Cryptocurrency Risk

This whole blockchain ledger thing is complicated, risky, and unpredictable. There’s a lot that can go wrong. Brave (the Brave web browser) contains several features which interact with the Ethereum blockchain system and with various services which exchange cryptographic assets. You should only use any of these features if you understand the risks involved — and there are a lot of risks! We (Brave Software Inc.) outline some of those risks here, but this is barely an overview. You should only mess with this stuff at your own risk. If things go wrong, that’s on you, not us. Don’t say we didn’t tell you, because this is us telling you.

We made Brave, but we don’t promise that it works, that it’s reliable, or that the things it does are the correct things to do. Brave is provided exactly as-is, without any expressed or implied warranties of any kind, including of merchantability or of fitness for any particular purpose. We especially do not promise that Brave will keep safe your cryptographic assets, send them where you want them to go, or otherwise not accidentally delete them.

Ethereum is a shared append-only asset ledger and global distributed computation system which can be used for all sorts of things, including moving around a core asset called Ether (“ETH”) and various other categories of fungible and non-fungible assets like the Basic Attention Token (“BAT”) which you know and presumably love. Unfortunately, shared append-only asset ledger and global distributed computation systems are pretty new, and wholly unpredictable. We have no idea if this whole Ethereum thing is reliable. It could break at any moment for any number of reasons. Maybe for reasons nobody has even imagined. And if it does, those various assets may suddenly be worthless. You should only use this stuff if you’re okay with that.

Talking of worthless, those assets can change in value even if Ethereum doesn’t break. We’re not going to give you investment advice. And that non-advice is that nobody knows what the heck is going to happen to the value of this stuff in the next ten seconds, let alone the next few weeks or months. Investing in stock-markets is risky enough and those things are well managed regulated. This stuff out there on a dream and blockchain and who knows what comes next. People might speculate, the value might fluctuate, and you might be left holding the bag. You should only use this stuff if you’re okay with that.

Maybe the cryptographers who designed the basic operations Ethereum is based on were wrong, or maybe the people who built Ethereum used those basic building blocks wrong, or maybe the software implements them wrong. What we’re saying is that the crypto in cryptographic assets is as much a risk as the asset part. If someone finds a bug, they have a very good incentive to exploit it to steal your assets. You should only use this stuff if you’re okay with that.

So what we’re saying is that you are the only person responsible for what happens when you use Brave. This is all at your own risk. We and the people we work with are super duper absolutely not responsible if you lose out in any way for any reason, whether we noted it above or not, whether we’re aware of it or not, whether it’s because Brave did the wrong thing, or didn’t do the right thing, or failed to work some other way. We’re not responsible even if you lose things other than the assets you put in, like profits, or goodwill, or data, or we don’t know literally anything else. Do not rely on this.

In some places, we’re responsible for what happens even if we told you so (again: this is us telling you so), so some of this may not apply to you.