I'm not certain why crypto is hugely important here. Can reddit not just ask people to link a paypal/some other banal payment provider if they would like to pay content creators?
I see two huge reasons: 1. friction and legal issues when it comes to money being send to people 2. lack of a second market for current reddit badges etc.
Now if said badges were say NFTs and could be traded for something else easily, I would agree with you.
Isn’t reddit already doing this with NFTs and a secondary market? And I think it’s not working out so great.
Edit: I can’t for the life of me find the link but I swear there was an article posted to HN in the last week or so about Reddit giving mods an exclusive NFT or token of some sort that the mods were then selling for significant sums.
JaimeThompson|4 years ago
csdvrx|4 years ago
Now if said badges were say NFTs and could be traded for something else easily, I would agree with you.
elliekelly|4 years ago
Edit: I can’t for the life of me find the link but I swear there was an article posted to HN in the last week or so about Reddit giving mods an exclusive NFT or token of some sort that the mods were then selling for significant sums.
bosie|4 years ago
how is the mode of sending money the problem here?