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- Vitalik Buterin commends Reddit’s “contributor possession” initiative.
- Reddit invitations solely U.S. residents to take part within the IPO.
- Buterin believed these limitations have been attributable to the rules.
In a latest submit on the decentralized social community Warpcast, Ethereum Co-Founder Vitalik Buterin mentioned his disappointment relating to Reddit’s upcoming IPO and person possession initiative. Nevertheless, Buterin appreciated Reddit’s experimentation with “contributor possession.”
Reddit shared the IPO particulars, inviting eligible customers who’ve contributed to Reddit to participate of their IPO. Curiously, the letter highlighted that solely U.S. residents are allowed to participate within the IPO. The letter said,
We’re providing a Directed Share Program (“DSP”) that invitations eligible customers and moderators who’ve contributed to Reddit to take part in our preliminary public providing (“IPO”). (Together with you!)
Furthermore, Reddit added that to point out gratitude for the Reddit customers who “have helped make Reddit what it’s right now,” customers can grow to be Reddit homeowners “on the similar value as institutional traders.”
Acknowledging Reddit’s efforts in direction of “contributor possession,” Buterin highlighted the similarity of group involvement and person empowerment with the cryptocurrency world. Nevertheless, Ethereum’s co-founder, speaking concerning the U.S. residency standards, stated, “That is completely the fault of regulation and never Reddit themselves, however this made me unhappy.” He concluded by saying, “For this reason we crypto.”
The founding father of Ethereum typically opinions and writes about noteworthy cryptocurrency tasks in his articles. Our staff at Coin Version has compiled a listing of 5 cryptocurrencies that Buterin has praised and really helpful following in 2024. These embrace Worldcoin (WLD), BitTensor (TAO), Farcaster, StarkNet (STRK), and Ethereum Identify Service (ENS).
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