source]▶
That might be true in some cases (Brendan Eich, though?) but making your product more complex for the user just to raise easy money seems like a poor trade-off.

On top of that many ICOs seem to have unjustified valuations and reduced oversight from investors vs traditional fundraising.