this post was submitted on 25 Sep 2023
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Reddit will start paying you real money for your karma::Reddit announced a contributor program on Monday, which awards users actual, real money for their fake internet points. Now, eligible users will be able

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[–] Trev625@lemm.ee 81 points 1 year ago (3 children)

"But there are concerns that programs like this can incentivize spammy posting, or 'engagement bait.' "

The cryptocurrency subreddit started this a while back with their Moons and it completely changed how the whole subreddit worked. The monetary incentive seems to ruin any sort of natural engagement.

[–] OldWoodFrame@lemm.ee 44 points 1 year ago

Reminds me of the Behavioral Economics classic case of the daycare that started charging for late pickup. Instead of disincentivizing bad behavior, it assigned a price to a service which people became happy to pay, when prior they avoided doing it due to social stigma.

[–] Tibert@compuverse.uk 9 points 1 year ago* (last edited 1 year ago)

There aren't just concerns, it's a f prediction.

redditors need to earn at least 10 gold within a 30-day period — if they don’t reach the threshold, the balance rolls over. For users with between 100 and 4,999 karma, they will receive $0.90 per 1 gold. Once you earn more than 5,000 karma, you can earn $1 per gold.

[–] ColeSloth@discuss.tchncs.de 3 points 1 year ago

Do you think people will buy gold for spam and click bait, though? It's basically a person paying $2 to give the poster $1. Who's going to give money to clickbait?

What it will do is spawn some heavy, heavy super users that will just immediately post every article as soon as it drops from a swath of different websites in hopes of getting paid.