What do you think Reddit's crypto incursions will do to the market? (Opinions?)

[Lunatic_Pandora]

There has been a lot of chatter on Reddit and cryptos, both in the platform and the news lately.

From opening their crypto vault and announcing that they will launch their cryptocurrency to reward communities and their cofounders going public on their crypto assets and suddenly claiming we are at the beginning of the crypto "spring" for development...

I don't really have a solid opinion on this, but I do know China partially owns them, and they have been a massive force of censorship lately on the internet... What are your thoughts on this "perfect" storm?

[The1Duke]

What do they even mean by crypto spring, where's this even coming from?

[Lunatic_Pandora]

What do they even mean by crypto spring, where's this even coming from?

I guess they could be making this statement to pump their own crypto project but one of the cofounders said we are entering a crypto development spring season where it is expected to see a lot of massive new and advanced stuff.

https://cointelegraph.com/news/reddits-co-founder-believes-we-are-in-crypto-spring

[The1Duke]

This may just be me, but it feel like it's only a crypto "spring" to them when a bunch of big tech companies decide to get their own blockchain projects to get on the hype/not lose their position rather than making anything better.

[CuriousGeorge]

What do they even mean by crypto spring, where's this even coming from?

I guess they could be making this statement to pump their own crypto project but one of the cofounders said we are entering a crypto development spring season where it is expected to see a lot of massive new and advanced stuff.

https://cointelegraph.com/news/reddits-co-founder-believes-we-are-in-crypto-spring

The implementation of crypto on reddit is still limited on its subreddit that managed by the different party.

Reddit has nothing to do with its own crypto consider about there was no any statement that already explained it if reddit released a crypto.

[Kotone]

If the reddit is partly owned by China then I do hope the board of members are not all from them. Their censorship is most likely a contradictory on what reddit is planning here. I like using reddit platform and the addition and decision to add some tokens on their end is a good move. I just hope they would not end up like steemit that has a lot of issue lately due to Tron interference. Tech companies continue to adopt crypto and its only a matter of time before big companies will follow path on reddit.

[Lunatic_Pandora]

If the reddit is partly owned by China then I do hope the board of members are not all from them. Their censorship is most likely a contradictory on what reddit is planning here. I like using reddit platform and the addition and decision to add some tokens on their end is a good move. I just hope they would not end up like steemit that has a lot of issue lately due to Tron interference. Tech companies continue to adopt crypto and its only a matter of time before big companies will follow path on reddit.

We will have to wait and see, their massive censorship scandals started a couple of months after a huge Chinese inversion of 300m by Tencent. They own around 10% of the whole operation so you would guess their grip on them isn't that hard but...