Former Reddit Cryptocurrency Engineer Explains How His Decentralized, Bitcoin-Powered Social Media Platform Will Work
The idea of a social media platform with Bitcoin-powered financial incentives has become rather popular ever since former Reddit Cryptocurrency Engineer Ryan X. Charles wrote about how Bitcoin could be used to solve some of Reddit’s core issues earlier this year. Although many believed that this new social media application would be nothing more than a....
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Former Reddit Cryptocurrency Engineer, Ryan X. Charles, is currently working on a new, bitcoin-powered social network, but he isn’t focused on creating something that will only be used by the Bitcoin community. In a recent interview on Epicenter Bitcoin, Charles noted that creating an app used by a mainstream audience would have much more value than simply creating /r/Bitcoinwith micropayments. Charles’s new platform is called Yours and the main goal is to create a way for content creators to get paid for their digital content directly from their audiences. Although he used to work at....
Ryan X. Charles was the official cryptocurrency engineer at Reddit, and readers may remember his abrupt firing earlier in the year. In a new blog post, Charles talks about how the CEO at the time of his hiring was in favor of decentralizing Reddit. The post makes plain the basics of decentralizing a social media platform the size of Reddit although it doesn't delve too deeply into the mechanics. Bitcoin would be essential in terms of incentivizing a lot of people to host the content of a lot of other people. This is the fundamental reason many systems cannot be decentralized without some....
Ever since former Reddit Cryptocurrency Engineer Ryan X. Charles published a Medium post about fixing some of Reddit’s core issues with Bitcoin, the community has been obsessed with the thought of a social media platform with financial incentives for publishers. Although some believe that simply cloning Reddit and attaching bitcoin to upvotes would be....
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 engineer, Rahul, highlights the social media platform's efforts to improve user interaction through various cryptocurrency initiatives. American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform had launched its own layer-2 rollup....