Coindesk Logo

Developer Proposes P2P Bitcoin Implementation for Reddit

Developer Proposes P2P Bitcoin Implementation for Reddit

Developer Proposes P2P Bitcoin Implementation for Reddit

AccessTimeIconJan 28, 2015, 11:53 AM
Updated Aug 18, 2021, 3:36 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Reddit's cryptocurrency engineer, Ryan X Charles, has caused a stir with his proposal to implement bitcoin on the platform.

Under username 'ryancarnated', the developer revealed how he aims to enable peer-to-peer payments on Reddit, but for the time being he describes the service as a "proof of concept".

The implementation would allow users to register their bitcoin address and receive payment from other users.

“People already use Reddit for a bunch of commerce-related [things]. Making this easier and integrated could be really valuable,” said Charles.

reddit-bitcoin-implementation

The Reddit thread on which the proof of concept was announced has already attracted hundreds of comments, mostly positive, and offering suggestions for extra features such as escrow.

Users who frequent r/bitcoin are no strangers to experimentation. A couple of months ago, the subreddit experienced a ChangeTip tipping frenzy.

Charles says his bitcoin implementation still has some way to go before the community could use it, however.

Image via Reddit

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.