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Reddit kills awards and coins
(old.reddit.com)
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this post was submitted on 13 Jul 2023
292 points (97.4% liked)
SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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I like writing stupid Reddit comments. If they want to pay me to do it, now matter how much or little, that’s more than I’m getting paid to shoot the shit in my downtime anywhere else.
But “residuals” are where it’s at. Old comments that never die because people keep gilding or replying. Views on that content can be (and we’re dealing with Reddit, so they very well could screw it up) turned into ad dollars. Companies are turning more of their tv ad dollars to social media.
Idk. I don’t disagree, but I think the cynicism may prove wrong here. But the cost of participating is zero if it turns out I get residuals on a comment I wrote 9 years ago.
The quickest way to take something you enjoy and turn it into something you don't is by making it a job.
Based on their early description of the feature, you can't just rely on residuals to make money. You have to be getting a critical mass of upvotes and gold (which is an interesting inclusion given they're pulling awards - they either didn't think it through all the way and redesigned it already, or they have some other method for how that'll work) each month to even qualify in the first place.
Haha good life advice nonetheless
I bet new Reddit gold is going to be their crypto platform that runs on Ethereum. Just a guess.
That's probably a very good guess, based on their recent adventure into NFTs. It's like they're living in the internet from 2019 and are slowly struggling to catch up to reality not realizing it's already moved on.
The cost of participating is that you have to give Reddit your identity, complete with bank account and tax information.