this post was submitted on 14 Jul 2023
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Reddit trying to flex (i.imgur.com)
submitted 2 years ago by Radio_717 to c/[email protected]
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[–] [email protected] 124 points 2 years ago (11 children)

Looked it up, apparently someone datamined something out of the app that said you could earn money for getting karma/gold on posts.

Fake internet points are finally worth something!
Now redditors can earn real money for their contributions to the Reddit community, based on the karma and gold they've been given.
How it works:
* Redditors give gold to posts, comments, or other contributions they think are really worth something.
* Eligible contributors that earn enough karma and gold can cash out their earnings for real money.
* Contributors apply to the program to see if they're eligible.
* Top contributors make top dollar. The more karma and gold contributors earn, the more money they can receive.

This is absolutely going to get gamed to hell if it really happens. It also reeks of desperation.

[–] KuchiKopi 65 points 2 years ago

[–] Radio_717 33 points 2 years ago (2 children)

If they aren’t going to pay mods who are they planning to pay to make sure bots aren’t gaming the system? This is going to fail hard and we’ll see another influx of disgruntled migrants when they take it away.

[–] [email protected] 19 points 2 years ago

This is Reddit we're talking about here. You pretty much get three outcomes:

  1. People want the feature

  2. The feature happens at all

  3. It's given the proper amount of thought and oversight

Pick 1

[–] [email protected] 10 points 2 years ago

It's also guaranteed to be subject to mod corruption. You think a mod won't remove posts so their's or an alt/friend hits top page more frequently? Not that I think most mods and users are that kind of person, but capitalism corrupts, and a lack of profit motive was a huge thing that kept most communities together and friendly, because karma was basically just monopoly money.

[–] [email protected] 16 points 2 years ago (1 children)

Genius, a direct financial incentive to maximize the imaginary internet points, surely there's no way this will just make karma farming bot problem so much worse.

Capitalists are so fucking dumb.

[–] [email protected] 4 points 2 years ago (1 children)

I’m sitting here trying to understand what they think is going to happen with this.

[–] [email protected] 3 points 2 years ago

You ever heard of the cobra effect

[–] [email protected] 14 points 2 years ago

And it's US only. Great idea to encourage the site to have an even more US-centric point of view on everything.

[–] _number8_ 14 points 2 years ago

i sort of want to signup just to see if they'll let me in, i accumulated a lot of karma due to loneliness

but this inevitably opens things up to sponsored posts right? having this sect of posters means they have an audience

[–] foggy 12 points 2 years ago (1 children)

I give it a few weeks til they announce reddit coin or something ridiculous.

Your votes become karma which you can exchange for reddit coin. Or buy! Or trade to use to promote your posts!

It'll quickly become the newspaper. We all know how well they're doing.

[–] [email protected] 4 points 2 years ago

They already announced that they are doing away with awards and gold. So I think you're right.

[–] [email protected] 11 points 2 years ago (1 children)

So what Instagram did? They monetised Reels.

And we all know what shitty place Instagram Reels is, well in my country it is.

[–] rockSlayer 8 points 2 years ago* (last edited 2 years ago) (1 children)

I haven't touched anything to do with Meta since I quit Facebook in 2016. What's Instagram reels?

[–] [email protected] 7 points 2 years ago (2 children)

Short vertical videos that are up to 60 seconds long.

Damn you must’ve noticed someone doomscroll on Instagram.

[–] [email protected] 2 points 2 years ago (2 children)

So they saw what Vine/TikTok was doing and did the same thing but worse?

[–] [email protected] 3 points 2 years ago* (last edited 2 years ago)

You can check this link for a better understanding.

In addition to this, companies also sponsor influencers. So people naturally will try to gain attention, which means they’ll do anything and post garbage content.

[–] [email protected] 2 points 2 years ago* (last edited 2 years ago)

It's more like snapchat stories, they last for 24hrs usually

[–] rockSlayer 1 points 2 years ago

Actually no lol no one I know uses Instagram

[–] Veltoss 7 points 2 years ago (1 children)

So can I get money for all that comment karma I built up over the years? Are they only counting post karma warned after signing up?

[–] [email protected] 10 points 2 years ago

Almost makes me wish I didn't delete my 100k+ karma account, I might've gotten contributor on it and sold it to a chinese bot farm for primo dollars.

[–] [email protected] 6 points 2 years ago

Wow what a desperation play

[–] soot_guy 1 points 2 years ago

Sounds like you tube with extra steps