jack's avatar
jack 2 years ago
What happened with Reddit

Replies (98)

scl's avatar
scl 2 years ago
The MBAs got in
Moons got launched on ETH (used for tipping on Reddit) Moons launched on Kraken Redditors and traders got rugged People frustrated and sad
Dimi's avatar
Dimi 2 years ago
Power tripping money grabbing weaklings. Pathetic.
They had a token called $beans they were paying people in or something, and then everyone got rugged. Now they're pissed, understandably.
sad story . they had the genius idea to rename "nft" to "collectible" and it worked like crazy . People there are really convinced avatars for profile is not the same as an nft ! The market dirves again and with the bear, the marketting team has cut it . sad
You’re surprised as much as I am. If people actually knew how Reddit worked they might think otherwise.
Like Adam, they couldn’t avoid eating from the print-your-own-money tree.
Hey Jack! Reddit rugged their Moons token used by the /r/Cryptocurrency subreddit. Moons were essentially community points on Ethereum. They gained traction this past year and even got listed on Kraken. Lots of people started to buy them, trade them, horde them, etc. Reddit announced recently that they were sunsetting the program and all of the whales dumped their bags. Lots of people feel betrayed. So, I figured that since these users appreciated creating content and getting paid for it, why not tell them about Nostr, highlight Zaps, and how we're building a value for value decentralized economy here. I made a post on Reddit in their cryptocurrency subreddit. It's currently at 50K views and 400 comments. It's doing really well. I've been answering questions all afternoon and on-boarding people to Nostr. 🤙🏻💜🫂 Pura vida.
Default avatar
nobody 2 years ago
Did an IPFS file finally load or something?
LoneWolf's avatar
LoneWolf 2 years ago
Funny how it turns out Reddit decided to crush web3 out of their platform. Oh well, their message was received loud and clear.
Default avatar
nobody 2 years ago
at least the dude married serena williams; she has a body to aspire to
They issued unregistered securities to pay their mods and users and then realised that was a really bad idea so dropped the project. BUT they told their mods an hour before the users so the mods dumped tens of thousands of dollars worth of the "tokens". Now everyone is pissed.
Reddit got wrecked by itself. Centralized powers destroyed what RCP's had in motion which means decentralized platform become in demand.
Echo chamber took over and corporate policies allowed it to drown out dissent.
They killed Schwartz and then used pizzagate and 2016 election to justify quarantining communities of free thought. Free thinkers stopped posting, then state funded propaganda farms filled the gaps with fake narratives. It is now a complete echo chamber of GPT powered NPC thinking
reddit started going down hill after that guy killed himself facing life in prison for stealing some pdfs behind a paywall.
Bara's avatar
Bara 2 years ago
i cashed out all my reddit points a week in advance due to having insider connections. that's life, kid