/biz/ - Business & Finance

>>12698614
>>12698562
You can go look for the Twitter threads for yourself, but Brendan has explained the necessity of BAT multiple times on Twitter, mostly to BTC maximalists who are upset that Brave no longer uses BTC (Brave tried, didn't work.)

UGP is a huge part of it. If Brave had gone with using Ether or Bitcoin, Brave would have basically needed some wealthy millionaire blockchain donor to start the growth pool, and that wasn't going to happen. BAT isn't a "funding token", it's literally being used for ETH's created purpose which was to create smart contracts for ERC20 tokens. BAT is an ERC20 token that people bought with ETH, almost half of the BAT went to the UGP, the UGP is currently being dispersed and used in many creative ways to promote Brave and eventually the introduction of BAT Ads.

Think of the Coinbase Learn project that just came out recently. That never would have been possible without BAT and the UGP. Although it might not mean much now, getting newbies to learn how Brave/BAT works through Coinbase Learn and Coinbase wallets is a huge ordeal when Brave gains traction.

Furthermore, there's too much speculation with Ether/BTC. People wouldn't feel as free to donate/support content creators with those cryptos, which is currently a big use case for BAT. When you get 50 or 60 BAT through the Brave browser and the UGP, you don't feel the need to hold onto it, it can go to content creators/etc. without any friction. BTC/ETH would just be held and hoarded and never used. That would be absolutely terrible for Brave and the whole Advertising model they've created.

You can apply the same logic used above to a stablecoin too. Brendan is smarter than you and me and has been successful in the tech business for a long time. He's not going to run a scamcoin just to raise $30 mil and then run off with it. Use your brain lol