Vitalik proposed idea of Moons 10 years ago on Reddit and talked about the decentralized reputation based social network system in Ethereum unveiling in 2014 – Moons today are changing the very fabric of social apps BULLISH
2 min read
Being a visionary as he is, he was years ahead of thinking of ways crypto can change and decentralize the world.
“Imagine if I wanted to help the subreddit on Mesoamerica get more attention. Then I could create a faucet that gives a differential amount based on the number of upvotes you get inside of that subreddit, encouraging people to post good comments there.”
Introducing Ethereum at Bitcoin Miami 2014 Convention
“You can use Bitcoin, you could expand this idea of Namecoin and turn it into entire reputation system, into a entire decentralized social network”
Fast forward to 2023, we now have Reddit decentralizing their platform on the very basis Vitalik suggested 10 years ago partnering with Ethereum Foundation
Steve Huffman CEO of Reddit
I think people should be able to make a living, should be able to generate wealth on reddit. And so, that’s economic empowerments. And I think the energy is there, and, you can see some of our work towards this end.
Today with growth social apps and people expanding their identities online into their favorite communities and apps we see the importance of empowering us users. Seizing and storing the value we create through our contributions.
We saw power of governance voting in Banner renting CCIP and we now see it’s US getting payed for ads targeted at US. That’s empowerment!
Reddit being one of the biggest social platforms and this subreddit being the biggest crypto internet community are paving way for web3 and will change and are changing the way people see and use social apps. You could say that Moons are in a way BTC of 2020s!
submitted by /u/meeleen223
[link] [comments]
