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[–]ryancarnated 3 points 4 minutes ago Hey everyone, what happened today was very unfortunate, but I think it makes sense for reddit as a company. This was not surprising for those familiar with what's happening at reddit right now, but for those who are unaware, here's the story. I was hired as cryptocurency engineer as September, for which I left my job at BitPay. I was won-over by the then-CEO Yishan, who had an awesome vision for the future of reddit, including cryptocurrency as the financial system of the internet city that is reddit. However, Yishan suddenly and unexpectedly resigned his position a month or two later, probably due to exhaustion. This was in the midst of great existing turmoil at the company, such as moving the entire, formerly-remote company to SF, raising a new round of $50 million, and celebgate. More turmoil followed, and new leadership took over the reigns. I have complete confidence in the new leadership, but cryptocurrency is not in their plans. This is not surprising, because they basically have their hands full with all sorts of other stuff. This has nothing to do with the screen shot that was posted the other day. I'm fairly confident cryptocurrency will return to reddit in the coming years (and of course you can still buy reddit gold with bitcoin), but it will have to wait a while for things to calm down. Meanwhile, best of luck to everyone who will get to witness the new era of reddit from the inside. It was cool to be a part of the historic front-page of the internet, at least for a while. Also, for the record, I'm pretty sure I was the first person in history to have the official title "cryptocurrency engineer".
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Jan 30, 2015 01:53
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fuctifino posted:[–]ryancarnated 3 points 4 minutes ago I'm dying
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Jan 30, 2015 01:55
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What a surprise, turns out that no one at Reddit actually gave a poo poo about creepy libertarians tipping six cents because of their power tripping tendencies
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Jan 30, 2015 01:56
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triple sulk posted:What a surprise, turns out that no one at Reddit actually gave a poo poo about creepy libertarians tipping six cents because of their power tripping tendencies I'm sure some people gave a poo poo (there are some people at the NYSE that gave a poo poo about coinbase, after all) but also I'm sure they mostly figured "this is kind of like putting money into Napster." Sure it has some modicum of popularity now, but it's shrinking and will be destroyed by lawsuits in the coming future, so wait until something viable comes out of the underlying technology - which is basically the same in both cases: peer-to-peer networking.
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Jan 30, 2015 02:02
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Robawesome posted:and then quit BitPay to work for reddit, lol As sad as it may sound, bitpay to reddit is probably a step up. Reddit's a lot more likely to still be around in a year or two.
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Jan 30, 2015 02:09
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ashpanash posted:I'm sure some people gave a poo poo (there are some people at the NYSE that gave a poo poo about coinbase, after all) but also I'm sure they mostly figured "this is kind of like putting money into Napster." I can't imagine there is any money to be made off of the tips whatsoever unless you're generally talking about Superman 3/Office Space's fractions of pennies, and the break even point for the R&D involved on Reddit's behalf would probably be 20 years with how little the amounts are. The same people at the NYSE investing in it are basically the same Andreessen types who've been behind it all along because to them a million dollars here or there isn't much to lose beyond the subsequent time they spend shilling it out. Basically the only people into bitcoins today are the same people who were into them six months ago, a year ago, et cetera. Which kind of goes along with what you were saying about the popularity levels shrinking.
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Jan 30, 2015 02:10
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reddit is also far less likely to be some front of well-funded front organization was it ever figured out how bitpay makes money?
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Jan 30, 2015 02:10
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AlbieQuirky posted:but it's reddit goons hate on reddit way too much as a place, but their leadership is definitely really really bad people so i'm amazed this fell through
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Jan 30, 2015 02:16
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fuctifino posted:[–]ryancarnated 3 points 4 minutes ago paging hp hovercraft
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Jan 30, 2015 02:26
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p sure Satoshi had the official title. Except for trains toot toot
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Jan 30, 2015 02:35
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FCKGW posted:https://twitter.com/sarahjeong/status/560857078626279426 quote:Silk Road prospective employee interview question list: lol
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Jan 30, 2015 02:38
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it's a trick question, the right answer is "I don't"
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Jan 30, 2015 02:39
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who is the guy reddit fired and what was he working on that got him fired? stopped reading this thread for a while e: oh dur the guy in the top of this page haha. so what was his project for reddit?
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Jan 30, 2015 02:40
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Literally reddit, but with bitcoins.
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Jan 30, 2015 02:42
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Ricky Bad Posts posted:
Reddit Notes. Reddit wanted its own crypto and had no loving idea what they wanted to do with it. They did an AMA and answered literlly nothing.
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Jan 30, 2015 02:43
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his recent project: users can specify a bitcoin address in their profile so as to easily receive bitcoin with the assistance of the site. would probably a) require a money transmitter license of some kind and b) cut into reddit gold money (he said he didn't see them as competitors) also pretty sure he worked on the reddit notes thing or whatever where reddit said something like "let's give a shitload of shares (but not like legally shares) to people! we have no idea how to do this, btw, we'll keep you updated when we figure it out."
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Jan 30, 2015 02:45
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Boxturret posted:
hahahaha good
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Jan 30, 2015 02:51
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reddit coin
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FMguru posted:remember when they sent milisatoshis to fbi.gov and the email of that regulator in new york under the logic of "since you now own bitcoins, you cant prosecute anyone else without first prosecuting yourselves roflmao"? fool_of_sound posted:Now there was a day when the sons of Bitcoin came to present themselves before the VER and Karpeles came also among them. And the VER said unto Karpeles, Whence comest thou? Then Karpeles answered the VER, and said, From going to and fro in the 'net, and from posting up and down in it. And the VER said unto Karpeles, Hast thou considered my servant Ross, that there is none like him in the earth, a perfect and a brilliant man, one that loveth Coins, and escheweth government? Then Karpeles answered the VER, and said, Doth Ross love Coins for naught? Hast not they made an hedge about him, and about his house, and about all that he hath on every side? they hast blessed the work of his servers, and his substance is increased in his wallet. But put forth their hand now, and touch all that he hath, and he will curse them to thy face. And the VER said unto Karpeles, Behold, all that he hath is in thy power; only upon himself put not forth thine hand. So Karpeles went forth from the presence of the VER.
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Jan 30, 2015 02:56
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https://archive.today/ryanxcharles.com financial advice from fired cryptocurrency engineer: Hold More Bitcoins Than You Can Afford to Lose
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Jan 30, 2015 02:58
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SynthOrange posted:Sarah Jeong @sarahjeong · 2h 2 hours ago pretty sure this was still just some people scamming an extremely gullible dpr.
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Jan 30, 2015 03:10
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ashpanash posted:I'm sure some people gave a poo poo (there are some people at the NYSE that gave a poo poo about coinbase, after all) but also I'm sure they mostly figured "this is kind of like putting money into Napster." it's kind of like how "some people at the nyse" also gave a poo poo about pets.com and mortgage backed securities
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Jan 30, 2015 03:18
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Muscle Tracer posted:it's kind of like how lol no it's not dumbass
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Jan 30, 2015 03:18
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I can't believe they fired the reddit notes man. he started a wiki and everything. who knew the answer to "how can we pay shares to our users without getting in trouble" was "hire lawyers" and not "hire a programmer?"
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Jan 30, 2015 03:19
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ross has single handedly built the a rock solid case against himself. holy poo poo. he actually journaled the occasions he publicly denied being DPR? it's downright satirical and the frat party date and the judge getting sick of his lawyers poo poo and karpales for /r/buttcoin mod and oh jesus thank you bitcoin
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Jan 30, 2015 03:28
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TVarmy posted:I can't believe they fired the reddit notes man. he started a wiki and everything. Instead of getting a money transmitter license, they should just get a creative commons license. That covers everything.
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Jan 30, 2015 03:31
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buy some reddit gold with guitar picks
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Jan 30, 2015 03:37
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FCKGW posted:I feel this guy is going to turn into the nicsho of reddit Boxturret posted:
welp
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Jan 30, 2015 03:43
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Ron Paul Atreides posted:Do you think the appeal will have much success or is this more just due diligence of a defense attorney even in a hopeless case? Nope, he's so completely hosed I think even if something gets in that shouldn't have the appeals court will consider it a harmless error because he's so, so, so obviously guilty.
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Jan 30, 2015 03:57
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Trig Discipline posted:yospos: It’s incredibly dark subject matter peppered with bad jokes and emoticons
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Jan 30, 2015 04:01
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i don't really understand why just letting users list their addresses would require a license. would it require one if they just had a freeform bio field and people started putting addresses in?
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Jan 30, 2015 04:06
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vOv posted:i don't really understand why just letting users list their addresses would require a license. would it require one if they just had a freeform bio field and people started putting addresses in? it was more than that, like integrated with up/down votes or maybe that was bitcoine's masturbating over it idk although that's what the programmer was doing so...
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Jan 30, 2015 04:09
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it was supposed to involve integrated tipping or something too, so reddit would end up facilitating those transactions
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Jan 30, 2015 04:16
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Verdafolio posted:look at all that bouncing back 
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Jan 30, 2015 04:21
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T I P P I N G
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Jan 30, 2015 04:26
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triple sulk posted:T I P P I N G 
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Jan 30, 2015 04:37
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SynthOrange posted:Sarah Jeong @sarahjeong · 2h 2 hours ago thi sis going to be one hell of a made-for-tv-movie
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Jan 30, 2015 04:41
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just the tip just the tip #justthetip
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Jan 30, 2015 04:42
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Delaware wants to put driver's license in smartphones. Is BTC applicable for this? (engadget.com) submitted 49 minutes ago by paultower
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Jan 30, 2015 05:01
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what the gently caress does that even mean
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Jan 30, 2015 05:01
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duTrieux. posted:what the gently caress does that even mean Fake IDs, but with bitcoins
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Jan 30, 2015 05:03
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