Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

About 5 years ago, Reddit hired a crypto guy, Ryan X Charles, to make something called "reddit notes"[0] that they could never explain[1]. He wasted his time re-implementing bitcoin in Javascript[2], and was eventually fired.[3]

I guess you could say they were already early pioneers of the "cryptocurrency scam flameout" pattern.

[0] https://www.reddit.com/r/redditnotes

[1] https://www.engadget.com/2014/12/19/reddit-notes/

[2] https://www.reddit.com/r/Bitcoin/comments/2uadvd/the_real_re...

[3] http://fortune.com/2015/01/30/reddit-notes-is-not-going-to-h...



But why not mine bitcoins client-side with millions of mobile users? (/s)


If that would mean staying independent and free from economic/political interference, why not?


That would require Bitcoin to be free from economic/political interference first, and given the the block size debacle and concentration of power with the Chinese miners, that's not the case.


Because users like their batteries?

Because trying to do crypto properly in a language without integers is recipe for disaster?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: