this post was submitted on 17 Oct 2023
98 points (98.0% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

1337 readers
1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 1 year ago
MODERATORS
[email protected]
98
Reddit is killing blockchain-based Community Points (techcrunch.com)
submitted 1 year ago by [email protected] to c/[email protected]
17 comments fedilink hide all child comments
 

Reddit is sunsetting its blockchain-based Community Points product, the company announced on Tuesday. A Reddit admin (employee) shared the announcement about Community Points, which uses the Ethereum blockchain, on a few subreddits, including r/CryptoCurrency (which had its own “moons” crypto token), r/FortniteBR (which had its own “bricks” token), and r/EthTrader (which had its own “donuts” token).

The value of those tokens has, predictably, fallen off of a cliff, as CoinDesk reports drops of between 60 and 90 percent.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 1 year ago

In another context this decision would be sensible, as Reddit is not in a position to make money out of this.

In this context however it sounds a lot like "wah, the admins took something else from us".