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RE: Reddit Adding Cryptocurrency Rewards: Good Or Bad?

in Threespeak4 years ago (edited)

Hi, I also wrote a post on this event. I believe it is both a threat and opportunity for Hive. Hive will have to learn to seize this opportunity though if this Reddit's move brings more cryptocurrency adoption.

In terms of maturity, I think the features on Hive is certainly much strong than what Reddit is currently implementing. However, given Reddit's user base and financial power. I won't be surprised that this feature evolves very quickly into something more advance.

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Reddits challenge is that it is very specialized. Even if it did want to morph into something else, it is a centralized entity. That would all be done inhouse. It is not going to open source things and let anyone hang an application on there.

It is true about the user base and money they have. That is very powerful. However, I think it is constrained outside of what it does best, operate as a platform of links.

We will see how long it takes them to roll out cryptocurrency even to all of the reddits it presently has.

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