Reddit

It’s become clear that awards and coins as they exist today need to be re-thought, and the existing system sunsetted.

Has it? 🤔

This is brilliant. Instead of advertisers making sponsored posts that are ignored or trying to sneak an ad into a community, they can outright buy engagement. Utilize subliminal advertising, then advertisers buy their own "tips" (or whatever they end up being called) and they get back a portion of the money spent. There's been an uptick in those types of posts lately and reddit's just leaning into market trends. Not to mention that bots can earn real money by reposting top/all time content!

Reddit is nothing but an another advertising platform now.

As part of this, we made a decision to sunset coins (...) and awards (...)

(...) all awards and existing coins will continue to be available until September 12, 2023.

"sunset".

two months time.

But why?

I never knew how any of that stuff worked and never cared... until I made a dumb comment and someone gave me an award for it. Dammit, I was proud. But I still feel sour about the API changes, to the point where I don't care what they do. Maybe drive more people out to other platforms. I'd like to see some of my Fandom communities migrate to other places.

So they're sunsetting current payment features, right now, just for the hell of it without having an answer to fix it for months yet?

Good God, they've gone Musk.

Oh yeah! News sites come out and say a reward system is found in the app code and a day later, they come out and say they are taking away features without really giving a replacement.

Another fantastic decision among all other fantastic decisions… if your goal is to destroy the brand.

Lemmy chads just can't stop winning

Wonder if this is connected to that leaked contributor/paid karma thing that got leaked a few days ago

"Business as usual" lmao what is this then

I saw the writing on the wall when they dropped the occasional free awards.

But nothing would have gotten me to purchase premium so shrug

I forgot that giving awards gave the recipient premium. I'm gonna have to use my old coin stockpile then... Hopefully on accounts that don't have premium but are active, to hit reddit in the wallet. 🤔

Its fine more users on lemmy then

"thanks for gold, kind stranger" is no more

I think the protest over this idiocy will eclipse the blackout.

In the coming months, we’ll be sharing more about a new direction for awarding that allows redditors to empower one another and create more meaningful ways to reward high-quality contributions on Reddit.

Guess the datamined stuff about cashing out on karma and awards from others is true then. Makes me honestly glad I jumped off of that shit show. There's just no way that isn't going to backfire hard, if we can even call it that, because I guess it will just be by design.

I still visit a few subs that haven’t really built a solid community here yet, so I’m still on Reddit a good bit.

You can already see a change in the user base and they way people talk in the comments. Reddit has changed a lot over the years but man, it really seems like most of the interesting conversation has left the site; outside of very niche communities.

Just my 2¢

If anyone has any coins they want to dump, r/GoForGold has reopened for challenges.

If you want to get rid of them quickly, a challenge could be like "first 5 commenters get a platinum", you could award a community award. GoForGold have a 5,000 coin "Golden Bracelet Award" which gives 1,000 coins to mods to give out on behalf of the sub. (10,000 also gives them 1,000 so 5,000 is better value. same for the 40,000 coin award, only giving 4,000 to community). The GoForGold mods have a summer bonanza lined up and i think they'll find a way to make use of all community awarded coins.

If you want to get rid of them efficiently, the timeless beauty award gives the awardee 100 coins to spend and the community.

Giving a gold medal gives the recipient a week of ad-free browsing and giving a platinum gives a month of ad-free browsing.

On the new scheme, A while ago i had Reddit app installed and noted there was an option for a "vault" in the menu bar where you could share stuff with other people, it needed a sign up for something else and i didn't look further into it, but think it could be related.

Since all the 3rd party stuff kicked off, Reddit feels different. Also i noted they kicked up a stink saying that DNDMemes and NCD were both SFW when people joined and its unfair that mods changed it to NSFW. When i signed up i could award people coins and without a replacement scheme out for us to judge it feels a bit hypocritical.

peeks at comments

Mildly disappointed that no one mentioned leaving reddit for lemmy, but also mildly impressed at the level of commitment of these redditors.

I wonder what this means for r/cryptocurrency and their precious MOONS