- Vitalik Buterin praises Reddit’s “contributor possession” initiative.
- Reddit invitations solely US residents to take part within the IPO.
- Buterin believed that these restrictions had been because of laws.
In a current submit on the decentralized social community Warpcast, Ethereum co-founder Vitalik Buterin mentioned his disappointment with Reddit’s upcoming IPO and consumer possession initiative. Nonetheless, Buterin praised Reddit’s experimentation with “contributor possession”.
Reddit shared the small print of the IPO and invited eligible customers who contributed to Reddit to take part of their IPO. Curiously, the letter emphasised that solely US residents can take part within the IPO. The letter said,
We provide a Direct Share Program (“DSP”) that invitations eligible customers and moderators who’ve contributed to Reddit to take part in our preliminary public providing (“IPO”). (Together with you!)
Moreover, Reddit added that to specific gratitude to Reddit customers who “helped make Reddit what it’s in the present day,” customers can turn into homeowners of Reddit “on the identical worth as institutional traders.”
Buterin acknowledged Reddit’s efforts towards “contributor possession” and highlighted the similarity of neighborhood engagement and consumer empowerment to the cryptocurrency world. Nonetheless, the co-founder of Ethereum, when speaking in regards to the standards for staying within the US, mentioned: “That is utterly the fault of the regulation and never of Reddit itself, but it surely saddens me.” He concluded: “Because of this we now have cryptocurrency.”
The founding father of Ethereum usually evaluations and writes about main cryptocurrency tasks in his articles. Our workforce at Coin Version compiled an inventory of 5 cryptocurrencies that Buterin praised and really useful to observe in 2024. They embrace Worldcoin (WLD), BitTensor (TAO), Farcaster, StarkNet (STRK), and Ethereum Title Service (ENS).
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