this post was submitted on 20 Oct 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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Reddit mods dumped tokens hours before blockchain program termination (cointelegraph.com)
submitted 11 months ago by [email protected] to c/[email protected]
33 comments fedilink hide all child comments
 

Summary: Reddit warns mods that it's ending its crypto program, before it warns the other users. What could go wrong? /s

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[โ€“] [email protected] 2 points 11 months ago (1 children)

I don't disagree with you that this shit shouldn't've even started on first place. It's just Reddit trying to milk its userbase, and the world be damned, as usual.

However, once started, Reddit had the responsibility to bring its closure in a fair way. And by "fair" I mean not "tipping" some individuals before the userbase at large knew it, so they could trade them off before the price crashed.

[โ€“] [email protected] 2 points 11 months ago (1 children)

I know that. My point is that those "tokens" and related cryptogrifts are just a sillier and even less tangible Wall Street, complete with insider trading and golden parachutes.

[โ€“] [email protected] 2 points 11 months ago

Fair point.