[2014-12-11] Reddit will work with Bitcoin & the Blockchain

[LiteCoinGuy]

Reddit Raises $50 Million, Plans New Cryptocurrency to Reward Users

Reddit has announced a new $50m funding round that could lead to a unique way for the social network to give back to its community – its own cryptocurrency.

In a post on the company’s official blog, CEO Yishan Wong revealed Reddit had secured funding from a number of well-known venture capitalists and VC funds.

http://www.coindesk.com/reddit-50-million-new-cryptocurrency/


after that news some weeks ago we have some comments from the main reddit-dev about bitcoin and reddit:

---------

"It's definitely long-term. Bitcoin technology will ultimately become integral to reddit. We've had some internal brainstorming about ways we could integrate - the possibilities are enormous.

Our focus right now is on the digital asset. Announcements forthcoming."


---------

"Great question! First of all, see Oleg Andreev's excellent article "The universe wants one money": http://blog.oleganza.com/post/54121516413/the-universe-wants-one-money

Competing with bitcoin wouldn't make any sense. Rather than compete, we want to build on and with the bitcoin community. We will not create a currency that competes with bitcoin. Instead, we will leverage the blockchain (The Blockchain, i.e., the bitcoin blockchain), and quite possibly also sidechains, in order to build our technology.

We are not making an altcoin."

-----------

https://np.reddit.com/r/blog/comments/2owj55/welcome_drew_ryan_mike_daniel_joe_dave_david/cmral8p




very good news 

[freedomno1]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

[LiteCoinGuy]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

[freedomno1]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin.

Ah, thanks for the clarification
(When I hear pegged for some reason I'm thinking Bitcoin is the gold standard and coins like reddit-coin would adjust their supply to keep it in a trading range)

[tins]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

I thought Dogecoin was the official altcoin of Reddit, already? Don't they have more members that BTC?

[LiteCoinGuy]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

I thought Dogecoin was the official altcoin of Reddit, already? Don't they have more members that BTC?

thats wrong ;-) - and people already love tipping with bitcoin, no more dogecoin required.

[tins]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

I thought Dogecoin was the official altcoin of Reddit, already? Don't they have more members that BTC?

thats wrong ;-) - and people already love tipping with bitcoin, no more dogecoin required.

I wouldn't know. I'm active on 4 different forums (Bitcoin, Insurance agents, Coin collectors, MMA)...wife told me it would not be a good idea to join any new site that could suck me in for more hours of wasted time...women be crazy 

[LiteCoinGuy]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

I thought Dogecoin was the official altcoin of Reddit, already? Don't they have more members that BTC?

thats wrong ;-) - and people already love tipping with bitcoin, no more dogecoin required.

I wouldn't know. I'm active on 4 different forums (Bitcoin, Insurance agents, Coin collectors, MMA)...wife told me it would not be a good idea to join any new site that could suck me in for more hours of wasted time...women be crazy 

haha...but maybe she loves that bitcoin song  :

https://www.youtube.com/watch?v=md4cPHFBeiU

[LiteCoinGuy]

Announcing reddit notes

We raised some funding in September, and we promised to reserve a portion to give back to the community. If you're hearing about this for the first time, check out the official blog post here.

http://www.redditblog.com/2014/12/announcing-reddit-notes.html

(its NO altcoin)

[the_reprobate]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

Or maybe they could call it reddcoin and claim it is the social cryptocurrency.  Oh wait.

[LiteCoinGuy]

http://techcrunch.com/2014/12/19/reddit-announces-redditnotes-a-way-to-share-equity-with-readers/

[Neg]

So there will be a reddit coin
(Kind of interested in it want to premine it haha)

Perhaps most notably for the digital currency community, however, was that all of these investors agreed to set aside 10% of the round’s proceeds to give back to the community, well guess we will need to wait for more info when it comes out.

No. Maybe some coin which name is "reddit-coin" but which is pegged to Bitcoin. No altcoin. They will use the BTC Blockchain for their project.

Hmm, if it's not an alt coin why can't they just use bitcoin? It's already very popular on there because of changetip etc.

[LiteCoinGuy]

Reddit announces it will give $5 million to its users in the form of 'Notes'

http://www.theverge.com/2014/12/20/7427491/reddit-notes-announced-give-5-million-dollars-to-users

[lihuajkl]

Reddit has clarified that they will integrate bitcoin, not create any altcoin! It is wise decision. Bitcoin is already popular among its members. If Creating altcoin is really wasting resource and never able to beat bitcoin!