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Author Topic: Reddit is thinking about creating a cryptocurrency  (Read 1516 times)
BlackVista
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September 30, 2014, 08:32:08 PM
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https://www.reddit.com/r/blog/comments/2hwpmm/fundraising_for_reddit/ckwph30?context=3

Given how many users Reddit has, I think it could be incredibly cool and raise pretty big awareness about cryptocurrencies. 
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25hashcoin
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September 30, 2014, 08:35:27 PM
 #2

https://www.reddit.com/r/blog/comments/2hwpmm/fundraising_for_reddit/ckwph30?context=3

Given how many users Reddit has, I think it could be incredibly cool and raise pretty big awareness about cryptocurrencies.  


No.

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September 30, 2014, 08:42:36 PM
 #3

https://www.reddit.com/r/blog/comments/2hwpmm/fundraising_for_reddit/ckwph30?context=3

Given how many users Reddit has, I think it could be incredibly cool and raise pretty big awareness about cryptocurrencies.  


No.

Why did you edit your original (most eloquent) post "nah, fuck reddit", only to replace it with this one which lacks a certain je ne sais quoi?

It was so well argued after all!


(Sorry I have nothing original to add to the thread so am reduced to poking fun at newbies (again)).
trolek1
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September 30, 2014, 08:45:42 PM
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What site is next? Google cryptocurrence or ebay-coin?
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September 30, 2014, 08:47:10 PM
 #5

https://www.reddit.com/r/blog/comments/2hwpmm/fundraising_for_reddit/ckwph30?context=3

Given how many users Reddit has, I think it could be incredibly cool and raise pretty big awareness about cryptocurrencies.  


No.

Why did you edit your original (most eloquent) post "nah, fuck reddit", only to replace it with this one which lacks a certain je ne sais quoi?

It was so well argued after all!



Didn't want to take away from my voiced opinion that this is a terrible idea. Reddit should feel shamed.

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franky1
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September 30, 2014, 08:54:21 PM
 #6

reddit is not making a crypto..
however a user that has moderator status of a few subthreads they created, is now shouting out about making a altcoin.. again. a USER. not the reddit CEO

so heres the problems i see
1. if there was a reddit coin. and it happen to get such fame that reddit adopted it to replace the reddit gold. then, there would be nothing to stop people removing value out of reddit (withdrawing gold) to then convert into fiat for users selfishness.
2. if its a crypto with people having wallets outside of reddit.. then its minable, thus not helping reddit.
3. if reddit made a coin purely for closed source internal use to keep control and get people to buy coin from them only.. then they might aswell stick with mysql and not have a blockchain.

so there are the 3 reasons reddit themselves are not really interested in making a coin themselves. its much easier to accept donations of bitcoin

 

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September 30, 2014, 08:54:50 PM
 #7

https://www.reddit.com/r/blog/comments/2hwpmm/fundraising_for_reddit/ckwph30?context=3

Given how many users Reddit has, I think it could be incredibly cool and raise pretty big awareness about cryptocurrencies.  


No.

Why did you edit your original (most eloquent) post "nah, fuck reddit", only to replace it with this one which lacks a certain je ne sais quoi?

It was so well argued after all!

Grin

If the people at Reddit are smart they will use one or two of the existing Bitcoin 2.0 technologies (like MasterCoin) to issue their securities. It would save them a lot of work and cost. And they'd possibly get a bigger capital inflow from the Bitcoin community as well.

Whether they do it or not, I think it adds credibility to the usefullness of cryptocurrencies.

ya.ya.yo!
pizza77
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September 30, 2014, 09:00:30 PM
 #8

We had a red coin, and a redd coin. If it's not officially made by reddit then they can't use the name reddit. What will they call it?
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September 30, 2014, 11:18:10 PM
 #9

2. if its a crypto with people having wallets outside of reddit.. then its minable, thus not helping reddit.

PoW is not the only option. There are also PoS and other options.
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September 30, 2014, 11:23:29 PM
 #10

Yet another unimaginative fork?
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October 01, 2014, 01:41:02 AM
 #11

I just don't get why people dont stick with bitcoin. I guess they think they can make a shit ton by pre-mining,etc. But, im sick of seeing all these alt coins. We have enough, now, if someone comes out with the magical alt coin that solves ALL the problems, then ill take a look, but until then most alt coins are just that, alt...
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October 01, 2014, 01:55:14 AM
 #12

Gay.

and they already did they took an old coin called RedCoin and tacked on another 'd' and cloned it.. calling it Reddcoin  Roll Eyes
that was pretty much their coin so.. close enough.

Reddit is gay bullshit for faggy Tweens who wanna spout off.. only problem is kids are fucking stupid lol

Kiddiots = Reddiots

FUD first & ask questions later™
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October 01, 2014, 03:08:49 AM
 #13

reddit is not making a crypto..
however a user that has moderator status of a few subthreads they created, is now shouting out about making a altcoin.. again. a USER. not the reddit CEO

so heres the problems i see
1. if there was a reddit coin. and it happen to get such fame that reddit adopted it to replace the reddit gold. then, there would be nothing to stop people removing value out of reddit (withdrawing gold) to then convert into fiat for users selfishness.
2. if its a crypto with people having wallets outside of reddit.. then its minable, thus not helping reddit.
3. if reddit made a coin purely for closed source internal use to keep control and get people to buy coin from them only.. then they might aswell stick with mysql and not have a blockchain.

so there are the 3 reasons reddit themselves are not really interested in making a coin themselves. its much easier to accept donations of bitcoin

 

Actually "yishan" is the Reddit CEO. Here's an article where he is quoted about it: http://techcrunch.com/2014/09/30/reddit-scoops-up-50m-series-b-from-sam-altman-a16z-sequoia-at-500m-valuation/

They want to use it to redistribute 10% of $50 MM. back to the community.


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October 01, 2014, 03:28:04 AM
 #14

We had a red coin, and a redd coin. If it's not officially made by reddit then they can't use the name reddit. What will they call it?

Karma coin

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TaunSew
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October 01, 2014, 03:30:03 AM
 #15

reddit is not making a crypto..
however a user that has moderator status of a few subthreads they created, is now shouting out about making a altcoin.. again. a USER. not the reddit CEO

so heres the problems i see
1. if there was a reddit coin. and it happen to get such fame that reddit adopted it to replace the reddit gold. then, there would be nothing to stop people removing value out of reddit (withdrawing gold) to then convert into fiat for users selfishness.
2. if its a crypto with people having wallets outside of reddit.. then its minable, thus not helping reddit.
3. if reddit made a coin purely for closed source internal use to keep control and get people to buy coin from them only.. then they might aswell stick with mysql and not have a blockchain.

so there are the 3 reasons reddit themselves are not really interested in making a coin themselves. its much easier to accept donations of bitcoin

 

Actually "yishan" is the Reddit CEO. Here's an article where he is quoted about it: http://techcrunch.com/2014/09/30/reddit-scoops-up-50m-series-b-from-sam-altman-a16z-sequoia-at-500m-valuation/

They want to use it to redistribute 10% of $50 MM. back to the community.



So it's an air drop (they've been failing since the 1990s) and a centralized currency just like Ripple / Stellar - no thanks.

Just a money making scheme for Reddit forum - move along.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
steady712
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October 01, 2014, 04:01:18 AM
 #16

reddit is not making a crypto..
however a user that has moderator status of a few subthreads they created, is now shouting out about making a altcoin.. again. a USER. not the reddit CEO

so heres the problems i see
1. if there was a reddit coin. and it happen to get such fame that reddit adopted it to replace the reddit gold. then, there would be nothing to stop people removing value out of reddit (withdrawing gold) to then convert into fiat for users selfishness.
2. if its a crypto with people having wallets outside of reddit.. then its minable, thus not helping reddit.
3. if reddit made a coin purely for closed source internal use to keep control and get people to buy coin from them only.. then they might aswell stick with mysql and not have a blockchain.

so there are the 3 reasons reddit themselves are not really interested in making a coin themselves. its much easier to accept donations of bitcoin

 

Actually "yishan" is the Reddit CEO. Here's an article where he is quoted about it: http://techcrunch.com/2014/09/30/reddit-scoops-up-50m-series-b-from-sam-altman-a16z-sequoia-at-500m-valuation/

They want to use it to redistribute 10% of $50 MM. back to the community.



So it's an air drop (they've been failing since the 1990s) and a centralized currency just like Ripple / Stellar - no thanks.

Just a money making scheme for Reddit forum - move along.

Totally agree
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October 01, 2014, 07:31:08 PM
 #17

What site is next? Google cryptocurrence or ebay-coin?
Facebook Credits failed miserable, not a crypto nevertheless corporate, centralized, get away from it
 
The way things are going, soon every company and private person has his one coin

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October 01, 2014, 08:25:25 PM
 #18

(Coindesk.com) Reddit Raises $50 Million, Plans New Cryptocurrency to Reward Users

..for your reading pleasure ;)

uhhh soooo Reddit "raised" 50 million dollars usd to "give away" ? uhhh what ? LOL
what did they say at the fund raiser ?
hey everyone we want colossal amounts of money.. we're not sure why yet but we'll most likely just give it away HAHHHAHHAHAHHAHHAHAHHAHAHHAHHAHA

aww god these fucking fags kill me I AM LAUGHING SO FUCKING HARD AHAHHAHAHHAA

like muthafuck does it automagicaly make you a fucking raging CORRUPT scheming retard the second you have anything to do with Reditt or what ?
like man these cum-guzzlin crypto queens just kill me LOLOLOL

and THEN the kicker is the idiots want to start ANOTHER crypto-currency to "give away" coins ?
yeah suuuuure.. all the other guys who made 1,000+ coins did so just to GIVE AWAY coins too  ::)

OMFG i just can't take it anymore.. you fucking scheming clown douches in crypto make me rofl my fucking balls off !
this is turning out to be the super web circus of scammery the ultimate interwebs show of all time.. grab your popcorns
and kick back and watch all the little scheming faggots try and worm your Bitcoin or Fiat away form you for ohhhhhhHHHHHHH so Noble causes  ::)
Save the mother fuckin' whales .................gimme your Bitcoin to do it LOL

FUD first & ask questions later™
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October 01, 2014, 08:59:56 PM
 #19

Does Reddit even have $50 million in disposable cash?  I think what they meant is they tacked on an artificial price to these Reddit coins and are expecting buyers to honor that price, which shows how naive they are.  If there's no way to negotiate the price for these coins then it's not a crypto currency but like Amazon coins.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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