Reddit is ending Reddit Gold and users are furious

Reddit Migration@kbin.social – 1 points – 1 years ago

Reddit is ending Reddit Gold and users are furious

The website has been knocking it out of the park for popular decisions lately /s

We all know this is happening with Reddit gold, however I thought it would be relevant to point out that there has been fallout amongst Reddit Premium subscribers.

EDIT

Edited a word

I don't understand. Don't they like money? I like money!

And yet somehow they say that’s their reasoning - that they’re trying to become profitable.

So someone did some math and figured out that the award system was unprofitable somehow?

Don't know how that works out.

Or maybe they are willing to take the hit because they are embarrassed when posts and comments criticizing Reddit get a ton of awards? (Plenty of people already have a large cache of Reddit coins, so handing out an award is not necessarily paying anything to Reddit at the time of award.)

That's a good point, lol.
No, according to The Verge's article, they say that users don't like the current system:

“First, many don’t appreciate the clutter from awards (50+ awards right now, but who’s counting?) and all the steps that go into actually awarding content. Second, redditors want awarded content to be more valuable to the recipient.”

And there are hints as to what may be slated to replace it:

While Reddit hasn’t specified what the new system might look like, Android Authority may have dug up some clues. 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. Reddit didn’t respond to a request for comment sent Wednesday about Android Authority’s article.

OTOH, this post in r/ModCoord posits a different explanation:

By getting rid of awards, Reddit is unloading a business liability. Because all those existing coins could buy ad-free Reddit.

what I take from this, though, is that even with the anger against Reddit, there’s no talk of leaving in the comments on that post!

you hate the site and all of their changes so much and it’s only been getting worse… why do you stay? even the content is already worse, and even worse on the subs that have the new Reddit tipping system… why stay?

#reddit #lemmy #fediverse #kbin

the new Reddit tipping system

I haven't heard about this tipping system. ELI5?

https://www.reddit.com/community-points/

Edit: holy fuck no one told me it was a blockchain cryptoshit??? That's even funnier 💀

Put anything to a vote
Run weighted polls to make big decisions in your community, like getting input on rules changes or deciding how to distribute Points.

Unlike regular polls, these polls give a larger voice to people who have contributed more to the community. The more Community Points someone has earned, the more weight their vote carries.

This will end well...

EDIT

What they're really looking for are a bunch of whales to drive engagement.

Call me a cynic but I suspect the biggest 'contributor' to r/product will end up being product's marketing department account, likewise with r/country and party-political apparatchiks. The move is elegant in a way: Reddit Inc can ruin true democratic operation of subs by turning subscribers into shareholders (which wards off repeats of mod activism) and simultaneously provide further cover to astroturfers (lots of points = Time and Effort™ = good faith actor).

Oh, absolutely this is the case. Reddit could even run bot accounts to gain a lion's share of points for any particular sub they want to control, thereby stifling any sort of protest or activism authorized by sub vote.

Wow, Reddit is not joking around when it comes speedrunning enshittification. I think it’s going to be very tough for other platforms to match these moves.