You are viewing a single comment's thread from:

RE: Could Reddit Be Ready To Launch Its Own Cryptocurrency?

in GEMS2 years ago

I highly doubt Reddit will be looking at a fully decentralized system and could simply use it as an in-app currency with blockchain used to make it easier to manage.

I'm not sure how adding blockchain makes a centralized database easier to manage. In fact it just adds un-needed complexity.

It's a gimmick to keep Reddit innovating. Blockchain is the buzzword of last decade, and maybe for this decade, but we haven't seen it yet.

Sort:  

It won’t be Reddit’s content but managing either the karma or native tipping they might want to do! It’s probably just an overlay feature to compliment their current system

It is a total buzzword and I don’t see why a centralized site would want users to tip or transfer capital Unless they are taking a feee

It does however makes sense if want to do more monetization features like closed communities and subscription and all that and take a fee instead of trying to build their own tokenomics which has been so far quite the stuff up for many projects