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Author Topic: @Theymos - how about verifying for Brave/BAT? Easy extra revenue.  (Read 570 times)
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November 06, 2019, 02:44:23 PM
 #21

... There have been zero argument supporting this other than 'extra revenue', ...

Extra revenue IS my only argument. Seriously, how did you get this dumb? Sold account?



...
There's a massive difference between complying with US laws and sending all the details necessary to steal your identity and ruin your life to some dodgy crypto exchange. Uphold demand your name, address, social security number, a picture of your passport and a selfie. Can you vouch for the security they are using to protect this information and documents? Even the biggest exchanges can't be trusted - Binance have been hacked for user's KYC documents, and Coinbase were selling user's details without their knowledge or consent. Why should we trust Uphold?

The forum has at least 1,250 BTC in storage according to this post: https://bitcointalk.org/index.php?topic=155000.0. I would be very surprised if theymos risked his identity for the sake of a couple of hundred dollars worth of BAT.

I don't think Jimmy Walsh (?) from Wikipedia (or other big site operators) was forced to submit his passport/selfie to Uphold. I'm not sure is there any corporate entity behind operating this forum, but I don't expect Theymos would run it in his sole, private name, that wouldn't make sense. Plus, BTCTalk is big enough to make separate arrangements with Brave (ie. maybe even skip Uphold altogether and receive tokens directly). BTCTalk =/= Average Joe.

So again, logic is: 1) free extra, passive revenue. 2) if much bigger sites have done it, then so can BTCTalk.

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November 06, 2019, 02:48:57 PM
 #22

I'm not sure is there any corporate entity behind operating this forum
There isn't.

So again, logic is: 1) free extra, passive revenue.
This claim is a lie[1]. There is no such thing as free revenue. Anyone that has any economic background will flap (yes, flap) you in the face for claiming such nonsense. The trade-off for this revenue is very high.

2) if much bigger sites have done it, then so can BTCTalk.
If bigger people have murdered others, then so can you? This is how you try to formulate arguments. It's ridiculous; are you < 14y by any chance? What's next?

[1] Stop spreading misinformation. Worthless and wrong opinions such as the ones that you have are fine, but outright lying isn't. Stop.

Extra revenue IS my only argument. Seriously, how did you get this dumb? Sold account?
Quoted for reference.

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November 06, 2019, 02:54:45 PM
Merited by poptok1 (1)
 #23

If by couple hundred you meant 11.50$ than I'm with you
I said a few hundred dollars because I'm sure there are plenty of users on this forum who do use Brave under the mistaken assumption that it is good for security, privacy, fingerprinting, or fewer ads, when in reality it performs poorly for all those things.

Plus, BTCTalk is big enough to make separate arrangements with Brave
I'm sure Brave would jump at the chance. This arrangement will be far more profitable for them than it would be for the forum.

What's stopping users from just selling their BAT and donating BTC to the forum?
https://bitcointalk.org/donate.html

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November 06, 2019, 03:07:01 PM
 #24

Extra revenue IS my only argument. Seriously, how did you get this dumb? Sold account?
Quoted for reference.
But Pajeet is just trying to help sir theymos to have additional income? What's wrong Huh

----

@Pawel7777
Seriously, You are trying to connect the forum to the 100% garbage brave browser?  You gotta be kidding. Brave browser is a very shady project and of course the team member. They have an insane referral commission that will hurt real investors of the token.

Finally. Bitcointalk.org doesn't support any altcoin.

Theymos is married to bitcoin already.

 
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November 06, 2019, 03:10:35 PM
 #25

But Pajeet is just trying to help sir theymos to have additional income? What's wrong Huh
MUH $12 sir, extra free revenue. Cheesy

Finally. Bitcointalk.org doesn't support any altcoin.

Theymos is married to bitcoin already.
This isn't entirely true, what about Grin? Quite a flawed experiment it is, but still better than its alternative Beam or whatever it was called.

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November 06, 2019, 03:20:17 PM
 #26

...
What's stopping users from just selling their BAT and donating BTC to the forum?
https://bitcointalk.org/donate.html

- A lot of extra steps. If you can't tip instantly - you won't tip at all.
- Time - withdrawing from browser is not instant.
- Fees (Uphold conversion fees/BTC tx fees) average tip or auto-contribution will likely be few $ worth tops, so not worth it.
- [can be wrong here] Users don't need to be KYC verified to earn BAT and send tips or auto-contributions
- Auto-contributions - your earnings are automatically distributed to verified publishers proportionately to the time you spent on each site. So everything happens in a background.

From own experience - I received 20 BAT grant yesterday + some ad revenue, it's too trivial to withdraw/exchange. Decided to send few tips around, tried BTCTalk, but no luck, so send to others.

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November 06, 2019, 03:22:34 PM
 #27

https://www.cryptopolitan.com/brave-users-face-forced-kyc-on-external-bat-withdrawals/
Quote
Brave currently uses a third-party custodial solution known as Uphold and therefore people wishing to deposit, withdraw or transfer tokens must comply with Uphold’ KYC verification process.
Sounds very lovely, privacy-oriented and secure. Roll Eyes One-two-step, and malicious intent.

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November 06, 2019, 03:25:31 PM
Merited by malevolent (1)
 #28

this ain't BATcointalk

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November 06, 2019, 03:31:42 PM
 #29

I understand you point of view @OP but I really doubt that theymos will care about such things. There are zero possibilities.

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November 06, 2019, 04:32:15 PM
Merited by Welsh (3)
 #30

- A lot of extra steps. If you can't tip instantly - you won't tip at all.
Won't it be a lot of extra steps to verify on Brave, register for Uphold, link the two, monitor the BAT account, process withdrawals, manually sell for BTC, and transfer the BTC to the forum?

- Time - withdrawing from browser is not instant.
Won't it take time to transfer BAT from Brave to Uphold, sell for BTC, and transfer BTC to the forum?

- Fees (Uphold conversion fees/BTC tx fees) average tip or auto-contribution will likely be few $ worth tops, so not worth it.
Won't there be fees for withdrawing BAT, trading for BTC, and withdrawing the BTC, which the forum wouldn't have to pay if you just donated directly?

- [can be wrong here] Users don't need to be KYC verified to earn BAT and send tips or auto-contributions
Won't someone from the forum (probably theymos) have to submit to the risky and  invasive KYC procedures?

Right. So you don't want to spend the time or assume the risk of doing any of those things, but you want the forum to do them instead? In exchange for, as I said before, giving Brave and BAT some great free publicity. I can just see the headlines now from the crypto "media" - "World's largest bitcoin community endorses BAT. Next stop - the moon!"

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November 06, 2019, 04:41:42 PM
 #31

After reading this topic i still don't understand what exactly it is that this would add.

Users with the extension could tip the user (theymos) who verified the bitcointalk.org domain name? Is that all there is to it? Because that's already possible, isn't it.

- Auto-contributions - your earnings are automatically distributed to verified publishers proportionately to the time you spent on each site. So everything happens in a background.

From own experience - I received 20 BAT grant yesterday + some ad revenue, it's too trivial to withdraw/exchange. Decided to send few tips around, tried BTCTalk, but no luck, so send to others.

Wait, where is this money coming from? "Auto-Contributions"...? Does the Brave browser embed some sort of ads client-side into your browser which you get paid for viewing, or..?
If so, that sounds like a stupid business model, if not for the security implications alone, i doubt it is economically sustainable (i can already foresee 1 small botnet depleting the entire BAT network, but i guess this is prevented due to KYC?)

and furthermore, if that's the case, i don't see what Bitcointalk has or would have to do with it. (Will Bitcointalk get a share of the client-sided ads, or implement ads server-side for Brave clients? Is that it?)

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November 06, 2019, 04:47:18 PM
 #32

Brave Browser is good browser for non-tech user who wants basic privacy/security, but personally i don't like BAT.
You need to give away your identity to able to withdraw earned BAT which is the opposite of what they're trying to achieve.

Besides, imagine rewarding Bitcoin enthusiasm  in BAT, sounds very ironic.

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November 06, 2019, 05:14:56 PM
Merited by Welsh (4)
 #33

Extra revenue IS my only argument. Seriously, how did you get this dumb? Sold account?

A multi millionaire forum would risk its reputation for extra revenue? Supporting an altcoin which could become a scam in a near future?

You should always try to balance extra revenue with risks involved. Not every extra revenue is welcome.
Do you think it would be good to have all kind of Google ads here? Theymos could do that and receive lots of extra revenue x for example. Why doesn't he do it? Because it is against forum principles. Like your idea.

And it would risk forum's reputation and theymos' as well.

For example, let's suppose you have a job. If you start working elsewhere for an extra revenue, it is a bad idea if it put your current job at risky. Simple as that. Specially for a few pennies.

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November 06, 2019, 05:19:19 PM
 #34

- A lot of extra steps. If you can't tip instantly - you won't tip at all.
Won't it be a lot of extra steps to verify on Brave, register for Uphold, link the two, monitor the BAT account, process withdrawals, manually sell for BTC, and transfer the BTC to the forum?

- Time - withdrawing from browser is not instant.
Won't it take time to transfer BAT from Brave to Uphold, sell for BTC, and transfer BTC to the forum?

- Fees (Uphold conversion fees/BTC tx fees) average tip or auto-contribution will likely be few $ worth tops, so not worth it.
Won't there be fees for withdrawing BAT, trading for BTC, and withdrawing the BTC, which the forum wouldn't have to pay if you just donated directly?

- [can be wrong here] Users don't need to be KYC verified to earn BAT and send tips or auto-contributions
Won't someone from the forum (probably theymos) have to submit to the risky and  invasive KYC procedures?

Not sure what you're trying to do here. I pointed out advantage of tipping/contributing Vs. withdrawing tokens -> converting to BTC -> donating (from perspective of Brave user). You're talking about actions that publishers have to do only once, then you just sell whenever you want to.

Again, if verification would require Theymos to share his personal details with untrusted 3rd party and he's not OK with it - then it's obviously a no-go. But, as I already said, I don't think the process is the same for popular websites and for average Joes. Do you really think Uphold required Wikipedia execs to submit their passports and selfies?

Right. So you don't want to spend the time or assume the risk of doing any of those things, but you want the forum to do them instead? In exchange for, as I said before, giving Brave and BAT some great free publicity. I can just see the headlines now from the crypto "media" - "World's largest bitcoin community endorses BAT. Next stop - the moon!"

LOL. This forum is completely unknown outside of crypto-community and they already have publishers ranked way above this forum. "BTCTalk verified for Brave rewards" won't be newsworthy even for crypto-related news portals.

Someone is getting those tips and contributions and it's just down to whether Theymos is willing to pick them up or not.


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November 06, 2019, 06:13:48 PM
 #35

Supporting an altcoin which could become a scam in a near future?
Your wording is incorrect: It's either 'is going to become' or 'already is'. Read o_e_l_e_o 's posts. OP is essentially untrustworthy because of this request or just outright stupid. I'm fine with whatever he's tiny brain is willing to accept.

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November 06, 2019, 06:22:09 PM
Last edit: November 06, 2019, 11:15:59 PM by Welsh
Merited by Deathwing (2), malevolent (1)
 #36

Anyone with a little bit of morals wouldn't be willing to put their name to anything that they don't truly believe is worthwhile. Theymos, might not want this, but his support for coins would likely be taken with a lot of weight. Look at  Grin being implemented for forum payments their thread started to explode, and we saw how many users who hadn't even heard about it before become involved with it.

I'm not going to discuss the projects details with reputation, and whether its a well run project or not, but lets assume that brave would be paying theymos. Theymos adopting Brave publicly would probably benefit them more than the payments to him would.

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November 06, 2019, 06:23:04 PM
 #37

"BTCTalk verified for Brave rewards" won't be newsworthy even for crypto-related news portals.

This part of your statement is wrong, quick Google News search with keyword "bitcointalk" shows few boring news such as :
https://sg.finance.yahoo.com/news/bitcointalk-lost-third-users-february-004501426.html
https://www.coindesk.com/bitcointalk-forum-hacked-hole-seekers

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November 06, 2019, 07:11:49 PM
 #38

Anyone with a little with of morals wouldn't be willing to put their name to anything that they don't truly believe is worthwhile. Theymos, might not want this, but his support for coins would likely be taken with a lot of weight. Look at the Grin being implemented for forum payments their thread started to explode, and we saw how many users who hadn't heard about it before become involved with it.

I'm not going to discuss the projects details with reputation, and whether its a well run project or not, but lets assume that brave would be paying theymos. Theymos adopting Brave publicly would probably benefit them more than the payments to him would.

This. Theymos, or Bitcointalk, in general, has a huge user/follower base. First, I am 100% certain that theymos would reject BAT's unnecessary "KYC" procedure that you have to complete. Considering the fact that he even did not move a finger when GDPR was implemented, on top of that, a coin has to be a worthwhile thing for him to invest his support. Like he did for Grin.

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November 06, 2019, 07:26:41 PM
Merited by Welsh (3), actmyname (1)
 #39

Extra revenue IS my only argument. Seriously, how did you get this dumb? Sold account?
Do you really think that theymos would be risking his reputation and the forums reputation to deal with a shit project which will probably end up hurting those that invest? Just for a couple of pennies when the forum is already earning more than enough money to cover expenses for another 20 years if not more?

 
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November 06, 2019, 07:34:38 PM
 #40

Bitcointalk should not endorsed any other crypto than BITCOIN. Stick to Satoshi's vision dude.
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