CaptainParanoia

Hi Andreas, what is you opinion on Reddit Notes?

http://www.redditblog.com/2014/12/announcing-reddit-notes.html

TL;DR: Reddit investors promised to give back 10% of the newest shares to the community. So there will be ~950,000 Reddit Notes. Those Notes will be distributed randomly among active users. Notes can be kept in a wallet, given to others etc.

Reddit admin /u/ryancarnated has plans to implement Reddit Notes either as colored coins or a sidechain of Bitcoin.

The empirical evidence points in the other direction.

The year 2014 saw a lot of Bitcoin adoption, e.g. Overstock and Microsoft just to name the best known. But volatility didn't go away, Bitcoin's price went from $300 to $160 back to $220 during the last seven days.

So I don't think adoption is reducing the volatility.

This doesn't change the fact that Bitcoin-mining became a big business instead of the lottery for end-users that Satoshi described in the Whitepaper.

If there are block-rewards of 25BTC for every block then miners are going to spend up to 25BTC to get this reward. That's quite a lot of money every day and someone has to pay for it.

Even if it wasn't intended so, it also works as a subsidy for miners and is the main reason hashing power has increased so much over the last years.