Reddit's Cryptocurrency Engineer Hints at Secret Bitcoin Project Plans
Given Reddit's status as perhaps the most prominent social network for bitcoin discussion, it is unsurprising that the wider community took notice when former BitPay developer Ryan X Charles was brought on board as the site's first 'cryptocurrency engineer' this September. Interest was further piqued with the announcement that, fresh off $50m in new funding, Reddit would go beyond simply embracing bitcoin as a currency, seeking instead to give 10% of the round to users through a cryptocurrency backed by its own shares. Since then details about the project have been scarce. However, Charles....
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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....
Ryan Charles, the former Cryptocurrency Engineer hired by Reddit to work on a cryptocurrency for the front page of the internet, has been let go. Ryan Charles explained his previous motivations for leaving BitPay to join up as the world's first Cryptocurrency Engineer: I was won-over by the then-CEO Yishan, who had an awesome vision for the future of reddit, including cryptocurrency as the financial system of the internet city that is reddit. However, Yishan suddenly and unexpectedly resigned his position a month or two later, probably due to exhaustion. Ryan Charles Says Reddit Isn't....
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,....
Ryan X Charles has been let go from his post as cryptocurrency engineer on social platform Reddit. The developer, who only this week demonstrated his proof of concept forpeer-to-peer bitcoin payments on the site, announced the news in a Reddit post, saying: 'I have complete confidence in the new leadership, but cryptocurrency is no longer in their plans.' He added that he was 'fairly confident cryptocurrency will return to Reddit in the coming years', but that it would "have to wait a while for things to calm down" - a reference to the company's current situation after the sudden departure....
Reddit has announced that its merchandise store, RedditMarket, is now accepting bitcoin. Coinbase will process users' payments on the platform, which sells a variety of Reddit paraphernalia, including a $142 plush toy of the site's mascot, Shoo. Reddit's decision was well-received on Twitter, although some users expressed their wish for RedditMarket to accept other altcoins such as dogecoin. When the announcement was posted on Reddit it attracted a positive response from seemingly excited bitcoin aficionados. The news comes a couple of months after Reddit's cryptocurrency engineer, Ryan X....