The new system to replace Reddit coins and awards is here. You got out at the right time.
Community Points - Own a Piece of Your Community
Read all about it at the above link. There's way too much to process here. This is going to be wild.
Yeah, it does look like this has been around for a bit.
https://www.reddit.com/community-points/ has at the bottom "copyright 2021".
https://www.reddit.com/r/CommunityPointsHelp/ has posts from 2 years ago.
Why is this being posted as if it's new?
Haven't community points been a thing for a long time? I recall you used to be able to buy/donate points to your community to open up features (like getting to post emotes in replies, which is just aggravating more than a 'perk', and ensured I never participated).
Today's online communities are not like this. They are trapped inside apps and platforms, where they do not have independence or control anything of value.
That's hilarious, when they literally just trapped users in their app and killed 3rd party apps.
In case anyone's confused about what this is all about:
$5/month per community
It's easy to miss, but they snuck in that Special Memberships (subreddit subscriptions, which unlock badges and emojis and stuff) cost $5 a month per subreddit, outside of Reddit Premium. You can also spend 1000 Community Points, but if you don't have the balance and want the benefits, you'll be giving reddit money.
It feels like reddit has come to understand how much closer redditors feel to their communities than reddit as a whole - reddit is hated, but users still cling to their communities. A sitewide Reddit Premium badge is irrelevant, even repugnant and a badge of shame, but special flairs and features in close knit communities are still desirable.
This is reddit exploiting their users' relationships with their communities with a stackable 5 buck alternative to Reddit Premium.
Probably the only smart thing Reddit has done all year. All you have to do is invent some sort of perk for a community and put it behind a monthly paywall. Make it a pooled system with a goal and peer pressure will get you more subs. Discord has been making bank on this concept for a while now.
If they can leverage subreddit tribalism, it might have even have more potential than Discord, which isn't nearly as interconnected. Or it would have, if they hadn't hitched this to the blockchain.
spez pulling off an elon lmao
Per subreddit?!
ROFL. 🤣🤣🤣👒
Man I remember back in the day when somebody bought me in Argentinium award. I shit a brick when I found out how much that thing cost.
I got a few thousand points to spend on awards, but I never would spend money on an app like that. Such a rip off.
"It is time for communities to break free of walled gardens and take ownership of their existence online."
So, literally the fediverse ?
Yeah, the first section made me expect they were going to say "Which is why we're shutting down and recommending users migrate to Lemmy".
Of course it's some crypto bullshit for investors.
my instant thought as well
Ironic coming from Reddit.
Almost. Substitute dictatorial control for independence, and you’ve got it!
Reddit is talking about decentralization and stuff like that like they aren't a centralized platform themselves. Giving control to the community, but remember if we don't like what you're doing with your communities we'll threaten your moderation team!!!
Complete corporate happy-go-lucky fake unawareness, gaslighting, no shame, but even feels like they are just saying this to humiliate the people who understand what it really means and banking on the memorilessness of their cattle...is there a word for this?
this is all intentional
LMAO ITS BLOCKCHAIN
we called it, reddit goes fucking crypto bro
Everybody knew the second he started talking to Musk. Burn it down to chase off everyone but the farthest right whose only concern with a platform is not getting banned for the n word, then load it up with buzz words they don't understand but will worship anyway.
Haven't they been crypto bros for years now? The Avatars have been blockchain NFTs for a hot long minute.
I thought it was an announcement about Fediverse/ActivityPub integration. Blockchain is so 2021.
Edit: Nvm looks like it IS from 2020/21. Title is misleading.
communities need to be owned by their members in ways that platforms cannot take away.
uuuuh
They are trying to win us back by... gaslighting.
Hey, no baby, I didn't just ban some mods because they refused to do what I said, no way baby, I respect you too much for that! Now, you're going to stop dating that lemmy guy and come back to me, right? You know I love you. You know I would never ban a subreddit unless they broke the site wide rules, right? You need me, you know it's true.
Glad I got out of that toxic relationship. The new girl feels a lot like the ex but at least she belongs to everyone in the room ! hell, uh... yea
Oh the irony 😅
we now have a way to establish this freedom in a decentralized and secure way
they have shown us that their goal is profit, not user experience, you can never believe them
Apparently, this has been around for ages:
May 28 2020: https://consensys.net/blog/news/everything-you-need-to-know-about-reddits-new-blockchain-based-community-points/
May 15 2020: https://old.reddit.com/r/ModSupport/comments/gk0x6g/could_the_admins_please_explain_this_community/
IA History: https://web.archive.org/web/20230000000000*/https://www.reddit.com/community-points
Discussions of proliferating it and fantasies about the resulting weird exploitation it will enable have occurred as well:
March 17 2023: https://old.reddit.com/r/CryptoCurrency/comments/11tv5vz/when_community_points_are_introduced_to_other/
July 16 2023: https://old.reddit.com/r/CryptoCurrency/comments/151fg8h/which_subreddits_need_to_be_the_next_to_get/
Apparently, they also tried to do this before, almost 9 years ago:
https://www.engadget.com/2014-12-19-reddit-notes.html
https://techcrunch.com/2014/12/19/reddit-announces-redditnotes-a-way-to-share-equity-with-readers/
https://www.theverge.com/2014/12/20/7427491/reddit-notes-announced-give-5-million-dollars-to-users
https://slate.com/business/2014/12/what-reddit-notes-are-their-history-and-future.html
https://old.reddit.com/r/blog/comments/2pt25f/announcing_reddit_notes/
https://old.reddit.com/r/TheoryOfReddit/comments/5fyaec/what_happened_to_reddit_notes/
https://www.fortune.com/2015/01/30/reddit-notes-is-not-going-to-happen/
Kinda puts things in a new light. Ruining the site has always been the plan.
ah, this explains why there's almost zero hubbub about it on reddit right now.
"It is time for them to take back ownership and control." Funny that this is coming from Reddit. Actually more like ironic.
In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away.
Is this a fucking joke
Reading this: are they implementing ActivityPub?
Blockchain
Oh sweet lord, no. No, they are not.
Someone at Reddit had Blockchain missing in their buzzword bingo for 2023, I swear.
I think that's their point, to sound like the Fediverse but is actually a different way for them to get money and control the narrative. They're also possibly trying to take away shutting down shitty sites "by giving the communities control."
Yeah, it is. It's nothing new. Here is a post about it from 3 years ago:
I love shitting on reddit as much as the next guy, but I don't think they are actually implementing this.
So they want to claim they are like Lemmy, but without doing what Lemmy does. Got it.
I'm sorry but this is some dystopian bullshit that's all centred on the false premise that communities are anything other than the people who choose to count themselves among them and engage in them.
Reddit is just the tool some communities chose to use to gather their members and communicate. That's it. If a community decides that Reddit is no longer the appropriate tool for the job, they can leave and build their community elsewhere. That may be a bit of an oversimplification, given the resources and tools those communities might lose through the transition, but strictly speaking, Reddit can't do anything to stop the members of any particular subreddit going elsewhere, and a cryptocurrency absolutely is not going to fucking facilitate the ownership or mobility of a community.
It's a bullshit form of control that they want their users to willingly bind themselves to. Suddenly you're not just participating in a community, but you're genuinely invested, tied to something with a perceived monetary value, that even if you can theoretically remove from Reddit and take elsewhere, won't have any more value than people choose to place on it, and won't represent the community that generated it in any meaningful way.
It's literally "Hey, the more you use Reddit, the more of our crypto you'll earn, which could be worth more than zero one day! You better keep using Reddit, huh? You wouldn't want to lose that potential for more than zero eh? In fact, why don't you encourage more people to use Reddit too? Then they'll generate their own crypto, and the more people use our crypto, the more it'll be worth for everyone! See, if you get five more people to use Reddit, and those five people also get another five people each to use it etc etc etc..."
The fuck out of here.
I love how they talk about community independence yet Reddit can come in at any time and remove the mods if they don't like the content those communities are producing
This reads like shit. it starts off with this ground breaking tone, then its just crypto bs? and then the article just ends abruptly. The fediverse is the solution to the problem theyre talking about not some shitcoin. sheesh
“Own” your community, but if you blackout or post John Oliver, we’ll take it away from you.
For now, Reddit will cover gas costs for distributing Points to users and allowing them to spend Points on features such as Special Memberships.
Spez: "We are not profitable"
This is where Spez is spending money. Not on making the App/UI/UX better, but on crypto scams lol
Okay. Each sub gets fresh points according to it's size, activity and admin preference.
Every month your karma in a sub gets converted into these new points. These points can then be used to tip others, buy animated emojis or badges to show off. They are also used to make your vote count more in polls.
Mods can give commenters fines for misbehaving and make posts earn less points.
Sounds very capitalist. I guess it makes everybody go to a few big subs, as little subs don't earn anything. And those big subs are overrun by a few big players who floated to the top and stay there because of their influence. Little subs get overrun by alt-right as the fines mods can give there are just pocket money.
But that's what you get when ideology and dictators rule.
Sounds completely awful. They are really good at draining the fun from social media.
They are gamifying the experience. Soon there will be loot boxes randomly found...
The best pack size to buy orangered gems with your points is of course the largest pack, but you'll get slightly less than you need to upgrade your narwhal's midnight baconator so you'll need to buy two packs
Oh buddy. Are you familiar with temu? Like alibaba or wish or Amazon. Well they have a fish feeding game that incentivises you to log in every day and do stuff like share and buy etc to potentially get a discount etc. It's insane. A MARKETPLACE APP WITH A GAME TO GET PEOPLE MORE HOOKED.
Knew before clicking it'd be crypto crap
How many community coins make a Shrute buck?
Exchange rate is equal to the ratio of unicorns to leprechauns.
Oh what complete fucking energy wasting bullshit that can be handled by a simple db. Just more corporate buzzword bingo from these jackasses in charge.
It's an A.I. Blockchain NFT!
It's just another ploy to get people to use their shitty app.
Don't knock the tech just because it's currently being used like stocks and currencies. Fundamentally the blockchain solves the problem of making a distributed database secure and modifiable when in the presence of untrustworthy nodes -- no easy task. Simple dbs are not up to this task
Fundamentally there's absolutely no need to use this to keep track of Internet points on a social media site. It's bullshit, buzzword bingo.
that's why I generally, just like keeping my blockchain news with EIPs/ERCs rather from anything/anyone else or at least merit based.
Lol. What a shit system. Apart from it being not as popular, Lemmy is a lot better than Reddit lmao.
The lower number of users is a feature right now.
Missed the crypto craze a bit late there.
Called it. It's crypto.
Glanced over it. Complete word salad. Corporate nonsense: baffle them with bullshit.
You get points from communities. These points are stored on the block chain, because why not? The points themselves come from reddit, but the communities distribute them. Since they're on the block chain, reddit can't take back your magic bean points or whatever once you get them. Nevermind that they're worthless and that reddit controls the only platform that they're even remotely useful on.
For now, Reddit will cover gas costs for distributing Points to users and allowing them to spend Points on features such as Special Memberships.
Emphasis mine. Someone has to pay for it, because that's how the block chain works. For now it's Reddit. In the future? Who knows!
How does this benefit the consumer? It doesn't, really. Potentially it gives posters more control over a subreddit, but looks like mods will still hold essentially all the power when it comes to a subreddit, which is how it works now.
How does this benefit reddit as a business? It doesn't, really. They're handing out magic beans with the selling point being that they can't take them away from you once you get them. It costs them money to do this, because it's on the block chain as opposed to some in-house database. This replaced coins, right? They killed an income stream and replaced it with an expense.
They get to tell investors that they're into the block chain when they launch their IPO, I guess. All I can say is buyer beware. Chances are high the powers that be unload their stock options in the IPO hype and then get the hell out of dodge. They might have waited too long, though. The tech bubble deflated, and I don't know if the books are impressive enough to draw in the big bucks from investors.
If you want genuine control over your community, start one on the Fediverse and self-host an instance. No admins will kick you off since you're your own admin and head mod rolled into one.
its main value to the owners is that it is a more direct means of controlling user behavior.. once they get people used to "real" rewards, they can better use the platform as a means of controlling discourse.. which is why the Mukser is doing it on the other thing, and where they got the idea..
they're trolls.. they want to use it to troll harder..
How does this benefit reddit as a business? It doesn't, really
$5/month per community
You may have missed it, but they snuck in that Special Memberships (subreddit subscriptions, which unlock badges and emojis and stuff) cost $5 a month per subreddit, outside of Reddit Premium. You can also spend 1000 Community Points, but if you don't have the balance and want the benefits, you'll be giving reddit money.
It feels like reddit has come to understand how much closer redditors feel to their communities than reddit as a whole - reddit is hated, but users still cling to their communities. A sitewide Reddit Premium badge is irrelevant, even repugnant and a badge of shame, but special flairs and features in close knit communities are still desirable.
This is reddit exploiting their users' relationships with their communities with a stackable 5 buck alternative to Reddit Premium.
I still don't really get who gets the money from this special membership? I understand people subscribe to YouTube and twitch personalities because they want to support the creator and they get most of the money, but what incentive does anyone have to buy this community membership here? Is it really just the special avatars/badges/whatever?
It’s a fucking blockchain. I’m fucking done. That’s it. I’m going to put the Reddit app in a folder and pretend it doesn’t exist.
Why not delete it? The more they see people uninstalling the app, the better.
Mainly because there are a couple of subreddits without any real equivalent on Lemmy. The app is the only way on mobile to easily access them, since the web app is shit.
I deleted the app, but I also went back and deleted all of my comments across all of my accounts going back 10+ years.
Content (specifically, moderated content) is the entire value proposition for reddit or any social network. Everything reddit-the-company does is based on serving up that content, which their users generate and moderate for free. Anything else is just trying to cash in on that. I ended up deleting tens of thousands of posts because I don’t want to add value to a service that I wouldn’t even think about supporting.
also a reminder that they had nfts for like an entire yeat.
Today's online communities are not like this. They are trapped inside apps and platforms, where they do not have independence or control anything of value. This limitation makes them second-class citizens, unable to chart their own destiny on the Internet.
Hilariously tone-deaf
It is time for communities to break free of walled gardens
Lmao how can they say that with a straight face
Yeah and then in the next section they reveal that you have to use to official Reddit app to even be able to do anything with your points. It's a joke.
I immediately left after reading that. Whatever they have to say, it can't be anything reasonable.
They forgot the Reddit /s
Am I the only one that used Reddit till just recently and has no idea what coins or awards are, or what purpose they served?
No you're not. I mean, I know these things existed, but I had never made any effort to use them or even find out how they worked.
It's a lot like Duolingo I think. The core functionality of the product is there and is good, but they insist on shoving coins and gems and new avatars down your throat. I don't care! I just want to study a language or discuss a topic. Good lord.
I used reddit for almost 9 years and aside from reddit gold, I had no idea what the modern awards did / can't even see them on my (now depreciated) app.
Had to get blockchain in there somewhere to appeal to the idiot investors.
I had to keep reminding myself that it’s August, not April 1st. This is asinine.
Embarassing. Does anyone in Silicon Valley have original thoughts anymore?
Oh sure, if you mean original evil thoughts
Rest in piss. "Got out at the right time" is underselling it.
If this were written by anyone else, it would read as an absolutely sarcastic and ironically self aware lampoon-esque post
Got an email from Reddit the other day telling me to "spend my Reddit coins while I still can". It reminded me that I still have a Reddit account, so I just login and delete it (mass delete all my posts and edit all my comments since July).
Great, crypto shit, what's next?
More crypto shit?
Instant eyeroll when I got to 'blockchain'.
I don't even understand the problem they are trying to solve? The only way we are 'second-class citizens' is how the reddit admins treat their users.
Redditors are second class citizens because they aren't the paying customer.
This ain't some big secret. As usual, follow the money, and you'll quickly find that all of Reddit (the company)'s actions, are perfectly rational and expected.
I think a lot of Redditors are just not ready to accept that. Pikachu face.
Lmao
Today's online communities are not like this. They are trapped inside apps and platforms, where they do not have independence
Trapped in apps like the official Reddit app? Because they ruined 3rd party apps? What are they sniffing over there, the trapping of communities is their own doing.
I'm done with reddit, so either way I don't really care. Tbh I don't think this will necessarily be a dumpster fire. It might even be interesting, depending on the specifics of this implementation. It's probably fueled by higher ups hearing hype words like blockchain. My expectation is that things will mostly just continue as normal, but now the management and CEO's etc can masturbate to the idea of having a blockchain application.
Yeah... It's about "freeing yourself from Reddit's control"
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Can crypto fucking die already?
A crypto scam? All this was building to a crypto scam? They burned Reddit to the ground to pump some shitty Redditcoin going into the IPO?
I expect nothing and I'm still let down.
They could still pull another Twitter move and change the name to something like fukit or whatever.
also a reminder that they had nfts for like an entire year
I didn't realize they stopped; what happened? I don't remember hearing a hodler outcry.
They just told everyone they were giving them a new profile picture and at the end they said "here's your nft, enjoy!", Like that matters.
I had the default non-avatar and didn't care enough to remove that avatar they gave me.
I would assume no one tried to buy or sell the fully things, so not much money was stolen from people through that, so not a lot of people complained. I guess the lack of opportunities to grift with those is why they would have stopped.
wow, thats impressivly tone deaf. "break free from walled communities, with our walled community! you will be free to do what you want with your community points, inside this one community you cant remove the points from!"
It's to attract low-information TikTok/YouTube/Instagram users, maybe? That kind of crowd.
Maybe, but i could see reddit being just so far behind the time, and so interested in forcing "features" that make them money.
I have no doubt this is going to drop their revenue further.
It says you get them by contributing, so like 10 people are going to own 80% of all the coins on Reddit.
10 repost bots will own all the coins
Honestly if the coins are tradable on an online market for real money, I'll also be setting up repost bots. Might as well make money while you can.
reddit being reddit
So it's basically Reddit NFTs. Let's just call it as it is.
It is time for them to take back ownership and control. It is time for a change.
Lol. You're still on Reddit. You're not controlling shit.
As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities.
You don't own it, it's made by Reddit, distributed by Reddit, and only useful on Reddit and not anywhere else. What's the meaning of decentralization and ownership if it's only useful in one place?
So it's basically Reddit NFTs.
Nah, it can't be an NFT with a cringy picture of an anthropomorphic animal and/or Trump attached.
Nah this isnt NFTs. They already introduced NFTs a while ago with their shitty profile pictures that are as shameful to own as a blue checkmark. This is them trying to introduce their own crypto currency after the market already crashed lol
Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.
100% guaranteed.
I can hardly wait for someone to find a vulnerability in their blockchain implementation that allows community points to execute arbitrary code.
I don't if I trust crypto man now if they were paying in nfts which are totally lagit I might consider it
Too much text to just say that they are doing their own NFTs
Thanks for the TLDR, i won't read all that shit
The people are gonna love this as much as the Metaverse
I see Reddit's solution to the class problem they created on their platform is to checks notes create another class problem.
It is all about content and bragging rights. Everything else just distracts.
People consume media for fun.
People create media for feedback.
Feedback can be Upvotes, Money or stupid hats.
Your community is your live blood.
Everything else doesn't matter.
So this explains why they didn’t force Reddit premium for third party access. It was an obvious way to generate revenue, want API access become a premium user.
They had a whole new way of raising and paying out. Crazy.
Yeah. Wild. The difference is the premium for API access would have actually brought in money.
Good lord. They've looked at the last few years of crypto and thought..."Yeah, that looks like a good way to do things! What could go wrong?" What a ridiculous scam. The fact that the Cryptobros at /r/CryptoCurrency are excited tells me all I need to know that this is a scam.
I am so glad I made a bet with a friend about reddit being much smaller or dead in 5 years, it just keeps getting better for me.
This seems quite silly.
In case anyone missed it, it will cost 1000 Community Points or, more importantly, $5/subreddit to basically get some sort of "subreddit premium" status. The $5 is for users who don't accumulate 1000 CP's per month to retain their subreddit-premium status.
Ignoring the blockchain and NFT noise. I always feel like gamifying these concepts of "elevated status" eventually contributes to toxicity and gatekeeping. The beauty of reddit is randomly stumbling upon a person like Unilad or some expert in another field. Not visually seeing a status symbol indicating their expertise, but purely via the democratic system of anonymous voting.
Agreed. My own issue with voting is people vote to indicate agreement/disagreement and not for the quality/effort of the post, which was the original intent of up/down votes from what I understand.
This reads like the propaganda of a MLM church.
Yes, get the internet back to the people, with money, but we don't call it money. Also you were free to go and do what you want but we took this away, see you're restricted, but now we give this option back, well ...only partly because now it's soaked with money, we mean community NFTs. Isn't this fucking exciting!!!!?? We make a shit ton of money, I mean... You will make money! Yeah! Get into the group!
For some reason this post is being showed in Portuguese to me
Maybe is the Jerboa app interacting with my brazillian lemmy instance, or is the reddit link recognizing the request came from a brazillian ip?
Pretty interesting interaction.
Mine is in German and I'm an American who does not speak German. At least not that fluently. I am using Jerboa.
Today's online communities are not like this. They are trapped inside apps and platforms,
How ironic... Reddit trying to lock me in was the exact reason why I stopped being active there....
Fucking Gobbledygook
In the real world, communities are independent entities, free to choose where and how they hang out. No one tells them what to do or where to go.
I guess the people who run Reddit really think none of their audience was educated by say... Snoopy.... or seen a "no skateboarding" sign in their life. You can just hang out anywhere IRL!
Interesting idea but it's still too close to the reddit platform. Looks a lot like reddit gold, except you can take your 'gold' elsewhere. This is a cool idea, despite the knee jerk reactions in this thread.
It's a partial step towards a DAO, but looks rushed, half baked, and done for the wrong reasons. Some reddit profits will trickle into this currency. If they wanted to provide actual benefits instead of just making themselves rich they'd distribute profits to CP holders and allow CP holders some governance roles site-wide instead of being boxed into a community. Serfdom vibes.
Lol it's called CP!?!!??
Lololololllloloollo fucking CP
no crypto bullshit is interesting
What about this "idea" is cool? Karma farmers will become crypto miners and nothing else changes. You don't "own" anything that is in the blockchain, especially not your reddit community (as seen with the protests in June/July).
Being able to spend money. I don't know what will happen with farming and other things but the premise is the same as any other form of currency. Provide value, get rewarded, buy stuff.
I don't think they will be owning anything that's why I mentioned it feels like a serfdom.
There is still strong anti-crypto sentiment in social media so I'm not surprised to get this type of reply but it does seem charged or emotional rather than curious. Is there something about blockchain or digital currency that makes you angry or irritated?
As soon as I saw "blockchain": 🙄
It is time for communities to break free of walled gardens
That's what I did when I came to Lemmy after you killed 3rd party apps you troglodytes. Do you fucktards not even know what a walled garden is?
As blockchain tokens
Thanks I read enough.
Community Points represent a way for Redditors to own a piece of their favorite communities. [...] They can even be used in custom tools outside of Reddit and on other platforms.
How the fuck would this work, I wonder? I tried to read through some but it makes little sense to me. It sounds like putting karma on blockchain and making it into a currency acting as reddit gold.
Rest is just regular cryptobro talk formulated so that Reddit looks like it cares about communities - or am I missing something?
I don't think you're missing anything.
It's just tradable karma on a blockchain.
That is absolutely hilarious. Yeah Reddit, I totally buy that you want internet communities to not depend on platforms like Reddit. This would be totally monetizeable for you, not that you care about monetization and not that monetization has proven to work at cross-purposes with making good internet websites/communities. And once you mentioned blockchain, well that's when I recognized the subliminal cues suggesting a well-thought-out proposal that positively impacts the world.
EDIT: Ugh just saw that again, they just linked an old post, this one apparently from 2021. I don't think it changes things much insofar as they're presumably planning to replace awards with something and this proposal presumably describes it. But I already didn't see them successfully implementing the thing as written, and knowing now that it's from 2021 it just makes me more certain that whatever they roll out is unlikely to be exactly what's described here.
I'd say knowing this was written two years ago makes the text less hilariously on-the-nose but that depends on whether they'd write something different today doesn't it, I'm not sure they wouldn't.
Earn points through generating content and moderation? Okay, sure, why not?
Use those points to weigh votes in community governance? Suuuure, okay I can see how that could be cool.
The points are on the blockchain? Uh… so what’s stopping rich assholes from buying up points and using their capital to take over communities?
If the points are non-transferable then I can see the merit of a points system… but then why would you need a blockchain at all? It’s all still a closed off walled garden despite what they are pitching.
Can someone copy/paste it? I refuse to visit Reddit and give them views.
They have complete control. They can just ban the account who owns the coins, or block them from using it because they are the some platform that it's used on. Even if a user gets banned and gives their coins to someone else, it's trivial to track the blockchain transaction to see which account it goes into and ban that one.
They have just as much control as the old coins, except now it burns 1000x the amount of trees and is crypto scam shit.
This Reddit coins on a blockchain has been happening for a while. The cryptocurrency subreddit had "Moons" for years now.
I sold 110k Moons as soon as they came out, nobody tell me how much they're worth now
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This is how they are going to wash their hand of allowing fascists to overrun their platform isn't it?
FUCKING CRINGE REDDIT, FUCK SPEZ, FUCK REDDITORS AND ALSO FUCK EVERYONE WHO STILL USES REDDIT FOR ANYTHING AFTER THIS!
I can't imagine normal people on Reddit will want to stick around if they're actually going to be hitting you up constantly for NFT MTXs.
You do know what sorts of shit redditors put up with right? They will choose to "protest" like on r/place but they will probably forget about it 3 days later.
Reddit is a part of peoples lives now. Just like how people don't leave twitter, instagram, facebook and all those other sites even after all of the bad shit people like zuckerberg and elon musk did to them, they won't leave reddit.
Who cares? It's a completely different website.
"Who cares about [random thing]?" says man in community specifically created to talk about [random thing].
subreddit will be a DAO basically? A plutocratic system?
In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away.
You mean, like . . . landed gentry?
The way to be independent of Reddit is by having a token on a blockchain maintained by Reddit?
Also an odd statement from a company that just strong armed a bunch of communities into either conforming or having their leaders replaced.
Almost like they’re creating the problem in order to sell the “solution”
Holy shit.
I did not expect the next wave of new users on Lemmy to be happening this soon.
Poor Lemmy servers.
New LemmyFediverse boi since the Great Purge; this is seriously happening again, already? Glad I got out when I did. Compared to the old place, experiencing and interacting with Lemmy is like a calming dip in the Great Link (not a Changeling honest)
Me neither. How long till old.reddit.com goes away? That was supposed to be the next big spike in the Lemmy growth curve.
I can't believe I read that whole thing. I take that back, I can't believe Reddit actually thought this was a good idea and put it out into the world.
At least we got some better mobile apps now. Hopefully Photon gets replaced as a front page on more instances too. That'd get a lot more people to stay.
Same
Oh well, can’t wait for the all new people to come here
Guys, you missed the block chain boat, this isn't going to save your IPO
They'll do something with AI in 3 years or so, if they still exist.
Spez has been jonesing for redditcrypto since 2016.
right? Blockchain is so 5 years ago
Lol
https://youtu.be/YQ_xWvX1n9g
Here is an alternative Piped link(s): https://piped.video/YQ_xWvX1n9g
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source, check me out at GitHub.