Home Coins Basic Attention Token (BAT) BAT Assessment by Multicoin Capital VC

BAT Assessment by Multicoin Capital VC

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BAT Assessment by Multicoin Capital VC
BAT Assessment by Multicoin Capital VC

Under you discover a not very encouraging evaluation of BAT by a Crypto VC.

I wish to hear the Courageous’s staff opinion about it.

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“BAT is an successfully stateless protocol. The core protocol itself doesn’t retailer any state concerning the community apart from the account balances of BAT house owners. BAT is a proprietary fee forex, which is able to if not redesigned in the end be topic to the [velocity problem](https://capital.us16.list-manage.com/track/click?u=1fa9845cf3e8925863af2c41e&id=4a29248072&e=3fd471a95c).

Though the BAT protocol is successfully stateless within the Ethereum community, it’s not stateless outdoors of the Ethereum community. That’s, the [Brave browser](https://capital.us16.list-manage.com/track/click?u=1fa9845cf3e8925863af2c41e&id=c467bc8b90&e=3fd471a95c), which has greater than 5M month-to-month energetic customers, solely helps BAT, and the Courageous staff is economically incentivized to not change this as a result of they personal a number of BAT. Because the variety of Courageous customers grows, the extra-protocol state of BAT grows. This extra-protocol state is un-forkable, so BAT can’t be forked out.

Courageous is an fascinating case research. On an summary foundation, BAT shouldn’t seize any worth. Then again, BAT advantages from a big exogenous effort of the Courageous staff. Absent adjustments within the token mechanics, we don’t anticipate BAT will seize worth in the long term, however the existence of this extra-protocol state does justify some worth, not less than for now”.

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