5 ms·

"...are giving 10% of our shares in this round to the people in the reddit community..." How's that supposed to work? Reddit (the company) will own the shares?

"...are giving 10% of our shares in this round to the people in the reddit community..." How's that supposed to work? Reddit (the company) will own the shares? Some foundation? A bit more detail would be nice.

Balgair 12y ago
Lets hope for a subreddit controlling it. No really, have the users control it. Really. Yes, yes, trolls, hacked accounts, wall street manipulators, sock puppets, 4chan, 14 year olds, etc. But, I mean, wow, just imagine the flame wars! It would be a beautiful fire of crazy. Have the insane fedora neckbeards actually try to get things together in a really real setting? The raw data files alone would be worth it. You'd glean so much, and in a Public setting. Yeah, Google does it already, but to let all of us join in on the analysis of the decision making process? I dare say it: You'd be able to determine how an internet-type true democracy would work. Hash out representatives, the whole deal. Give it to the users, reveal just how dumb we all are in a herd.
mksm 12y ago
They will most probably use blockchain technology for the community ownership distribution: https://jobs.lever.co/reddit/6ce6a242-00d1-49c4-9bed-c34f26445ee7 https://jobs.lever.co/reddit/6ce6a242-00d1-49c4-9bed-c34f264...
- bencxr 12y ago
  this is really the interesting point of the article for me. it could be the first cryptocoin actively used based for rewards/sponsorships etc. See http://ltbcoin.com/ http://ltbcoin.com/ as an example.
chiph 12y ago
I'm wondering about the load of shareholder service work that has to be done when corporate stuff gets put up to a vote. They have to notify people, and that might be hard if someone uses a throwaway account and somehow ends up acquiring a share because of it. While I have a real name account there, TBH 95% of the time I'm using an alias.

5 ms·

"...are giving 10% of our shares in this round to the people in the reddit community..." How's that supposed to work? Reddit (the company) will own the shares?

by SuperKlaus 12y ago

Balgair 12y ago
Lets hope for a subreddit controlling it. No really, have the users control it. Really. Yes, yes, trolls, hacked accounts, wall street manipulators, sock puppets, 4chan, 14 year olds, etc. But, I mean, wow, just imagine the flame wars! It would be a beautiful fire of crazy. Have the insane fedora neckbeards actually try to get things together in a really real setting? The raw data files alone would be worth it. You'd glean so much, and in a Public setting. Yeah, Google does it already, but to let all of us join in on the analysis of the decision making process? I dare say it: You'd be able to determine how an internet-type true democracy would work. Hash out representatives, the whole deal. Give it to the users, reveal just how dumb we all are in a herd.
mksm 12y ago
They will most probably use blockchain technology for the community ownership distribution: https://jobs.lever.co/reddit/6ce6a242-00d1-49c4-9bed-c34f26445ee7 https://jobs.lever.co/reddit/6ce6a242-00d1-49c4-9bed-c34f264...
- bencxr 12y ago
  this is really the interesting point of the article for me. it could be the first cryptocoin actively used based for rewards/sponsorships etc. See http://ltbcoin.com/ http://ltbcoin.com/ as an example.
chiph 12y ago
I'm wondering about the load of shareholder service work that has to be done when corporate stuff gets put up to a vote. They have to notify people, and that might be hard if someone uses a throwaway account and somehow ends up acquiring a share because of it. While I have a real name account there, TBH 95% of the time I'm using an alias.