So, at this very moment, no one will come out to offer their brave creators id, in order to rescue the vBats from people that haven’t options to withdraw theirs (even charging a little amount for that)?
It isn’t a good service for all that would strengthen the comunity and solve an issue?
Ps.: Sorry about my english (it isn’t my mothertongue and i didn’t make use of a translator to this post).
Oh, that explains a lot! 🤣🤣
In fact, it could be the case of a scammer’s surge and it could result in a lost of funds, but the vbats will desappear anyway 🤦🏻♂️
The possible mechanisms anti-scam could be exactly the reputation built to do so in the very r/batproject, but, since it is a violation on terms, the vBats will be destroyed. In consequence, people like me (who cannot withdraw vBats and will lost it all anyway) will always talk badly about the project and be a anti-BAt from now on. Sad, but it was the way that BAT’s team has chosen…
I think you and a lot of others are misunderstanding a lot. Practically since Rewards was first introduced, you have always needed a custodial account in order to do anything other than tip people.
Throughout the years, vBAT has had a lot of strain from fraudsters. Lots of people were using emulators, junk cell phones, etc in order to “farm” vBAT and then they were selling it to others. So they’d sell you 300 vBAT for the price of maybe 150 BAT or something. These earnings would go unreported and not necessarily used for anything legal. And the transactions in themselves were a violation of Terms of Service.
In addition to that, there have been millions of people who reinstalled devices and all, losing access to their Rewards. So let’s say there are 63 million active users, but then there’s more than 100 million Rewards accounts in addition. The majority of those are inactive. That’s a lot of money Brave has to set aside “just in case” it’s someone who still might be intending to use Brave but maybe just wasn’t active with it for whatever reason (like deployed in military, in hospital, or whatever).
The burden that this was placing on everything got to the point that Brave decided it couldn’t be delayed anymore and vBAT is being sunset. The next stage in the process is for them to do on chain payments. From what has been said, this means no custodial partners will me required. It will also allow for peer to peer tipping, which Brave will do with BAT but also discussions of integrations to allow any exchange of crypto directly to and from Brave Wallet.
But before they can do that, they needed to clear out any vBAT and settle accounts. So they are purging everything, giving several months’ notice to everyone and giving the opportunity to withdraw vBAT.
There’s no opportunity to withdraw if it’s not possible to do it from a custodial service. Being always necessary to have a custodial account to do anything than tip people, would be (always) amazing to have a possibility to do so in any user’s case 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️
All your text above is based on the premises that is possible to connect the exchange account, withdraw ur vBats and that it’s applied to everyone. Being a false premise, so the rest is just unecessary and don’t change the fact that all the accumulated vBats was just a pile of nothing since it’s not possible to connect a custodial account for so long now.
Even if they can do a “better job” in the future (being as “complient” as any shit legacy tech company), it’ll be forever a terrible start with this solution of vbat’s sunset.