[0] https://restoreprivacy.com/lawsuit-names-nordvpn-tesonet/
78 karma · joined May 29, 2019
[0] https://restoreprivacy.com/lawsuit-names-nordvpn-tesonet/
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1. The power of blockchain is in its cryptographic strength. Without cryptographic strength a blockchain is worthless. Strength of a system is defined by the weakest link. The weak link of Brave + BAT is in inability to mathematically prove an ad view. Neither there is a known way to cryptographically mine coins by viewing ads. This means, there are no cryptographically secure methods to pay for ads. What you made is a program that displays an ad and ask your server to send coins to the user. Of course, this can be spoofed. Hackers can reverse engineer how Brave communicates with your backend and spoof it. There is no cryptographic way to prove that an ad has been shown. Hackers can make the windows with ads invisible etc, and still receive reward. And I'm sure they are doing it, but as long as spoofing rates are within your business model, you don't mind because everyone is making money and you don't want to ruin the party.
2. I'm not a proponent of Bitcoin particularly. I dislike everyone who creates a new coin for a fake reason, for something that doesn't need a new coin and issues a trillion tokens. I am for progress, and I don't mind when a new really innovative coins appears with a separate blockchain, but I hate when a new coin is created just to issue a trillion of tokens, give it away for free, and in this way giving it perceivable value. It at least must be mined, and some resources (electricity and hardware) must be spent to back up its value; a trillion token issued out of nothing don't have value. I would not care if it was just a silly useless project, which GitHub is full of, but there is an irresistible temptation to create a heap of tokens, keep a little bit, give the rest away, apply some sleazy marketing and make people believe that there is some value behind the tokens. A decent project must avoid at all cost creation of a new token without a reason that absolutely requires a new token, and instead use an existing token that has value behind it (resources are being spent on creation of that heap of digital money).
I always liked blockchain, I will always like it. I use Monero much. But the current blockchain industry is full of projects that are fake blockchains, centralized blockchains and especially systems where a blockchain and a product cannot be cryptographically linked. Such as reselling electricity through blockchain, track fruits from a farm to a shop through blockchain etc. I only don't understand if people pretend that they don't see this because everyone has a share in the growing industry, or they are really so stupid that they don't see the fundamental problem.
I already wrote this before in another comment. Basic Attention Token is not a secure cryptographic system. The idea to pay tokens for shown ads cannot be cryptographically secure. There is no known way to have a cryptographically strong "Proof-of-Watch". All that browser does is, when a user watches an ad, it communicates to its backend and asks the backend to send a token to an address attached to the user. It's not a cryptographic system that mines coins by showing ads.
It's a useless gimmick that has nothing to do with cryptocurrency. The real coins are so valuable because they are cryptographically strong. This thing is centralized and its mechanism of payments for ad views is not cryptographically strong. The token has some value only because of peoples' stupidity.
[0] https://restoreprivacy.com/lawsuit-names-nordvpn-tesonet/
[0] http://vpnscam.com/is-purevpn-legit-proof-that-purevpn-bough...
Now, if using paid VPN providers is just a useless advice, possibly partially spread by the VPN industry, using NordVPN is very harmful because it seems to be one of the least trustworthy VPN providers because of their close connections with the data mining industry. NordVPN seems to be the №1 because of their immense advertisement spendings that bury the controversy.
Besides that, try to read some writes about why you should not to use any VPN services. It's easy to find promotional articles of various VPN providers about how they enhance your privacy, but instead try to look for arguments against. Only if you live in an very oppressive country and trust someone without name your exit point more, than your ISP (not sarcasm), or if you want to bypass geo-blocking, it makes sense to use VPN providers. Otherwise, you are harming your privacy and paying for an overpriced service to someone who does nothing but resells bandwidth and studies your traffic.
1. The developers try to make up a reason to create another coin for something, that doesn't need a coin; 2. The relationship between the browser and the coin is not cryptographically strong and will never be — it's impossible to prevent fraud when their system is just a program that checks for certain condition (an ad viewed) and communicates to its backend, instructing it to give some address a coin. 3. The developers created a billion of tokens out of thin air and now try to give it some value. And traders do believe that it has some value.
I personally don't tolerate shitcoins even the slightest. Thus, I see Brave as nothing, but a browser engine with a content filter and a shitcoin embedded.
Thus, the article is written only for the purpose of profiteering on the current increased concerns of online tracking. It doesn't try to resolve the issue even a little.