Reddit slide own cryptocoin indefinitely




Reddit is certainly no plans to set up their own cryptocoin. The employee who worked on cryptocoin support is fired and the new CEO of Reddit would have little interest in the project.

Reddit The developer who worked on the cryptocoin support in Reddit writes in a comment on the same site that the current top of the company little interested in crypto coins, unlike the recently stepped CEO Yishan Wong.

Reddit decided last year, after a successful investment round, to give back a portion of the shares to the active users of the site. That would take the form of ‘Reddit Notes’ shares that would be too if cryptocoin use. Those plans are now suspended.

Alex Onahian, co-founder of Reddit, writes on Hacker News that the company still plans to return the shares to the general public. However, the company would like to wait until the ‘law and technology around crypto coins have been further developed.

The layoffs developer, Ryan Charles, would be well advanced with an implementation of bitcoin in javascript. Reddit users would get a virtual wallet that they Reddit Notes, bitcoins and dogecoins could exchange. “The wallet had enormous potential,” writes the developer. It is unclear whether Reddit this virtual wallet at a later stage still wants to introduce, or that it is shaping the plans for Reddit Notes else.


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