Reddit Migration

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WTF is this new crypto scam on reddit? Karma is now on the blockchain???? (feddit.it)

submitted 1 year ago by Moonrise2473@feddit.it to c/RedditMigration@kbin.social

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I was searching info on a crypto scam and saw that now reddit has jumped on the crypto bandwagon too? Everything must be on a blockchain for some reason

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[–] Obsession@lemmy.world 1 points 1 year ago (1 children)

More secure and useful, but network feed have to be paid

I would love a single example of how they're more useful or secure being on chain.

[–] FaceDeer@kbin.social 1 points 1 year ago

Hasn't it been a long-running complaint that admins can just edit karma and so forth however they want? By putting this on a blockchain it creates a public record that can't be tampered with without public awareness, and depending on how they do it it can't be easily tampered with at all.

Again depending on the technical details of how they implement this, the network fees may be trivial - small enough for Reddit to subsidize without the users having to worry about it at all.