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Bitcoin is a financial payments system.

File coin is a digital decentralized storage system.

Brave is an advertisement compensation mechanism.

Bitcoin can have TX extra info, and data but using Bitcoin as decentralized storage is really inefficient, & unpopular, Ordinals proved that to be true.

BAT needs to have a high supply in order to generate micropayments to users for seeing ads, There's only 21 Million Bitcoin which would eventually run out, and the high fees would make transmitting small amounts to user inefficient.

(>0_0)> 1y ago

The video I linked specifically calls out Filecoin as being created to incentivize people to store data for IPFS. Is that no longer the case? From what I can find you are still rewarded in Filecoin tokens for storing data.

I’m not advocating storing the actual data on the Bitcoin blockchain.

Really it seems that Brave just wants the ability to create tokens out of thin air (inflation).

With 100,000,000 sats per Bitcoin (and there are 21,000,000 Bitcoin) it seems to me that there would be plenty of Sats to go around for both purposes. Both projects could just zap people’s Lightning wallets.

As you say Bitcoin is a financial payment system and I want to be paid to store data and view ads. I don’t want to be given tokens that are only useful within the context of a particular project.

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Discussion

Jordan S 1y ago

My point is not everything should be built on bitcoin.

Bitcoin can only do one thing, & that it doesn't even do all that well nowadays.

Sure can people build other protocols types on Bitcoin but should they, No.

Let other projects address their issues, technologies continue to innovate, and improve, and part of that is competition, so"shitcoins" are good for Bitcoin because it forces Bitcoin to improve on what it can, and let's other tools do what Bitcoin can't do.