Yes, but now it's less accessible, costs more, and is less transparent so companies can astroturf easier.
But it's better because they're totally 100% looking at ways to share the revenue with the communities as soon as possible. Definitely one of the top priorities without a doubt.
I just hate this corporate talk. I know they are lying, they know they are lying, so why not be honest for a change? That would be the very first step for me to even consider using reddit again.
I thought that too. And then nothing happened when Reddit killed third party apps. The Reddit userbase will continue to bend and spread. As long as Spez spits on it first, theyโll continue to take it.
I could see cryptobros and the "investing" subs spending a lot on this. They were already buying tons of awards to hype themselves up.
Any unironic circlejerk cult will by buying these and pinning them on each other's chest, same as the dumbass awards.
I think reddit knows their target audience pretty well; Rubes. That's why they let all the toxic "stock", crypto-scam and political extremist subs stay open until the media starts writing stories about them. Gullible idiots spend a lot of money trying to make their opinions look smart and popular.
This will make Reddit a lot of money in the short-term, but probably push more legitimate/casual users away as these "premium upvotes" will surely effect the algorithm and push more nonsense into people's feeds.
Now that i think about it, this will probably help advertisers and political groups astroturf all of reddit.
I just glazed over it but I'm pretty sure they took gold away and reintroduced it like this solely to get more people off the old desktop design and onto the mobile app
But like why would anyone do that? To see someone else giving someone else imaginary internet points they bought for real money? How doest that justify having to deal with a terrible UI, poor performance and videos not fucking loading properly like it is 2007?
1: based upon your karma earned per week, you get a share of all gold given to your account. They shared only that 100-4999 karma per week gives $.90 per gold and 5000-? gives $1.00 per gold.
This will literally destroy every single community with a deluge of spam. They implied that they had a new spam system but itโs Reddit, so it will be ineffective at best. What, have they been purposefully allowing spam for years to train identification just for this moment?
Research any product on Google and click on the reddit link. Nine times out of ten, the top comment will be added months, if not years, after the original post. It will contain a link to blogspam and somehow have 50+ points.
It's clear that it's just bot accounts. They buy votes and post it so late after the fact because it makes it less likely to be noticed by the mods.
Can you cash out the gold for real money? I doubt it, so it will not be the "poor guy trying to earn some cents" type of spam, it will be the classic redditors trying to farm awards circlejerk which has plagued reddit for a long time
And people will pay it. If there's anything I've learned over the past year, no matter how bad things get, some dumbass will pay. 99% of the population could be under water or on fire and that leftover 1% would still have guys trying to buy in game cosmetics and tipping Twitch streamers.
Unlike reddit gold, tipping streamers actually makes sense, though. It's like throwing a couple bucks in the guitar case of a brusker...the person is entertaining you so you give them a few bucks as thanks. I don't do watch streams but I get it.
This is how I view it too. I rarely spend money on twitch, but a sub or dono to someone who Iโve literally watched for hundreds of hours for essentially free doesnโt really seem like a problem to me.
After taking everything away from what we "earned" for the past years. They're taking more than half of the money of what people pay before giving the rest to the actual receiver and Reddit being Reddit is probably just stop payments at some point and just pocket money. Of course, after a lot of spam and repost bots made some bucks and the climate on Reddit gets worse as bots get more aggressive to beat the other bots.
It is undoubtedly a group of synapses with one about to get a big juicy golden dopamine hit. I feel like that was a spez request to marketing and design departments as a subtle way to laugh at how obviously overboard they can go and people will stay addicted.
I'm curious how the r/conspiracy sub is reacting, or not reacting.