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Author Topic: 2013-02-15 techcrunch.com - Reddit Starts Accepting Bitcoin for Reddit Gold Purc  (Read 1070 times)
julz (OP)
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February 14, 2013, 10:04:01 PM
 #1

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Reddit Starts Accepting Bitcoin for Reddit Gold Purchases Thanks To Partnership With Coinbase


Drew Olanoff
2013-02-15

http://techcrunch.com/2013/02/14/reddit-starts-accepting-bitcoin-for-reddit-gold-purchases-thanks-to-partnership-with-coinbase/

Bitcoin is the “underground” digital money system that’s fueling growth and disruption in the online payment space.
...
While Reddit isn’t exactly a “mainstream” site yet, it is definitely the most widely used site to start accepting bitcoin that I can think of.
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Will Reddit push bitcoin into the mainstream? We will see, but as usual, the Redditors have gotten what they’ve wanted.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Stephen Gornick
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February 15, 2013, 12:42:13 AM
 #2

While Reddit isn’t exactly a “mainstream” site yet, it is definitely the most widely used site to start accepting bitcoin that I can think of.

The part of the copy that I don't follow reads:

Quote
As people start using bitcoin on Reddit, they’ll want to take their wallets to other merchants. That build of demand will hopefully break bitcoin into the mainstream.

Are they planning to make Reddit Gold work payments outside of Reddit?

Unichange.me

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Tittiez
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February 15, 2013, 11:32:51 AM
 #3

While Reddit isn’t exactly a “mainstream” site yet, it is definitely the most widely used site to start accepting bitcoin that I can think of.

The part of the copy that I don't follow reads:

Quote
As people start using bitcoin on Reddit, they’ll want to take their wallets to other merchants. That build of demand will hopefully break bitcoin into the mainstream.

Are they planning to make Reddit Gold work payments outside of Reddit?

No, I think it is saying that "If reddit makes bitcoin more popular, then bitcoin users will want bitcoin to be accepted on other mainstream sites." or something.
Piper67
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February 15, 2013, 12:43:55 PM
 #4

While Reddit isn’t exactly a “mainstream” site yet, it is definitely the most widely used site to start accepting bitcoin that I can think of.

The part of the copy that I don't follow reads:

Quote
As people start using bitcoin on Reddit, they’ll want to take their wallets to other merchants. That build of demand will hopefully break bitcoin into the mainstream.

Are they planning to make Reddit Gold work payments outside of Reddit?

No, I think it is saying that "If reddit makes bitcoin more popular, then bitcoin users will want bitcoin to be accepted on other mainstream sites." or something.

It means that if you're setting up a wallet to pay Reddit, well, now that you have a wallet, you're going to be curious as to where else you can spend these Bitcoin thingies...
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