this post was submitted on 20 Oct 2023
21 points (100.0% liked)

Reddit Migration

1 readers
2 users here now

### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/

founded 1 year ago
 

This time on Reasons Why Crypto Based on Reddit Karma Blockchain Points Is Dumb: potential fraud!

top 4 comments
sorted by: hot top controversial new old
[–] xep@lemmy.dbzer0.com 9 points 1 year ago (1 children)

Obvious by now that scamming gullible people is the only use case for crypto.

[–] HubertManne@kbin.social 3 points 1 year ago

whats sad is it does not need to be. gridcoin has a steady value based on the grid computing it provides (outside of a brief spike when idiots where buying anything labled as crypto). As far as I know its the only example where the value has any meaning.

[–] RheingoldRiver@kbin.social 4 points 1 year ago (1 children)

Huh? Didn't they start this like last month? Or is this not the "get money from your contributions" thing?

No, this is a different thing that was around for over a year but that a lot of people weren't aware of until recently. Iirc, they were these karma-based blockchain points that a subreddit could have. Don't remember much of the details