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.
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.
Before they killed r/pan, awards above the lowest level used to extend a streamer's time. They also give a period of Reddit Premium (i.e. ad-free, plus a few free coins to give awards yourself) - I've got about another year of that still from a few surprisingly successful streams I did.
Ok but... Who cares? I'm not a youtuber trying to get upvotes and subscriptions for an algorithm so I can get more ad revenue, why would I care about my karma score?
Many subreddits require up to 100 karma to post in them, so your first few weeks using Reddit would be a grind for karma until you reach a comfortable threshold.