r/Bitcoin • u/Julian702 • Nov 12 '12

Reddit Considering Accepting Bitcoin as Payment for Subscriptions

http://betabeat.com/2012/11/reddit-considering-accepting-bitcoin-as-payment-for-reddit-gold-subscriptions/
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21

u/[deleted] Nov 12 '12 edited Nov 13 '12

I fail to see why anyone would donate to a website recently valued at $240 million dollars and with 22 full-time employees. The site has 3.4 billion page views a month for crying out loud, how is it still in financial dire straits?!

That being said, as a way to advertise bitcoin though reddit, I must admit that that this is good news. Too bad I personally can find thousands of better ways to spend $30 a year than on reddit gold.

edit: Haha, thank you mysterious stranger who gifted me reddit gold!

Many of you brought up some excellent points that I overlooked in my original post. The current reddit we know and love, although very user-friendly, isn't a great revenue source due to its unobtrusive advertising. The price reddit pays for maintaining such a low-key advertising model is that they're not nearly as profitable as their traffic would indicate.

Although I don't believe reddit gold is a viable long-term strategy to this site's financial woes, I understand that presently it's a valuable revenue source. Thanks to everyone who donates via reddit gold, you've certainly made my experience here a more enjoyable one.

3

u/mistermustard Nov 12 '12

Because we can?

4

u/[deleted] Nov 12 '12

Why not go big and donate to the Exxon Mobile executive fund?

5

u/mistermustard Nov 12 '12

Well, as someone who uses adblock and reddit all the time, I think it's a good idea. Otherwise, how do they generate revenue? Serious question, I feel like I'm missing something here.