Is Reddit Planning a Cryptocurrency?

Is Reddit Planning a Cryptocurrency?

Ah, Reddit. Such a fantastic website. A place to learn things from other members, view hilarious GIFs, and for the bitcoin enthusiast, a community active enough to keep you reading for days. And they've announced today that they've received a whopping $50 million in funding from Sam Alton, along with Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz. So what's this got to do with bitcoin/cryptocurrency? Well, they're planning to give ten percent back to the Reddit community. Seriously. And one of the ways they are considering doing that is with cryptocurrency. Here's....


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Quotes

The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society.

Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Ne