@divide_and_farm thing is, self-custody can be added. It’s not misleading as they have it written, but I do agree that it would be nice if they could be a little more detailed and specific on things. However, they tend to have reasons for not doing so.
Originally, such as when I commented over 20 days ago, they were saying it was small test groups and a gradual rollout. They were aiming at having it as a default option.
Since then, it has been said that they prefer the current setup where people have to apply for the waitlist and get an invite. Why?
- I forget the terminology and all, but it was also explained that Brave has to pay for each account that connects for on chain.
- It helps reduce the abuse. If it was a ready made option, then higher chance of people botting with hundreds of accounts.
- It’s allowing them to make sure there’s no substantial surge in demand. They can control the flow better to make sure systems don’t get overwhelmed and payouts should still process normally.
- It increases likelihood that a person is going to be active with it. Think about it. A person has to do more than just “plug and play” to get it going. They have to read a couple articles or ask around to know about the waitlist. Then they have to put in the effort to apply for the waitlist and get the invite. It kind of makes it that they have “skin in the game” as the saying goes.
That said, information is out there. If nothing else, I’m regularly doing all sorts of updates such as you can see through PSA: Current and upcoming changes to Rewards and Creators which explains things. (which I see you liked a few of my updates there)
Not sure. I think it kind of aligns with my articles like Why is KYC/AML required?. Honestly I need to update that article as we’re nearing 2025 and things have hit, such as the on-chain being more available. But the default option for now is to rely on custodial accounts. These custodial acconts like Uphold, Gemini, ZebPay, etc are easier barriers to entry than on-chain.
One of the big challenges with on-chain is that people won’t be able to move the BAT anywhere unless/until they buy SOL. No coins for gas means it just sits there. People not familiar with cryptocurrency may see that and equate it to be a bit more of a scam, that they have to spend money to get money. Not only that, but Brave Wallet doesn’t act as an exchange. That means when it’s time to withdraw, you have to send it somewhere and then go through all the network/gas fees. None of this is really overseen by government and it’s very easy to lose things if you put addresses in wrong, don’t have the right gas fees, send to a scam place, etc.
Whereas I think the average person is accustomed to opening a bank account and can understand how that works. Exchanges like Uphold are basically bank accounts and are bound to government rules and regulations. Things tend to be more secure and easier to process. Fees generally are low and it’s simple.
Of the two, I prefer using Uphold vs On-Chain for the moment.