The new system to replace Reddit coins and awards is here. You got out at the right time.
reddit.com
Read all about it at the above link. There's way too much to process here. This is going to be wild.
You are viewing a single comment
Read all about it at the above link. There's way too much to process here. This is going to be wild.
Earn points through generating content and moderation? Okay, sure, why not?
Use those points to weigh votes in community governance? Suuuure, okay I can see how that could be cool.
The points are on the blockchain? Uh… so what’s stopping rich assholes from buying up points and using their capital to take over communities?
If the points are non-transferable then I can see the merit of a points system… but then why would you need a blockchain at all? It’s all still a closed off walled garden despite what they are pitching.
Or just create bots to farm community points and then you don't even have to pay that much at all.
If you get downvoted that means less points at the end of the month so you better conform.
That’s no different to now with Karma. And it seems like this new model doesn’t give them any real money so what’s the incentive to contribute at all?
This system basically encourages karma-whoring reposting behavior that slowly turns Reddit into a TikTok mirror. What could go wrong?
It also encourages the vague rule-making and arbitrary/excessive enforcement so that power mods can farm points. All the things people love about the site!
Oh silly boy/girl, that's exactly why it's set up that way. :D
JK. Seriously, though, I doubt reddit cares where the funds come from. Pretty short-sighted to me, tbh. When money takes over, I wonder how redditors will react.
Check r/cryptocurrency for a glimpse of future Reddit. So far it's managed to become a shitpost cesspool.
Can you spend points to get spez fired?
Yeah it's not the worst idea in theory but implementation needs to be perfect. Even if they don't allow token transfers I feel like this will make power users even more powerful without some kind of forced regulation. A repost bot could get the lion's share of tokens and take over governance.
That's the whole point. Want control over a community? Just buy it!
Nothing, that's the point :) Rich assholes pay, Reddit makes $$$.
Right, there is a potential path here that could be awesome, non transferable tokens that represent voting rights/karma, and points you can sell that could later be use as "gold" used to be used. But I don't think that's what they are doing