Vitalik: Strongly supports Reddit's attempt at contributor ownership

ChainCatcher news, Vitalik Buterin quoted "Description of the Directed Stock Plan in Reddit's IPO (for U.S. citizens only)" on Warpcast, stating: "I strongly support Reddit's attempt at contributor ownership. I know this is entirely the fault of regulation, not Reddit itself, but it makes me sad. This is why we use cryptocurrency: it is a global economy."

Previously, Reddit submitted an IPO application to the NYSE and stated that it would invest part of its excess cash reserves in Bitcoin and Ethereum, and may continue such investments in the future.