So they’re getting rid of coins and awards, but don’t have any kind of replacement actually planned yet?
They should have held off until they knew what the replacement would be. As it is, they’re yanking something that made Reddit unique for…what, exactly?
Quora is an impeccable font of online knowledge and we should be grateful for bwahaha no I can't even...
Basically the amount of karma farming that already happens on Reddit is going to quadruple. And yeah it's going to be a) on the more 'serious' questions like Quora and b) on the more AITA or Confessions posts 'oh you guys have helped me so much, of you can upvote me and give me some awards it'll really help get my life on track'
Part of me couldn't believe they'd actually introduce this but in light of everything this year, whatever. Because what else could benefit Reddit ....oh yeah - grifters!
If they want to add fuel to the fire that's burning down the house fine. I'm over at Kbin. I'm staying.
My only regret is there's some really great health support communities there and I hope they can be allowed to live in peace because I don't think they'll feasibly migrate.
I'm only on reddit for a few select, very specific communities. If I ever find a replacement it's over. Help with Immigration laws, teach practices, language learning ECT. I'm thinking maybe I'd like to start the teachers group over here.
It's certainly worth paying to hear American views over the rest of the worlds I would say. Reddit is on to a winner with that one for sure. American Reddit users like u/spez are so wise while we are so stupid.
They're willing to pay idiots to ramble on but they aren't willing to pay international lawyers to straighten out all the paperwork so they can do this outside the US.
A company headquartered in the US but it's a website that has a presence in many countries, including the EU.
Maybe not surprising, but they are probably shortchanging themselves by not allowing folks from abroad to contribute into the program. USians aren't the only content creators.
Last I checked, there were at least 3 subreddits where cryptocurrency is being handed out regularly to active participants.
They're called "Community Points", and get a custom name for each sub ("moons" in /r/cryptocurrency, "donuts" in /r/ethtrader, and "bricks" in /r/fortniteBR.)
I don't know how the other subs fared, but /r/cryptocurrency became noticeably gamed by actors attempting to maximize their financial gains.
Reddit really is done. This will drive spam and discourage people posting original content as they will see it stolen and reposted by the karma farming parts of reddit. They already flood communities with crap; reddit seems to just be taking another giant crap on the moderators who will have to deal with the tide of people trying to manipulate the new system for financial gain.
The best content on Reddit is not by "top contributors" whoever they may be. It's the random helpful posts that you stumble across or find on Internet seaches, or the thought provoking posts and comments that push back against the hive mind. Generally I find most (not all but most) of the up voted and awarded content to be trash or low value. Moving to financially incentivise that show Reddit really don't understand their own site.
I actually improved my reddit experience back in the day by blocking the top creators and checking that top list every few months to make sure it was current. Instantly better!
Applying gold and awards will hold posts on the frontpage even if they're downvoted to oblivion. They're likely getting rid of them as a way of manipulating the narrative.