this post was submitted on 17 Oct 2023
105 points (98.2% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

4673 readers
1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 1 year ago
MODERATORS
[email protected]
105
Reddit is killing blockchain-based Community Points (techcrunch.com)
submitted 1 year ago by [email protected] to c/[email protected]
16 comments fedilink hide all child comments
 

Reddit is sunsetting its blockchain-based Community Points product, the company announced on Tuesday. A Reddit admin (employee) shared the announcement about Community Points, which uses the Ethereum blockchain, on a few subreddits, including r/CryptoCurrency (which had its own “moons” crypto token), r/FortniteBR (which had its own “bricks” token), and r/EthTrader (which had its own “donuts” token).

The value of those tokens has, predictably, fallen off of a cliff, as CoinDesk reports drops of between 60 and 90 percent.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 27 points 1 year ago* (last edited 1 year ago)

You guys know they had to retire this, right? It would compete with their new "I'm going to pay for content" model.

Wanna know how that new system will go? Check this thread you're in now.