The website has been knocking it out of the park for popular decisions lately /s
We all know this is happening with Reddit gold, however I thought it would be relevant to point out that there has been fallout amongst Reddit Premium subscribers.
EDIT
Edited a word
what I take from this, though, is that even with the anger against Reddit, there’s no talk of leaving in the comments on that post!
you hate the site and all of their changes so much and it’s only been getting worse… why do you stay? even the content is already worse, and even worse on the subs that have the new Reddit tipping system… why stay?
#reddit #lemmy #fediverse #kbin
the new Reddit tipping system
I haven’t heard about this tipping system. ELI5?
https://www.reddit.com/community-points/
Edit: holy fuck no one told me it was a blockchain cryptoshit??? That’s even funnier 💀
Ew
Put anything to a vote
Run weighted polls to make big decisions in your community, like getting input on rules changes or deciding how to distribute Points.Unlike regular polls, these polls give a larger voice to people who have contributed more to the community. The more Community Points someone has earned, the more weight their vote carries.
This will end well…
EDIT
What they’re really looking for are a bunch of whales to drive engagement.
Call me a cynic but I suspect the biggest ‘contributor’ to r/product will end up being product’s marketing department account, likewise with r/country and party-political apparatchiks. The move is elegant in a way: Reddit Inc can ruin true democratic operation of subs by turning subscribers into shareholders (which wards off repeats of mod activism) and simultaneously provide further cover to astroturfers (lots of points = Time and Effort™ = good faith actor).
Oh, absolutely this is the case. Reddit could even run bot accounts to gain a lion’s share of points for any particular sub they want to control, thereby stifling any sort of protest or activism authorized by sub vote.
I see you edited your post. That’ll be 2 CrYpToBuCkS!
I will give you 2 shiba inu coins (worth $0.00001574).
Aw shit, look out Elon, here I come!
Ironically you’d need something like a cryptocurrency if you wanted to implement something like that for the Fediverse.
good thing we don’t want it
Generally speaking the solution to these sorts of things when one doesn’t want it is “then don’t use it.” That’s especially true in a federated, decentralized system like this.
yeah but this is the specific kind of engagement bait and whatnot that can stay on the corpo social nets
Why? I mean, technologically, why couldn’t a more standard payment platform work, and then just pass around those payments among instances? PayPal is not crypto, but you can use it almost anywhere online.
PayPal is not decentralized. None of the “more standard” payment platforms are. If you want to have some kind of cross-instance limitation on things like awards and not have instances be able to just spew them out willy-nilly if they want to then you’re going to need some kind of decentralized ledger to track them authoritatively, and that’s basically cryptocurrency in a nutshell. This is what cryptocurrency is for.
Hahahah jesus christ
Yeah it’s been enabled on the crypto reddits for a while… as a result the subs overwhelmingly changed to “vaguely interesting and/or attention-grabbing but ultimately useless with a race to see who’s first” posts, signal-to-noise ratio got way worse.
Who could’ve called it? Never saw that coming
Wow, Reddit is not joking around when it comes speedrunning enshittification. I think it’s going to be very tough for other platforms to match these moves.
The real business model here is to win the race to the bottom, and stream re-enactments on Twitch.
Wow… Did someone tell Reddit that April Fools was in July or something? It’s this close to being a bad joke.
My subscription was going to renew on July 3rd, but I let it expire. That seems like a wiser decision every day.
Just out of curiosity, what is it that you were subscribing for? I used r*ddit for 13 years and never saw the need to pay for premium or gold or whatever. What features did it offer?
I felt like the subscription was reasonable for the amount of time I spent on Reddit.
I don’t understand. Don’t they like money? I like money!
And yet somehow they say that’s their reasoning - that they’re trying to become profitable.
So someone did some math and figured out that the award system was unprofitable somehow?
Don’t know how that works out.
Or maybe they are willing to take the hit because they are embarrassed when posts and comments criticizing Reddit get a ton of awards? (Plenty of people already have a large cache of Reddit coins, so handing out an award is not necessarily paying anything to Reddit at the time of award.)
That’s a good point, lol.
No, according to The Verge’s article, they say that users don’t like the current system:“First, many don’t appreciate the clutter from awards (50+ awards right now, but who’s counting?) and all the steps that go into actually awarding content. Second, redditors want awarded content to be more valuable to the recipient.”
And there are hints as to what may be slated to replace it:
While Reddit hasn’t specified what the new system might look like, Android Authority may have dug up some clues. Based on code in the Reddit’s Android app, Reddit appears to be working on a “contributor program” that would let users cash out gold or karma (basically, points you get for posts, comments, or giving awards) they receive into real money. Reddit didn’t respond to a request for comment sent Wednesday about Android Authority’s article.
OTOH, this post in r/ModCoord posits a different explanation:
By getting rid of awards, Reddit is unloading a business liability. Because all those existing coins could buy ad-free Reddit.
