this post was submitted on 20 Oct 2023
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Reddit Migration

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

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[–] xep@lemmy.dbzer0.com 10 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