this post was submitted on 26 Jul 2023
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[–] [email protected] 228 points 2 years ago (1 children)

Just fyi to prevent misinformation, reddit disabled buying coins when they announced it was being removed. So all these points are leftovers

[–] [email protected] 41 points 2 years ago

Also due to this people are even more willing to give out awards, since reddit announced that all coins will be removed from your account after September.

[–] [email protected] 129 points 2 years ago (4 children)

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

[–] [email protected] 57 points 2 years ago (3 children)

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

[–] bappity 37 points 2 years 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 2 years 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 2 years ago* (last edited 2 years ago) (1 children)

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

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

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

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

Yeah, I meant fees there.

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

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

[–] [email protected] 0 points 2 years 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 2 years 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 2 years ago (1 children)

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

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

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

[–] [email protected] 22 points 2 years 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 2 years ago (1 children)

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

[–] [email protected] 7 points 2 years ago

totally reasonable

[–] [email protected] 8 points 2 years ago (3 children)

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

[–] [email protected] 28 points 2 years 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 2 years ago* (last edited 2 years ago)

Understandable

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

By "run" do you mean "destroy"?

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

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

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

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

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

Let me guess, NFT or something blockchain related.

[–] [email protected] 5 points 2 years ago

Doesn't Reddit already have NFT avatars?

[–] glorious_albus 2 points 2 years ago

Wouldn't be surprised at all.

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

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

[–] [email protected] 5 points 2 years 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 2 years 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 2 years ago

Basically 99.99%

[–] [email protected] 53 points 2 years ago (1 children)

And they misspelled CEO. Fucking achievement right there.

[–] Trofont 17 points 2 years ago (1 children)

NGL I tried to figure out what joke you were making for several minutes. Then I finally looked at the second "CEO" my brain skimmed past it like 5 times

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

Average Reddit behaviour.

[–] problembasedperson 19 points 2 years ago (1 children)

Upvotes have nothing to do with SEO

[–] rockSlayer 26 points 2 years ago (1 children)

Believe it or not, this used to actually work for SEO manipulation before Google got wise

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

I remember the good old days when reddit managed to make a swastika one of the top google image results for EA Games or something, maybe Comcast.

[–] GenBlob 5 points 2 years ago

I supported sending a message on r/place but this is embarrassing

[–] Anti_Weeb_Penguin 5 points 2 years ago

REDDITORS TRY TO BE INTELLIGENT (IMPOSSIBLE)

[–] dhruv 3 points 2 years ago

I tried to upvote the image. Old habits die hard?

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