Go on I’ll bite….what now???
this post was submitted on 15 Jul 2023
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No more awards and such, I guess. It will be terminated in September. I came across some screenshots of people attempting to get a refund, explaining that they had purchased so many Reddit coins that they couldn't distribute them before the shutdown. Meanwhile, here I am, observing individuals who possess more wealth in Reddit coins (which hold no real-life value) than I have to buy food for a year. We truly live in a strange world. I don't know why they decided to get rid of it, but it does seem odd, especially considering there are people who even "whale" within the Reddit community.
Earning money for digital worthless stuff is not profitable
They're removing free coins and awards to replace it with something new they'll announce later.
New Currency will be called "Spez Coins" to honor the inventor of Reddit, our glorious leader that will lead us to the future!
/s
Reddit verified. 10$ a month and you get the privilege of sending reddit your id card, so they can link all your posts to your real world identity.
They are hemorrhaging users and replacing the missing activity with bots, but the new bots don't buy gold, so rather than show a month-over-month loss in that revenue stream in their IPO docs, they just cancelled reddit gold.
They also deleted all chat logs prior to this year.
Some block chain thing
I've got a few reddit coins from when someone gave me gold. Is there a way I can fuck over reddit or promote the fediverse using them before they time out?
Can someone explain to me why them removing these awards is pissing people off? I used reddit everyday for 13 years until all this shit went down. Never once cared about gold or whatever. Why does it disappearing matter to people? Just because they like to flex having it?
If they're removing a revenue stream it can only be because they're going to replace it with something worse.
I'm with you on that. Everyone always joked about how dumb it was. My guess is the people that are mad are the ones who took that seriously and dumped a bunch of real money into buying a bunch of coins they now can't use. Play stupid games, win stupid prizes. Lol
I mean, they saw themselves as supporting the site they enjoyed spending time on and one perk of that support is going away for no apparent reason.
I didn't because I used an adblockee, but can see how it would annoy someone.
Because they are going to create a coin linked with crypto, which is going to give money to people for using Reddit. I like that to be honest. The problem is that Reddit has never figured out how to tell if someone is a bot or not. If bots were bad before, they'll totally dominate Reddit now. So Reddit will probably release a way to verify you're human, which ties you to your identity, or to captcha the hell out of posting.
Anyways, for people thinking Reddit doesn't already know who you are, I invite you to read about online fingerprinting. It's almost impossible not to giveaway your identity nowadays. You'd have to follow guidelines that would make browsing pretty awful.
https://www.howtogeek.com/735535/what-is-browser-fingerprinting-and-how-can-you-block-it/
It‘s pissing me off, because Reddit invests more time into removing features, instead of adding new, highly requested ones.
When your only goal is to get the company ready for the stock exchange listing, you strip away everything you can to save costs and be as profitable as possible, not add features. Especially if you are already known as a fan of how Musk "optimized" Twitter.
Yea, but adding features increases profit, because more people will spend more time on your platform and maybe even subscribe to premium.
Remember how cool their broadcasting thing was? Don’t remember the name but I do remember therapy gecko.
It's literally the opposite of that lol, they're making changes that they know will be tolerated by 90% of the user base
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