Derek Ross on Nostr: Reddit just rugged all of their /r/Cryptocurrency users, announcing the deprecation ...

Reddit just rugged all of their /r/Cryptocurrency users, announcing the deprecation of Moons.

Moons were a Shitcoin than ran on Ethereum. But, Moons were a way for Reddit to test value for value. Moons were handed out to users that created content and Moons were also tipped to Redditors in a similar fashion to how we use Zaps.

Many users were excited by Kraken announcing support for Moons earlier this year. People were buying Moons, trading Moons, and even selling Moons. And then the whales dumped on the them. Hard.

Most users are very pissed off right now.

I see an opportunity for Nostr.

I see opportunity for Redditors to jump ship and come over to Nostr's Moderated Communities. Communities are supported in several popular clients or even dedicated clients. Communities need a lot more work to be fully enticing, but the groundwork is there.