There was a great post over on BATproject
about why BAT is the next big thing and I think it's important more people see it.
BAT is an Ethereum ERC20 token, which means you can use common hardware wallets like the Ledger Nano, MyEtherWallet, etc.
BAT is backed by Silicon Valley VCs like Peter Thiel’s Founders Fund, among others.
Coinbase CEO Brian Armstrong tweeted on March 30th, 2017 that BAT is “exactly the sort of token we'd like to support on Coinbase and GDAX over the coming year, make it easy to buy/sell these with gov currencies.”
One of BAT's close advisers is Ankur Nandwani, who is/was Product Manager at Coinbase. He was the one who announced that Litecoin was added to Coinbase.
$BAT was recently added to a spate of exchanges, including big Chinese exchanges like Binance and Huobi.
You will be able to get paid for choosing to view ads with the BAT Ads program. Users receive 70% of ad revenue. Yes, 70%.
Brave & BAT have been covered in a lot of mainstream news recently, including Bloomberg, NASDAQ, CNET, Engadget, TechCrunch and more. It has also been promoted by Ubuntu Linux (on their FB page with 1.3m followers) and Rocket.Chat (on their official blog).
BAT is not limited to the Brave web browser but will be extended to other browsers via extensions (where APIs permit) and other attention-economy apps like chat messengers, podcast apps, games, etc.
Brave Payments, which utilizes $BAT, currently supports YouTubers. Support for Twitch, Reddit and Twitter, etc. have been confirmed. Brave Payments allows you to easily tip your favorite publishers and content creators, Patreon-style.
Over 1000 websites and over 600 YouTubers have been confirmed as verified publishers with the Brave Payments program—and counting. This includes big channels like Phil deFranco who has 6 million subscribers. (You can still tip/donate to your favorite sites/creators even if they aren’t yet verified since the $BAT will be held in a wallet for them to claim.)
The Brave web browser has over 1 million active monthly users. On the Android store alone, Brave has 1-5 million downloads. Brave is available on all platforms (iOS, Android, Windows, MacOS, Linux).
Other notable figures on the development team include Yan Zhu (Forbes top 30 under 30, Tor Project, W3C, EFF), Marshall Rose (inventor of SNMP, Internet Engineering Task Force) as well as many others who’ve worked on major projects. (Look at team on website.)
The Brave browser has one-click support for Ethereum dApps with Metamask. Brave is officially listed on Metamask’s website alongside Google Chrome.
You will be able to purchase $BAT with your credit or debit card directly through the built-in BAT wallet in Brave. This is a first priority for the team.
BAT officially partnered with privacy search engine DuckDuckGo, and they recently revealed more details on their relationship.
Brendan Eich said in a tweet yesterday that he heard Mozilla was potentially interested in natively integrated BAT. https://twitter.com/BrendanEich/status/942115844087169024
The supply of BAT is fixed and limited. No new BAT will ever be mined or created. Total supply is capped, like Bitcoin.
CEO Brendan Eich announced the other day that BAT/Brave is partnering with a Top 3 media company in the world.
PewDiePie (60 million subscribers) flashes BAT on screen https://www.reddit.com/ethtradecomments/7h6gi4/pewdiepie_youtuber_with_58_million_subscribers/dqq8z4
Facebook talk with BAT CEO Brendan Eich: https://www.youtube.com/watch?v=cP2DFVUwgsU
Eich saying BAT/Brave has "a good relationship with apple" https://www.reddit.com/BATProject/comments/7l4033/transcript_of_ama_with_brendan_eich_ceo_of_brave/
Hey guys, If you haven’t noticed on Binance’s monthly community voting round – it has been a tight battle but Substratum has been taking the lead.
I wanted to explain why Substratum has seemingly come out of no-where but has garnered some attention. Substratum is creating a solution to a very big obstacle in the world web. The below has been taken from Justin Tabb aka the Founder of Substratum and summarises what the purpose of the network is.
I hope you guys can support their vision by voting for Substratum (SUB) on the https://www.binance.com/vote.html
The Substratum Network will bring the decentralized web worldwide without the need of special software for the average internet user. We will be able to serve Substratum Requests directly to the default browser (Safari, Firefox, Chrome, Internet Explorer) without any special software installed on the average consuming users computer.
How Substratum Works
Ease of Use: currently nearly everything that has to do with crypto or the blockchain is very difficult to use and requires technical knowledge. Through our 10+ years of experience working with companies like Apple we understand the importance of a good user experience.
• The average internet user requires NO special software to use the Substratum Network. The default browser will service all requests for average users so they do not need to do ANYTHING different. Users who wish to service requests and receive SUB coins in return will have a point and click user interface that any user can setup. No technical knowledge required. SubstratumPay will be seamlessly integrated and geared towards high conversions of low technical expertise users. • Serving Up of Decentralized Content: Substratum provides a method for serving Decentralized Content (including Web Sites, Data, and Applications) through a Mac, Windows, and Linux application/service that is easy to install and run (requires no technical expertise) and serves up decentralized content using the toolkit that we have developed. This is a point and click process and requires zero technical knowledge. All the user has to do is install the application, click through a few settings and they are up and running and making Substratum Coin. Incentivizing Users to Serve the Content: in order to incentivize users to run the Substratum Network client on their machine we will be providing Substratum Coin to them for doing so. The coin is issued to the serving machine through a micro-transaction from the hosting site to the serving computer. By breaking fees down to a micro-transaction level this will greatly reduce the overall cost to companies and entities that want to host sites and applications on the internet solving yet another problem with the web as it stands today.
Privacy / Security / Encryption: by allowing millions of Substratum Network users to serve content the biggest concern becomes privacy and security. Substratum solves these issues through advanced cryptography algorithms rooted in Artificial Intelligence that ensures all data remains secure. Following the lead of BitCoin this is the strength of cryptocurrency and the crypto movement. Storage and Serving of Content: in order to serve millions of sites, databases, and applications the Substratum Network employs custom developed advanced compression algorithms and machine learning to geolocate the right Substratum Network machine to serve up the content to the appropriate user based on geolocation, this will ensure the fastest load time with the lowest amount of latency and strain on the Substratum Network and both the serving and receiving machine. DNS (Domain Name System): DNS or the Domain Name System is the system that currently tells your browser where to go when you type in a domain name. For instance when you go to Chrome and type in apple.com a DNS lookup is performed to check where to send that request, the DNS system comes back with an IP address and your request is routed there. In the first version of SubstratumDNS will be a complex, AI enabled DNS server that will receive DNS requests along with the geolocation of the requestor and find based off of that information the closest available SubstratumNode that is able to fulfill the request. Development Tools for the Decentralized Web: the Substratum Network will provide an API and SDK for developing tools on the Substratum Platform. This will bring in strong developer support and will accelerate the growth of the decentralized web on the Substratum Network. Net Neutrality: with the Substratum Network ALL web-sites and applications will have EQUAL ability to be broadcast in an equal and fair manner.
International Digital Barriers: currently countries like China have strict regulations on what their 1.379 billion citizens are able to interact with on the internet. Substratum will break down these barriers through a network of decentralized computers running the Substratum Network Software. Where other solutions that are currently used by residents in these countries require special software to be installed, like TOR, Substratum will take a reverse approach and require no special software for the average user.
High Hosting Costs: currently businesses must pay high hosting fees to get their web-sites on the internet. Amazon Web Services launched a 3.5BIL USD per year business by attempting to solve this problem. They allow you to pay for how many minutes you run a web / database server. Substratum completely solves this problem through the power of cryptocurrency by only charging for each request that is processed. You can check out the website here: • Substratum.net o And the whitepaper is available in multiple languages inclusive of Mandarin.
Furthermore, Substratum and the founders are very active in the slack – which they have recently hosted an AMA (ask me anything); I took the liberty of getting this information and if you are interested about the project to read more into it. Obviously they can’t reveal the inner workings of their product due to product sensitivity and being ahead of their competition but they are always up to date with the community through several videos on Youtube (https://www.youtube.com/channel/UCxUJoTH0XLERKl55zGnFI6g
) and announcements through their social media. I recommend you follow them.
Q: Any major talks with exchanges yet? A: We just announced that we are launching on our FIRST official exchange of COSS.IO on 9/30 trading against BTC and ETH. More to follow.
Q: Will I be able to run a supernode? A: From the beginning NO. Supernodes will only be for Substratum; however, they will run the SAME software that are used to run a NODE. In time we will develop a requirement list to run a supernode. If you qualify you can then run a SuperNode and receive a premium payout
Q: Is it possible to show a few examples of SUB payouts you get from running a node, and the tell us the ratios that affect the amount/way to calculate it somehow? (SUB owned, for how long you've been running a node etc..) Or is that still in testing? What's the difference in node rewards from someone who has 0 SUB's as opposed to someone who has X amount of SUB's? A: So the calculations for this are in process; however, you can watch our video "How Substrate Per Request Is Calculated" on our YouTube channel for an idea of what variables go into each calculation
Q: How do we prevent DDoS? A: The first step is not talking about how we prevent DDoS or any other hack. We call that security through obscurity. :slightly_smiling_face: Secondly, one of the primary ways to prevent a DDoS attack is decentralization. Well that's perfect. Lastly, there are other techniques, like black-holing and basically shutting a node down. The great news is that we will be decentralized so we are only talking about a node or specific IP Address that will not disrupt the network. :thumbsup:
Q: Say i got a website i want to publish on Substratum, how does this process go? A: Just a shout out if you ask for a lot of detail regarding technology stack and how exactly something will work we are most likely going to give you general answers. This is not to skirt the question. We want to be 10 steps ahead of anyone with nefarious plans before we get launched. You will be seeing more on this very soon. You should be seeing a video drop on this in the next week or two. The goal is to make this easy to use and powerful, plus empower others to use the tools. We're looking at things to different ways one is towards the average user who just want something sitting on their system and doesn't need any more details and the other is a super user who wants a lot of configuration options.
Q: When more people will use Substratum and more will run nodes, the value of SUB will increase. How will it be calculated how much SUB you get as a reward for running a node as value increases? Will it be calculated by Substratum itself or will it be changed manually every so often? A: We will be calculating against the live value of Substratum
Q: Is substratum detectable, for example if it’s used in a country like china and they are caught on these sites that are blocked by government… Can it be detected? A: The goal is to make it constantly moving. We do not want it to be. fast, easy, powerful, anonymous.
Q: Will there be Master Nodes? A: We will have some services that are available that will help provision nodes into the network. We are still story mapping this flow and architecture.
Q: Could we get more information about what you require to do to be a beta tester? A: To be a beta tester you only need to add yourself to the #beta-tester channel here in Slack. You will be notified when we are ready for you to download and install and the process and requirements to continue to run the software
Q: Will you keep us informed on a at least weekly base to tell/ show us the progress made? A: Yes! We will continue to drop at least 2 professionally made update videos each week (with Jason Burns the guy who does them) and we will be doing more and more candid videos
Q: Who is the winner of 10k subs and what idea did he give? And what about 2nd place and 3rd place. A: To be announced shortly. The Substrate is reserved for the payout
Q: Can we mine Sub without the software? A: I will personally be selling pick-axes on my personal website "pixaxesforsale.biz" for a low cost of $19.99
Q: Unless they disclose intelligent life in space, people are still going to be mad at the end of this. A lot more will be happy though A: Haven't found intelligent life in space. Some would question finding it on earth.
Q: From a legal stand point How are we protected if someone is running illegal content on our Node? A: Take a look at our video of "How Substratum Secures Your Site Content". You will never hold the entire piece of data except perhaps in memory if you are the one serving the request so you could never be culpable. Amazon isn't held responsible if I host illegal content now
Q: What about content control? child porno .. and so on ... ? Is there anything to control the content or? A: Excellent question. This was a big concern for us. We do not want Substratum to become the dark web. The goal is to allow the community to self-govern, vote up and down, call out illegal activity. The utilities will allow those with bad intentions to be called out. The more we grow the better we will be about wiping out things like child porn, and just as bad human trafficking.
Q: When will the raised money going to be donated? A: We have already donated $10K out and we have a pending wire for $40K going out Monday. We are working to find the BEST places with the IMMEDIATE needs.
Q: When will the livestream of the burn be? A: Burn #1 will be a livestream of my computer screen later tonight. I will announce on twitter at least an hour ahead of time and we will record it so people can see it later
Q: What will the final circulating supply be after all three token burns? A: We are still getting a FINAL number on this, we are still doing some FINAL Bonus sends but we will have the number VERY VERY soon and we will be posting it. We will be burning 60MIL tokens tonight so that should give you some kind of an idea.
Q: can you stop slack from freezing my firefox? A: Use the downloadable app, or get better internet, or get a new computer. Sounds like a dumpster fire.
Q: Everyone brings up the obvious choice of child porno that needs to be dealt with via content control. What about grayzones such as weed-selling sites? Its illegal in some countries, some not. How will Substratum deal with these grey-zones? A: Give me liberty or give me death.
Q: Could i have an invite to beta test channel on slack? A: Yes, just let a moderator know.
Q: could i get more information on what beta testers are required to do? I will happily be one if it helps the process and I actually manage to do it. A: Join the #beta-testers channel here
Q: when will we see a new homepage? A: This is being worked on now!
Q: is there a minimum amount of SUB needed to run a node? A: NO! 0 Substrate, don't worry, you will have some soon once you turn it on
Q: What about running an "micronode" on any phone (there is a big % using phones all the time), I mean an app installed on phone to run a node and to host only small content like a photos... Did you think about of this? A: https://youtu.be/h6tZ_ZFuFmY
Q: What if my website ethically and morally right and people downvote it out of jealousy will my website be removed if there are more number of downvotes and my content is clean? A: The process is NOT that simple, we will release more details later but this is being taken into consideration. I answered in a bit more detail above as well
Q: Does the Sub team ever sleep ? A: Only when driving
Q: Can I run a node on a VPS? A: I certainly won't be telling people how or where to run the node software. Do the best you can. I actually answered the VPS question above too. We will have a command line version if that is the question. That you can run on something like Ubuntu Server if you want
Q: Can the voting system for all illegal stuff on the internet also be used in a 'bad' way on the regular websites to for example gain commercial/business advantages? A: It should not, no one will have 'master control' All control, so the market decides always.
Q: Who will profit from cryptopay? How will this bring value to SUB tokens? A: Everyone will as we gain dominance. But also, Substratum the company will take a small percentage. This will enable us to continue building awesome apps. CryptoPay will be the cornerstone of many good things to come. Think retail, goods and services.
Q: I work at a games company with 200+ high powered pcs. If I install sub nodes on every single one of them at night, will IT be able to catch and fire me A: See your HR manual, or HR supervisor for those questions.
Q: How do websites and hosters remain protected from hacking, if sites are created with innate vulnerabilities does that expose other sites hosted by the same node? A: This is a great question. Hosting Nodes will have to vet out their security. Again, being decentralized goes a long way in providing security. So does encryption. We will help hosts be the best hosts possible.
Q: Please explain the earning in SUB by running a node? A: So the SUB comes FROM the HOST (who purchases the SUB) to the NODE for the cost of the transaction. https://youtu.be/LWZ1DIGGOoQ
Q: When will the tokens be sent for the 100 Sub giveaway A: Shortly
Q: How will Substratum market themselves towards countries that needs SUB the most but are hard to reach, such as North Korea, Africa, China? A: Think spider web. The more that join, and use, the less it can be controlled.
Q: How long will this bear market last for? A: Let me put the fortune teller hat on. Crypto is a young demographic currently. It will be bear'ish until we make the technology easier and they get older.
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