IAmA mods no longer willing to work for reddit for free
redd.it
Will this undermine most of what makes IAmA special? Probably. But Reddit leadership has all the funds they need to hire people to perform those extra tasks we formerly undertook as volunteer moderators, and we'd be happy to collaborate with them if they choose to do so.
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Reddit isn't ever going to pay anyone to mod a sub. They'll drag all of this out until the IPO and then sell off the whole site to the highest bidders who will probably scrap it all and turn it into a new TikTok app or something.
By that time Steve Huffman will be on a private beach somewhere not giving a single fuck about what happens to all the redditors who made him rich
The only way they make money with IPO is if they short reddit.
They already do though, kind of. Their "Community Points" are an opt-in crypto shitcoin that the mods get a chunk of every month, and they're free to sell them to anyone willing to buy.
And there's always someone willing to buy, for some reason.
Just look at /r/cryptocurrency and their MOON token. Mods get something like $2000+ USD worth per month. I'm always surprised that 99% of reddit has never heard of them.
So you mean Reddit gives mods a bunch of worthless garbage, er I mean "moon tokens", and then it's up to the mods to convince someone else that it's worth something and trick them into buying it?
That just makes me even more glad I'm not there anymore lol