News for hackers. Stuff that matters.
Re:Reddit has shut down its nascent cryptocurrency project by yafujifide on Monday February 02, 2015 @12:36PM (#8985405)
Why isn't what being brought to the reddit userbase? That they fired me? That reddit notes is now paused? They are probably waiting for the right time to make an announcement I guess. They probably didn't realize that by firing (or letting me go, whatever) that they would draw the interest of the media.
Re:Reddit has shut down its nascent cryptocurrency project by ivraatiems on Monday February 02, 2015 @12:39PM (#8985424)
Sorry - it's really all of the above. To be more clear, I will break this into some sub-questions that are hopefully less obsequious.

The "reddit is giving 10% of its shares to its users" thing was very positively received. My understanding was that redditcoin was part of that effort. Is the 10% thing still going to happen in some way? If not, why not?

Regardless of the answer to the question above, hearing that redditcoin is being cancelled would likely lead members to conclude the new leadership doesn't want the community shares system that was so touted previously. Is that the case, if you know?

And then the final, more meta question is: Why would Reddit's staff, of all people, think they could do something involving Reddit quietly?

Re:Reddit has shut down its nascent cryptocurrency project by yafujifide on Monday February 02, 2015 @01:25PM (#8985743)
> The "reddit is giving 10% of its shares to its users" thing was very positively received. My understanding was that redditcoin was part of that effort. Is the 10% thing still going to happen in some way? If not, why not?

I think they intend to make the 10% thing happen eventually, although the project is currently paused. I estimate 1+ year before any aspect of the project resumes. However, I am not privy to the conversations the executives have had about it, so I don't really know.

> Regardless of the answer to the question above, hearing that redditcoin is being cancelled would likely lead members to conclude the new leadership doesn't want the community shares system that was so touted previously. Is that the case, if you know?

I don't know.

> Why would Reddit's staff, of all people, think they could do something involving Reddit quietly?

Ha. No idea.

Re:Reddit has shut down its nascent cryptocurrency project by ivraatiems on Monday February 02, 2015 @02:12PM (#8986117)
Interesting. I appreciate your candidness!
Re:Reddit has shut down its nascent cryptocurrency project by tom-lord on Monday February 02, 2015 @12:44PM (#8985459)
I've already seen plenty of discussion about it on r/bitcoin et al. I'm pretty sure most people "in the loop" have already heard about this.