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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.
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