Reddit kills awards and coins

gsa32@lemmy.worldbanned from sitebanned from site to Reddit@lemmy.world – 2345 points –
Reworking Awarding: Changes to Awards, Coins, and Premium
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There’s rumors that Reddit may launch some new cryptocurrency. Based on code in the Reddit’s Android app, Reddit appears to be working on a “contributor program” that would let users cash out gold or karma (basically, points you get for posts, comments, or giving awards) they receive into real money.

They've kind of already implemented that on the cryptocurrency subreddit as Moons - and yes, it's about as bad as you'd expect.

Didn't that just cause rampant upvote farming and ultimately not work out since they had picked FTX as their partner for it?

You say that as if they stopped it. (From what I can tell, they haven't.)