livingfree
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 24, 2024, 06:29:06 PM |
|
While reddit is a known website, it doesn't surprise me to see them invest because it's like another big player investing to Bitcoin. And another thing is, they didn't just invest on Bitcoin but also in some altcoins.
This is an encouragement and they have a very known platform that has millions of users globally that they can change the minds of those non coiners and unbelievers of Bitcoin. They'll have their mind get confused as to why reddit has trusted and invested on it.
Did they know something that these non coiners and unbelievers didn't know? That makes sense to them to get their own shovel and dig deeper for that very reason.
|
|
|
|
mk4
Legendary
Offline
Activity: 2870
Merit: 3873
Paldo.io 🤖
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 24, 2024, 07:14:49 PM |
|
1. We already had an idea back then that they're holding crypto. 2. Of course. It's literally guaranteed lol, a better question is which of them? 3. How is it detrimental in any way at all? One of the main points of bitcoin(and some crypto, very debatable) is value retention/increase, and some companies simply want that characteristic. You tell us how it can be detrimental.
|
Curated Crypto Airdrop Database
|
|
|
The Sceptical Chymist
Legendary
Offline
Activity: 3444
Merit: 6947
Top Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 24, 2024, 07:57:37 PM |
|
- Does Reddit's crypto investment surprise you?
It kinda does, as I have no idea why any company (aside from Microstrategy, which has Michael Saylor as its bitcoin zealot) would hold any cryptocurrency, if only because by doing so they expose themselves to incredible volatility and potential, substantial losses--or gains, of course, but my point is that it's a huge risk. They say the crypto they're holding is for product and engineering teams, but damned if I know what that means. And by the way, was Reddcoin ever officially linked with Reddit itself? That was an oddball PoS coin that I'd had my eye on for years, and it seems like it never went anywhere. Not surprising in the least, given that there are thousands of shitcoins on the market, but still.
|
|
|
|
oktana
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 24, 2024, 11:30:23 PM |
|
1. It doesn’t surprise me maybe because the platform has some times seems like a crypto platform (the fact that projects take Reddit too seriously). I know that doesn’t have anything to do with the investment but then “Reddit” and “Crypto” sound alike to me. Wouldn’t even be surprised if they wanted to create their own crypto. 2. It’s be unrealistic to say no. It’s happens that only some of these companies admit to it, but in actual sense, many of them silently invest in cryptocurrency. 3. I invoke my Fifth Amendment right and decline to answer. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
mk4
Legendary
Offline
Activity: 2870
Merit: 3873
Paldo.io 🤖
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 25, 2024, 05:10:05 AM |
|
It kinda does, as I have no idea why any company (aside from Microstrategy, which has Michael Saylor as its bitcoin zealot) would hold any cryptocurrency, if only because by doing so they expose themselves to incredible volatility and potential, substantial losses--or gains, of course, but my point is that it's a huge risk.
To be fair, they said that their crypto holdings are "immaterial". So they should be totally fine even if every single crypto they hold goes to zero. "The net carrying value of our cryptocurrencies, which consisted primarily of Bitcoin and Ether, as well as all related cryptocurrency activity, was immaterial for the periods presented." - https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htmThey say the crypto they're holding is for product and engineering teams, but damned if I know what that means. And by the way, was Reddcoin ever officially linked with Reddit itself? That was an oddball PoS coin that I'd had my eye on for years, and it seems like it never went anywhere. Not surprising in the least, given that there are thousands of shitcoins on the market, but still.
No I'm pretty sure Reddcoin is not related to Reddit at all.
|
Curated Crypto Airdrop Database
|
|
|
Vincom (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 140
Merit: 37
₿itcoin maximalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2024, 11:56:58 PM |
|
~ 3. How is it detrimental in any way at all? One of the main points of bitcoin(and some crypto, very debatable) is value retention/increase, and some companies simply want that characteristic. You tell us how it can be detrimental.
Thank you for nice question! The positive effects we see from private companies possibly holding crypto are: reduced selling pressure, good news to promote the value of crypto as an asset, helping crypto gain more investors and users. Ultimately, it will all support the token price and bring profits to holders. However I see a few potential negative effects: 1. Reduced market liquidity as a significant portion of tokens are held long-term, making it difficult for network users to access and they have to buy tokens at high prices to pay transaction fees. 2. Legal risks: besides BTC, ETH and XRP, perhaps every cryptocurrency has legal risks when the SEC still wants to control the crypto market. It may not be legal for a company to secretly hold crypto in some countries. 3. Trend amplification effect: I think companies also invest to make profits. If they also buy because of FOMO and sell out of fear, their impact on the price chart will be extremely large, especially during crypto winter. Sell-off pressure can push token price down very deeply and cause projects to face difficulties or even disappear.
|
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
|
|
|
btc78
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2604
Merit: 217
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 28, 2024, 04:53:26 AM |
|
I'd like to hear your opinion on this issue: - Does Reddit's crypto investment surprise you?
No. There are a lot of brands now that are starting to invest in crypto and even trying to advertise them. Reddit is also a forum on the internet where a lot of people talk about anything under the sun but mainly issues relating the web. So it does not come off as a surprise that an internet website is investing in a digital currency. - Do you believe other private companies are holding undisclosed crypto?
Yes. Especially if the rules and regulations of their country prohibits them to do so. But with the existence of ETF, I think they do not need to invest in crypto secretly. - Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?
I think it can be beneficial for the market in a way that most people trust these brands and if they see them investing in crypto, they might also invest in it. It’s a good image to uphold for cryptocurrency.[/list]
|
|
|
|
God bless u
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 378
Merit: 112
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 28, 2024, 06:57:18 AM |
|
It's never a surprising investment because the trends have shown that crypto can be the future of online payments. The crypto banking system is gaining popularity day by day.They are being used by freelancers, Small companies for payments and overall online community very much.
Reddit has only disclosed thats why you're shocked In my opinion there is more to disclose about these investments.companies know that crypto has a lot of potential in near future so there securing their investments and it's a sign that crypto Is going to explode in near future.
|
|
|
|
Kelward
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 28, 2024, 08:08:04 AM |
|
I'd like to hear your opinion on this issue: - Does Reddit's crypto investment surprise you?
- Do you believe other private companies are holding undisclosed crypto?
- Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?
1. Reddit investment doesn't surprise me because crypto investment is a growing trend and every corporation and private companies are gradually keying into it, some openly and others secretly. I'm sure that with time, we're going to hear of many other top companies coming out to say they hodle Bitcoin. 2. It's very possible that other private companies are holding undisclosed cryptos , basically to evade tax and to conceal their stash, especially in countries where crypto is regulated. 3. Currencies are meant to be circulating, whether it's in fiat or digital, so economically I don't think that it'll be good if a large crypto is concentrated in corporate reserves, especially as it's adoption is gradually increasing.[/list]
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
|
|
|
Adreman23
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1366
Merit: 107
SOL.BIOKRIPT.COM
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 28, 2024, 10:17:12 AM |
|
We don't really know the true motive behind reddit public statement about their crypto holdings, as they could have chosen to keep their investments private. However, it's likely that, like many companies, they are interested in earning profits, which is why they've chosen to invest in top cryptocurrencies like bitcoin and ethereum. It's starting to become concerning because now larger companies are getting involved, which could potentially lead to market manipulation. But in the end, the real winners are still those who truly believe in bitcoin.
|
|
|
|
snowpega
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 28, 2024, 01:00:07 PM |
|
I'd like to hear your opinion on this issue: - Does Reddit's crypto investment surprise you?
- Do you believe other private companies are holding undisclosed crypto?
- Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?
1. I would say this news did not surprise me at all because you will experience/ see so many companies out there who are involving themselves in participating/joining/investing in the cryptocurrency so this is not going to be a piece of surprising news as you can see $GPT has also launched its native token which has listed on okx Exchange. 2. Yes Many of the companies are involving them into the crypto space. 3. Yes Obviously, Because when big companies show their interest for the Crypto market it also gains the interest of small investors which leads to big adoption day by day and This thing makes crypto a more successful and adaptable investment in the coming future.
|
████████████████████ BitList ████████████████████ Real-Time Data Tracking Curated by The Community │││││││││││││ List #kycfree Websites │││││││││││││
|
|
|
Vincom (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 140
Merit: 37
₿itcoin maximalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2024, 10:58:17 PM |
|
3. Currencies are meant to be circulating, whether it's in fiat or digital, so economically I don't think that it'll be good if a large crypto is concentrated in corporate reserves, especially as it's adoption is gradually increasing.
I'm also thinking about this: Satoshi wanted BTC to be a currency, not a form of reserve asset stored by large organizations that limited the supply in circulation and affected economic operations. Temporarily, we only see BTC as a reserve asset so this can be considered normal, many investors are even happy that MicroStrategy owns 193K BTC and continues to buy more BTC in the future because this could help promote the price increase of BTC... Honestly I don't like this very much, it would be better if the money went into circulation and became a channel for transferring value rather than storing it value.
|
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
|
|
|
doomloop
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2024, 05:46:22 PM |
|
It's never a surprising investment because the trends have shown that crypto can be the future of online payments. The crypto banking system is gaining popularity day by day.They are being used by freelancers, Small companies for payments and overall online community very much.
Reddit has only disclosed thats why you're shocked In my opinion there is more to disclose about these investments.companies know that crypto has a lot of potential in near future so there securing their investments and it's a sign that crypto Is going to explode in near future.
We are already in the future, I mean look at the technologies we have around? And cryptos are not new and being used already. So yeah it's not that surprising. Another thing that doesn't surprise me, is the fact that I heard Reddit had a similar plan in the past and I think they even have a token already? So, I wouldn't say that this is only the beginning but we will have another crypto wave which are created by others. Cryptos are not a bank but IDK if there is such platform that exists now. It still looks helpful not only for the people but also for the crypto itself to gain more popularity. This is why we should now secure a crypto if we haven't yet or buy more coins if we are already into it, before the value explodes. Companies are disclosing these because it can hype up the market more, making them earn well.
|
|
|
|
Belarge
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 518
Merit: 100
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2024, 09:03:11 PM |
|
We don't really know the true motive behind reddit public statement about their crypto holdings, as they could have chosen to keep their investments private. However, it's likely that, like many companies, they are interested in earning profits, which is why they've chosen to invest in top cryptocurrencies like bitcoin and ethereum. It's starting to become concerning because now larger companies are getting involved, which could potentially lead to market manipulation. But in the end, the real winners are still those who truly believe in bitcoin.
Bitcoin is important for every top companies out there. The real winners are nowhere to be found because they ensure they keep themselves discreet, and away from the public. They have information that are valuable and it becomes a thing of concern whenever we witnessed the stable stream of income. These top companies will not give up but strengthen their strategies to reciprocate their techniques and actions in the system. The real winners will only continue to print easy money through the evidence of market trends.
|
|
|
|
Troytech
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 04, 2024, 01:14:56 AM |
|
The crypto landscape is evolving beyond individual investors, as public companies like MicroStrategy and Tesla have openly declared their Bitcoin holdings. However, private companies often remain silent, keeping their crypto investments undisclosed. While some, like Mt. Gox and Block.one, have made their Bitcoin stashes public, this information might only represent a fraction of the true picture [1]. This lack of transparency raises the question: how many undisclosed private company holdings are influencing the market? A recent SEC filing shed some light on this phenomenon. Reddit, on the verge of going public, disclosed its holdings in BTC, ETH, and MATIC. While the specific value remains unknown, this disclosure highlights the growing institutional interest in crypto. “We also acquired and hold digital assets that are cryptocurrencies for use by our product and engineering teams, which is limited to specific uses,” the company stated[2].I think this revelation, while surprising, aligns with Reddit's cautious approach towards crypto due to the evolving regulatory environment. Their focus on established crypto like BTC and ETH suggests a strategic investment rather than a speculative one. While Reddit's move legitimizes crypto for mainstream investors, it also sparks a crucial question: what percentage of crypto is held by undisclosed private companies, and in what value? The uncertainty surrounding the ownership of the top 100 richest Bitcoin addresses [3], potentially containing company reserves, further fuels this doubt. With millions of private companies globally [4], even a small portion holding crypto could represent a significant chunk of the total supply. This raises concern about their potential impact on market volatility through on-chain data like "Whale Activities" or "Whale Shadows." I'd like to hear your opinion on this issue: - Does Reddit's crypto investment surprise you?
- Do you believe other private companies are holding undisclosed crypto?
- Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?
References:[1] Bitcoin Treasuries[2] Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows[3] Top 100 Richest Bitcoin Addresses[4] Our global data: CompaniesI'm not quite surprised that reddit involvement with crypto as a big deal, most of this companies has been in even before most of us and decided to keep it on a low for different reasons and besides reddit has boards and sun boards all dedicated to crypto who knows if the team has found sense in it and reported to the owner 🤭 just kidding 😂 A lot of smart companies should have asset in crypto even if not bitcoin, cause the game is simple the more money invested the more the value, since they have money they could easily control and dominate any crypto they chose, and since ETF approval and black rock involvement it's clear what winning, do it's dumb not to get in now. I can't te but if they buy off a the available bitcoin and retail. Investors have very little left in their control and this companies might well control the price and if there are holding the asset would surely get even more scarce which might have positive impact on the price.
|
████████████████████ BitList ████████████████████ Real-Time Data Tracking Curated by The Community │││││││││││││ List #kycfree Websites │││││││││││││
|
|
|
Vincom (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 140
Merit: 37
₿itcoin maximalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2024, 12:15:42 AM |
|
I'm not quite surprised that reddit involvement with crypto as a big deal, most of this companies has been in even before most of us and decided to keep it on a low for different reasons and besides reddit has boards and sun boards all dedicated to crypto who knows if the team has found sense in it and reported to the owner 🤭 just kidding 😂
A lot of smart companies should have asset in crypto even if not bitcoin, cause the game is simple the more money invested the more the value, since they have money they could easily control and dominate any crypto they chose, and since ETF approval and black rock involvement it's clear what winning, do it's dumb not to get in now.
I can't te but if they buy off a the available bitcoin and retail. Investors have very little left in their control and this companies might well control the price and if there are holding the asset would surely get even more scarce which might have positive impact on the price.
I agree, perhaps such companies are holding a lot of BTC and Altcoins, they have huge financial power and will not stand out when they see huge profits from manipulating the crypto market. I personally hope that they are all diamond hands, meaning they manipulate but still have the purpose of holding top coins, especially BTC and ETH, for the long term to support the scarcity and upside potential of the tokens. If they are just traders with large amounts of capital, their continuous buying and selling behaviors can cause the market to fluctuate strongly and affect the future of many good projects.
|
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
|
|
|
Wexnident
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2024, 01:27:48 AM |
|
~
1. They tried to have their own crypto-esque type coin back then iirc? That or something related itself about them having crypto. Not really sure anymore since it was a really minor thing that caught my attention back then. 2. Yes. 3. Beneficial. I mean they add volume to the market since they're joining the race to buy crypto after all. They also increase demand since, they're probably going to hold said crypto for quite a sizeable amount of time. It's not really that surprising if companies start considering investing in crypto. If it goes well it can be pretty good profit for them not to mention that according to the article, whatever they're pouring into the market seems to be excess funds that they can manage to lose.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Promocodeudo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2024, 05:16:46 PM |
|
This is a good move for reddit and great potential for cryptocurrency. Indeed, the Bitcoin spot ETF approval has brought significant growth in cryptocurrency. Having a good impact on other altcoins like ETH and so on. I see us moving to a new era of more acceptance from other tech industries. This bold step taken by reddit company will convince other companies to see the need to invest in cryptocurrency.
This really an exciting news, looking at the number of individuals in Reddit I think this will serve as a major awareness as far as the crypto world is concerned, I know it might sound absurd there are people that are motivated to do some when the see their role model do such stuff, this singular move by Reddit will have a direct impact in the crypto industry because many Reddit users might have heard news about crypto but have no interest in it but seeing this company investing in crypto they will see crypto as a promising investment and invest. When I hear that an institution adopts crypto am always happy because this institutions are owned by influential people that's has influence to drive the market further and bring more adoption too.
|
|
|
|
Vincom (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 140
Merit: 37
₿itcoin maximalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 11, 2024, 11:52:51 PM |
|
~
1. They tried to have their own crypto-esque type coin back then iirc? That or something related itself about them having crypto. Not really sure anymore since it was a really minor thing that caught my attention back then. 2. Yes. 3. Beneficial. I mean they add volume to the market since they're joining the race to buy crypto after all. They also increase demand since, they're probably going to hold said crypto for quite a sizeable amount of time. It's not really that surprising if companies start considering investing in crypto. If it goes well it can be pretty good profit for them not to mention that according to the article, whatever they're pouring into the market seems to be excess funds that they can manage to lose. I doubt Reddit will create its own crypto/token since they are just a forum where the crypto community participates enthusiastically. Reddit is not a crypto company even though they have their own NFTs. I just hope that Reddit will become an example for private companies to boldly accept and invest in crypto, especially BTC, to increase buying pressure in the market, while helping BTC become more widely accepted. I would not be surprised if in the near future we will know more companies that have been allocating a portion of their reserve assets to crypto.
|
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
|
|
|
FinneysTrueVision
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2024, 05:23:39 AM |
|
I doubt Reddit will create its own crypto/token since they are just a forum where the crypto community participates enthusiastically. Reddit is not a crypto company even though they have their own NFTs. I just hope that Reddit will become an example for private companies to boldly accept and invest in crypto, especially BTC, to increase buying pressure in the market, while helping BTC become more widely accepted. I would not be surprised if in the near future we will know more companies that have been allocating a portion of their reserve assets to crypto.
Reddit experimented with a special Community Points feature that allowed subreddits like r/Cryptocurrency to have their own token called Moons. These tokens could be stored in your vault that also holds your profile avatar NFTs. Reddit decided to remove the feature and the Moon token lost most of its value. One of the reasons why the feature wasn’t popular might be because it led to an increase in spam from people who were engagement farming to earn more tokens rather than making organic contributions.
|
|
|
|
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
|
|
|
|