Reddit rolls out community currencies on Ethereum

Re:Reddit rolls out community currencies on Ethereum by SigmundA on Thursday May 14, 2020 @09:54AM (#23179498)

Not sure I see the need for a blockchain here, couldn't they just store points in their db and scale much better with less complexity? Whats the blockchain advantage here?

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Re:Reddit rolls out community currencies on Ethereum by Sargos on Thursday May 14, 2020 @12:12PM (#23181285)

These BRICKS and MOONS are ERC20 tokens which means they can be traded with other users on things like Uniswap, used as collateral for loans on Compound, and integrated into games such as Cryptovoxels. Being a token enables a lot more use cases than simply being another number in their servers.

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Re:Reddit rolls out community currencies on Ethereum by ikeyany on Thursday May 14, 2020 @10:27AM (#23179927)

I imagine they're playing the long game and have future additions in mind.

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