by keopi

A pretty interesting look into the reasoning behind Reddit Notes, the now defunct reddit cryptocurrency.

Because humans have interests, and no two humans’ interests align perfectly, it is often the case that the interests of reddit, Inc. come into conflict with reddit, the users. Sometimes this means too much advertising, but more generally it’s that reddit, Inc. focuses a little more on converting content into money so they can pay their bills and give a return to their investors, and a little less on building better tools and giving a better experience for the users of reddit. And the users don’t get paid for their labor.

EDIT It looks like Ryan X. Charles is going full time into reddit decentralization: https://twitter.com/ryanxcharles/status/618866411973312512