Big props to Reddit for experimenting with contributor ownership, and I know this is totally the fault of regulation and not Reddit themselves, but this made me sad.

This is why we crypto; it's a global economy.

Blockchain and Digital Assets advisory. Building across Asia. Let's chat!

Going public in theory: you are owned by THE PUBLIC! It's democracy and it's a free market at the same time!

Going public in practice: you are owned by Blackrock, and totally unaligned randos and lawyers collecting $6b paychecks.

Community contributor airdrops are great, but they are one-time; need a rolling model

IMO going public here is the beginning of the end for Reddit. As it was for Facebook.

Personally I’m shifting any time or energy I put into that platform over to Farcaster.

IPO: Only US citizens
ICO: No US citizens

I'd be more bullish about the experiment if they had gifted shares.

Time for the US residents to tokenize their shares...

They are going in the wrong direction. I think they will regret this.

Rumor is the IPO killed the tokenization projects for the communities too

As a full time crypto worker, this definitely feels very validating. It’s so reasonable to me that internet platforms like Reddit should be owned substantially by its users, core developers, and liquidity providers. 

The current ownership structure of Reddit is no longer the best option available.

So I’m kinda new to crypto and trying to understand it more. Why exactly would a company choose to go public through crypto over a more traditional route? And are there certain types of companies where it would make more sense?

Vitalik, if you launched a meme coin about your big 'ol dingdong, please call it "$VBD" it has multiple meanings but they all are the same lol

Kudos to Reddit for exploring new ownership models, yet it's frustrating to see regulation hinder progress. Embracing crypto offers a glimpse into a borderless economy, where creativity knows no bounds!

Non-US are left out despite being an integral part of Reddit growth.

How do we stop this insanity? What was once a free world just a few years ago doesn’t seem like it is anymore. 69 $degen you champion of human rights you.