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Dogecoin is already the cryptocurrency of Reddit... why not just buy a bunch of Doge?
by BrainInAJar 12y ago
Dogecoin is already the cryptocurrency of Reddit... why not just buy a bunch of Doge?
- vertex-four 12y agoThe point is that this cryptocurrency will be exchangeable for (backed by) shares of reddit, which is rather unlike current cryptocurrencies.
- arenaninja 12y agoThe fun thing is that as soon as I saw the plans to distribute ownership earlier today, I figured why not use their own cryptocurrency? I guess I'm starting to predict the future, albeit only a few hours in advance
- oafitupa 12y agoBecause it's stupid? Why peg millions of dollars to a currency with no security?
- deleted 12y ago[deleted]
- michaelchisari 12y agoThey can create their own crypto-currency on top of an existing one, using dogeparty or counterparty. This is most likely their best bet, because they won't fall into a lot of the security/hashrate traps with a lot of new coins.
- oafitupa 12y agoWhy are you trying to spread that falsehood? How is dogecoin "already the cryptocurrency of Reddit"? It wasn't created by Reddit, no one in Reddit is using it (except r/dogecoin and related subs), and it's supposed to be a joke. I don't think Reddit wants its shares to be a joke too.