Ryan X. Charles, a former Reddit engineer, is convinced that he can save the community using the blockchain, the technology behind bitcoin.
The /r/bitcoin subreddit became the 199th largest on Reddit after surpassing the mark of 150,000 subscribers.
After securing $50 million in outside funding in September, Reddit had promised it would find a way to let the community own 10% of those shares. Now it is revealing it’s own digital currency “Reddit Notes”.
Gavin Andersen answered on a series of questions related to bitcoin at the Ask Me Anything session.
Reddit received investments of $50 million that wll be used to create its own cryptocurrency for rewarding the site users.
Reddit is likely to integrate cryptocurrency more into its marketing strategy after ensuring that demand for new bitcoin payment option, added by BuySellAds, is high.
Google has managed to spot and solve a problem that appeared due to complaining users of the bitcoin wallet extension KryptoKit yesterday.
On Quora, Reddit CEO Yishan Wong expressed his ideas about Bitcoin community, its users bigotry to the currency systems, and praised the increasingly popular Dogecoin.