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Reddit turns its "Karma" points into Tokens on the Ethereum Network

ds_mustang

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Reddit is turning its useless "karma" points into tokens on the Ethereum network. I'm not exactly sure what the extent of that will mean, but suddenly a LOT of people are going to have reddit karma crypto tokens. And I presume reddit karma will be able to bought and sold on various exchanges--for whatever the market decides they are worth. What further reddit might do with the tokens remains to be seen, but it's an interesting move. It's a major experimental step into crypto social tokens, and will get a lot of people into the space.

 

#48Fan

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Hasn't there been a Reddcoin associated with Reddit for a while?
 

ds_mustang

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Hasn't there been a Reddcoin associated with Reddit for a while?
I dunno, but this is probably bigger. There are millions of reddit users with karma. Suddenly they're all going to have that karma in tokens if they want them.
 

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I should start a new crypto service to put BeanieBabies on the blockchain.

If you're not sure if I'm joking or not... well, neither am I at this point.
 

Scorpio

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And I presume reddit karma will be able to bought and sold on various exchanges

I see it as quite possible or something very similar becoming a thing,

wherein if you have a low 'social score' and your insurance rates are up, or some other motivating factor, you have to go into the market and buy others 'excess social score'

crazy chit, but I can absolutely see it coming in some manner