Re:Brave expands Basic Attention Token platform to YouTube
by BrendanEich on Sunday November 19, 2017 @01:47PM
(#15735214)
We're not taking donations, and there's no requirement the recipient be a charity. This is a user-driven contribution system, users decide to opt in, hold custody of tokens, and let browsing automation + any manual pinning or adjusting the like drive the tokens to creators.
If creators don't register after a decently long interval, the tokens flow back to the user growth pool. Users may choose to support only verified creators/publishers. As we scale up this user growth pool "powerball" effect goes away, and the BAT becomes more dear vs. fiat, so the pool lasts longer as grants and matching scale down in token quantity per user.
Re:Brave expands Basic Attention Token platform to YouTube
by ucaetano on Friday November 17, 2017 @02:35PM
(#15725277)
> and then depositing those donations in your bank account until the charity you supposedly collected for comes and asks for them.
and then not depositing those donations in your bank account until the charity you supposedly collected for comes and asks for them.
Probably a typo :)
This isn't analogous to collecting donations for a charity and then making a bulk donation. It's analagous to collecting donations for a charity, taking a cut of those donations for your troubles, and then depositing those donations in your bank account until the charity you supposedly collected for comes and asks for them.