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News

Reddit Crypto Communities Are Suddenly Offline

June 12, 2023 - Around 3 mins mins to read

Key Points:

  • In 48 hours, Reddit communities overwhelmingly opted to become private or read-only.
  • Although it is predicted that roughly 3,500 communities will become unavailable, the figure might rise if additional communities join the uprising.
  • The list contains prominent crypto communities that have helped millions of global investors debate different parts of the ecosystem.
A Reddit blackout is supposedly taking place today. According to updates, many communities will be unreachable today in protest of the social site’s management.
Reddit Crypto Communities Are Suddenly Offline

Many sub-communities, including major crypto communities, unanimously voted to go private for 48 hours in protest of the new corporate policy prohibiting the usage of third-party apps.

Reddit revealed intentions in April to change the way users interact with the Reddit Data application programming interface (API), a seven-year-old service that allows developers to build tools and utilities for moderation and other activities.

According to estimates, the majority of developers and consumers are rejecting the company’s recent pronouncements. This mostly entails Reddit imposing contentious fees on developers of third-party programs used to explore the social media network.

The desire of Reddit to develop native moderator tools has a direct influence on the community’s capacity to design and utilize third-party solutions for regulating content and interactions. Since the contentious modifications have apparently not gone down well with users, several of the largest subreddits’ administrators have made their communities private for over 48 hours in protest.

Reddit Crypto Communities Are Suddenly Offline

According to the reports, as a consequence of the reaction, around 3,500 subreddits would be unavailable to the majority of users. A subreddit, for the uninitiated, is a forum inside the website. This forum is more akin to a community of individuals who get together to discuss a common interest.

The list contains prominent crypto groups that have helped millions of investors across the globe debate different parts of the ecosystem.

r/Bitcoin, r/CryptoCurrency, and r/cardano are among notable communities devoted to discussing Bitcoin and cryptocurrencies that are criticizing the move. The company has also faced criticism for charging for access to its data API.

Reddit Crypto Communities Are Suddenly Offline

Unlike other social media platforms, the platform mainly depends on community moderation. Thousands of unpaid moderators are also apparently used by the company to keep the site operational. These moderators also make certain that their communities are free of off-topic comments, prohibited material, and other forms of spam.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Reddit Crypto Communities Are Suddenly Offline

Key Points:

  • In 48 hours, Reddit communities overwhelmingly opted to become private or read-only.
  • Although it is predicted that roughly 3,500 communities will become unavailable, the figure might rise if additional communities join the uprising.
  • The list contains prominent crypto communities that have helped millions of global investors debate different parts of the ecosystem.
A Reddit blackout is supposedly taking place today. According to updates, many communities will be unreachable today in protest of the social site’s management.
Reddit Crypto Communities Are Suddenly Offline

Many sub-communities, including major crypto communities, unanimously voted to go private for 48 hours in protest of the new corporate policy prohibiting the usage of third-party apps.

Reddit revealed intentions in April to change the way users interact with the Reddit Data application programming interface (API), a seven-year-old service that allows developers to build tools and utilities for moderation and other activities.

According to estimates, the majority of developers and consumers are rejecting the company’s recent pronouncements. This mostly entails Reddit imposing contentious fees on developers of third-party programs used to explore the social media network.

The desire of Reddit to develop native moderator tools has a direct influence on the community’s capacity to design and utilize third-party solutions for regulating content and interactions. Since the contentious modifications have apparently not gone down well with users, several of the largest subreddits’ administrators have made their communities private for over 48 hours in protest.

Reddit Crypto Communities Are Suddenly Offline

According to the reports, as a consequence of the reaction, around 3,500 subreddits would be unavailable to the majority of users. A subreddit, for the uninitiated, is a forum inside the website. This forum is more akin to a community of individuals who get together to discuss a common interest.

The list contains prominent crypto groups that have helped millions of investors across the globe debate different parts of the ecosystem.

r/Bitcoin, r/CryptoCurrency, and r/cardano are among notable communities devoted to discussing Bitcoin and cryptocurrencies that are criticizing the move. The company has also faced criticism for charging for access to its data API.

Reddit Crypto Communities Are Suddenly Offline

Unlike other social media platforms, the platform mainly depends on community moderation. Thousands of unpaid moderators are also apparently used by the company to keep the site operational. These moderators also make certain that their communities are free of off-topic comments, prohibited material, and other forms of spam.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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