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The point is that this cryptocurrency will be exchangeable for (backed by) shares of reddit, which is rather unlike current cryptocurrencies.
by vertex-four 12y ago
The 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.