AMA ā BasicAttentionToken, Robotics, IDE's and Stuff
This is an AMA show with live questions from the #jsparty Slack channel. We cover everything from BasicAttentionToken, Robotics, Microsoft, IDEās, and other fun stuff.
Matched from the episode's transcript š
Mikeal Rogers: This also happens to your currency in your pocket. Thereās inflation, thereās currency exchanges, and how valuable your currency is when compared to other currencies⦠Iāve run into this a lot, because I have a stack of money from other countries, so that when I land in those countries, I can spend it⦠And this has not been a very good last five years to be holding currency not in dollars, so that kind of sucked.
Anyway, so for blockchains thereās this whole side of things thatās like currency speculation, and itās a lot of ostensibly gambling, like fun gambling, a lot of money flowing into it, and gambling on these exponential increases in the value of these digital coins. But the underlying technology can solve a lot of problems outside of just currency exchange, and outside of just things that we need a currency to do.
Thereās an element of transparency and provability without a centralized owner that is really important for a bunch of use cases. What Brave is going after with this basic attention token is essentially the ad market. If youāve ever read a bunch about the advertising market, especially online, thereās a huge amount of fraud, a huge amount of fake clicks⦠Thereās everything from click farms to people just generating crazy wild numbers for what has and has not happened on different services and what not.
If you wanna try to solve that, you need something that is provable and has a lot of these elements of transparency and provability baked in⦠So what theyāre looking at is this basic attention token. This is a provable way to show that you spent some attention on something. That could be used to prove that you saw an advertisement or saw some content⦠Or what theyāre probably betting on a little bit more than that is you can prove that people spend time on a site, and then you can inject capital and money into where you spend your attention, and that can be doled out as micropayments to those sites.
[12:19] If youāve used the Brave browser, they already have this feature baked in where you can do these micropayments. You can say āLook, I donāt wanna deal with advertisements on website, I hate all that kind of stuff, but I do wanna support content creators, so Iām gonna pour $20/month into wherever I spend my time.ā What happens is that Brave tracks that in a way that is anonymized and protects your privacy, but it also allows them to dole out some of that to all these different places where youāre spending your time.