Quote from: bitmover on June 26, 2020, 08:24:18 PM

This is an interesting perspective which I never thought about. KYC makes BAT basically useless, as a FIAT withdrawal would be better.

Just as instant free transactions from centralized cryptocurrencies are a nonsense (if you don't carea bout decentralization, just use visa), BAT becomes worse than fiat when forcing KYC.

Yea. I'd probably slightly more understand the need of a separate token if they actually used the smart contracts mumbo jumbo feature of Ethereum together with a browser extension like Metamask, whereas the BAT automatically gets collected to your Metamask wallet. But no, everything goes through Uphold anyway what's the point lol.

Quote from: bitmover on June 26, 2020, 08:24:18 PM

THey could argue "But BAT is worldwide and fiat is not. BAT would flatten currency relations worldwide". This is also false, as the amount of BAT received depends on your IP location. (https://finance.yahoo.com/news/brave-browser-expands-advertising-feature-170545030.html#:~:text=With%20the%20Brave%20v0.,earn%20BAT%20for%20viewing%20ads.)

Not only that, Uphold supports a crap ton of currencies anyway, so that argument really wouldn't pass. https://uphold.com/en/transparency%C2%A0