Re:Brave expands Basic Attention Token platform to YouTube
by Ajedi32 on Friday November 17, 2017 @01:27PM
(#15724602)
So your concern is the inefficiencies introduced by creators who never claim their cash?
If the tokens were automatically returned to the consumer after a period of, for example, 6 months or so, and redistributed to creators via the usual method, would that alleviate your concerns?
Re:Brave expands Basic Attention Token platform to YouTube
by joshuamorton on Friday November 17, 2017 @01:33PM
(#15724665)
Some, although not all. My concern is that doing that shouldn't be possible if the platform is decentralized.
Re:Brave expands Basic Attention Token platform to YouTube
by Ajedi32 on Friday November 17, 2017 @01:38PM
(#15724717)
Of course it's possible. Etherium, for example, would make that sort of thing trivial.
Re:Brave expands Basic Attention Token platform to YouTube
by BrendanEich on Sunday November 19, 2017 @02:06PM
(#15735322)
BAT white paper and roadmap aim at full decentralization. Ethereum is not ready yet, either on scalability or anonymity via ZKP. We're working in phases using ZKP off chain accounting and single-monthly-transaction on, no fingerprint of users or their supported sites.
Re:Brave expands Basic Attention Token platform to YouTube
by octalmage on Friday November 17, 2017 @02:05PM
(#15724979)
The token is an Ethereum token, so it's totally possible to do it in a decentralized way using a smart contract.
Re:Brave expands Basic Attention Token platform to YouTube
by kbenson on Friday November 17, 2017 @02:36PM
(#15725288)
We're moving this into a whole new realm of problem then. Ethereum smart contracts have been shown as at the very least possible to get wrong by coding incorrectly, at this point multiple times.
I'm not sure taking a straightforward and easily reasoned about process that the courts could easily handle and moving it to something enforced by a programming language subject to bugs that are largely unable to be handled by courts is necessarily a step in the right direction. At least not until there's a lot more vetting of Ethereum and a much better and more secure ecosystem to call upon.
And my point is that such a system is unsustainable, due to asymmetry of work.
Lets start with a few things that we can know are true:
1. In any system of patrons and artists, an artist will have more patrons than a patron has artists, or the system is unsustainable.
2. I could create a competitor to Brave, "Fearful", tomorrow. So could anyone else.
As a creator, its possible that every single patron of mine will pay me through a different service, I then need to register myself in all of them, and either manually, or via a middleman, convert the disparate currencies to my preferred one. But, because there are so many different payment methods, its likely that the long tail isn't worth my time to receive payment from. Systems that accept payment on behalf of someone else and require work on the part of that party to receive the payment create this loss.
On the other hand, even if every creator has their own payment platform, there's no loss. Patrons simply don't pay the long tail of the creators that they use, and instead only make payments to the ones they appreciate the most.
iow, asymmetry means that creator-focused services are the only ones that can be successful except for very niche groups. So, if your goal is to support blockchain tech, Brave is great. If on the other hand, your goal is to get paid by patrons, its not.