Reddit Migration

"Site I only still care about to laugh at thinks I am going to give it my tax information." I'll have to think real hard about that one.

Investors should themselves have a good think about how the CEO that self-reported making zero profit in over a decade as one of the most popular social media sites can afford to be handing out money now.

Copying my comment from the other threads:

reddit started trialing a "Community Points" program in 2019 in /r/ethtrader, /r/cryptocurrency and /r/fortnite , where posters and commenters could earn "Community Points" that were supposedly backed up with crypto that you could eventually cash out. They announced an expansion of the program in December 2021 but, afaik, they never actually did so. Which might have something to do with the fact that one of the /r/cryptocurrency mods made $10,000 by selling community points. I don't know if the program has actively continued since then; maybe someone who was in the three trial communities can say.

My point is that reddit has been working on something similar to this program for at least five years now. And this article isn't based on any announcement by reddit, but by someone examining their source code. It's possible that this code has been present for a while and reddit has leaked it's existence to try to attract back some of their lost contributors. Or even that it hasn't been present but they included the old code in the newest app release and then pointed it out for the same reason.

In any case, this article isn't based on any official announcement, and reddit has been "trialing" a similar program for over four years. I wouldn't hold out any hope that this actually sees daylight anytime soon, or that it'll work well if it's actually released.

Twitter literally just started paying people who tweet, so spez really is just copying Elon.

Why do I suspect that, even if one were to spend 8 hours a day on Reddit, making comments that all were gilded, you'd still earn less than minimum wage?

They'll make everyone work like slaves and when payment time comes, they could easily change the rules to avoid paying out too much. They'll change rules and blame the content creators for it.

Literally couldn't pay me to go back

Shows how desperate they've become for content creators after the fiasco that was the third party app protest. Like, they're not profitable yet, and they want to give money away? C'mon already.

The real story is they're getting rid of coins and awards. It's confirmed by a reddit admin, whereas the cash for karma thing is speculation.

https://www.theverge.com/2023/7/13/23794403/reddit-gold-awards-coins-sunset

So killing a feature before any replacement is ready; cool. I'm sure those who pay for premium and will stop receiving a stock of coins will see a commensurate price reduction. Right?

They are getting desperate after the many bad decisions that Spez made.

So reddit will pay memelords but not mods?

It's a war for content. If you have ever written a comment of more than five coherent lines then you have been working for free all this time.

We are the value, we fill the websites, we create the distraction between two ads and we teach the AI.