**Summary:**
In this video, Task discusses the introduction of Ethereum's ERC20 tokens by Reddit. He explains how these tokens will be utilized in two different subreddits - one related to cryptocurrency, and the other focused on Fortnite. Task expresses his opinion on the potential impact of this move by Reddit, particularly in terms of introducing new users to the world of cryptocurrency. He compares Reddit's approach to platforms like Hive, emphasizing the differences in functionality and purpose. Task also touches upon the potential benefits and challenges of integrating cryptocurrency into mainstream social media platforms like Reddit. Overall, he views this development positively, as it has the potential to significantly expand the adoption of cryptocurrency among Reddit users.

**Detailed Article:**
Taskmaster4450 discusses a significant move by Reddit to incorporate Ethereum's ERC20 tokens into its platform, focusing on two key subreddits - one dedicated to cryptocurrency and the other to Fortnite. He highlights that while the introduction of these tokens is anticipated to bring new users (particularly from the Fortnite community) into the world of cryptocurrency, the current users of the cryptocurrency subreddit are likely already involved in this space. Task emphasizes the role of Fortnite in potentially introducing a large number of users to cryptocurrency through the integration of Ethereum-based tokens in its ecosystem.

Furthermore, Task delves into the comparison between Reddit's approach and platforms like Hive. He points out that while Reddit is primarily a link-sharing platform, Hive offers a more diverse range of functionalities, potentially positioning it as a more expansive ecosystem. Task notes the centralized nature of Reddit's reward system compared to the decentralized nature of Ethereum tokens, acknowledging that familiarity with Reddit may limit users' exposure to broader cryptocurrency concepts beyond the platform.

Task speculates on the positive impact of introducing cryptocurrency rewards on Reddit's massive user base, potentially leading to increased cryptocurrency interactions and exposure among millions of users. He underlines the importance of such a gradual exposure process, where users can transition from familiar Reddit activities to engaging with cryptocurrency-related elements. Task envisions this as a crucial step in familiarizing users with concepts like wallets, fund transfers, and conversions, ultimately contributing to the broader adoption of cryptocurrencies.

Moreover, Task anticipates potential challenges such as the lack of clarity on factors like the number of tokens, inflation rates, and overall strategic direction. Despite these uncertainties, he recognizes Reddit's vast user base as a significant market for cryptocurrency expansion. Task concludes with optimism about the overall positive impact of Reddit's integration of ERC20 tokens and their role in introducing cryptocurrency to a wider audience.

Reddit is an interesting place if they implement crypto in anything that would be huge as mainstream social media are more likely to bring mass adoption while telegram much awaited project is no longer gonna exist this can be the next big thing

It will be good for Crypto users as a whole, might be a good point to promote Hive there.

Hi, I also wrote a [post](https://peakd.com/hive-175254/@culgin/this-new-feature-on-reddit-is-challenging-the-relevance-of-hive) on this event. I believe it is both a threat and opportunity for Hive. Hive will have to learn to seize this opportunity though if this Reddit's move brings more cryptocurrency adoption. 

In terms of maturity, I think the features on Hive is certainly much strong than what Reddit is currently implementing. However, given Reddit's user base and financial power. I won't be surprised that this feature evolves very quickly into something more advance.

Great! for adoption.

I think it's a positive for the industry too. Reddit is nothing like what HIVE has actually evolved into. Reddit will remain heavily moderated and closed, while the whole layer zero aspect of HIVE will see it continue to open up. 

Reddit is so heavily moderated and I laugh with friends who work in digital marketing that have been banned there on so many different accounts for simply trying to share links that for some reason *weren't allowed*.

My questions are why is Reddit allowed to do this, but Telegram/Facebook wasn't?  Is it just because they're integrating an already established coin in ETH, and not creating their own?
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This would seem to me to expand overall crypto adoption as there are many many people on Reddit. I do not know though.

good imho

I think the SMT protocol should be rolled out as soon as possible. It's superior tech compared to Ethereum for this purpose. To get really large crowds using SMTs could really ramp up the usage of RCs, which would push up the price of HIVE organically.

They released inflation and supply in the cryptocurrency subreddit. It's in the main announcement. 

I would say it's good for the crypto ecosystem but probably bad for other tipping platforms mainly for coins like BAT which is mainly used for tipping currently. But come to think of it, they would have enabled the use of their vault (or atleast given users the option to enable) for about 330 million users. That is HUGE wrt adoption!

Let's see if they aren't forced to quit by the dictator leaders of the USA, just like it happened to Telegram. 🤪