The new system to replace Reddit coins and awards is here. You got out at the right time.
The new system to replace Reddit coins and awards is here. You got out at the right time.
Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There's way too much to process here. This is going to be wild.
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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?
The thing about "blockchain" that makes me irritated is that it's a pretty rarely-useful data structure and the word is elevated as this magical new technology that will revolutionize everything.