this post was submitted on 14 Jul 2023
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Reddit is going to sunset its current coins and awards systems, meaning you won’t be able to buy Reddit Gold for posts you like. However, it is working on a new system for awards.

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[–] very_well_lost@lemmy.world 78 points 1 year ago* (last edited 1 year ago) (5 children)

Based on code in the Reddit’s Android app, Reddit appears to be working on a “contributor program” that would let users cash out gold or karma (basically, points you get for posts, comments, or giving awards) they receive into real money.

So rather than start paying the volunteer moderators that keep their site running, Reddit is going to pay the repost bots and low-effort karma farmers? Surely that will improve the quality of content on the site... /s

[–] redcalcium@c.calciumlabs.com 14 points 1 year ago (1 children)

Spez is following twitter's playbook down to the letter. Aren't twitter just starting to enable revenue sharing program with their most popular users?

[–] zeppo@lemmy.world 7 points 1 year ago

It seems like Twitter was basically copying YouTube, which sort of makes sense (Instagram and TikTok also pay people) but I get the impression reddit is mainly copying Twitter.

Spez mentioned he thought Twitter was doing great and wanted to emulate them, which is confusing considering nothing they’ve done has been popular or successful. Mark Zuckerberg said he also was impressed, but with recent events, I think he was psychologically tricking musk, like “you’re doing great! Just keep doing that!”.

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