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.

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

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

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

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

I hear you. I just dealt with a similar but specifically the OPPOSITE issue. Because I’m “in the usa” I’m not supposed to do certain things, or invest in certain things, because some “dude who got his Twitter hacked” doesn’t think it’s a good idea…

IPO: Only US citizens
ICO: No US citizens

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.

I was expecting this when fb IPO-ed. Great to see it happening now despite the legals. Crypto doesn't really work for UK & US if you follow financial advice on promo/arranging for token issuance - not clear in most cases. Working on a token launch in germany and it's a bit better but have to exclude UK, US.

Sadly, in the US we can't use Coinlist or anything IPO related normal. Blocked from most airdrops as well. Really a bummer. Hoping that changes sooner than later, but the US gov loves their oversight and control a bitttt to much I think. 😑