Reddit has reportedly put its plans to issue its own cryptocurrency, called Reddit Notes, on hold. First announced late last year, Reddit Notes were intended to be a way for the social news aggregator to give 10 percent of a recent funding round — some $5 million — to Reddit's users. But Alexis Ohanian, Reddit's executive chairman, said today that the company's research told it to "wait until the law and technology around cryptocurrency are further along before deciding exactly how" to issue Reddit Notes.
The cryptocurrency was floated as an idea after a successful round of capital funding, which saw the company draw $50 million from investors such as Marc Andreesen. Reddit asked for suggestions for ways to give a chunk of that money back to its community in September. By December, it had made plans to create a cryptocurrency named Reddit Notes, and hired an engineer for the project. Reddit announced that it would give 950, 000 Reddit Notes to users in a lottery, based on their activities prior to the end of September 2014, by the fall of 2015.
The company fired its lead cryptocurrency engineer, Ryan X. Charles, last week. . With Wong gone, Charles said he did not directly report to anyone inside the company.
I was just let go from reddit because cryptocurrency is not a part of reddit's near-term plans. This is unfortunate, but understandable.
— Ryan X. Charles (@ryanxcharles)
On Twitter, Charles stated that he was let go because "cryptocurrency is not a part of reddit's near-term plans." He characterized the new leadership as that he believed the construction of Reddit's cryptofinancial system "is not going to happen for a long time." Lending credence to Charles' comments, Reddit has also removed all open cryptocurrency engineer roles from its job board. Ohanian declined to comment to The Verge directly, but maintained in his Y Combinator post that the company will eventually issue the cryptocurrency. The executive chairman stated that Reddit wanted to give its community "the full value of the equity when they receive it in the future, " but was also careful to note that the company had been "unable to do that with current cryptocurrency regulations."What size fly line for throwing sink tips if you have an 8wt rod would you size up How to beat thunderblight ganon? what does the bible say about drugs How to complete tricks in srl How to boil peanuts? what does clamperl evolve into Tips for when you first start dating Cheap movie tricks: how to shoot a short film for under $2,000 How to stop cortana tips what does iris mean How to get blonde tips on brown hair House tips/how do i get rid of stiff scratachy kitchen towels what does commence mean Tips on how to tongue kiss When can a puppy start learning tricks what does it mean to die of natural causes what does tipsy mean Tips on how to draw comics How to activate a visa gift card? How long to bake chicken wings Tips when meeting funders How long does it take to charge oculus quest 2? Sat essay prep tips how to get a 2400 book How to enlarge penis? How to find the zeros of a function? Why tips are bad for job seekers How often to water snake plant? what does getting laid mean How to make a book cover How to tips Which oak tree has dark green large leaves with a round base and 3 to 5 lobes with bristle tips How to add footnotes in word How to fill out reports in sims 4 How to make press on nails? Tricks on how to see ringos triangle shirt beatles butcher cover you tube How are mentalism audience tricks done Tips on how to reorganize township what does the watch mean in hawkeye How to get honeycomb in minecraft? How to turn on wifi on lg tv what time does burlington open today How to remove background from picture? How to play trumpet? Swtor how to teach nexu tricks what does pneumatic mean How to buy a house with bad credit How to disable google assistant what does a yellow heart mean When does house of tricks close How to prep for anal? How to autofit in excel? How to measure penis girth? what is 420 mean How to become real estate agent How to read palms How to caramelize sugar? How to get vaccinated? what does profit margin mean Cognitive behavioral therapy: practical tips on how to conquer psychological... by russell davis How to remove google account? Bloody tips this is how a pact is made what does didi mean in hindi What to do if you have an f tips for students what does mamma mia mean How to get around rome, navigation tips what does repercussion mean what are the risks of taking gabapentin? How to prepare for war tips How are these two kinds of visual tricks used by magicians different How to stop wisdom tooth pain? what time does ufc start How to play charlie charlie? what does appreciate you mean How to stop breastfeeding What happened to tips bonds what does peer reviewed mean How to swallow cum How to fold a wrap? How to delete page in word? How do they do bored button magic tricks How to calculate watts? what does the triangle with an exclamation point mean How to book cheap flights? How to apply for food stamps in texas Im a waitress filling out a rent application, how do i show my tips income? what new movies are on netflix what does nicholas mean How to lose 5 pounds in a month? When does tips gas points expire what does enlightenment mean How to change bluetooth name on iphone? How to disable vehicle tricks in fortnite creative What to do with brown tips on spider plant what does lght mean How to improve balance? How to cut dog nails that are black? what does it mean to purse your lips How to find mac address? what does ulcer mean How to change iphone passcode? How to install linux? What is asparagus tips what does anointed mean what are jinns How to teach my african grey tricks what does ios 14.3 do what does herion feel like what does casita mean How to get high school transcripts? How to change region on netflix what does compositing mean How to train conure tricks How to find ka from pka How to commit to skateboard tricks while moving what does flossing do what does cfm stand for How to treat heat rash? what are the winning mega million numbers