Hard to say how this will affect crypto. More inflation for certain, so good for crypto. But crazy tax reporting could be very bad – doesn’t go into effect until 2023-24 I think.
Interesting thread. It seems that Reddit karma may soon earn you crypto via Arbitum, which I’ve never heard of, but seems to have some VC backing. Not sure what to make of it to be honest as I’ve polished off a fair bit of wine and my powers of reason are not at their best, but my immediate thought is that being paid for opinion is incentivising disinformation in a way that Reddit has so far largely avoided.
Your Karma points will soon be tokens. Think - community-based decisions. - forking subreddits in disagreements. And all of this without even losing your community points? It’s like moving from fb to Twitter without having to rebuild your followers.