a variety of uses<\/a> for these tokens, including polls that give more weight toward active participants in the community, prizes for contests, and enabling users with good reputations to access extra features in other apps and websites.<\/p>\nThe company\u2019s avatar bet, in a way, is even bigger: an effort to get 10 million people to begin actively using crypto wallets \u2014 without ever calling them crypto wallets or (hopefully) using any crypto-related words at all.<\/p>\n
\u201cWe try really hard not to use any crypto words \u2014 it just confuses people,\u201d Huffman said. \u201cThe ecosystem is so confusing. I<\/em> can\u2019t figure out half this stuff.\u201d<\/p>\nHuffman offered a metaphor to make his point.<\/p>\n
\u201cOne of my frustrations with the crypto community is like, you know how everything in open source is just a little bit worse? But they\u2019re like, \u2018it\u2019s amazing<\/em>! Look at this Microsoft Word replacement, it\u2019s just as good! No it\u2019s not. Crypto\u2019s like that, again.\u201d<\/p>\nLike every crypto builder, Huffman\u2019s challenge is to abstract away all those confusing terms and arcane user experiences, and replace them with something approachable and valuable. Few if any companies have hit that bar to date, despite years of trying and billions of dollars invested.<\/p>\n
\n
Reddit is searching for what else can be shifted from platform to community control<\/q><\/aside>\n<\/div>\nReddit also has to conduct its explorations without triggering the sort of backlash that video game companies have experienced when they announce blockchain projects. Huffman told me he is confident that the company can \u2014 and said the recent crash makes it easier to focus on building utility.<\/p>\n
\u201cI was anti-profiteering, anti-bubble,\u201d he said. \u201cAll of this crypto stuff I found extremely distasteful and counter-productive for years, which is why we don\u2019t talk about it. Because I didn\u2019t want to get sucked into the hype, which I think is parasitic and delusional. Our business model is never, let\u2019s sell NFTs to crypto people to make a bunch of money. Our goal is to put identity and reputation into a third-party database.\u201d<\/p>\n
The next steps, then, are to get people using wallets, and from there see what other parts of Reddit might be devolved away from the platform to users and their communities.<\/p>\n
I enjoyed talking to Huffman, who brings the right kinds of skepticism to a technology that has been poisoned by wide-eyed optimists and outright scammers. At the moment it can feel as if the tech world is investing most of its energy into a set of Legos that no one has figured out how to put together \u2014 using building blocks like identity, ownership, and decentralization to make \u2026 something, and hope that the end product is worth all the effort.<\/p>\n
\u201cThe backlash usually comes from profiteering \u2014 we\u2019re distinctly and intentionally not doing that,\u201d Huffman told me. \u201cThe product may or may not work. But its success won\u2019t come at the expense of our users.\u201d<\/p>\n<\/div>\n
Source: https:\/\/www.theverge.com\/23323098\/reddit-steve-huffman-interview-blockchain-avatars<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Source: Crypto critics have had a very good year. Much of what they predicted has come to pass: that high-profile projects would be revealed as Ponzi schemes; that security lapses would lead to massive thefts; and that average people would be left holding the bag. Bitcoin, which was trading around $67,000 in November, is at […]<\/p>\n","protected":false},"author":1,"featured_media":13209,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69,8],"tags":[70],"class_list":["post-13208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-platformer","category-technology","tag-platformer"],"yoast_head":"\n
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