Reddit to says tokenize points new

One where even users can earn by curating content.

Recently read a beautiful thread by @evan_greer on smth similar:

— Rahul 🔊🦇 (@iamRahul20x) November 3, 2021

Because Reddit collaborated with OffChain Labs’ Arbitrum network, a second Blockchain instance will be created to store users’ tokenized community points.

How will we pull this off?

Reddit has partnered with @OffchainLabs (@arbitrum) and created our own separate instance.

Community points for 2 subreddits (~80,000 users) are already on Rinkeby Testnet on our Arbitrum network (separate to Arbitrum One).

According to the website:

“Your Community Points exist on the blockchain, independently of Reddit, where they can only be controlled by you (just like Bitcoin (BTC) !).”

How will we pull this off?

Reddit has partnered with @OffchainLabs (@arbitrum) and created our own separate instance.

Community points for 2 subreddits (~80,000 users) are already on Rinkeby Testnet on our Arbitrum network (separate to Arbitrum One).

— Rahul (@iamRahul20x) November 3, 2021

Reddit’s partnership with Offchain Labs’ Arbitrum network will allow for the creation of a separate blockchain instance, to be used for storing users’ tokenized community points.

Or perhaps the company genuinely wants to improve diversity among staff, but past initiatives have been lacking.

“You could be in an organization where there are very few people like you. And in one regard, it could have been that you were hired as a token,” she said. “In another regard, it could be a company that’s really, genuinely interested in diversifying but their efforts haven’t been fruitful…the intent was good, they just haven’t gotten things lined up well.”

Tokenism: “the practice of doing something (such as hiring a person who belongs to a minority group) only to prevent criticism and give the appearance that people are being treated fairly.” -Merriam Webster

What Can Businesses Do About Tokenism?

There are three components to preventing tokenism: diversity, equity, and inclusion.

Reddit to says tokenize points new york

This is a huge benefit in the payment card industry, ensuring the highest security standard possible. The only thing a hacker would obtain is a list of token numbers which would be of no use to them. This makes credit card data unusable, adding additional layers of security.

Tokenization & Encryption FAQ

Let’s take a closer look at tokenization and encryption through the most frequently asked questions.

What is Encryption?

Cryptographically disguises payment information from point of payment entry (e.g.

Reddit to says tokenize points news

The public is starting to hate them because they have become too powerful and their algorithms are perceived as manipulative.

Calls to break up monopolies like Google, for example, keep rising. Censorship on Twitter of even prominent politicians is of course not without political consequences.

The law has an important role, especially the enforcement of anti-competitive regulations, but some in Silicon Valley think the way to take down these monopolies is with the blockchain.

What makes Google as Google is the vast amount of data it collects and then feeds into algorithms which give it the advantage of producing more intelligent results.

These data are proprietary.

A start-up for example can’t tap into the search queries and the other relevant data like location, to then feed into its own algorithm which might do things better.

Meaning one can’t quite compete with Google, except by opening up the data.

As it is the data that makes Google as Google, the tech giant can not compete by opening up its own data because it is that data which makes it relevant.

If this data however is made available to all through immutable distributed systems, like the blockchain of course but also things like IPFS or really even systems like IRC, then some kid in his basement could well do a better job than Google and thus we open a wave of innovation.

And we all love innovation, of course, but looked from Google’s point of view this disruptive innovation can be a threat.

So bringing us back to Reddit.

Reddit is a vast network of communities that are created, run, and populated by you, the Reddit users.

Through these communities, you can post, comment, vote, discuss, learn, debate, support, and connect with people who share your interests, and we encourage you to find—or even create—your home on Reddit.

While not every community may be for you (and you may find some unrelatable or even offensive), no community should be used as a weapon. Communities should create a sense of belonging for their members, not try to diminish it for others. Likewise, everyone on Reddit should have an expectation of privacy and safety, so please respect the privacy and safety of others.

Every community on Reddit is defined by its users.
Some of these users help manage the community as moderators.

Admissions Operations and Diversity Recruiting Manager at the Owen Graduate School of Management

  • Elizabeth Hart, Associate Director of Communications at the TN Department of Health
  • Kia Jarmon, Founder of MEPR Agency
  • LoLita Toney, Managing Director of Ivy Business Solutions
  • Melissa Thomas-Hunt, Vice Provost for Inclusive Excellence and Professor of Management, Vanderbilt University
  • Susan Vanderbilt, Executive Director and Owner of Entrée Savvy
  • What is Tokenism?

    The panel kicked off by defining tokenism: “the practice of doing something (such as hiring a person who belongs to a minority group) only to prevent criticism and give the appearance that people are being treated fairly” (via Merriam Webster).

    Knox pointed out that intent is important in deciding whether or not a company is engaging in tokenism.

    Even when you look at corporate bottom lines, the ones that have more diversity have higher profit margins,” Knox noted. A recent study in the Harvard Business Review found that companies with above-average total diversity have 19% points higher innovation revenues and 9% points higher EBIT margins, on average.

    How Should Students or Employees Respond?

    In an ideal world, diversity, equity, and inclusion would work together to create a successful, welcoming culture at every company. But what should job candidates and employees do if they suspect they’re being tokenized in a work setting?

    “For those of us who are new to particular spaces, we need to avail ourselves of every opportunity to build relationships,” Thomas-Hunt said.

    Tokenization can be used to safeguard data in a number of areas such as medical records, banking and credit card payments. In other words, is it possible to tokenize credit cards – let’s see, how.

    What is credit card tokenization?

    Credit Card tokenization is the process of replacing sensitive customer details with an algorithmically generated number that is impossible to trace back to the original data or information. The result – a (credit card) token – makes it impossible for anybody to misuse sensitive information, as the tokenization algorithm ensures that the data is unable to be traced back to its original source.

    As an example, when a customer makes a purchase using a credit or debit card, the tokenization process takes the card number and transforms it into a mathematically irreversible token.

    Then, realizing that they need an L2 solution to entertain their heavy traffic in an economical manner, Reddit launched “The Great Reddit Scaling Bake-Off” after inviting multiple Ethereum teams to develop an L2 solution, specifically for their needs.

    I.E. r/cryptocurrency and r/FortNiteBR already use community points aka tokens.

    Lots of cool learnings already.

    Feel free to join and play out with them.

    But we need to scale it even more for gasless tx. Some cool engineering innovations coming up !

    — Rahul 🔊🦇 (@iamRahul20x) November 3, 2021

    Offchain Lab’s Arbitrum was declared the ultimate winner on July 22, utilizing the roll-ups technology.

    They can also potentially be used to vote in or out the mods according toCarl Larson who coded the donuts system.

    Democratizing Reddit?

    For now Reddit is a dictatorship, literally, as the top mod in any sub has the power to censor, ban, etc.

    To manipulate political discourse, therefore, is as easy as giving that top mod one million dollars or whatever, and now you have control over a huge audience that uses r/worldnews for example or r/politics.

    We all know of how what was once a neutral sub, r/politics, became r/hillary overnight with Conde Nast, which owns Reddit, doing nothing about it at all.

    They claim mods have full right to do whatever they want, with r/worldnews also becoming more and more controlled with heavy censorship that skews to the left or far left.

    This repeats.

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