Reddit is getting rid of its Gold awards system
theverge.com
Reddit is going to sunset its current coins and awards systems, meaning you won’t be able to buy Reddit Gold for posts you like. However, it is working on a new system for awards.
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After they introduced several other awards except gold, the awards completely lost its meaning (and value) in my eyes. I still remember the bliss I felt the day I discovered Apollos "hide awards"-setting.
It wasn't that bad, gold just signals that the comment is good (intensity), but some of the other awards made explicit the way in which it is good (hue/flavour) e.g. funny, informative, creative, sarcastic...I actually liked the award system (even if I always was a bit suspicious of who was giving them and what their intentions were)
A few years ago, when the only award available was gold, I used to occasionally buy gold to award comments I really like. Back then buying gold was the only monetization in reddit so it was pretty well received. I stopped doing that around the time they implemented coins and ramping up ads.
I remember when people on Reddit would downvote immediately if someone used an emoji in the comments and then proceeded to pay for awards that are pretty much just emojis.