Reddit has shut down its nascent cryptocurrency project

Re:Reddit has shut down its nascent cryptocurrency project by yafujifide on Monday February 02, 2015 @01:14PM (#8985662)

Yes, he quit over a disagreement about the precise location of the office. Definitely camel's back. Reddit has been through a lot of turmoil recently:

1) Moving entire remote company to SF

2) Raising $50 million

3) Many employees, sometimes key, quitting

4) Celebgate

The disagreement over Daly City/SF probably just put Yishan over the top. Since then, more turmoil:

6) Yishan quit

7) Entire company actually performs the relocation

8) A new office is found and moved to in SF

9) New executives take over. Probably some power struggles which I didn't see.

10) New product plan is laid out for 2015. Does not include cryptocurrency.

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Re:Reddit has shut down its nascent cryptocurrency project by pluma on Monday February 02, 2015 @03:35PM (#8986750)

> Celebgate

AKA The Fappening, the massive celebrity photo leak/hack last year. Just in case anyone else didn't pay enough attention at the time to have heard of both terms. Apparently Reddit was in a bit of a pickle because subreddits were created to spread the photos and not all of them were strictly against the site's terms.

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Re:Reddit has shut down its nascent cryptocurrency project by colmvp on Monday February 02, 2015 @01:26PM (#8985746)

I just want to thank you for your transparency.

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Re:Reddit has shut down its nascent cryptocurrency project by yafujifide on Monday February 02, 2015 @01:36PM (#8985830)

For sure! I'm a strong believer in transparency. Trying my best to be open and honest.

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