Meanwhile people are living off Patreon and other services like it.
The same would be true for actual dollars... you would have to wait for it to get high enough to justify the transaction fees but also the service time. Most service won't let you take it out until your cash reach an high limit. With a concurrency, at worse you can keep using it in other alternative ways (at a bare minimum, on your web browsing in this case).
Sure, but even with an inflation rate of 2%, if you hold USD for 10 years, its purchasing power is cut in half.
Every BAT token that’s ever going to exist has already been minted, so it can’t be inflated by creating more of it. There will be no quantitive easing, “too big to fail” or bailouts in the BAT ecosystem.
That almost certainly will not be the case for either the dollar or the Euro.
So what will be the purchasing power of BAT in 10 years?
Nothing stop you from exchanging it as soon as you can.
If the website would be offering USD instead of BAT, you would still not be able to retrieve it until it reach a amount big enough to take out (Google Ads is at 100$, 25$ for international user on Patreon). Until it's actual USD in your bank account, it's not better than BAT and depends on the existence of the service. The difference is that BAT, you can still use it if you decide to, right now.
Just look at BAT price volatility and decline over last year.
Most exchange won't let you cash out over small amounts, but you can still exchange it. You aren't subject to fluctuation if it's already exchanged.
It's so weird the amount of misinformation here... I know that people here may hate cryptocurrencies, but it's the same thing as having it stored somewhere in a DB. The only difference is that you can actually do something with it.
