Earning shares for your participation in social media. This is an idea I’m exploring more and more (from a bigger lens) in my writings. So, I was beside myself when Seb Paquet pointed out for me this morning that this is something that Reddit is actually trying to pull off right now.
Very, very exciting.
“Creating the cryptocurrency, backing it up by Reddit shares and giving the currency to the members of the Reddit community has already been agreed to by the investors. The plan is something that has never been done before, and is a very complicated procedure with technical, legal and financial aspects. However, a consultation with a former lawyer of the SEC noted that there are no illegal actions that will be made by carrying out of the plan.”
“Wong admits that there are many things that need to be done to be able to complete the plan, but Reddit will try. However, should the plan fail, Reddit will think of another way to give back to the community that has made Reddit so successful.”
“Reddit delving into cryptocurrency development could mean that the company has plans to use it for more than just giving back to the community. A theory is that the cryptocurrency can be used to give coins as gifts to other Reddit users, and could also be used as payments for the developing Reddit gifts service.”
HT Seb Paquet
#cryptocurrency #cryptoequity #reddit #regenerative