this post was submitted on 13 Jun 2023
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The protest will be temporary for some subreddits, but indefinite for others. I don't think that Reddit Inc. will accept the demands; instead it might force the subreddits to open again.
But in the medium- or the long-term, Reddit is over. I don't think that the platform will recover from that. Even the ones left behind will be less eager to contribute with it, so there'll be less content, so less encouragement to browse it, thus less content, in a downwards spiral.
"My drill is the drill that's gonna pierce the heavens!" - Simon.
"My drill is the drill that'll bury Reddit into hell!" - Steve "Pigboy" Huffman.
Even if they do, many of the mods simply wouldn't return to moderate. And as someone else mentioned many of the mods rely on third party apps to moderate efficiently. Without that support the subreddit a will spiral out of control with bots and spam, surely.
Another possibility is that they'll demote top mods from subs protesting, where there's an available sycophant to take their role. Apparently that already happened with r/adviceanimals.
Either way the situation will spiral out of control, because of what you said plus people actively trashing the sycophant in protest against taking the side of the admins. (Plus typical hate against mods. Frankly? Given how power-hungry the Reddit moderation is, as a collective, I get it.)
Plus the content creators themselves are disengaging.