Why Bitcoin is Stupid - Mr. Money Mustache

Earn BAT token just by hanging on the Internet

Earn BAT token just by hanging on the Internet
To make easy use of the Internet can be quite small sums, but this is the essence cryptonomicon — the use of decentralized applications for the benefit of all society and of little profit for themselves. (for example, the first bitcoin miners received quite a bit, if converted into dollars, but they supported a decentralized network.)
Concept: most sites live off advertising revenue. Sometimes it's annoying ads, sometimes the site does not deserve the advertising revenue that the user brought — he did not give the user the desired content, but the advertising showed. Advertising is often not relevant, advertising and tracking are forced.
https://preview.redd.it/u0rnjhbybbp31.png?width=300&format=png&auto=webp&s=0380836e59da4125ea9b223ff78ad295bd591bbf
BRAVE and the economy of its token BAT-should solve these problems.
Solution: all brave browser users have 3 options to choose from:
- do not show ads at all
- show ads from BRAVE, earning tokens for viewing it
- leave it as it is
The first option is clear — you just do not watch ads and no one is watching you.
The third option is also clear — you watch ads from websites, and you are watched by marketing agencies.
The second option is hard to implement, but it is very beautiful in nature. Brave collects statistics, passes through neural networks. Ads are shown by brave advertisers, based on your behavior. You get BAT tokens for clicking on ads and performing certain actions.
submitted by Gustonani to u/Gustonani [link] [comments]

A quote from 'Cryptonomicon'

Randy figures there’s no better time to ask this question. And because he’s known Avi longer than anyone else, he’s the only one who can get away with asking it. “Do we really want to be involved with these people?” he says. “Is this what Epiphyte Corp. is for? Is this what we are for?”
Avi heaves a big sigh and thinks about it for a while. Beryl looks at him searchingly; Eb and John and Tom study their shoes, or search the triple-canopy jungle for exotic avians, while listening intently.
“You know, back in the forty-niner days, every gold mining town in California had a nerd with a scale,” Avi says. “The assayer. He sat in an office all day. Scary-looking rednecks came in with pouches of gold dust. The nerd weighed them, checked them for purity, told them what the stuff was worth. Basically, the assayer’s scale was the exchange point—e where this mineral, this dirt from the ground, became money that would be recognized as such in any bank or marketplace in the world, from San Francisco to London to Beijing. Because of the nerd’s special knowledge, he could put his imprimatur on dirt and make it money. Just like we have the power to turn bits into money.
“Now, a lot of the people the nerd dealt with were incredibly bad guys. Peg house habitues. Escaped convicts from all over the world. Psychotic gunslingers. People who owned slaves and massacred Indians. I’ll bet that the first day, or week, or month, or year, that the nerd moved to the gold-mining town and hung out his shingle, he was probably scared shitless. He probably had moral qualms too—very legitimate ones, perhaps,” Avi adds, giving Randy a sidelong glance. “Some of those pioneering nerds probably gave up and went back East. But y’know what? In a surprisingly short period of time, everything became pretty damn civilized, and the towns filled up with churches and schools and universities, and the sort of howling maniacs who got there first were all assimilated or driven out or thrown into prison, and the nerds had boulevards and opera houses named after them. Now, is the analogy clear?”
(from "Cryptonomicon" by Neal Stephenson)
This book was suggested somewhere in cryptoland recently. I just thought this passage reflects how cryptocurrencies work in it's infancy and stages to maturity. The whole legal/not-legal... dark market... discussions.
By the way, this was written in 1999, before Bitcoin. I believe it might have inspired Satoshi in some way. It's a good read, I recommend it to nerds and crypto enthusiasts.
submitted by Crypto_Wolf to ethtrader [link] [comments]

A quote from the book Cryptonomicon

Randy figures there’s no better time to ask this question. And because he’s known Avi longer than anyone else, he’s the only one who can get away with asking it. “Do we really want to be involved with these people?” he says. “Is this what Epiphyte Corp. is for? Is this what we are for?”
Avi heaves a big sigh and thinks about it for a while. Beryl looks at him searchingly; Eb and John and Tom study their shoes, or search the triple-canopy jungle for exotic avians, while listening intently.
“You know, back in the forty-niner days, every gold mining town in California had a nerd with a scale,” Avi says. “The assayer. He sat in an office all day. Scary-looking rednecks came in with pouches of gold dust. The nerd weighed them, checked them for purity, told them what the stuff was worth. Basically, the assayer’s scale was the exchange point—e where this mineral, this dirt from the ground, became money that would be recognized as such in any bank or marketplace in the world, from San Francisco to London to Beijing. Because of the nerd’s special knowledge, he could put his imprimatur on dirt and make it money. Just like we have the power to turn bits into money.
“Now, a lot of the people the nerd dealt with were incredibly bad guys. Peg house habitues. Escaped convicts from all over the world. Psychotic gunslingers. People who owned slaves and massacred Indians. I’ll bet that the first day, or week, or month, or year, that the nerd moved to the gold-mining town and hung out his shingle, he was probably scared shitless. He probably had moral qualms too—very legitimate ones, perhaps,” Avi adds, giving Randy a sidelong glance. “Some of those pioneering nerds probably gave up and went back East. But y’know what? In a surprisingly short period of time, everything became pretty damn civilized, and the towns filled up with churches and schools and universities, and the sort of howling maniacs who got there first were all assimilated or driven out or thrown into prison, and the nerds had boulevards and opera houses named after them. Now, is the analogy clear?”
(from "Cryptonomicon" by Neal Stephenson)
This book was suggested somewhere in cryptoland recently. I just thought this passage reflects how cryptocurrencies work in it's infancy and stages to maturity. The whole legal/not-legal... dark market... discussions.
By the way, this was written in 1999, before Bitcoin. I believe it might have inspired Satoshi in some way. It's a good read, I recommend it to nerds and crypto enthusiasts.
submitted by Crypto_Wolf to EthereumClassic [link] [comments]

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