Cryptoverse Speculates On Alleged Reddit Plans With Ethereum (UPDATED)

Source: Adobe/prima91

Speculations that an Ethereum (ETH) blockchain-based asset may be coming to major discussion website Reddit and that it is working on adding a points system based on this blockchain have recently become a new talk of the Cryptoverse. (Updated at 15:08 UTC: updates in bold.)

The story starts on Wednesday morning with redditor MagoCrypto opening “literally just the normal official Reddit app on Android” and finding a ‘wallet’ menu option there, and in it ‘blockchain.’ The redditor “got super excited to share with rest of y’all,” writes MagoCrypto who, according to a Reddit profile is a community manager at Unstoppable Domains, a San Francisco-based company that’s building blockchain domain names.

Not many people seem to be able to see this ‘addition’ to the app, and MagoCrypto stated that it’s not any beta testing. Even though not many details are available at the moment, MagoCrypto argues that “a huge social media implementing a blockchain asset can really be good for crypto adoption.”

“We continuously experiment with ways to support communities on Reddit. In this instance, we’re working with one community to test a feature that represents a user’s involvement in a community. We value and seek out community feedback as we continue to explore features that engage our users and communities,” a Reddit spokesperson told Cryptonews.com.

However, redditors are already making their own conclusions and are speculating based on the video MagoCrypto posted yesterday, showing what seems to be a beta implementation of a work-in-progress.

Reddit is implementing a points system on the blockchain! (Official Reddit app on Android) from r/CryptoCurrency

What can be seen is the user accessing their wallet, which offers options such as ‘recovery phase’, ‘introduction’, ‘help’, as well as ‘frequently asked questions’. In this last one, MagoCrypto finds the ‘using points’ section with categories that include ‘memberships’, ‘voting’, ‘reputation’, ‘what…

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