Brave founder admits his ‘decentralized’ web platform is ‘semi-centralized’

Fledging web browser Brave, which doubles as an ecosystem for rewarding content creators with its native cryptocurrency, has drawn heavy criticism for the way it intends to combat fraudsters looking to exploit its platform for profit. Riccardo Spagni, spiritual leader of privacy-focused cryptocurrency Monero, says those in charge of Brave may have inadvertently afforded themselves power to “steal” unclaimed Basic Attention Tokens (BAT), Brave’s internal ERC-20 token. Oh wow – this is amazing, I just read up on the clawback. The BAT ToS let’s them steal “unclaimed” tokens after 90 days, but they can also use “Sybil attack investigation” and KYC/AML excuses…

This story continues at The Next Web

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