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digdug  ·  3951 days ago  ·  link  ·    ·  parent  ·  post: Mt. Gox and Bitcoin users: remember, remember the 3rd of October (2008)

    But can content submitters cash out their karma for real money?

Yup. Well, bitcoin that is (the exchange they work with can also convert it to dollars if you want, but I think there's a fee). That's the whole idea. Why post stuff and then get nothing for it? For example, many, many years ago, I used to spend something like $90/year just for the WSJ alone. I cancelled it because it was so much propaganda crap. I would much rather reward someone for great content they write individually. $90/year is 9,000 upvotes - that's quite a bit of upvotes I'd be willing to give. So I hope the idea works, as I'd love to earn some money from my writing :)

I'm glad you liked the article.