3 ms·
And in fairness, I can see why it might have been hard to give shares to the reddit community: - aren't there regulatory/legal problems with having a very larg
by abeppu 3y ago
And in fairness, I can see why it might have been hard to give shares to the reddit community:
- aren't there regulatory/legal problems with having a very large number of people owning equity in a company that's not public?
- associating active reddit users with real people with addresses, accounts, etc would be real lift, and potentially alienating to users who have been operating under pseudonyms
- establishing that you eventually get paid for activity seems like it creates a natural incentive for low-quality/high-volume (spam?) engagement, karma rings, etc. Rewarding only the people who _actually_ add value is messy