this post was submitted on 12 Jul 2023
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Can you imagine the abuse of that?
Corruption usually comes from the top down. The real trickle down economics.
I'm not an expert by any means but can't this be used to launder money?
I don't think money laundering would be worth it. I would expect Reddit to end up with the majority due to the pay out rate.
I was thinking a mix of theft and fraud. Use stolen credit cards to buy gold for bot/puppet accounts then post on your main account. If a post starts to take off, throw the bots at it to gild and add extra upvotes.
If someone was doing this, I would expect it to be a side hustle. Use the stolen credit cards early like this to test if they're valid. Then use them for the main crime of buying goods to resell.
No, I don't think so. How you would get the dirty money in the system? I'm assuming the content creators don't have to give Reddit any money to get money back for their content.
Just spitballimg here, could be totally wrong as we're not 100% sure how this is going to work:
Get 2 accounts
Link a prepaid card with dirty money to account 1.
Comment/post on account 2 (whichever pays more)
Gild account 2s activity repeatedly with account 1, use bots to upvote spam account 2.
Deposit payments from reddit into personal account. Now your money is washed
Omg that's good! I wonder what the limit is on how much a single post or comment could earn. Like, say, you have $100,000 to wash - could that go to one post, or 100,000 posts? Does Reddit take any percentage of the earnings (not.sure if that was mentioned in the article)?
Why would they need that when they already have their dumbass NFTs?