this post was submitted on 20 Oct 2023
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[–] [email protected] 137 points 1 year ago* (last edited 1 year ago) (2 children)

What's this? You're telling me that crypto based on Reddit blockchain points—points from a company that's constantly making rash decisions and removing large features—didn't end well? And people with inside info were able to get out before this concept failed?

Man, if only someone could've seen this coming….

[–] [email protected] 57 points 1 year ago (1 children)

Spez and the whole Reddit company culture seem to be very in touch with the whole crypto ~~scam~~ industry. I wouldn't be surprised if Reddit admins moderate the crypto sub part time and they got in on this.

[–] [email protected] 28 points 1 year ago

I get the feeling Spez and other Reddit execs tried for years to make money out of reddit seeing only modest returns, then crypto comes on the scene and with conversations on Reddit being a large part of the success. Crypto grifters get in, pump, dump and cash out rich. Spez and other Reddit execs are looking at each other shocked saying "WTF just happened!? A bunch of folks just used the platform we built to get rich and we're still not! How can we do the same thing they did?"

[–] [email protected] 25 points 1 year ago

Reminds of that article about where crypto was speed running through the history of how all The securities rules got written in the first place. This is, of course, insider trading.