Reddit cryptocurrency eli5
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- Still Confused About Audius? Here Are 3 Takeaways From Their Revealing Reddit AMA
- Reddit user claiming to be Tesla insider now says bitcoin posts were not true
- ELI5 (Explain like I’m 5)
- reddit crypto faq
- Dogecoin soars 370% as Reddit group works to send the cryptocurrency 'to the moon'
- Trending Cryptocurrencies on Reddit in the past 24 hours
- Yes To Dogecoin, No To Shiba Inu: How Fans On Reddit Are Reacting To This Elon Musk Revelation
Still Confused About Audius? Here Are 3 Takeaways From Their Revealing Reddit AMA
Users and mods have always fought on Reddit. But when a group of "PowerMods" was accused of having too much control, the ensuing brawl hit every corner of the platform. Evan Hamilton, who runs Reddit's community team, said the goal is to "allow people to really build and curate the experience they want to have on the platform, and have some ownership, right? As with anything on Reddit, it's hard to know exactly how it all started.
But the fight that has consumed the platform in recent weeks definitely started well before it went viral. The post was simple: a screenshot of a table, listing popular subreddits in one column and moderators in another. It was titled "92 of top subreddits are controlled by just 4 people. But that fact paled next to the post's ominous subtext: These are the people who run Reddit.
And they have way too much power. Over the next several weeks, the list rocketed around Reddit. The post promptly went viral — at one point it was among the most popular posts on Reddit. That was May 12, which was approximately when things went haywire. A pattern took hold: The list gets posted and then deleted — sometimes because it doesn't follow subreddit rules, other times because it causes uncivil conversations, or for no stated reason at all — and then gets posted somewhere else.
The dispute, both about the post itself and the way the post has been handled all over Reddit, has turned into a brawl between the platform's users and its moderators. One of the most popular versions of the PowerMods list that's been passed around Reddit in recent weeks. Screenshot: David Pierce. At its core, what's happening on Reddit feels evocative of this moment on the internet — and society — as a whole: a deep mistrust of authority yields a relentless and potentially destabilizing search for the secretly powerful hand keeping people down.
In this case, some users say they've identified a cabal of "PowerMods" who control everything that happens on Reddit and manipulate the platform to their advantage. Moderators say they're receiving death threats because of a misleading list and for simply trying to do their part to make Reddit better. When Reddit's corporate team steps in, it only seems to make things worse.
Reddit's approach to content moderation has always been both unusual and central to its building of community. It gives users the right to set their own rules and the tools to enforce them. This kind of drama is hardly new to the platform, but something about this instance feels different.
It certainly did to Cyxie: The massively prolific poster and moderator, who had been on Reddit since and was helping oversee more than subreddits, abruptly deleted his account in the midst of it all.
And more than one person I spoke to believes the ordeal has proven that something about Reddit is fundamentally broken. Most social platforms have an established set of rules and a three-pronged approach to enforcing them. There are the automated tools, designed to catch most bad content before anyone sees it. There are the reporting tools, meant to make it easy for users to report rule-breaking.
And there are the teams of contractors, reviewing everything and making decisions. They decide what stays, what goes, what gets buried. Reddit isn't like that. Reddit is less a single platform and more a loose confederation of platforms, each with its own user-created norms. Evan Hamilton, who runs Reddit's community team, described it as similar to the United States.
Beyond that? Hamilton said Reddit's goal is to "allow people to really build and curate the experience they want to have on the platform, and have some ownership, right? Practically every subreddit, once it hits a certain size, develops its own rulebook. No two are alike: You can have a "Game of Thrones" subreddit that doesn't allow memes, serious discussion only, and a competing one where memes flow like Dornish reds.
Some are ruthless about formatting and style, others couldn't care less. The users responsible for enforcing these rules and getting the best out of their subreddit are the moderators, or mods.
By default, the creator of a subreddit becomes its moderator, and from there it's easy to add and remove new mods and control their permissions.
Moderators can have widely varying capabilities, from total authority over the subreddit to something like a backstage pass to watch others perform. Some subreddits have one or two, others have dozens. The first thing you need to understand about moderating, he said, is that nobody does it alone. Pretty quickly, Allam started joining more communities, posting more stuff, and discovered he had a knack for knowing what people might like on Reddit.
He started seeing things he posted make it into news stories and onto TV shows. Meanwhile, Reddit started to consume his life. You could call him the most popular person on Reddit. Even before he started modding, Allam saw first hand how immersed in suspicion Reddit can be. He'd join subreddits, he said, and moderators would instinctively throw him out: He was posting so much they assumed he was a bot or a corporation masquerading as a single person.
After a time, though, he got to know some of the moderators personally, and they brought him on board. He started in smaller communities, eventually building to bigger and bigger ones. At his peak, Allam guessed, he was moderating about communities. What does it mean to moderate a community? It depends. Some moderators are active, taking down posts, enforcing the rules, guiding the community. Others are more hands off. For the most part, Allam said, modding is thankless and often horrific.
He said he's talked with suicidal users, woken up to an inbox full of child pornography. And it's all done on a volunteer basis. He's not always sure why he keeps coming back. Much of the work of moderating a subreddit doesn't actually happen on Reddit.
It happens in email and Discord but mostly in Slack, where the moderators can discuss policies and specific decisions. Sometimes a subreddit will get its own Slack workspace, but more recently mods have been joining a single space for all moderators and creating private channels for each community. In most cases, even the Slack is run by mods.
The mods do have frequent contact with Hamilton's staffers at Reddit, who are known as "admins" and function sort of as the grown-ups in a kids show: They don't show up often, but when they do, you know someone's in trouble. Knowing all this, consider the implication of a list that says five moderators essentially control Reddit.
These five people are surely running the show in Slack, telling others how to run their communities, making everyone play by their rules and adhere to their values. One not-unpopular theory held that there's no way one person could be this active — some of these mods must be run by corporations or governments. Maybe from Russia or China. In the same thread, a user named notevengonnatryffs neatly summed up a broad feeling on Reddit right now. Any wizard behind the curtain must be dragged out into the open.
This, maybe more than anything, is what differentiates Reddit from so many other social platforms. All have similar moderation issues — just this week, YouTube was criticized for automatically censoring comments deemed anti-China, as was Twitter for leaving up tweets by President Trump about Joe Scarborough that seemingly violate the rules.
But in most cases, there's no one to rage at other than a faceless corporation or an unreachable CEO. On Reddit, the boogeyman has a name and an inbox. Users, mods and admins have been arguing since Reddit's earliest days, of course. As Gallowboob, Allam has been accused of deleting and reposting other users' content, just for the karma. He denies doing so. Once, Allam said, he posted an animation of a new Netflix logo he thought was cool, and instantly the community assumed he was a paid shill for the company.
The response got so bad that Allam emailed Netflix, begging the company to acknowledge he hadn't been paid. There have been cases in which prominent users were being compensated, of course — and Reddit never forgets.
The PowerMods list first crossed Allam's radar when a long-term Gallowboob troll posted it. Then it began to show up on other subreddits, Discords and 4Chan boards, where users would encourage others to post it themselves.
They figured eventually moderators wouldn't be able to keep up. And with every deleted post or suspended user, the vitriol got worse. Then, Allam said, his friend Cyxie made a crucial mistake. Cyxie didn't respond to multiple requests for comment. He used one of Reddit's automatic moderation bots, a tool designed to combat spam — people selling T-shirts or posting the same link over and over — that can be used to quickly ban someone from all of a mod's communities.
Cyxie happened to moderate a lot of communities. Which only made things worse. I believe it was this ardent rule-breaking, coupled with Reddit's ignorance of it, which drew people to my cause, right up to my baseless suspension. For a while, Reddit's community team didn't think much of the drama. Mods were sending new posts containing the list — and the harassment the posts were causing — to admins in huge volume.
That's apparently what led Cyxie to delete his account entirely. Eventually, a Reddit admin named Sodypop weighed in on the PowerMods issue.
We expect our users and moderators to abide by our site-wide rules and will continue to take action against anyone breaking these rules. It wasn't enough for Allam.
Meanwhile, the post continues to spread, its implications more powerful every time it gets removed. While Allam didn't delete his account, he did take an extended break from Reddit.
Reddit user claiming to be Tesla insider now says bitcoin posts were not true
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ELI5 (Explain like I’m 5)
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. And by the time we all thought we sort of knew what the deal was, the founder of Twitter put an autographed tweet up for sale as an NFT. Right, sorry. A one-of-a-kind trading card, however, is non-fungible. At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs.
reddit crypto faq
In this article, we discuss the 10 cryptocurrencies Reddit is buying for the next bull run. If you want to skip our detailed analysis of these currencies, go directly to the 5 Cryptocurrencies Reddit is Buying for the Next Bull Run. The past year was in many ways a defining one for the crypto industry. Other coins like Ethereum underwent a similar high and low, highlighting the risks associated with investing in crypto but also underlining the resilience of the blockchain technology in the face of regulatory and trust hurdles.
Dogecoin soars 370% as Reddit group works to send the cryptocurrency 'to the moon'
In this article, we discuss the 10 best cryptocurrencies to invest in according to Reddit. If you want to skip our detailed analysis of these cryptourrencies, go directly to the 5 Best Cryptocurrencies to Invest in According to Reddit. In early May, Tesla, Inc. The episode highlighted the volatile nature of the crypto market. Since cryptocurrencies are still finding it hard to get more mainstream recognition, an observation lend credence by the recent drop in the prices of cryptocurrencies on the back of campaigns on forums like Reddit and Twitter, as well as lobbying by big finance and governments that see crypto as a threat to the existing system, the Dogecoin saga has increased the skepticism surrounding the new technology.
Trending Cryptocurrencies on Reddit in the past 24 hours
On Sept. Cohen — the largest individual shareholder of Apple Inc. Even after Cohen joined the board and the stock price began to rebound, a handful of hedge funds and other institutional investors continued to short-sell GME stock. This was likely an attempt by large players to out-muscle amateur traders and induce panic selling. The WallStreetBets Reddit community saw this as an opportunity to push back against the financial elite and decided to whip up a buying frenzy in the hopes of creating a major short squeeze. When institutional investors short-sell a stock, what they actually do is borrow a number of shares they believe will drop in value, sell them at the highest price possible and try to buy them back later at a lower price. If the market turns against them, however, and the price of the shares increase, the trader is forced to buy the shares back at a loss.
Yes To Dogecoin, No To Shiba Inu: How Fans On Reddit Are Reacting To This Elon Musk Revelation
For one, he loved the Reddit community surrounding the digital coin, as its base had grown substantially since dogecoin's creation as a joke in He also appreciated that it was inspired by the Shiba Inu "Doge" meme, he says. And like many holders of dogecoin , "a reason why I put my savings into dogecoin is Elon Musk," who has repeatedly tweeted about the cryptocurrency.
Afghanistan reddit eli5. The Facebook Papers: What you need to know "We've been fueling this fire for a long time and we shouldn't be surprised it's now out of control," an employee reportedly wrote on an internal message Can you experiment with a mirepoix ratio or add an additional ingredient? What the Truman Doctrine and the policy of containment showed the world was that the United States was willing to do almost anything to stop the spread of communism. Reddit has hundreds of thousands of interest-based communities Search Reddit posts and comments - see average sentiment, top terms, activity per day and more Search Reddit posts and comments - see average sentiment, top terms, activity per day and more Browse top posts for June 18, - Page Not to mention their war in Iraq, overthrow of a government, all made up on lies.
Cryptocurrency investing continues to grow in popularity, and Bitcoin has become nearly a household name. As such, curious investors want to know more about this new -- if not controversial -- way to grow their money. With so much about crypto trading still unknown and the market rapidly changing, Reddit stands out as one of the go-to sources of cryptocurrency information and advice. Naturally, new investors look to experienced traders on the platform to advise them on where to buy Bitcoin and other digital currencies. With hundreds of exchanges catering to different needs worldwide, you'll get about as many opinions as there are users on what makes the "best" crypto exchange.
Interest in altcoins, or alternative digital coins, like dogecoin, surged this year. And among the investors at the forefront is billionaire Mark Cuban, who has built a portfolio of different digital coins and blockchain companies. His altcoin holdings include dogecoin , which he bought with his year-old son Jake earlier this year, and litecoin, which he disclosed during a Reddit "Ask Me Anything" in February. He also owns DeFi, or decentralized finance , coins like sushi and aave.
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