this post was submitted on 13 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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I feel very safe in saying that even if you're able to generate enough positive response to be a part of this program, it will not be in any way worth your time to do this for the money. I'd be incredibly surprised if you managed to pull in even a reasonable fraction of minimum wage, and if you're doing it for money and not because you enjoy the participation, it'll be worse than just putting in extra time at your job in all likelihood.
That said, you do you.
Not to mention, it will require attached a name and bank account to your reddit handle. This is the real trojan horse here I suspect. Reddit's ad impressions are probably less valuable than other social media because of the pseudo anonymous nature of the platform.
Yeah, I don't see how anyone other than repost bots, serial reposters and karma farmers will benefit in any meaningful amount.
The question for me is, how are they going to stop the grains of rice?
Not to mention the psychology study that showed kids paid to draw were less likely to draw spontaneously.
“Supplementing” an intrinsic motivation with extrinsic reward destroys the intrinsic motivation.
Of course the knobs that run reddit probably don’t understand what intrinsic motivation is or how anyone could make choices based on anything other getting paid to do something.
It’s an absolutely terrible idea for a thriving community of creators working for free, to start paying them. Like the science says “this kills the platform”.
I like writing stupid Reddit comments. If they want to pay me to do it, now matter how much or little, that’s more than I’m getting paid to shoot the shit in my downtime anywhere else.
But “residuals” are where it’s at. Old comments that never die because people keep gilding or replying. Views on that content can be (and we’re dealing with Reddit, so they very well could screw it up) turned into ad dollars. Companies are turning more of their tv ad dollars to social media.
Idk. I don’t disagree, but I think the cynicism may prove wrong here. But the cost of participating is zero if it turns out I get residuals on a comment I wrote 9 years ago.
The quickest way to take something you enjoy and turn it into something you don't is by making it a job.
Based on their early description of the feature, you can't just rely on residuals to make money. You have to be getting a critical mass of upvotes and gold (which is an interesting inclusion given they're pulling awards - they either didn't think it through all the way and redesigned it already, or they have some other method for how that'll work) each month to even qualify in the first place.
Haha good life advice nonetheless
I bet new Reddit gold is going to be their crypto platform that runs on Ethereum. Just a guess.
That's probably a very good guess, based on their recent adventure into NFTs. It's like they're living in the internet from 2019 and are slowly struggling to catch up to reality not realizing it's already moved on.
The cost of participating is that you have to give Reddit your identity, complete with bank account and tax information.