this post was submitted on 26 Jul 2023
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[–] [email protected] 129 points 1 year ago (4 children)

Lots of them are likely leftover points due to the deprecation of awards.

[–] [email protected] 57 points 1 year ago (3 children)

I never understood why people spend money on reddit. It's fucking stupid.

[–] bappity 37 points 1 year ago (2 children)

on top of that, Reddit rewards are disappearing soon so they are literally throwing money into a fire

[–] [email protected] 23 points 1 year ago (2 children)

It was always that kind - I also don't get why people are spending money on e.g. bits at twitch. It's the same kind of stupid. Just give the people you like money with paypal. It's easier and they get nearly 100% of it.

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

With "Friends and Family" they get 100% unless converted

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

it's a bit complicated, if you have to spend tax on it - but, yes

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

In my country Paypay doesn't tax when doing Friends and Family transactions, but do when you are sending to an account from another country

[–] [email protected] 3 points 1 year ago (1 children)

In germany it demands on the conditions. If you get too much, they will ask why and where you got it. So, if you get small amounts it’s totally ok, if it gets more you will get problems.

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

Isn't like that anywhere really? Paypal applies a hard limit on the max amount to send via Friends and Family, needing you to use the taxed other method where it becomes pretty much a bank transaction. For exchanging big sums in general the only real choice is a bank transfer with your real cards.

[–] [email protected] 1 points 1 year ago (1 children)

I think you are confusing taxes with fees? I don't think PayPal will pay any taxes for you even if you don't use the "friends and family" feature.

[–] [email protected] 1 points 1 year ago

Yeah, I meant fees there.

[–] Shialac 2 points 1 year ago (1 children)

PayPal doesn't do the tax, but for the content creator its taxable income

[–] [email protected] 0 points 1 year ago

That should be specified some law in each of our countries that specify the amount you can do as independent before its going to be taxed.

[–] [email protected] 5 points 1 year ago (2 children)

Used to ask this question alot. But then I realized, its to be part of a community of sorts, either in a random twitch streamer's chat or on reddit. I kinda get it now, and I while I wish people would put this money towards either smaller creators or more charitable causes I do also respect peoples right to spend however they want.

[–] [email protected] 3 points 1 year ago (1 children)

You have the right to do stupid things, nobody is denying it.

[–] [email protected] 3 points 1 year ago

While I personally think its silly, if the people get that sense of community from doing I wouldn't outright call it stupid.

[–] [email protected] 2 points 1 year ago

In germany it demands on the conditions. If you get too much, they will ask why and where you got it. So, if you get small amounts it's totally ok, if it gets more you will get problems.

[–] [email protected] 10 points 1 year ago

I’m pretty sure you can’t buy coins anymore

[–] [email protected] 22 points 1 year ago

They used to give out awards to gift daily to encourage people to use the official app. You could also give out gold if you got several gold. I never spent any money but did give out awards.

[–] LazaroFilm 14 points 1 year ago (1 children)

I spent money on Apollo Ultra, but not on Reddit.

[–] [email protected] 7 points 1 year ago

totally reasonable

[–] [email protected] 8 points 1 year ago (3 children)

Why is it being deprecated? I thought it's a major income for them.

[–] [email protected] 28 points 1 year ago (2 children)

Because Huffman and Musk are apparently (no, I'm not making this up) good buddies who share tips on how to run social media companies.

[–] Hillary_Clinton 3 points 1 year ago* (last edited 1 year ago)

Understandable

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

By "run" do you mean "destroy"?

[–] [email protected] 1 points 1 year ago

Yes, that was the joke, I was being facetious.

[–] [email protected] 5 points 1 year ago (1 children)

I guess they are going to roll something else out to replace it

[–] [email protected] 5 points 1 year ago (2 children)

Let me guess, NFT or something blockchain related.

[–] [email protected] 5 points 1 year ago

Doesn't Reddit already have NFT avatars?

[–] glorious_albus 2 points 1 year ago

Wouldn't be surprised at all.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Because the owner wants a bland social media with no soul.

[–] [email protected] 5 points 1 year ago (1 children)

Awarded - apparently I have gold points there for some reason, and an IM saying they're about to be removed.

[–] [email protected] 7 points 1 year ago

If you ever receive gold or higher you get some coins + premium membership for some days. I don't know if it is still applies.

[–] [email protected] 2 points 1 year ago

Basically 99.99%