this post was submitted on 14 Jul 2023
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Reddit is getting rid of its Gold awards system (www.theverge.com)
submitted 1 year ago by L4s to c/technology
76 comments fedilink hide all child comments
 

Reddit is going to sunset its current coins and awards systems, meaning you won’t be able to buy Reddit Gold for posts you like. However, it is working on a new system for awards.

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[–] ThisIsMyLemmyLogin 20 points 1 year ago (1 children)

I'm starting to think Spez is depressed. He probably had visions of being a Billionaire tech bro by now like Zuckerberg and Musk. His only thought these days seems to be how to monetize Reddit, regardless of how he destroys it.

[–] barrio_libre 15 points 1 year ago (1 children)

If he’d had any insight, he’d have realized Reddit’s structure wasn’t a good vehicle for monetization and gone the way of Wikipedia/Jimmy Wales. He’d be popular and respected now and probably able to extract a decent living from it.

But his insistence that a square peg be pounded into a round hole will end up with him being neither popular nor respected—and he’ll never sniff that moonshot IPO.