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Reddit No Longer Accepts Bitcoin (fortune.com)

Reddit, one of the most active hubs of Bitcoin enthusiasts, has dropped its support for the cryptocurrency. From a report: The widely read social media site will no longer accept Bitcoin as payment for its Reddit Gold program. A person claiming to be an administrator on the site told users who were grumbling about the shift that the decision was made, in part, due to Coinbase discontinuing its Merchant Tool product. "The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option," said user "emoney04."

61 comments

  1. Bitcoin no longer accepts reddit. by Anonymous Coward · · Score: 0

    With one of the killer apps for bitcoin (darknetmarkets) banned on reddit now, there is little point using reddit for cryptocurencies. Back in the day I used the rising price of bitcoin to get free months of reddit gold, but it looks like reddit dosen't like money anymore. Reddit needs to be like Voat and stop being pussies when it comes to controversial content.

    1. Re:Bitcoin no longer accepts reddit. by Anonymous Coward · · Score: 0

      You're holding back; don't do that! Tell us how you really feel!

    2. Re:Bitcoin no longer accepts reddit. by Anonymous Coward · · Score: 0

      lol u ghey

    3. Re:Bitcoin no longer accepts reddit. by desdinova+216 · · Score: 1

      are you sure it has nothing to do with with the volatility of cryptocrrencies.

  2. Reddit is coded by monkeys by Error629 · · Score: 1

    change my view

    --
    _________
    The world doesn't just disappear when you close your eyes, does it?
    1. Re:Reddit is coded by monkeys by Anonymous Coward · · Score: 0

      Not in the least. They get their start here on Slashdot.

    2. Re:Reddit is coded by monkeys by peterflax · · Score: 1

      bitcoin might devalue if this happens because reddit has a lot of users and this how speculation works :3 trust me i am an economist :3

    3. Re:Reddit is coded by monkeys by mukinrestak · · Score: 1

      If you were correct it would be higher quality.

  3. Cryptoscams everywhere! by Anonymous Coward · · Score: 1

    If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
    Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?

    If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
    Because the price of Bitcoin proved to be extremely unstable to use as a currency?
    Would the result be different, if Bitcoin replaced by any other "cryptocurrency"?
    Aren't all work the same way?

    Or, they are not actually virtual currency but virtual investment?
    But, if they are actually investment, why we need/want them?
    What would happen to world economy, if people invested in virtual investments, instead of real investments?

    Or, all so-called cryptocurrencies are actually just a modified (made decentralized and paying variable interest) Ponzi Schemes?
    (Price of cryptocurrencies would keep increasing in the long term (by their design), so it is equivalent of paying variable interest to all long term investors.)

    As more and more people invest in cryptocurrencies, it will become harder and harder to ban their trading everywhere!
    All cryptocurrencies need to be banned globally before it is too late!

    1. Re:Cryptoscams everywhere! by Oswald+McWeany · · Score: 0

      If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?

      Are the two things mutually exclusive? Can criminals not be attracted to good innovation too? Is that why criminals always ask to leave the bank robbery with a getaway horse-and-carriage because a car is too innovative and criminals don't like innovation?

      Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?

      There very well might be crypto currencies that are scams. Bitcoin was an idea, not a scam. It all went a bit uncontrollably inflationary for a while, but that was driven by people wanting to get in on the action. Unwise investment but not a scam.

      --
      "That's the way to do it" - Punch
    2. Re:Cryptoscams everywhere! by CSMoran · · Score: 1

      If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity? Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?

      Are you saying drugs, prostitution, weapons and human trafficking are scams too? Because they surely attract criminal activity too.

      --
      Every end has half a stick.
  4. Original headline by Anonymous Coward · · Score: 0

    Reddit no longer accepts Bitcoin was originally submitted as

    Reddit no longer accepts Bitcoin from people going by the name Kim Jong Un, Or Slim Shady, Or Kim Don't Anything

    FYI; Not really Interested in your so-called mod points

    Fall upon your sword.

    1. Re:Original headline by Anonymous Coward · · Score: 0

      ..., Or Kim Don't Anything

      What about Kim Possible??? :D

  5. End by tsa · · Score: 0, Troll

    Near is The end of the Bitcoin.

    --

    -- Cheers!

    1. Re:End by Anonymous Coward · · Score: 0

      Care to bet some Bitcoin on that?

    2. Re:End by Anonymous Coward · · Score: 0

      Yoda moonlights at TSA?

    3. Re:End by FlamingGuts · · Score: 1

      So you're shorting it then, right? No? Shocking.

    4. Re:End by Anonymous Coward · · Score: 0

      Short something that moves 30% in 2-3 weeks. Yeah thats a sound investment. I like your ideas can I subscribe to your newsletter?

  6. Cryptocurrencies... by ELCouz · · Score: 4, Insightful

    Let them all die so we can have top of the line GPUs that are less than 1000 bucks and IN STOCK!

    1. Re:Cryptocurrencies... by DontBeAMoran · · Score: 1

      I can sell you my GTX650 for only $995.

      --
      #DeleteFacebook
    2. Re:Cryptocurrencies... by ELCouz · · Score: 1

      A man's gotta dream.....unfortunately this card is reserved for fake gamers. Please hand over your geek card on your way out of shame town.

    3. Re:Cryptocurrencies... by Anonymous Coward · · Score: 0

      commie detected

    4. Re:Cryptocurrencies... by ELCouz · · Score: 1

      If you where following the current market price for video cards and how much price inflation they are at now...you will be a pissed off commie too.

    5. Re:Cryptocurrencies... by Thelasko · · Score: 1

      And stop turning electricity into money.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
  7. Re:What a coincidence. by Kaenneth · · Score: 2, Funny

    I only visit /. to laugh at the neo-Luddites.

  8. Dead Weight by sdinfoserv · · Score: 4, Insightful

    BitCoin down (c) $650 today alone to $7200. I would imaging all those people who jumped on when it was $20K got a lesson on stock market trading.
    Too bad for all the millennials who threw what little they had in retirement at this debacle. really, I feel bad for them. remember kids, real estate. Real land, real assets.

    1. Re:Dead Weight by FlamingGuts · · Score: 1

      I know, it's only up 700% from last year. So sad. RIP.

    2. Re:Dead Weight by dohzer · · Score: 1

      I've done extensive research that shows that no one has ever lost money with cryptocurrencies.
      All my friends and colleagues that have invested tell me that they've made money. I've never met anyone who has lost. Amazing!
      None of them ever tell me they lose when gambling either!

    3. Re:Dead Weight by Anonymous Coward · · Score: 0

      real estate. Real land, real assets.

      You can't invest in a house you can't afford because your parents invested in real estate. If you aren't investing in something that results in material growth, e.g. building a new house instead of relying on the greater fool principle/desperate millenial principle, you're just another speculator that is part of the problem.

    4. Re:Dead Weight by ayesnymous · · Score: 1

      Reddit is getting out of Bitcoin after it has dropped about 60+%. Probably close to a bottom in Bitcoin then. They should still accept it so that they're "buying low".

    5. Re:Dead Weight by sdinfoserv · · Score: 1

      Actually, April of 2017 Btc was 3300. Given it's currently 6900, that's a bit more than double - nowhere near your claimed 700%.

    6. Re:Dead Weight by Anonymous Coward · · Score: 0

      Umm, cryptocurrencies are like baseball cards or comic books. They are certainly not like stocks, nor are they like commodities. As no sovereign entity accepts them as payment for taxes nor adjudicates civil court debts in cryptocurrencies, they aren't even really currencies. They are effectively worthless numbers that have value because some people believe they have value. Just like a stupid comic book or baseball card.

    7. Re:Dead Weight by arichnad · · Score: 1

      Actually, April of 2017 Btc was 3300.

      I think you've confused April with August. They do both start with "A". 500-600% is the change from April 2017.

  9. Peter Thiel, first outside investor in Facebook... by greenwow · · Score: 1

    and board member and also a major investor in reddit doesn't like anonymity, so I would guess this is coming from him. He is also linked to Cambridge Analytica that provided data to Trump that he used to place one TV ad during the primary. That means he has destroyed our elections.

  10. Actually, Criminal Use indicates Legitimacy by gerald.edward.butler · · Score: 0

    Criminals (the kind with money to store/transfer) aren't stupid. They wouldn't be using BitCoin if it wasn't useful to transfer and store value. What do you think the "Art Trade" is? It's a way to store/transfer large sums of value "off-the-books". Think about it? Do you REALLY believe some piece of shit painting with some paint splashed on a canvas is really worth millions of dollars? No, not it isn't. It has that "Value" do to being unique and difficult, if not impossible to counterfeit. It's value comes from that. Not the "pleasure" of the artwork. The pleasure of the artwork is worth about $2.00.

    1. Re: Actually, Criminal Use indicates Legitimacy by Anonymous Coward · · Score: 0

      Art is a scam: https://m.youtube.com/watch?v=NSdbASDdwU4

  11. seek help by Anonymous Coward · · Score: 0

    You see Jews everywhere, plotting against you? Seriously, you need to seek psychiatric help. You could be suffering from schizophrenia.

  12. Re:Peter Thiel, first outside investor in Facebook by Daneel+Olivaw+R.+ · · Score: 1

    that's an interesting theory considering Peter Thiel is bullish on bitcoin: https://www.bloomberg.com/news...

  13. Re:Peter Thiel, first outside investor in Facebook by Anonymous Coward · · Score: 0

    It's just amazing to me how much time the media is dedicating to CA when there was, as you noted, only one TV ad placed using that data, and that wasn't even during the general election.

  14. Re:Peter Thiel, first outside investor in Facebook by Anonymous Coward · · Score: 0

    Apparently he's making more money on privacy violations by reddit and Facebook than on Bitcoin.

  15. Re: Peter Thiel, first outside investor in Faceboo by Anonymous Coward · · Score: 0

    His time will come. When it does he will probably stick his chest out like Ernst Rohm did before they shot him dead.

  16. Nah by Anonymous Coward · · Score: 0

    Near is The end of the Bitcoin.

    Bitcoin lives on as Bitcoin Cash. Old: BTC. New: BCH.

  17. Impersonating me YET again? Please (lol)... apk by Anonymous Coward · · Score: 0

    The fact you constantly impersonate me tells me I got to you so badly (due to your mistakes) it's eating you up & FUNNIEST PART? You do it to yourself - It's hilarious!

    * You're an obsessed loon...

    (See subject - 2nd time today you've done this https://news.slashdot.org/comments.pl?sid=11922689&cid=56348887/ & 100's of times I've bookmarked from the past too...)

    APK

    P.S.=> You make me laugh - sickos like you do you know... apk

  18. will the real APK please stand up? by Anonymous Coward · · Score: 0

    OK, here's the question. which one is the real APK?

    1. Re:will the real APK please stand up? by Anonymous Coward · · Score: 0

      That is a hard one. They both seem like they could be valid. One has inane borderline undecipherable babbling with added conspiracy theory, while the other has that air of paranoid autistic obsessed stalking. So I would have to say both are the real APK.

  19. Re: Reddit became a lot more jewish lately by Anonymous Coward · · Score: 0

    Fuck the Jews.

  20. Re:Buttcoin less valuable than APKoin by Anonymous Coward · · Score: 0

    I had thought APK was just another ne'er-do-well, but I couldn't agree more with today's post. Finally he has redeemed himself.

  21. I hope more follow the lead... by Anonymous Coward · · Score: 1

    I'm boycotting all the cryptocurrencies. There is *nothing* good about them. Who has a vested interest in these things?

    a) Miners, who turn electricity and heat into "money", with no productive work output to show for it
    b) Speculators, who exchange these for real currencies, without investing in any useful productive efforst
    c) Criminal interests, who want to be able to move money without government interference

    Conversely, who do these things hurt?

    a) The environment, from massive amounts of waste energy consumed and heat produced
    b) Consumers & municipalities who struggle to cope with artificial demand for electricity
    c) Consumers who want to buy GPUs, which are now badly overpriced
    d) Scientists and researchers, due to GPU scarcity (GPUs can be used in many many more useful pursuits than coin mining)
    e) Victims of crimes enabled by non-traceable currency exchange (hacking - holding your data hostage, human trafficking, kidnapping, etc.)
    f) Ultimately the environment again, when all those extra GPUs wind up in landfills

    I know there are a lot of miners on places like slashdot. If you're mining, or even trading in cryptocurrency, then you're a selfish asshole, and you need to stop or be stopped.

    Anyone who bitches about the environment, or pretends to ascribe to social justice values, and yet still engages in commerce with crypto currencies, is nothing more than a f'n hypocrite.

    Governments can't delegitimize these things fast enough for my taste.

  22. Call me "ne'er-do-well" when you do better by Anonymous Coward · · Score: 0

    Your software is just fine - well written, functional... I'm going to continue using the Host File Engineby mmell February 17, 2017

    (APK's work), I've flat out said it's good by BronsCon February 11 2016

    his hosts program is actually pretty good by xenotransplant August 10 2015

    his hosts tool is actually useful for those cases in which one does indeed want to locally block stuff outright while consuming minimum system resources by alexgieg September 25 2015

    I like your host file system by Karmashock September 09 2015

    I do use APK's host file on all my systems at home by OrangeTide December 01 2017

    I personally use a HOSTS file blocker produced from a genius called APK by 110010001000 October 27 2017

    (NEED MORE? Ask!)

    * It's recommended/hosted by Malwarebytes' hpHosts!

    APK

    P.S.=> China imitated me http://www.theregister.co.uk/2017/04/26/boffins_supercharge_the_hosts_file_to_save_users_plagued_by_dns_outages/ ... apk

    1. Re:Call me "ne'er-do-well" when you do better by Anonymous Coward · · Score: 0
      What APK quoted:

      Your software is just fine - well written, functional... I'm going to continue using the Host File Engineby mmell February 17, 2017

      So now let us see what was actually said that APK left off from the start middle and end of that post by mmell that he doesn't want us to see:

      I'm fairly certain that I've been downmodded for giving your software a fair shot (and, in fact, posting an overall favorable impression of it), rather than the content of that informal review.

      Your software is just fine - well written, functional. Your claims that it's practically the cure for all the internet's woes are over-the-top and make you seem rather like the current POTUS. Your bellicose and acerbic posts, combined with your repeatedly posting straight binspam have given you a reputation here which even a calm, reasonable analysis cannot overcome. Your own reaction to this thread are a prime example.

      I've long known that host files can solve certain problems - and nowadays, those problems are becoming more and more common. Your Host File Engine does make the task of managing a local host file on one Windows desktop easier - but that's all it does and your attitude and your bellicose, fanatical posts make it impossible to determine or even say that here. You've successfully increased the signal/noise ratio beyond the tolerance of nearly everyone here.

      I'm going to continue using the Host File Engine. Have fun languishing in your self-imposed obscurity. Nearly all Slashdot users know who you are and won't even give a second thought to anything you write, suggest or say. I have, and now I'm paying the price for it. Downmod away, mods! I've said what is required and been heard by the intended recipient of my message.

      So you wrote something that can manage to correctly format a hosts file, hardly an impressive work, but then you have a toxic personality and over state your capabilities. So you provide an out of context quote to hide what was really said. Also doesn't BronsCon's current signature state that you have taken him out of context as well? I have a feeling that if I bothered to track down all of those quotes I would likely find the same as others have done similar investigations previously and in all cases have shown that you remove context that changes the meaning of posts to make it look like people support you when they actually don't. Maybe you should spam your huckster software on Slashdot more and then maybe people will believe you aren't an imbecile.

  23. Call me "ne'er-do-well" it gets me hard by Anonymous Coward · · Score: 0

    We got you again you fucking tool.

    ZIP

  24. APK is a pathological liar by Anonymous Coward · · Score: 0

    It's very easy to catch APK in a lie. But most people don't bother calling him out for his frequent lies because he get obsessed with intimidating his so-called "enemies". That you didn't sign your post or post under your username will be an excuse for APK to dismiss everything you said from being from an Anonymous Coward that can't post under his real name. He dismisses factual posts when he is unable to attack and intimidate people directly. Most of us see it in his posts, but I don't think he realizes how transparent he really is in this.

  25. Each person quoted said what I quote by Anonymous Coward · · Score: 0

    See subject: It's more than you can do & you can't STAND it (lol, & it's YOUR FAULT, not mine). You manage that & then talk bigshot.

    You can't manage it, can you? Nope. You're a blowhard bigtalking bullshitter.

    * What I quoted from mmell & others was said by them - no changing THAT (too bad for you). That IS what matters (& he likes + uses MY work, not your non-existent vaporware)).

    APK

    P.S.=> You not doing a DAMN thing of worth is what is ridiculous as you HIDE from me behind UNIDENTIFIABLE anonymous punk posts, lol!... apk

  26. What lies? What I quoted others did say by Anonymous Coward · · Score: 0

    See subject & FACT: Many here like & use my software quoted saying so - what 'lie' is that? You're the liar scumbag punk behind your UNIDENTIFIABLE "ne'er-do-well" no REAL SKILLS in computing pussy posts...

    APK

    P.S.=> No small wonder douchebags like you give people like myself that actually DO good things a hard time - it's all WEAK SCUM like you CAN manage, lol (you're no good for nothing else & not even good @ that, you waste of LIFE)... apk

  27. Reddit No Longer Accepting Bitcoin Payments by Anonymous Coward · · Score: 0

    I read the explanation here https://goo.gl/XaXGwQ

  28. Wrong: Only thing you "got" is zero, lol! by Anonymous Coward · · Score: 0

    Wrong: Only thing you "got" is zero vs. me asking a worthless shitbag like you did better than I https://slashdot.org/comments.pl?sid=11922751&cid=56351675/ & as far as "making yourself hard" you worthless waste of LIFE freak? Don't bother - I don't you have any "lead in your pencil" NOR would it create a better man - it would propogate MORE of "YOUR KIND" in weasel like slime in the world... lol!

    APK

    P.S.=> You're the fucking little PUNY tool (2") & I'd snap you in 1/2 w/ EASE I'm sure of it IF I could just get a little TWAT like you in front of me to do it... apk