How the Reddit MillionaireMakers Are Using the Bitcoin Blockchain
The MillionaireMakers subreddit grew out of one of Reddit's infamous shower thoughts, in which Redditor moizmie correctly posited that "If a million of us picked a certain redditor and all donated just $1, we would have the power to make someone a millionaire." Last month, a Redditor won nearly $1,000 from the budding community which was given in a combination of Changetip Bitcoin tips, Dogetipbot Dogecoin tips, straight up Bitcoin and Dogecoin transactions to posted addresses, as well as a PayPal donation address. This month, the MillionaireMakers community is ready for a second go, and....
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Reddit is the 9th most visited site in the US and ranks 36th for the entire world. Incorporating Bitcoin into Reddit would expose millions of people to the nascent technology. In the past week, Reddit Crypto Engineer Ryan Charles debuted on the Reddit Blog. The blog announced plans to integrate Reddit with Bitcoin's blockchain technology simultaneously. Recently, Reddit's CEO, Yishan Wong, resigned. Alex Ohanian, Reddit co-founder, returned as executive chairman. With that return, Reddit announced the consideration of creating its own cryptocurrency. Shares would be given to the community,....
Earlier today, Reddit posted to its blog and announced the "Reddit notes," the name of the long-awaited Reddit cryptocurrency. Reddit recently closed a $50 million USD funding round led by Sam Altman, Marc Andreessen of Andreessen Horowitz, and Alfred Lin of Sequoia Capital. Soon thereafter, Reddit announced their plans to "share" 10% of the equity raised with the loyal users of Reddit, without whom the funds could not have been raised. To help with their new cryptocurrency, Reddit posted a job ad for a "cryptocurrency engineer" and quickly hired BitPay developer Ryan Charles back in....
Reddit just revealed their plans to create a cryptocurrency as part of a widely-supported move to share 10% of the equity raised with Reddit users. Hours ago, Sam Altman, a well known venture capitalist, announced that he was investing in reddit personally, not through Y Combinator. Also joining Sam in the $50 million USD fund raise for Reddit are Marc Andreesen of Andreesen Horowitz and Alfred Lin of Sequoia Capital. Sam Altman worked alongside Reddit's cofounders, Steve Huffman and Alexis Ohanian, nearly a decade ago when they were in the same Y Combinator's start-up batch. Editor's....
Yesterday, Reddit's admin Yishan announced that they plan to create a cryptocurrency. Reddit raised $50 million in funding, and plans to share 10% with the userbase somehow, calling for the possible need for a cryptocurrency. The plan is in its infancy, but Andrew Barisser of Assembly Coins wrote an open letter to Reddit. He makes a strong argument for Reddit building on top of the Bitcoin blockchain, rather than creating another altcoin. Barriser says: "From a technical point of view, however, Reddit stands at a crossroads with many different paths. How to implement their vision so that....
Devs of the Reddit Moons project recently announced that Moons are going to be moved to a new scaling network. This is part of the overall plan to bring Reddit Moons to the Ethereum Mainnet. Scaling continues to be a big bottleneck in the blockchain industry and developers behind Reddit Moons are working to scale […]