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"Bitcoin technology will ultimately become integral to reddit. We've had some internal brainstorming about ways we could integrate - the possibilities are enormous" - Ryan X. Charles, Reddit's new Cryptocurrency Engineer (np.reddit.com)

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[–]trilli0nn 25 ポイント26 ポイント  (3子コメント)

Integrating tipping functionality would be a great start.

[–]HermanLeon 4 ポイント5 ポイント  (1子コメント)

https://chrome.google.com/webstore/detail/changetip-extension/aekebfoinnjlnibmommlgnaicgkcihnk

[–]Sugar_Daddy_Peter 6 ポイント7 ポイント  (0子コメント)

I've heard bad things about chrome extensions. As awesome as this is how can I trust this?

[–]kerstn 0 ポイント1 ポイント  (0子コメント)

But it is so boring and primitive when compared to the potential...

[–]BrazenAmberite 43 ポイント44 ポイント  (11子コメント)

Reddit is #36 in the world and #9 in the US, according to Alexa. You want a killer bitcoin app in the making? You're looking at it right now inside your browser. If Reddit goes into bitcoin in a big way, and it seems like they're certainly hinting at it, you can bet your asses that it will draw heavy media attention and give millions of people real-world interaction with the technology, and maybe even the currency.

[–]coledaman 8 ポイント9 ポイント  (9子コメント)

I wish he had said just Bitcoin, and not Bitcoin technology.

[–]BrazenAmberite 18 ポイント19 ポイント  (1子コメント)

He did: https://np.reddit.com/r/blog/comments/2owj55/welcome_drew_ryan_mike_daniel_joe_dave_david/cmrbrlc

[–]kiisfm 0 ポイント1 ポイント  (0子コメント)

Idk a nice shitcoin pump and dump would be lucrative before really announcing Bitcoin

[–]Rune4444 -2 ポイント-1 ポイント  (6子コメント)

Even if an alternative block chain ends up becoming the future of finance, everyone who currently owns bitcoin will end up becoming incredibly wealthy. As long as youre in the top 0.1% adopters of the final block chain system, be it bitcoin, counterparty, ripple, bitshares etc. You will be set for life. And those who are already into block chain tech, no matter the flavor, will be sure to be among those.

[–]kiisfm 0 ポイント1 ポイント  (5子コメント)

Troll fud at it's finest, inserting fear and doubt in one comment

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          [–]abolish_karma 0 ポイント1 ポイント  (0子コメント)

          When can I buy reddit ads with BitPay integration?

          [–]bittime 30 ポイント31 ポイント  (20子コメント)

          Ryan X. Charles (/u/ryancarnated), cryptocurrency engineer

          I discovered bitcoin on May 13, 2011 and never recovered. After developing a reputation as the bitcoin guy at the physics department, I eventually quit my physics PhD program and went full-time bitcoin. I worked for the best bitcoin company in the world, BitPay, but couldn't pass up an opportunity to bring bitcoin to millions of reddit users. I'm working on reddit's digital asset, as well as general purpose bitcoin infrastructure to enable things like micropayments and contracts. My favorite things are elliptic curves, hash functions, and Merkle trees. My favorite subreddits are /r/bitcoin, /r/sloths and /r/earthporn. If I had written bitcoin, it would have been in javascript.

          [–]Yoghurt114 15 ポイント16 ポイント  (19子コメント)

          Javascript what the fuck?

          [–]bobbles 9 ポイント10 ポイント  (3子コメント)

          I read that as 'bitcoin should've been created in the language of the web, to enable web users to easily embrace it'

          perhaps not exactly what he was going for but it resonated with me

          [–]paOol 24 ポイント25 ポイント  (12子コメント)

          Javascript is actually in demand now for good reason. Node.js is a powerful tool for specific applications and you no longer need to know 2 languages if you go the full JS stack.

          communicating between the front-end and back-end is simplified because its JSON both ways.

          I wish Bitcoin was written in JS, I'd be able to understand it a bit better.

          [–]tenthirtyone1031 10 ポイント11 ポイント  (0子コメント)

          check out bitcore

          [–]Yoghurt114 6 ポイント7 ポイント  (3子コメント)

          Javascript as a language is fine for target compilation and that's just about it. It's an absolutely abysmal language to be writing in.

          Node.js is only extending the horror to the server.

          There's a huge upside to JS though, which is that it's capability limited, this makes it magnitudes more secure to run random code in the browser, contrary to running a - for example - java applet. This is why it's nice as a compilation target.

          But please please, write your code in a proper language that's at least not all floating point, half-strongly typed, spaghetti rubbish.

          [–]i_can_get_you_a_toe 2 ポイント3 ポイント  (1子コメント)

          You need some Douglas Crockford in your life, you don't know what you're talking about. They all lied to you, java and OOP are not the word of god.

          [–]bitmeister 0 ポイント1 ポイント  (0子コメント)

          With 35 year experience, I will agree on the OOP/OOD. Java is still great, but JS is fun to write, but marginal. JS is fine for the web client, but it would have to mature some more, and when it did, it would lose appeal like all languages before it.

          [–]PersonalG-Zus 0 ポイント1 ポイント  (0子コメント)

          Mmmm... spaghetti rubbish...

          [–]kraml 2 ポイント3 ポイント  (4子コメント)

          json should be the last reason to choose javascript. Virtually every language has excellent support for json.

          [–]kiisfm -2 ポイント-1 ポイント  (3子コメント)

          Php ftw

          [–]kodiferous 0 ポイント1 ポイント  (2子コメント)

          Channeling your inner Mark Karpeles?

          [–]kiisfm 1 ポイント2 ポイント  (1子コメント)

          Enjoy a donuthole on me /u/changetip

          [–]changetip 0 ポイント1 ポイント  (0子コメント)

          /u/kodiferous, kiisfm wants to send you a Bitcoin tip for a donuthole (282 bits/$0.10). Follow me to collect it.

          ChangeTip info | ChangeTip video | /r/Bitcoin

          [–]djangocoin 0 ポイント1 ポイント  (0子コメント)

          How well does JS scale?

          [–]smartfbrankings 0 ポイント1 ポイント  (0子コメント)

          You're lack of understanding doesn't make it a good idea.

          [–]ryepdx 3 ポイント4 ポイント  (0子コメント)

          asm.js does at least allow Javascript to be less derpy for crypto than it could be (and has been).

          [–]smartfbrankings 0 ポイント1 ポイント  (0子コメント)

          If you're only experience with coding is Javascript, then this is what you do.

          It's like when you've only kissed one girl, you don't realize she's no good at it.

          [–]bittopia 19 ポイント20 ポイント  (2子コメント)

          The price just dipped so you KNOW this is good news. Wohoo :)

          [–]Bitcoin-CEO 16 ポイント17 ポイント  (1子コメント)

          Damn good news with the price drops. We need some bad news to jolt the price back up. I'll get my top men on banning bitcoin in Germany, Zimbabwe, Madagascar, north Korea and Texas. Maybe that'll get the price going.

          [–]pizzaface18 9 ポイント10 ポイント  (1子コメント)

          Reddit + Bitcoin = Social + Content + Money

          Reddit is considered the front page of the internet, just imagine what they can do with this.

          [–]ryancarnated 2 ポイント3 ポイント  (0子コメント)

          Reddit + Bitcoin = Social + Content + Money

          Yes, my thinking exactly! I love this quote.

          [–]smack1114 11 ポイント12 ポイント  (15子コメント)

          Imagine getting one satoshi for every upvote. Of course the person who gives the upvote would be paying for it, unless you earned your own satoshi's.

          [–]ed19 8 ポイント9 ポイント  (1子コメント)

          Fuck that. Monetizing karma would be the worst thing for reddit. People think it's bad now with karma whore reposts, imagine what it would be like if they actually made money from those upvotes

          [–]cryptonaut420 0 ポイント1 ポイント  (0子コメント)

          I'd have to agree with that, karma whoring is already bad enough. I think they need to just focus on the tipping aspect. Something like changetip but fully integrated and just adding an icon to tipped posts instead of spam replies for verification. Nice and simple

          [–]IkmoIkmo 15 ポイント16 ポイント  (7子コメント)

          You know, I'd be completely comfortable setting my wallet to auto-tip any upvote with $0.10.

          And it'd be pretty awesome if, for users who aren't familiar yet with bitcoin, that when they buy say $5 of reddit gold, that 0.50c of it goes straight into their newly created reddit bitcoin wallet, and that every upvote takes 1 penny from that wallet. But that's probably not going to happen anytime soon.

          [–]Anenome5 9 ポイント10 ポイント  (6子コメント)

          When Redditors can make a living posting good content the same way that Youtube posters currently make a living, Reddit will finally go into the black.

          [–]mohland 5 ポイント6 ポイント  (5子コメント)

          YouTube posters make a living off advertising, not off the generosity of folks donating to them.

          [–]Anenome5 2 ポイント3 ポイント  (4子コメント)

          I'm saying what if posters made X% of each upvote, the same way adverts pay youtubers. Making the front page could be worth real money.

          If each upvote correlated to ten cents, a standard 5,000 vote front page link would be worth $500.

          [–]mohland 3 ポイント4 ポイント  (3子コメント)

          Except someone has to pay for that. Advertisers are willing to buy eyeballs, but regular folks, not so much.

          Plus, it supports pay for play... Which is something you don't want here. :D

          [–]Anenome5 0 ポイント1 ポイント  (1子コメント)

          If you could tip satoshis you wouldn't mind.

          [–]mohland 1 ポイント2 ポイント  (0子コメント)

          Except you can tip sats. That's never been the issue. :)

          [–]IkmoIkmo 0 ポイント1 ポイント  (0子コメント)

          Well, I wonder. The cost per view at youtube sits between $0.50 and $3 per 1000 views or so for most people. Some are much lower, some are quite a bit higher.

          In other words, a single view is worth about 0.1 or 0.2 cents. That is after youtube takes it cut and you pay processing fees, by the way.

          So the question is, would I be willing to pay $1 and watch 1.000 youtube videos ad-free, knowing it'd also support the creators of the content.

          When that $1 is taken from my wallet in an easy 3 second process without needing to fill in lots of info or register for an account anywhere. But simply required me to press 'OK' on my phone or something, like bitcoin could do?

          In my case, absolutely. In fact, if bitcoin existed from the beginning, I think we would all be laughing at the notion of a completely advertising-driven web. It'd be like getting cheap clothing with advertising on it, or getting cheap rent with advertising billboards on your walls. I don't think advertising is the natural choice for human beings, and if there is an alternative, like micropayments, it might just work.

          I know none of this is trivial, but the notion that we have to pay for our content is no deal-breaker. The cost of content per person is so low, it's feasible. In a way we have ads to thank for that, they're so ineffective, annoying and ubiquitous, that they've also become a cheap one tenth of a penny, so replacing them with micropayments is not a big deal.

          [–]Ninja_Fox_ 2 ポイント3 ポイント  (0子コメント)

          That would create an army of karma whoreing unidans.

          [–]Nooku 1 ポイント2 ポイント  (0子コメント)

          Great idea!

          Then we can finally stop all those poor and dumb people from voting, and we can become the elite.

          We can upvote ads for great new products these poor people will want to buy and get even richer!

          The future is bright

          [–]chriswen 0 ポイント1 ポイント  (0子コメント)

          I don't think they plan on using the bitcoin currency. He said they would either use coloured coins or a sidechain.

          [–]Anenome5 0 ポイント1 ポイント  (0子コメント)

          Wicked.

          [–]kodiferous 0 ポイント1 ポイント  (0子コメント)

          Does that mean you would be able to get downvoted into bankruptcy?

          [–]bananapro 5 ポイント6 ポイント  (0子コメント)

          Looks like /r/buttcoin needs to leave reddit. No true buttcoiner can possibility use a website that supports bitcoin.

          [–]pmocoxe 9 ポイント10 ポイント  (0子コメント)

          Wow. And I thought buying reddit gold with bitcoins was pretty cool already.

          [–]puck2 3 ポイント4 ポイント  (0子コメント)

          It's somewhat cliche in SF to talk about technologies that are "disruptive", but I have to say it. Bitcoin is the most disruptive technology in the history of the world. Rather than think about what technologies bitcoin disrupts, ask, "what doesn't bitcoin disrupt?" I think in the coming decades, people's lives will be radically altered in a new economy based on bitcoin. It will change everything. As for what can be done at reddit specifically, think of reddit as being a purely digital internet community. People already use reddit for all manner of things like trading stuff or raising money. Building technology into the reddit experience that facilitates this stuff is going to be huge. I will be even more specific in the coming month or two as we start making announcements. Be on the look out for those.

          [–]bettercoin 3 ポイント4 ポイント  (9子コメント)

          "Bitcoin technology". What does that mean?

          [–]OnceBitcoinTwiceShy 2 ポイント3 ポイント  (0子コメント)

          It does not mean "Bitcoin," thats for sure. "Bitcoin Technology" refers to the blockchain technology behind Bitcoin. What is being called "Bitcoin 2.0" moves beyond the exchange of currency into a world where records, contracts, and even property can be exchanged online in a decentralized manner. /u/ryancarnated 's response here references The Mega Master Blockchain List which truly explorse the enormous possibilites of this technology.

          Companies like Blockstream, Ethereum and Ind.ie are examples of Bitcoin 2.0 projects.

          [–]3f6b7 -4 ポイント-3 ポイント  (7子コメント)

          Reddit coin

          [–]nawariata 21 ポイント22 ポイント  (0子コメント)

          Nope, Bitcoin. The guy confirmed it here.

          [–]IkmoIkmo 4 ポイント5 ポイント  (0子コメント)

          If I remember correctly Ryan said he'd like to actually use bitcoin, the network, and not create some new coin and new chain for that. It might be a colored coin instead of be called bitcoin, but it's very likely to use the bitcoin network and actual bitcoins.

          [–]_nightengale_ 0 ポイント1 ポイント  (3子コメント)

          I have a feeling this is coming too. The only thing that gives me pause is the two Bitcoin guys they hired to help develop whatever they're developing don't seem like the guys that would be interested in working on a project that could potentially detract from Bitcoin... Anyone else get that sense?

          [–]3f6b7 2 ポイント3 ポイント  (0子コメント)

          Could be an XCP asset

          [–]bettercoin 0 ポイント1 ポイント  (1子コメント)

          Sense means very little when money is concerned.

          [–]_nightengale_ 1 ポイント2 ポイント  (0子コメント)

          Maybe you're right, but I hope not. Maybe it will end up being a CounterParty token or something and at least built on top of the blockchain.

          [–]chriswen 1 ポイント2 ポイント  (0子コメント)

          They're not developing an alt coin.

          [–]1Bitcoinco 11 ポイント12 ポイント  (0子コメント)

          This really excites me. I want mass adoption because I hate the current system. Reddit can bring mass adoption.

          Also, with mass adoption, comes a major price increase :)

          [–]fiat_sux4 3 ポイント4 ポイント  (0子コメント)

          I'd like to see it set up so that anytime you upvote someone, it automatically pays them x bitcoins, where x can be set to anything. Default would be 0; minimum 1 satoshi = roughly $.00000361 at the time of writing. First people to use it would be the people that are currently changetipping (and these people would presumably set their default to something like $.01, something they could afford but would at least be nontrivial..), people that get upvoted with bitcoin would get a onetime message telling them about it, and then maybe everytime their account balance hits a significant milestone... 10, 100, 1000, 10000 satoshis etc. Eventually people would just start spreading the tips around organically without thinking about it.

          [–]guitarelf 1 ポイント2 ポイント  (2子コメント)

          So you're telling me we are all getting bitcoins equal to our karma, right?

          [–]Godfreee 0 ポイント1 ポイント  (0子コメント)

          That would be awesome lol

          [–]sleepnap 1 ポイント2 ポイント  (0子コメント)

          This is already the case.

          [–]jron 1 ポイント2 ポイント  (0子コメント)

          bitcoin's first killer app.

          [–]i_can_get_you_a_toe 3 ポイント4 ポイント  (3子コメント)

          Are they using bitcoin, or rolling out an alt?

          [–]i_can_get_you_a_toe 8 ポイント9 ポイント  (2子コメント)

          Great question! Here's the answer:

          https://www.reddit.com/r/blog/comments/2owj55/welcome_drew_ryan_mike_daniel_joe_dave_david/cmrbzvl

          Have a nice day, it's always great to talk to you!

          [–]Ninja_Fox_ 0 ポイント1 ポイント  (0子コメント)

          Great question!

          Have a nice day, it's always great to talk to you!

          Wait, you asked it??

          [–]abolish_karma 0 ポイント1 ポイント  (0子コメント)

          And the answer: "We are not making an altcoin. We are not making an altcoin. We are not making an altcoin."

          [–]ryepdx 5 ポイント6 ポイント  (2子コメント)

          This is gentlemen!

          [–]Hakuna_Potato 0 ポイント1 ポイント  (1子コメント)

          100 bits /u/changetip

          [–]changetip 0 ポイント1 ポイント  (0子コメント)

          The Bitcoin tip for 100 bits has been collected by ryepdx.

          ChangeTip info | ChangeTip video | /r/Bitcoin

          [–]OprahNoodlemantra 1 ポイント2 ポイント  (2子コメント)

          I have 195.77 Doge and 0.01891849 BTC. How long until I'm rich?

          [–]cryptowho 3 ポイント4 ポイント  (0子コメント)

          Assuming you are in US. Pretty sure it costs a few thousands dollars to change your name to Rich officially.

          Enjoy your future name , Dick!

          :)

          [–]mr1beer 1 ポイント2 ポイント  (0子コメント)

          Turn Reddit into a blockchain application :)

          Seriously, a distributed forum app with changetip built into every post making it easy to do as upvoting or downvoting.

          [–]GoodRedd 0 ポイント1 ポイント  (0子コメント)

          /u/GoodRedd would like to trade with you. Click here to view.

          [–]Anenome5 0 ポイント1 ポイント  (0子コメント)

          Holy. Shiza.

          [–]red_firetruck 0 ポイント1 ポイント  (1子コメント)

          Possibly the most neckbeard job title out there

          [–]BuffyButtcoinSlayer -1 ポイント0 ポイント  (0子コメント)

          probably the most redneck post in this whole thread.

          [–]lolwutok 0 ポイント1 ポイント  (0子コメント)

          So does this mean reddit is going to start banning the altcoins from the site, many have built tipping bots

          [–]cryptodwarf 0 ポイント1 ポイント  (0子コメント)

          btc is life

          [–]foldor 0 ポイント1 ポイント  (0子コメント)

          Just a heads up, but you no longer need to use np.reddit.com to get https.

          [–]1449 0 ポイント1 ポイント  (0子コメント)

          Everybody with a middle initial of "X" is presumptively awesome.

          That is all.

          [–]theymos 1 ポイント2 ポイント  (12子コメント)

          There are many interesting things that you can do with Bitcoin besides just money, but for a website like this? Maybe authentication? Comment timestamping? Integrated tipping? I don't know... Maybe they'll surprise me, but I have a feeling that whatever they come out with will be either underwhelming or just downright wrong.

          [–]bubbasparse[S] 3 ポイント4 ポイント  (9子コメント)

          Integrated tipping would be disappointing?

          [–]theymos 6 ポイント7 ポイント  (7子コメント)

          One really cool thing they could do would be to require tipping for every comment/submission vote. There was a site called witcoin in 2011 that did that, and it worked pretty well. But this would be such a major change that I doubt they'd actually do it.

          Off-topic random thought: Someone should recreate witcoin. How it worked was that upvoting something had a small fixed cost. A large amount of this money would go to the submitter, but some of the money would also go to everyone who upvoted the post previously, with far more money going to people who had upvoted the submission earlier. This encouraged people to patrol new posts and only upvote things that are actually good. A very small percentage of the upvote fee also went to the site, though this was enough to make the site pretty profitable. It was a very fun site IMO. (It was shut down because of unrelated issues experienced by the operator, not due to lack of success/popularity.)

          [–]i_can_get_you_a_toe 3 ポイント4 ポイント  (0子コメント)

          No way they do it site wide, but they could make it an option for subreddits. If they work out the economics correctly, which they could, they may be on to something very big.

          If they showed a marked improvement in user moderation, it would spread like wildfire. Youtube and everyone else would have to do it too.

          [–]Thorbinator 1 ポイント2 ポイント  (0子コメント)

          Sounds like it could be done well here.

          [–]ryancarnated 2 ポイント3 ポイント  (4子コメント)

          Yep, I remember witcoin and actually use it way back in the day. It was never super popular, but the core idea was there.

          I had an idea for a different way to do this that would help with spam. Rather than actually spend money on upvoting, it could be based on simply proving that you have a certain amount of bitcoins buried in a certain number of blocks. That way you don't have to pay to upvote, but at the same time, it is not "free" exactly. Only people who actually have, say, at least 0.1 bitcoin buried under a bunch of blocks would be able to upvote. You couldn't create 1000 spam accounts for upvoting without locking up 100 bitcoins.

          [–]MarketAhab 5 ポイント6 ポイント  (3子コメント)

          I see what you're trying to get at with your idea, but thinking about it, it sounds absolutely horrible. What happens if someone is too poor to hold 0.1 BTC? It might not seem like a lot to you or me, but for someone who lives in a less developed country or someone who struggles to get by and lives paycheck to paycheck it could be very difficult. I don't think the rich or well off should be privileged in their voting abilities--that's one of the biggest things wrong with American society as it is right now, corporations and the rich can lobby ("vote") for things that benefit their own self interests. I'm not down-voting you or anything; I just disagree.

          [–]ryancarnated 1 ポイント2 ポイント  (2子コメント)

          Yep, you pretty much nailed the #1 problem with my idea and why I never actually bothered to build it. However, I think there's something amazing about the possibility of building it, so I figured it was worth sharing the idea.

          [–]MarketAhab 1 ポイント2 ポイント  (0子コメント)

          Maybe linking up to a social network or something to verify a user's identity would be less problematic. Some people might have a privacy concern doing that of course, but as long as it was just a verification method, I think most people would be ok with it.

          [–]rondeline 0 ポイント1 ポイント  (0子コメント)

          What if you could sponsor someone as well? I'll share my .1 BTC with my friend who I know won't be called out as a spammer.

          Spammers would of course sponsor themselves, but least then they would be linked accounts so you could trouble shoot spammers in mass more effectively.

          That would also answer /u/MarketAhab's point in that you wouldn't need to ask Reddit's user base to hook up to social networks.

          You probably thought of that..if not, can I drop my mic now?

          [–]theymos 1 ポイント2 ポイント  (0子コメント)

          It'd be an improvement, but we already have changetip, so it wouldn't excite me that much.

          [–]nawariata 4 ポイント5 ポイント  (0子コメント)

          Hope they won't monetize karma, Reddit would truly go down the shitter.

          [–]aesamattki 0 ポイント1 ポイント  (0子コメント)

          "Posts in frontpage subreddits that achieve certain level of popularity get 1 BTC per day"

          [–]goldcakes 0 ポイント1 ポイント  (1子コメント)

          Reddit + Bitcoin = yes

          Reddit + Blockchain Technology (crappy altcoin) = no

          [–]Ninja_Fox_ 0 ポイント1 ポイント  (0子コメント)

          They are not using an alt

          [–]Nooku -2 ポイント-1 ポイント  (0子コメント)

          Great news!

          I really hope Reddit builds their new own Cryptocurrency, go go go Reddit!

          [–]bitcoinruss -3 ポイント-2 ポイント  (4子コメント)

          One Satoshi per karma?

          [–]xbtdev 7 ポイント8 ポイント  (3子コメント)

          You want to exacerbate the repost problem?

          [–]puck2 2 ポイント3 ポイント  (2子コメント)

          100 Satoshis to repost.

          [–]xbtdev 1 ポイント2 ポイント  (1子コメント)

          And 4000+ earned if it hits the front page.

          [–]puck2 0 ポイント1 ポイント  (0子コメント)

          Ok, 1000 satoshis to repost... there is some utility in a repost that finds traction.