Reddit revamps gold system with opportunities to earn real money for posts

ooli@lemmy.world to Technology@lemmy.world – 136 points –
Reddit revamps gold system with opportunities to earn real money for posts
mashable.com
41

Great! Now they want the final stab with content being created by bots. Haha

I'm guessing that's exactly what they want, actually.

A bunch of content regurgitaters who will keep their lurker numbers high and won't talk back when Reddit further enshitifies its platform.

Reddit's post was distinctly non-specific about the dollar amounts people can expect to see

Lol, so basically "we might give you money if we feel like it".

Here is another article it seems to have more info https://techcrunch.com/2023/09/25/reddit-will-start-paying-you-real-money-for-your-karma/

redditors need to earn at least 10 gold within a 30-day period — if they don’t reach the threshold, the balance rolls over. For users with between 100 and 4,999 karma, they will receive $0.90 per 1 gold. Once you earn more than 5,000 karma, you can earn $1 per gold.

It's so bad... and what will happen is spam cheap bot content to get the gold amount necessary to get paid.

Question is who is just throwing $2 at comments? Should users just cut out the middleman and post their Venmo/Patreon handles or something?

If the app stores take a 30% cut then they are making 60cents off the $2 and Reddit takes in 40¢ while the user gets $1.

Just pay me the dollar directly, be sure to upvote, comment below and subscribe for more comments like this.

You should definitely post something for those sweet dollars then.

"Reddit, what's the sexiest sex you've ever sexed? [Serious]"

Dollars? That seems optimistic to me. It would probably be an amount comparable to the change you’d find on the ground in a parking lot.

If you’re an extremely active user who has no life, and posts all day every day, then we might be talking dollars. Perhaps even double digits over the course of a year!

By all means, Trust Reddit to do right by its content creating users.

That is, after all, the reason most of us are here.

Besides relevant search results i stopped going to reddit completely for here. I went there today to see their thoughts on this matter, just to not see it mentioned in hot or top at all.

I sort of miss the more 'niche' but non techie / nerdy communities but just find myself reading books again, which is also less stressful.

I too have been reading more. I kinda miss the random tidbits i picked up from hours of reddit though, but being only on lemmy is way healthier.

i've been using rdx.overdevs.com - it's a great way to read comments on mobile with a great UI, and you can import your list of subscriptions in a .json file. The only issue is that you can't use it to post, so it's read-only. I view that as a feature and not a bug.

Yeah, it's rough how only certain big subreddits moved here and have regular users.

Now the big ones feel niche, and the niche ones... well, nobody engages.

What could possibly go wrong?

My bots boys are about to make so much money for me.

Me and the bots boys whipping up some killer recycled content new memes for the bots reddit community to enjoy!

Who says there's no innovation in tech companies today? lol

Another step to push authentic humans to non-corporate platforms ...

So many limits and restrictions, including getting ten gold a year, to cash out. I don't see reddit having to give out much money here.

That's hilarious. Was this the plan all along or was this more of a reactionary thing? I think it's a mix of both.

Oh my god they did it, they actually did it. So many years of jokes and they actually did it lmfao

No thanks. I'm not in it for the money... or the empty promise of money.