We will be issuing redditnotes.
Our research leads us to want to wait until the law and technology around cryptocurrency are further along before deciding exactly how. We want to make sure we can give the community the full value of the equity when they receive it in the future, and today we haven’t been able to find a way to do that within existing regulations.
Edit: here's the last official blog post on the subject.
We were not contacted by this guardian reporter didn't contact us for comment. So it goes.
EDIT: A new post, to reflect the fact that the current cryptography plans have been halted.
If you read the corresponding Reddit thread to that blog post (http://www.reddit.com/r/blog/comments/2pt25f/announcing_redd...), there's a lot of skepticism on whether RedditNotes is actually legal (including in this very HN thread), and there is speculation that the laying off of the one person who could actually implement it indicates that the project is dead.
I'm no designer, and I don't mean this in an insulting way (besides the fact that I think the new icons look shitty) at all. Just curious.
I assume that the lead time for creating redditnotes is substantial. Therefore, getting started (even with a lot of uncertainty) is probably worthwhile unless those unknowns are foundational (e.g., does the SEC allow this at all rather than what specific regulation best applies).
BTW, is the "decimating our ads revenue" plan still on, or does this replace it?
Oh come on, that's what a lot, if not most, people have been calling it since it was announced.
Other than that, nothing you write contradicts the Guardian article (in fact, it more or less confirms it), and they're linking to some very public sources.
This is kind of weazily response that only marginally addresses the "wtf is going" question raised by the article, and on top of it tries to discredit the messenger. The latter is really in poor taste.
I have no idea how you became emotionally invested in this, but I am pretty sure not being able to do something legally is a completely valid reason not to move forward with... well, most things.
I've been involved (ahem) with the Bitcoin drama since Jan. 2012.
Hundreds of people are working with it legally. Do they have a magical exemption from the law?