RE: Changing To The Web 3.0 Mindset: It Is The Future
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I think that Brave with its browser and BAT rewards system will take the web by storm. I just wished that taking this idea and trying to embed it with HIVE would be considered by someone. I think it can evolve much better and it could use some sweet features of the HIVE ecosystem.
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I see a problem with the whole BAT business model. It gives ad viewers a cut. Ok. But that cut is by necessity a very small sum of money by ad watched. How much would you want to be paid for watching ads? Most ads are a nuisance you want to get rid of. I wouldn't want to waste ten seconds of my life by watching an uninteresting ad even if I got paid one cent for it. 6 cents a minute equals $3.6 per hour. That's not an adequate compensation for an hour of any work in my country. And paying that kind of money to anyone who lives in a country where salaries are a tenth of what they are in my country is not feasible.
I would only want to trade 1 cent for watching a ten second advertisement if I were actually interested in seeing the ad. But being only showed that kind of ads would require a level of highly sophisticated surveillance targeted at myself that I'm not comfortable with.
I just click the Brave ads for the money, I don't bother most of the time looking at the content. I think out of several hundred ads I've clicked on, I may have found something interesting for me to read once or twice. I still got a few hundred BAT accumulated over that same period. I do get the debate of your comment though. It's a step in the right direction to pay the consumer, I think that in the future the payment will improve as the more people are expecting that type of 3.0 behavior. Will it just inflate money and tokens though and end up costing more anyways? We will see.
How long did it take you to click all those ads and how much money did you make? Would it make sense to write a script to farm clicks? :)
Takes me seconds to click and close, especially since I work on my laptop so I don't mind it. Could I write a script to do it? Probably. Do I want to spend time learning to script just for that? Naw, got bigger fish to fry.
It's about making money in whatever way we can. It's minimal effort and time to click and close an ad that has no other effect on my life so it doesn't phase me. Coming out of the web 2.0 mindset where there's hundreds of ads strewn across my screen and I don't even get one red cent for it to clicking on an ad where I can earn even a penny sounds good to me. As I said it is a culture shift. Eventually companies like Brave won't be able to offer their users pennies when they make lots once more companies get into the game and offer better rewards. The more we opt into these things the better it gets.
Sounds like the tokenomics of BAT make very little sense if it is worth anybody's while to click away at ads.
Improvement to archaic ways of thinking where consumers get none of the cut the companies are making. The only way to shift the culture is to get more people to demand it. The fact that Brave is getting advertisements from mainstream companies instead of just crypto focused companies signals a shift in my opinion. It's only a matter of time, and in the crypto game it's better to wait than to rush.