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❕NEWS Reddit Co-founder Plans Investing $100Million In Social Media On Solana

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Solana blockchain is platform that Alexis Ohanian, Reddit Co-founder is planning to unveil his Decentralized social media, talks are already on going with the SOlana co-founder Raj Gokal as regards this project. The project will be funded with $100 million and from his venture funds called 776.
Share your opinion on this development.
 
Reddit must focus more on creating new policies about material being posted on their platform and implementing those policies rather than focusing on investing money only. Reddit is being misused by many hate groups and it looks like the management is not doing anything about it.
am sure they would need to start doing something about it ,but I actually thought there is actually a report button there , probably if there are some content that are not preferable by the people they could easily just report to the moderator and the issue will be solved
 
There is a report button ; but yes I guess some times it is possible that a content might get missed by moderators since reddit is a much popular content platform so that is why you always should allow some time or you can try mass reporting as I said before if action is not being taken and you are sure that you have the right sense in this regard to report a content .
 
Offcourse it is a very good thing to invest heavily in ensuring that a coin gain momentum.The only problem is that it can never be a guarantee that the coin will gain permanent bullish status.It is still possible for a coin to collapse if there is a negative effect for supply and demand of a coin.
 
A coin or any asset works on the rule of supply and demand at the moment " the price for oil and demand is high and I'm trying to invest more in oil , because I believe everything will fail here now except oil and food stocks which will go up and then things will get better for such companies and the growth will surge as well
 
There is a report button ; but yes I guess some times it is possible that a content might get missed by moderators since reddit is a much popular content platform so that is why you always should allow some time or you can try mass reporting as I said before if action is not being taken and you are sure that you have the right sense in this regard to report a content .
yes definitely reddit is actually a very big social platform , is actually going to be really hard for the moderator to actually cover all the topics ,only few would be that easy and that would be the begining of the platform problem , I believe reddit to be a big platform
 
Perhaps there will be a way in which you will be able to earn either from the content that you create on that social media or even by the interaction that you have with the post of other people in terms of actually liking their content like this forum actually. This could serve as a social media now that i think about it.
Yes, I believe he invested such a large sum of money to increase the amount of profits he could make, Solana is also a promising coin that could bring him more income in the long run, he simply wanted to diversify his investment units, which is why he invested in other projects that appear to be promising, such as the one he is currently involved in.
 
yes definitely reddit is actually a very big social platform , is actually going to be really hard for the moderator to actually cover all the topics ,only few would be that easy and that would be the begining of the platform problem , I believe reddit to be a big platform
I believe that a decentralized social media platform is a good idea because there are many privacy concerns when it comes to using Facebook, Twitter, and other social media platforms, and thus if there is a decentralized one, people will be much more accepting of it because they will not be tracked all of the time.
 
By the time when this deal happened Solana was merely cents and it since rallied above $1 per coin with an ATH of around $1.87 proving this was one of the positive investments that boosted the Solana price.But I wonder if Reddit co-founder's interest is really in the blockchain of Solana or in the expansion of Social platforms
 
am sure they would need to start doing something about it ,but I actually thought there is actually a report button there , probably if there are some content that are not preferable by the people they could easily just report to the moderator and the issue will be solved

I am not sure if they will delete all the subreddit just because one person reported it. usually if a large group of people boycott the Subreddit and report it multiple times, only then will they take some action against the particular subreddit. A single person holds no power.
 
I am not sure if they will delete all the subreddit just because one person reported it. usually if a large group of people boycott the Subreddit and report it multiple times, only then will they take some action against the particular subreddit. A single person holds no power.
one person can't do that alone yes , probably the people who stand against the sub Reddit would start reporting the community , I actually dont know why they would even choose to do that on Reddit ,when there are actually other platforms to do such kind of thing
 
one person can't do that alone yes , probably the people who stand against the sub Reddit would start reporting the community , I actually dont know why they would even choose to do that on Reddit ,when there are actually other platforms to do such kind of thing

I think that the reason why Reddit might be reluctant to delete such kind of subreddits is because certain subreddits generate more traffic as compared to others. This is just my theory and i might be wrong, but I think if Reddit does not take any action against offensive comments, then the user rate will certainly decline and this is what happened to facebook.
 

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