The gloves are turned off in the crypto community and the fight may begin. Mainman Monero Core Maintaintain Riccardo "FluffyPony" Spagni noted that the Basic Attention Token is in fact centralized, a word that no cryptic project wants to hear. In the Magical Crypto Friends show on Youtube, Spagni suggested that BAT, which is integrated with the Brave browser, is centralized. Many dApps, he adds, are much more centralized than they should be.
Brave is growing in popularity and has recently been named a default browser on a smartphone made by HTC. Users like it because opting for the browser allows you to "earn" BAT and share it with content providers; Future updates will allow users to earn crypto by engaging with ad content. But this is where Spagni starts to swing.
As the main developer of the dark web's favorite secret money, Spagni noted that someone could play the system and pretend to be engaging in Brave's content.
According to Spagni, Brave relies on something known as "Navigation test" which is a process to be determined "What is true and what is not true". Beyond that, there is a clawback that prevents participants from withdrawing their BAT airdropped tokens until they meet the KYC and AML requirements. All this control is what leads Spagni to believe that the BAT is centralized, saying:
At the end of the day, it is not different from a database.
Also the creator of Litecoin, Charlie Lee, was on the air, and raised the fact that the only reason why the BAT was created was because no one would give the brave team the free bitcoins.
For his part, CEO Brave Brendan Eich assuming that the browser is "Semi-centralized" in an interview with Hard fork Over it chirping, Eich acknowledged that the lack of bitcoin liquidity was partly responsible for the creation of BAT, as well as high bitcoin commissions.
Lee said that the Brave team was basically trying to do it "Create money from nothing so they can fly it".
However, in a provocative response, Catherine Corre, BAT's communications manager, defended the project: "The declarations [by Spagni] they are grossly inaccurate. We regularly distribute BAT concessions to brave users who can then use them to anonymously reward their favorite content creators via the integrated portfolio in the Brave browser. These grants are not implemented on the Ethereum blockchain until after the anti-fraud checks and before payment to the verified creators. We can not and can not touch the BAT owned by users. "
Corre continued to explain it "As for the fiat payment, which is another topic, our roadmap and our white paper make it clear that no blockchain-based system can pay for fiat without being semi-centralized."
The XMR price falls to a new annual minimum
Monero is one of the most privacy-focused cryptos, for which the AML and KYC functions are considered a red flag. Not to mention the possibility that Spagni wanted to divert attention from the XMR price, which recently fell to a new low for the year at around $ 41 on CryptoCompare. But as with many projects in 2018, the price is not necessarily an indication of the business surrounding Monero.
Bity, based in Switzerland, has announced that users can now purchase XMR from their cryptometers with cash. One of Bity's strengths is that there is no need "Verify your identity or register an account" which reflects the characteristics with which Spagni took a position, compared to BAT.
Meanwhile, an app nicknamed Bail Bloc openly intercepts part of a user's processing power and directs it to Monero's extraction. Bail Bloc solicits the characteristics of Monero, included "Safe, private and untraceable". The funds are then converted into US dollars and donated to an immigration fund "Posting a link for people held by the ICE".
Apparently you need a different BAT to get rid of some bale.
An e-mail to Brave was not returned in time for publication. We will update the story if we resent them.
The author is not invested in any digital currency mentioned in the article but holds investments in cryptocurrencies.