Sorry - it's really all of the above. To be more clear, I will break this into some sub-questions that are hopefully less obsequious.

The "reddit is giving 10% of its shares to its users" thing was very positively received. My understanding was that redditcoin was part of that effort. Is the 10% thing still going to happen in some way? If not, why not?

Regardless of the answer to the question above, hearing that redditcoin is being cancelled would likely lead members to conclude the new leadership doesn't want the community shares system that was so touted previously. Is that the case, if you know?

And then the final, more meta question is: Why would Reddit's staff, of all people, think they could do something involving Reddit quietly?