Basic attention token is a scam...

Apr 8, 2018
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#1
What if I tell you Brave has the power to manipulate the monetary supply of Basic Attention Token?
Sounds crazy right? You think the total BAT amount is capped at 1.5B.

If you look at their profit model
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Holy 💩 this is great, and Brave only takes 30% on advertising revenues in BAT, and give users 15% to reward them for watching ads. Advertisers can only buy ad spot using BAT, ensuring the value of BAT will rise according to the growing advertising volume.

But what you're forgetting is users are dispersed and decentralized, but Brave is centralized. The amount in they can hodl is not 30% of 1.5B, but 30% * (total transaction used for advertising), which is massive over time, if they never sell, theoretically they can accumulate 99.9999999999% of total BAT.

If they take the 30% of total advertising volume and don't spend it for a few months, they can create immense deflation in total cash (BAT) circulating in the system and raise the price, then sell the tokens at will to create inflation. The timing is totally up to Brave, the rate of inflation and deflation, the price is also up to Brave. You will be swindled out of your money because they can rig the price.

This is a scam coin.
 
Apr 8, 2018
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#14
BAT jumped 30% just now
this is rigged, this coin is so violent, can't imagine how violent it could be after the devs manipulates the money supply
 

ngalex

Member
2Savage4Me
Oct 26, 2018
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#15
how does Brave control the money supply, if the total supply is fixed to 1.5 billion?
you're so dumb, @ChefBigDog is a f🅰️king bigshot that knows absolute 💩
 
Apr 8, 2018
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#16
how does Brave control the money supply, if the total supply is fixed to 1.5 billion?
you're so dumb, @ChefBigDog is a f🅰️king bigshot that knows absolute 💩
Jesus how dumb are YOU?
The total supply is fixed at 1.6B but the amout in circulation can be directly controlled by Brave Software because they take a 30% cut in every ad they serve, overtime they can control most of the basic attention token, equivalent to the contraction of monetary supply.

Brave Software can create arbitrary inflation and contraction of the token at will by controlling how much of the 30% they get they should hodl for how long, so they can directly control the value of BAT.
 
Apr 8, 2018
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#17
If the bank charges 30% of every penny everyone spends, you can say in a short period of time they will have all the money, but they don't, Brave does this to BAT, you have to use BAT to buy ads, and they take 30%, Bacis Attention Token is a SCAM.