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This Reddit coins on a blockchain has been happening for a while. The cryptocurrency subreddit had "Moons" for years now.
I sold 110k Moons as soon as they came out, nobody tell me how much they're worth now
$0.42 USD as of right now.
Wasn't there some kind of scandal a couple years ago where a mod of that sub monetized those "Moons" for something like 10k in cash?
EDITED TO ADD that I found some additional posts about it; looks like people have been discussing the misuse of moons, as well as how moons could be further pushed post IPO as an actual security, for at least a year (the third post listed is 8 days old):
https://old.reddit.com/r/help/comments/p6g7sq/reddit_has_a_rule_against_moderators_making_money/
https://old.reddit.com/r/CryptoCurrency/comments/11q9e2z/an_indepth_look_analyzing_whether_moons_have_any/
https://old.reddit.com/r/CryptoCurrencyMeta/comments/15edvi1/rcryptocurrency_cant_handle_criticism_the_moon/
You fool, that'd be worth a billion Stanley nickels these days.