UPDATE: Reddit is experimenting with “Community Points” – a new system for subreddits (communities) that gives users extra benefits. These are stored using Ethereum’s ERC-20 token standard. Let’s discuss!

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UPDATE: Reddit’s blockchain-based points system confirmed to be on Ethereum, and lot more! from CryptoCurrency

https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system

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34 COMMENTS

  4. Very good news for adoption. ETH is the only legitimate coin beside bitcoin that is trying to its best to be decentralized. This will bring in adoption.

  21. These new tokens just sound like another avenue to manipulate what gets viewed and what gets valued.. Who’s time say that just because an individual has reputation and tokenised backing means that their bias is legitimately valid?.. Seems like a tool for propaganda in my subjective view, probably needs further looking into.

  23. Ethereum was unable to handle transactions in crypto kitties …. Reddit is way bigger than that…… It will be interesting to see how it turns out as ethereum scalibility is still questionable ….. Interesting times ahead 🙂

  25. I thought for a second thay Reddit was going to use ETH as money and use it as their token, and Inwas shocked they chose unsound money instead of bitcoin. But in fact they are just using it to create their own shitcoin. It's stupid.

  26. Bitcoin has seen some notable growth throughout the past week, where the price has risen to its initial point before the drastic fall due to the COVID-19 pandemic outbreak, this goes to show that the outbreak has little or no effect on the price of bitcoin, making it the only currency with a high resistance level, traders have flood the crypto market making it's strength limit a little stronger than it used to be, the best time to go into bitcoin was 11 years ago when it was worth 1 buck and the next best time is now, because the market is set to shoot off, and am trading with so much confidence because Allen Albert's strategies are so accurate, i literally trade without stress and losses are to the barest minimal, Albert is one of the good ones who know how to read and understand the market. and if you are planning on going into the crypto market i would advice you contact an expert in the crypto field to direct you, he can reached on watsap and telegram (+447380356836/ alberttrade) respectively.

  29. Heads up guys! Google will be releasing a cryptocurrency "Pi Network", it will be the first ever cryptocurrency that can be MINED ON YOUR PHONE. It isn't worth anything right now but niether was Bitcoin in 2008. Check out "Pi Network" in the app store. It's in beta right now so you will need an invite, use: Turqymd
    Who knows, it might be something very valuable one day.

  32. I know people hate EOS for whatever reason, but if this Ethereum based crypto is actually going to work as designed then eventually Reddit is going to have to migrate to the EOS platform. Ethereum in it's current state is not going to handle the volume.

  34. Really reddit is just copying MINDS token setup by using eth. GO check out what MINDS did 2 years ago. Reddit will probably flesh out the concept better than minds probably, they have had 2 years to learn from it.

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