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.
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Read all about it at the above link. There's way too much to process here. This is going to be wild.
Introduction
It is time for communities to break free of walled gardens and take ownership of their existence online.

The Future of Online Communities
Communities are the lifeblood of the Internet. They are the places where magic happens online — where people meet others like themselves, think and talk about the same things, and laugh at the same jokes. From newsgroups and chatrooms and forums, communities have always been the centers of the Internet that draw people in.
But online communities are much more limited than their counterparts in the real world. In the real world, communities are independent entities, free to choose where and how they hang out. No one tells them what to do or where to go.
Today's online communities are not like this. They are trapped inside apps and platforms, where they do not have independence or control anything of value. This limitation makes them second-class citizens, unable to chart their own destiny on the Internet. It is time to put communities in their rightful place as the foundation of the Internet.
It is time for them to take back ownership and control. It is time for a change.
Community Points
Community Points are the first step towards a better future for online communities. In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.
As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities. They are earned by making contributions to the community, like creating content and moderating. They not only represent ownership and reputation within the community, but can also be used for community governance, moderation, and unlocking premium features. They can even be used in custom tools outside of Reddit and on other platforms.
Most importantly, Community Points are a flexible tool that each community can shape to its needs. Each community has its own Points that it can customize with its own name, symbol, distribution rules, and uses. Every community has its own needs and we expect each to use Points differently and in novel ways that help take them to the next level.
What the fuck lmao you can't make this shit up 🤣🤣
They literally admitted the problem, but they're doubling down on siphoning even more money from their users instead
The first half reads like they're planning to move everything to the fediverse.
We're going to decentralise reddit,
WITH BLOCKCHAIN!
This has big "Landed Gentry" energy to it. These people really do think we're fucking morons, don't they?
That's on point. Steve Huffman said openly in an interview last year that he expects the collapse of society in the next couple decades, and that he will be one of "the leaders and not one of the slaves."
Man thinks CEOs actually offer something and aren't universally hated lmao
lmao that is embarrassing
sadly spez will still make millions from the IPO before he abandons ship, so I guess in the end he still 'wins' at the expense of the users
That's just... embarrassing honestly.