Reddit’s /r/Bitcoin community, dedicated to the “currency of the Internet,” officially reached one million subscribers as of December 2, according to a subreddit post and a tweet from moderator BashCo.
— BashCo (@BashCo_) December 3, 2018
Adamant Capital founder Tuur Demeester took to Twitter to congratulate users on the achievement, and wrote how he remembered when the community was just made up of a couple thousand subscribers.
— Tuur Demeester (@TuurDemeester) December 3, 2018
A Popular Hub For Discussion And Debate
The subreddit has long been a well-known hub for people to talk about bitcoin and share information about the cryptocurrency. Most of the top all-time posts concern both eclipsing and falling back from major price thresholds. At press time, the top post is a celebration of when the cryptocurrency surpassed $10,000 last year.
Other all-time popular posts have to do with people who sold or refused bitcoin when it was a far cry from today’s prices. One popular post, with more than 22,000 upvotes, is a screenshot of a tweet from May 2011 where a user laments about how he wished he did not sell his 1,700 bitcoin for $0.30 each since they were selling for $8.00.
Another details a story written about musician Lily Allen who turned down 200k in bitcoin as payment for a gig in 2009. Posts on the subreddit touching on serious topics have also attracted a lot of attention, specifically ones touching on bitcoin scams and general investing advice.
One post, with nearly 14,000 upvotes, is a plea by one user to not “invest recklessly” and to keep away from “being blinded by dreams of getting rich quickly” with a speculative investment like bitcoin.
Reddit’s Thriving Cryptocurrency Community
Reddit’s massive popularity has facilitated the rise of many cryptocurrency-related subreddits with focused communities across different areas. Aside from /r/Bitcoin, subreddits dedicated to Ethereum, Monero, Ripple, and Dogecoin are all active communities.
The /r/btc subreddit, with about 231,00 subscribers, gained popularity among those who felt moderators on /r/bitcoin “were heavily censoring discussions that were not inline with their own opinions.”