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.
Community Points are the first step towards a better future for online communities. 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. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.
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”
FYI, this isn't exactly news, it's been publicly announced over a year and a half ago. I'm not a fan of what Reddit's doing either, but after reading this comment section I feel like this needs to be put into perspective a bit.
Holy shit.
I did not expect the next wave of new users on Lemmy to be happening this soon.
Poor Lemmy servers.
Batten down the hatches mateys. Tharrr be a storm brewin' ☠️ 🏴☠️💀
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.
Same
Oh well, can’t wait for the all new people to come here
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.
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.
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."
Like, they're giving users monopoly money, and try to pass it off as control. Like, the fuck are they gonna do with the monopoly money?
Plus imagine if users actually believe the monopoly money is important. We're back on the days of BB Forums where you can make a factual point but oops, you're level 2 and the forum regular (4506 posts) just called you a cocksucker.
Edit: Oh god, the moderator wallet thing. They're letting moderators moderate themselves. This is going to set off a massive amount of infighting as some admins will take the whole wallet and the other moderators will call them out and the seriousness of the whole thing (moderation teams not getting along) will get drowned out with all the people shitposting about fighting for monopoly money.
This is the stupidest thing I've ever read.
Thank goodness, I wasn't the only one. I really thought they were talking about activitypub.
So long as you have Reddit Mobile installed since your vault is tied to it
That’s been their mission ever since they bought and killed alien blue and released a pile of shit in its place. They can’t make a good app so have been slowly tying more and more exclusive features to it, and to new Reddit, hoping that this new shiny useless thing that no one asked for or wanted will get people to use it. I think with interest rates rising, their investors are looking for profits higher than t bills and so this trend that has been going on for the past few years is now kicked into overdrive.
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.
They've updated their preview feature TOS as recently as last month to push forward with avatars and community points, I reckon they're just biding time to sync it with the next bull run to maximise value and heighten chance of seeming like they have genius cutting edge foresight.
The bottom of that's also funny because it makes it clear their smart contract is permissioned and if they don't like what you do with your virtual goods they can remove them from you. Very immutable, wow, such ownership.
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..
Thank you for making this more understandable. It really feels like a "the people who pay us more will have a louder voice" and I am grossed out, if that's the case.
Yeah, I had missed the $5 per month per community part, which does basically boil down to that.
They’re handing out magic beans with the selling point being that they can’t take them away from you once you get them.
And that's not even true in any practical sense. If reddit decides that the token in your crypto wallet is invalid, then it'll stop working on reddit. And since they're the only issuer every possible use is going to be tied to reddit in some sense.
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?
They also said something about community points being usable for moderation/governance. Does that mean people can come in and save/buy enough Community Points to enact a coup?
Like, Atheists could get enough Christianity sub credits and ban all the Christians? Or bigots could seize an LGBTQ+ sub? It seems kinda like a nightmare waiting to happen if so.
I think this also clarifys the mystery of why they said offering the API was costing the too much.
As blockchain tokens
Thanks I read enough.
Hey.... Hey boss. I got an offer for ya. How would you like a crypto that you cannot take off of reddit! Only exists on Reddit. And gives you "exposure."
"All the downsides of any other cryptocurrency, and like all the other ones, none of the upsides! It's redditcoin!" *crowd jeers, C-suites look confused*
Exposure beans! For everyone!
You should continue reading. It's a comedy gold mine.
Ok truthfully I read more, but that's where I was like "That's not going to fly"
Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.
100% guaranteed.
I hope so. It'll be fun to watch.
I can hardly wait for someone to find a vulnerability in their blockchain implementation that allows community points to execute arbitrary code.
After watching the literally insane ACE that speedrunners have been able to figure out, I'm pretty sure you're hitting the nail on the head. Someone is going to get up to some serious skulduggery with this one.
Is this old, or just something that has been in the works for a long time? No one is talking about it on Reddit, so I'm pretty sure that it is old information. This is a post about it from three years ago:
Wow, you are right. The Wayback Machine shows that OP's link is from 2021:
Good catch, I think we've been bamboozled ladies and gentlemen. Well played OP
yeah. this is from when reddit started moon on r/cryptocurrency
Ya exactly, which... I'm curious how they will transition moons and that whole community. There's a lot of people heavily invested in moons.
They have been working on it and experimenting with it in /r/cryptocurrency for a few years now.
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?
Counterpoint: "give reddit money".
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.
So you get points for posting and for moderating. It's this literally being "paid in exposure"? Don't we joke about this all the time how worthless it is?
Oh God, now they've actually monetized all the repost bots. It's like they WANT their site to turn into a bot hellhole.
When you get 100,000 exposure, and there are suckers paying $4 for each, how many USD do you have?
(Spoiler: none, but if you're smart, then you may get USD 200K)
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.
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....
My god, that copy makes me want to vomit. It reads like it was written by an executive in a coke bender.
Community Points are the first step towards a better future for online communities. 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. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.
I can almost hear the zoom call they brainstormed this shit in. This is some PragerU level slime. “Crypto Currency will grant users autonomy that they would otherwise never possess!” Right, anything that can’t be bought has no value. Oh THANK YOU for creating this system where everything is tied to crypto, so we can experience real community again! Finally my voice can be heard. Not like that horrible, communistic, voting system that counts every user equally.
blockchain social credit scores 😭😭😭
Blockchain CP!
Chris Hansen:
Why don't you take a seat over there
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 the blockchain.
Maybe I'll be able to give you reddit gold on lemmy
"We made reddit blockchain crypto NFT ... things!"
"Great, what do they do?"
"Good things! You like good things, right? Think of a good thing. It does that! You'd be too stupid to understand the complicated complexities of the details. Give us your money now."
I like how they stripped communities from their members during the protest but now they are all like "Oh yea... members should own their communities!"
We owned our communities during the protest but they didn’t like that.
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?
It's where the landed gentry lives.
It's where spez goes to look at his special "Community Posts" if you know what I mean
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.
Or just create bots to farm community points and then you don't even have to pay that much at all.
If you get downvoted that means less points at the end of the month so you better conform.
That’s no different to now with Karma. And it seems like this new model doesn’t give them any real money so what’s the incentive to contribute at all?
This system basically encourages karma-whoring reposting behavior that slowly turns Reddit into a TikTok mirror. What could go wrong?
It also encourages the vague rule-making and arbitrary/excessive enforcement so that power mods can farm points. All the things people love about the site!
so what’s stopping rich assholes from buying up points and using their capital to take over communities?
Oh silly boy/girl, that's exactly why it's set up that way. :D
JK. Seriously, though, I doubt reddit cares where the funds come from. Pretty short-sighted to me, tbh. When money takes over, I wonder how redditors will react.
Check r/cryptocurrency for a glimpse of future Reddit. So far it's managed to become a shitpost cesspool.
Can you spend points to get spez fired?
Yeah it's not the worst idea in theory but implementation needs to be perfect. Even if they don't allow token transfers I feel like this will make power users even more powerful without some kind of forced regulation. A repost bot could get the lion's share of tokens and take over governance.
Blockchain never does anything better than any other database, in fact it does pretty much everything worse.
Points for contribution used in governance is begging for trojan horses in marginalized communities
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?
That's the whole point. Want control over a community? Just buy it!
so what’s stopping rich assholes from buying up points and using their capital to take over communities?
Nothing, that's the point :) Rich assholes pay, Reddit makes $$$.
Right, there is a potential path here that could be awesome, non transferable tokens that represent voting rights/karma, and points you can sell that could later be use as "gold" used to be used. But I don't think that's what they are doing
Okay but "In order for contributors to claim the Points they have earned, they need to create a Vault within the Reddit mobile app. When a user creates their Vault, they will receive the Points that they have earned up to 24 weeks (~6 months) before. Points earned but not claimed within 24 weeks will expire." So... Yes, it definitely was about getting everyone to use the shitty app. This is their second wave of that. And also "Moderators receive their Community Points at the beginning of the following distribution cycle. The actual amount of Points they receive depends on how many Points were distributed to users' Vaults in the previous cycle." They are trying to rope in the mods to convince people to join the app.
Wonder what kind of wild exploitation someone is going to come up with, because rest assured this is going to happen.
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!Can someone copy/paste it? I refuse to visit Reddit and give them views.
Introduction
It is time for communities to break free of walled gardens and take ownership of their existence online.

The Future of Online Communities
Communities are the lifeblood of the Internet. They are the places where magic happens online — where people meet others like themselves, think and talk about the same things, and laugh at the same jokes. From newsgroups and chatrooms and forums, communities have always been the centers of the Internet that draw people in.
But online communities are much more limited than their counterparts in the real world. 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.
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. It is time to put communities in their rightful place as the foundation of the Internet.
It is time for them to take back ownership and control. It is time for a change.
Community Points
Community Points are the first step towards a better future for online communities. 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. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.
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. They are earned by making contributions to the community, like creating content and moderating. They not only represent ownership and reputation within the community, but can also be used for community governance, moderation, and unlocking premium features. They can even be used in custom tools outside of Reddit and on other platforms.
Most importantly, Community Points are a flexible tool that each community can shape to its needs. Each community has its own Points that it can customize with its own name, symbol, distribution rules, and uses. Every community has its own needs and we expect each to use Points differently and in novel ways that help take them to the next level.
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.
What the fuck lmao you can't make this shit up 🤣🤣
They literally admitted the problem, but they're doubling down on siphoning even more money from their users instead
lmao that is embarrassing
sadly spez will still make millions from the IPO before he abandons ship, so I guess in the end he still 'wins' at the expense of the users
That's just... embarrassing honestly.
Here you go
The Future of Online Communities
Communities are the lifeblood of the Internet. They are the places where magic happens online — where people meet others like themselves, think and talk about the same things, and laugh at the same jokes. From newsgroups and chatrooms and forums, communities have always been the centers of the Internet that draw people in.
But online communities are much more limited than their counterparts in the real world. 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.
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. It is time to put communities in their rightful place as the foundation of the Internet.
It is time for them to take back ownership and control. It is time for a change.
Community Points
Community Points are the first step towards a better future for online communities. 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. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.
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. They are earned by making contributions to the community, like creating content and moderating. They not only represent ownership and reputation within the community, but can also be used for community governance, moderation, and unlocking premium features. They can even be used in custom tools outside of Reddit and on other platforms.
Most importantly, Community Points are a flexible tool that each community can shape to its needs. Each community has its own Points that it can customize with its own name, symbol, distribution rules, and uses. Every community has its own needs and we expect each to use Points differently and in novel ways that help take them to the next level.
I'm not clicking that shady link.
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.
"It is time for them to take back ownership and control." Funny that this is coming from Reddit. Actually more like ironic.
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.
I see Reddit's solution to the class problem they created on their platform is to checks notes create another class problem.
Community Points
At least the way I see this going.
$$$ ------> Reddit -------> Redditcoin --------> Community coin ------- > Weighted polls in your favor.
Did you see it? Where the money went? It doesn't go to the creator, it goes only to reddit, the person that posts on reddit only gets community points. Which can only be used for "Premium services like a reddit subscription"
Think if twitch.tv basically took all the money you donated to a streamer and only gave the creator "exposure" for his hard work.
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.
The design of this website is trash:
Intentionally broken. You're not meant to use anything but the app on a mobile device.
Intro
ducti
on
They have been experimenting with this on /r/cryptocurrency for a long time. I was a moderator in that ecosystem and am good friends with some of the mods there. I've always been weary of moons, but I didn't think they would actually bring it to the whole platform.
This is definitely a paradigm shift that'll be an interesting dumpster fire to watch.
I work on Ethereum related things full time (and love the core parts of it), but I also, like you, think most crypto stuff is a slimy scam. Stuff like this is exactly why. It's a way for reddit to encourage bots to farm karma for real/fake money on garbage repost content.
I know crypto/blockchain in general is mostly hated in this community, and stuff like this absolutely does not help.
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
Not often has bullshit been so transparent.
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
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.
I wonder if whoever wrote that announcement really doesn't see the irony in what they wrote. Or maybe they do and they secretly hate reddit?
Either way, lollercoaster. Lollercopter. Lollapalooza.
I'm convinced a lot of admins are not happy with the direction reddit is going. You tend to notice it in little things, like them accidentally using old.reddit.com in their monthly newsletter. I'd love to see the shitshow going on behind the scenes.
When I read it, it sounded like they heard everything we were protesting in favor of, harvested all those words, and put it on the press release in order to try to convince some of the people on the edge of breaking free to stay, and maybe entice some of high-karma people who left to come back. All while glossing over that what they're saying is the exact opposite of what they're doing.
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
Ah yes, the good ol' "let's solve this problem with blockchain". I thought we're already past that.
People who have contributed more to the community and earned more Points are able to have a larger say in the direction that the community takes.
When karma-whoring repost accounts have more say than actual community members... What could go wrong?
“Own” your community, but if you blackout or post John Oliver, we’ll take it away from you.
This is pure comedy at this point. I don't have a popcorn bag big enough.
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?
Knew before clicking it'd be crypto crap
Step 1. Kick out all the mods from the past 15 years Step 2. Spez temper tantrum Step 3. Give ownership to ???? Mods and content creators???? Or some shit??? Step 4. Pr?f?t????
Step 3.5 Blockchain!!!!111
Step 3. Pretend to …
Step 5. Cut a hole in a box
Corporate centralized social media: advertises "decentralization" through crypto People on actual decentralized social media: "That's the stupidest thing I heard in the last 2 days"
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.
They should put their money where their mouth is - give out shares of their upcoming IPO for Karma. 10000 Karma = 1 share or something like that. If you thought their system was broken before, just you wait!
tl;dr, it's more crypto bullshit and it requires the reddit mobile app.
Sometimes I wonder if the people who work at Reddit have ever heard of Reddit.
Honestly, they haven't, it's all just corporate managers and MBA's.
Called it. It's crypto.
Adblockers should add reddit.com as a shaddy and unsafe link
Missed the crypto craze a bit late there.
It isn't new, and framing it as though it were seems rather disingenuous.
Archive link from two years ago : https://web.archive.org/web/20211208000349/https://www.reddit.com/community-points/documentation/introduction
thought it sounded familiar. nothing on r/reddit, r/modnews, or r/modsupport on it
This seems quite silly.
Reddit's hypocrisy is mind-boggling!
After proving in recent weeks that 1) they want anything but free and independent communities, and 2) they want nothing more than complete control over their communities and their data, and 3) they have no interest in being an open platform (where are the 3rd part apps? why force the app when you open Reddit in a browser?), they have the nerve to say all this about freedom and independence?
Who believes it? Is this a way to win back lost users? Restore damaged trust? It's obviously not what they say it's about. Companies don't give away freedom, Reddit least of all. There's plenty of evidence for that.
Reddit:
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... It is time for them to take back ownership and control. It is time for a change.
Also reddit: reduces control and takes away options for third party apps
Lmao the crypto bros on reddit are talking about how amazing this is - fucking morons lmao
How do people honestly not see that crypto is a ponzi scheme
Community points=CP? Back in my day, CP was something else
Well, you see, spez was in charge of naming --
I had to keep reminding myself that it’s August, not April 1st. This is asinine.
Holy. Fucking. Shit.
"Own your community with our blockchain bullshit, but fuck you gently if you try to exert any control over it if it works against our IPO."
What a bunch of shitbirds. Fuck me, I'm so glad I'm shut of that dumpster fire. Let 'er burn.
I only needed to see blockchain tokens. No need to know anything else.
Rest in piss. "Got out at the right time" is underselling it.
"This limitation makes them second-class citizens"
You mean like being subject to arbitrary moderator abuse?
Damn that’s just strange. Reddits explanation still doesn’t really explain what “community points” actually do. I don’t really get what their angle is with this.
Why would they do a 180 (from recent policy) and talk about how subreddits should be semi-independent? And are they really planning on making “community points” based off if you moderate and post, rather than paying for them?
Why would they do a 180 (from recent policy) and talk about how subreddits should be semi-independent?
Well, the just dusted off the group of people who could read and do math. Now they have the people who will do what Reddit wants as long as it sounds okay. “These Are People Of Reddit. The Common Clay Of The New West. You Know… Morons”
Why would they do a 180 (from recent policy) and talk about how subreddits should be semi-independent?
PR, PR, PR. They have to tell all the little sheep to forget about that noisy kerfuffle and pile of sheared wool down at the end of the paddock. thats all in the past now. Only look forward to the new and shiny there's nothing else to see, move along! The wolf has your best interest at heart!
Monopoly money for services - if Reddit decides the games over money & board goes back in the box. 😐
Do they not comprehend the irony of this? "It is time for communities to break free of walled gardens and take ownership of their existence online. Imagine a crypto future"
Cmon, grandpa spez... lets get you to bed.
Wow. I read through most of the pages. What a convoluted system! Besides several new terms that are interdependent and poorly defined, this scheme is going to be impossibly opaque to users and orders of magnitude more complex than upvote/downvote. I especially don't like that points are directly related to karma, when karma whoring and botting are prevalent. Last thing we need is karma earning one some measure of influence or control in a community.
They clearly think this is something people will simply get used to should they not enthusiastically embrace it. Why they think that in an era of other platforms dumbing down interaction to nothing more than an upvote I can't wrap my head around.
What a colossal waste of resources. Thankfully it appears to be opt in by sub for now, though I doubt that will last.
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
$0.42 USD as of right now.
You fool, that'd be worth a billion Stanley nickels these days.
The cryptocurrency subreddit had “Moons” for years now.
Wasn't there some kind of scandal a couple years ago where a mod of that sub monetized those "Moons" for something like 10k in cash?
EDITED TO ADD that I found some additional posts about it; looks like people have been discussing the misuse of moons, as well as how moons could be further pushed post IPO as an actual security, for at least a year (the third post listed is 8 days old):
https://old.reddit.com/r/help/comments/p6g7sq/reddit_has_a_rule_against_moderators_making_money/
Aww, poor spez, missed the crypto hype by about a year. They say timing is the hardest part of product management, and spez again proves he is really fucking terrible at it.
It is time for communities to break free of walled gardens and take ownership of their existence online.
Knowing Reddit, this means implementing blockchain technology and crypto shenanigans...and I'm right.
They just took away a shit load of freedom and had a PR disaster, so they're trying to fix by gaslighting us with crypto scam bullshit? God this company can not go out of business fast enough.
Didn't bother reading their entire docs, but this all looks gamified as fuck. I knew this would happen, with these stupid points ingrained in every aspect of the site everything just became predatory and hostile unless you pay. It's literally a game of "free2play" users grinding whatever is needed to get points (which probably is not feasible) vs buying the "special subscriptions".
Then the introduction is laughable, I want to peek into the brains of these mfers who not even weeks ago were taking subreddits from mods by force, and now preach of community independence from platforms.
techbros being techbros, gotta reinvent the database but worse except it sounds cooler (to them)
Ugh, I just left. Why does u/spez insist on coming up with all these shitty monetary schemes???
Bahahaha fucking NFTs, a bit late to the party
From one of the pages describing "reputation":
Governance Polls have a Decision Threshold that they must meet in order to pass. This is the minimum amount of weighted vote that the winning option must have for the poll to be considered approved by the community.
The Decision Threshold is set to a minimum of 10% of Points in a community and is updated algorithmically according to the activity on recent governance polls. As more votes are cast on Governance Polls, the Decision Threshold for future Governance Polls increases.
Governance Polls can be used to change distribution rules for Points or get input on other community decisions, such as content rules or flairs. They are enacted by Reddit in the case of distribution rules and the moderators for rules that require nuanced community input.
I mean, what do you say to this? They've gone completely insane.
It sounds like a poor attempt at money grubbing and a ham-handed way to try to keep subs from doing a repeat of John Oliver, red pandas, and Christian minecraft servers.
If you have shill mods and users who have to spend corporate bucks to get a say in what the sub is about.....that's totally not putting your thumb on the scale or anything.
Truth is sometimes more absurd than fiction.
reddit being reddit
Am I just too old to understand this? I don’t get it at all. Does any of it translate to real money?
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!
I don't if I trust crypto man now if they were paying in nfts which are totally lagit I might consider it
Well to be honest I never paid any attention to the old system either
This is some green bay packers bullshit.
It could also mean that reddit could more easily see with whom to replace a mod. I still have to see what the upside is for the user
I'd sooner trust Cryptoland or Worldcoin over whatever nefarious blockchain scheme Spez has cooked up.
Its built on Ethereum, each community will have a token that runs on the arbitrum L2. Ethereum is one of the most trusted chain in existence, and doesn't burn the environment like Bitcoin.
Look at R/cryptocurrency MOONs which were the test bed for this, it's been in the making for years.
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.
Fuckin' Reddit.
I don't think this is new. Community points have been done for a few years.
Any Reddit interns here? Now is your time to shine by adding: join feddiverse, at the end of the intro text.
What a bunch of fucking assholes.
They're supporting automod matching, so I guess something like this should remove all content from idiots stupid enough to use that thing:
points_balance: > 1 action: removeIs there a thread on it on Reddit? I wanna know what people over there think.
No, because the page linked is years old.
That explains it.
Fucking Gobbledygook
Ick
As soon as I saw "blockchain": 🙄
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.
Lemmy assemble! We need a bot to inflate that shitcoin to death right away, it's Reddit so that can't be that hard to do but definitely very fun!
Thank you!!
GROSS
subreddit will be a DAO basically? A plutocratic system?
