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My first thought was whether this would require a browser with an Ethereum wallet (Status.im, Brave, Metamask, etc) to participate. It sounds like they're build
by thinkmassive 6y ago
My first thought was whether this would require a browser with an Ethereum wallet (Status.im, Brave, Metamask, etc) to participate. It sounds like they're building this into the Reddit mobile app:
> In order to start contributing, users need to sign up to the "Vault," Reddit's local blockchain wallet, accessed via scanning a QR code through the official Reddit app.
It's not clear whether the Reddit mobile app is becoming a full web3 browser, but this makes it sound like there's a real wallet in there:
> There is a warning though. A private key is provided once a user creates their Vault, which is stored locally on their smart device. Meaning if the user doesn't create a back up of their key and loses their phone, they will be unable to access their community points, with Reddit claiming even they will be unable to help.
Cryptocurrency wallets are way too complicated for most people to use properly. It should be interesting to see if Reddit can raise the bar with an open solution. Hopefully it isn't some pointless proprietary implementation that actually uses a "proof of authority" network (aka shitty database).
- thinkmassive 6y agoOh, I overlooked this tidbit that makes it sound like other web3 browsers should work: > Reddit has stated that since most users don't own any ETH, the social platform is ready to cover the cost of gas "for now," for those using its in-built Vault, but those using other Ethereum wallets may be required to pay for the cost of gas themselves.
- flarex 6y agoThey also encourage users to store private keys on reddit's servers, user password encrypted.