ExtraTorrent.cc - The Largest Bittorent SystemLogin   |   Register
Latest Articles
Most searched
Hot torrents
First Cams
View Torrent Info: Underworld Blood Wars 2016 HDCAM NAKRO
View Torrent Info: Moana 2016 HD-TS XviD AC3-CPG
View Torrent Info: Shut.In.2016.HDCAM.x264 - Lesnar
View Torrent Info: Fantastic Beast and Where To Find Them 2016 HD-TS x264-CPG
Hot torrents
XVID DIVX
View Torrent Info: The.Bourne.Identity.2002.BRRip.XviD.AC3-ETRG
View Torrent Info: The.Hollars.2016.HDRip.XViD-ETRG
View Torrent Info: Krampus.The.Christmas.Devil.Returns.2016.BRRip.XviD.AC3-EVO
View Torrent Info: It Had to Be You.2016.HDRip.XviD.AC3-EVO
Hot torrents
H264 X264
View Torrent Info: Suicide.Squad.2016.EXTENDED.1080p.BluRay.AC3.x264-ETRG
View Torrent Info: Kids.in.Love.2016.720p.BRRip.x264.AAC-ETRG
View Torrent Info: Fender.Bender.2016.720p.BRRip.x264.AAC-ETRG
View Torrent Info: End.of.a.Gun.2016.720p.BRRip.x264.AAC-ETRG
Hot torrents
Television
View Torrent Info: NCIS.New.Orleans.S03E08.HDTV.x264-LOL[ettv]
View Torrent Info: Conviction.2016.S01E09.HDTV.x264-LOL[ettv]
View Torrent Info: American.Dad.S13E05.HDTV.x264-FUM[ettv]
View Torrent Info: 2.Broke.Girls.S06E09.HDTV.x264-LOL[ettv]
View Torrent Info: YZ.2016.Marathi.720p.WEB-DL.H264.ESub.AAC2.0-DDR
View Torrent Info: Nenu Sailaja (2016)   EXTRAS 720p UNCUT HDRip x264 [Dual Audio] [Hindi DD 2.0 - Telugu 2.0] Exclusive By -=!Dr.STAR!=-
View Torrent Info: Morgan (2016) 1080p BDRip DUAL DD 5.1 x264 ~ PyZ
View Torrent Info: Kahaani 2 (2016) Hindi 1CD Desi Cam x264 AAC - Downloadhub
30s
Chat
To add new messages please Login or Register for FREE
Warning! Stop Government from Tracking Your Torrenting!
Your IP Address is 54.197.142.219.   Location is United States
Your Internet Provider and Government can track your internet activity! Hide your IP and LOCATION with a VPN
ExtraTorrent strongly recommends using Trust.Zone VPN to anonymize your torrenting. It's FREE!

ExtraTorrent.cc > Articles > Reddit Quietly Abandoned Its Cryptocurrency

Reddit Quietly Abandoned Its Cryptocurrency

Reddit Quietly Abandoned Its Cryptocurrency

Added: Wednesday, February 18th, 2015
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
Social news website Reddit recently gave up its plans to create its own version of the Bitcoin cryptocurrency, firing its lead developer and dissolving the project. The project was launched five months ago as part of a fundraising round that raised $50m from VC firms: in fact, Redditcoin was a part of the plan by Reddit CEO to give part of the company’s equity back to users, with the investors proposing to give 10% of their shares back to the community.
screenshot_404.png

4 months ago, Reddit advertised for a cryptocurrency engineer and hired developer Ryan X Charles from Bitcoin company BitPay. Reddit project sought to create a new cryptocurrency, backed by shares in Reddit and distributed to users of the website. The developer started to implement the Bitcoin software that was supposed to run in-browser and allow users of the website trade any coins, including Bitcoins, Dogecoins and Litecoins, directly through the site.

However, after two months, Reddit CEO resigned, and Charles was left leaderless at Reddit with no one to report. Apparently, nobody else supported the idea of launching the cryptocurrency service. As a result, the project was shut down and the developer got fired in only 4 months. After leaving, Ryan Charles said that cryptocurrency would surely return to Reddit in the coming years. One of the Reddit’s cofounders also thinks so. He said Reddit would be issuing Redditnotes later. Apparently, the research made by the company led it to wait until the law and technology around cryptocurrency were further along before continuing the project. Reddit’s cofounder claimed the company wanted to make sure it is able to give the community the full value of the equity when they receive it in the future.

Posted by:  SuperAdmin
Date:  Wednesday, February 18th, 2015



Comments (0) (please add your comment »)

No comments

Articles Search
Most Popular Stories
Articles Categories
Articles Tags


Home - Browse Torrents - Upload Torrent - Stat - Forum - FAQ - Login
ExtraTorrent.cc is in compliance with copyrights
BitCoin: 12DiyqsWhENahDzdhdYsRrCw8FPQVcCkcm
Can't load ExtraTorrent? Try our official mirrors: etmirror.com - etproxy.com - extratorrentonline.com - extratorrentlive.com
2006-2016 ExtraTorrent.cc5