It has nothing to do with bitcoins as the currency is backed by reddit stock, they are not the standard alt-cryptocoin idea.
They will be 100% premined, with all coins given to a pool which then is distributed to people who contribute to reddit. So people won't have to build bitcoin farms or the like(nor would it help them get any redditcoins).
There is absolute nothing prevents somebody who is not into bitcoin from taking part in redditcoins(or whatever they are going to call them), it is just a way to:
* Allocate a fraction of reddit stock to be converted into discrete sub-stock-unit chunks
* Allow the distribution of said reddit stock to reddit contributors
* Allow redditors to transfer said stock
* Do all above without any financial transactions.
They will be 100% premined, with all coins given to a pool which then is distributed to people who contribute to reddit. So people won't have to build bitcoin farms or the like(nor would it help them get any redditcoins).
There is absolute nothing prevents somebody who is not into bitcoin from taking part in redditcoins(or whatever they are going to call them), it is just a way to:
* Allocate a fraction of reddit stock to be converted into discrete sub-stock-unit chunks
* Allow the distribution of said reddit stock to reddit contributors
* Allow redditors to transfer said stock
* Do all above without any financial transactions.