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LBRY Claims • reddit-cryptocurrency-pivot-moons-the

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23 May 2020 13:46:40 UTC
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Reddit Cryptocurrency Pivot: Moons & the Integrated Ethereum Wallet
Reddit's making some huge strides forward in pushing along adoption to their 330 million monthly active user base with the integration of the "vault" into their IOS and android apps. You have to be a member of the r/Cryptocurrency and contribute to earn their "moons" or r/fortniteBR to earn their "Bricks".

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Transcript:
I'm always looking out for interesting developments for use cases of crypto. And the biggest one is mass adoption for the larger community. And when in terms of largeness, it really doesn't get much larger than Reddit. What people don't know about Reddit is that some 330 million people visit a month, people spend more time on Reddit than any of the other top 10 sites so longer than you think and even believe that YouTube and Facebook and Twitter and all these other sites, there's such a diverse offering of topics on Reddit that you see a lot of people on there that are really engaged in their communities.

And as far as I can see, they're technically minded, they're smart, and you get a lot of really good content from going on Reddit. So The development that happened about a week ago is that within the cryptocurrency subreddit, and they also are doing one on a fortnight, I think are slash fortnight VR. But this one, through your contributions to the site, you're going to be earning community points which are tied to the karma. And so there are measures in place to make sure that there's not karma farms and that the votes are for good content and good comments and posts and that sort of thing. So what you're learning was you're earning our moons. And these moons are provided for you for free. Of course, you know, Reddit karma is just free internet points, in essence that show how serious you are about delivering good content to the platform to any of the subreddit communities.

So the way this is structured is they did an initial release of 50 million moons for people that have been on the subredditcommunity, it's over a million people that are actively using it are slash cryptocurrency. And then essentially, that these moons give you the ability to get all sorts of badges and you can post animated gifts. can promote post emojis and the value is really being able to have a stake in the community. And so perceivably that would go up as the community starts to go up. So it's like, in essence, you're getting a little piece. And that's the whole appeal of a dap or one of the D five projects is that if you have like a native token, then you benefit when the whole project gets traction. So if you look in your wallet, you can see that for, you know, select accounts that are members of that community, you go to vault, and you just set up with your profile. And then you get a password that you can either store off the app
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