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AFAIK the Reddit-style markup is John Gruber's markdown. In any case there will have to be some differences. I'd rather use # as a tag than a header for instance. TBH, I think a non-janky markup is the markup you use most. The url markup does freak out if you put other markup in it. Perhaps one easy step in that direction is to swap + for two asterisks for bold. It would be nice to get the plus sign back out of potential conflicts. Also an escape character is badly needed. I'll do some work.