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comment by FirebrandRoaring
FirebrandRoaring  ·  791 days ago  ·  link  ·    ·  parent  ·  post: Brave expands Basic Attention Token platform to YouTube

What is a Basic Attention Token, and what is it useful for? I skimmed through the main page and didn't seem to grasp the concept. The tags seem to imply it to be a cryptocurrency.

mk  ·  791 days ago  ·  link  ·  

It's a token on the Ethereum network, currently going for $0.16. The Brave browser has a native BAT wallet, that allows you to pay sites directly or in this case, the video creators. It's a way to do seamless micropayments via your browser without payment providers.

FirebrandRoaring  ·  791 days ago  ·  link  ·  

If even 1% of viewers on YouTube awarded BATs to their preferred YouTubers, the content creators would have no problem operating within the infrastructure.

Suppose the person you're donating to does not own such a wallet. How is the payment processed then?

mk  ·  791 days ago  ·  link  ·  

I don't believe that you can earn BAT without a wallet. I've thought about adding it for Hubski as an alternate means of donation.

FirebrandRoaring  ·  791 days ago  ·  link  ·  

So, BAT is currently useless for the majority of active YouTube content creators. It's one thing if you can't donate it because you don't own the wallet. It's another to not be able to receive it.

katakowsj  ·  791 days ago  ·  link  ·  

What am I missing here? Wouldn't every content creator be best-served to go out and get a wallet? If I was a content creator on you-tube, I'd put this on top of my day's to-do list. Inability to receive payments fixed, right?

FirebrandRoaring  ·  790 days ago  ·  link  ·  

Sure, that makes sense. I wonder how many YouTubers of any merit would care (due to Patreon), aren't aware of BAT or simply don't realize how cryptocurrency works and become confused by the whole ordeal.

Patreon pays actual USD that you don't have to exchange at a fluctuating rate.