So…they just bring back how gilding used to work? That’s quite…innovative, for an AI.
Yes, but now it’s less accessible, costs more, and is less transparent so companies can astroturf easier.
But it’s better because they’re totally 100% looking at ways to share the revenue with the communities as soon as possible. Definitely one of the top priorities without a doubt.
i’ll take a fat guess that this “sharing revenue with community” is code word for some crypto garbage
Pfft, crypto would be better than nothing, which is exactly what he means, they’re not getting a thing 😂
Reddit crypto is great! I was foolish enough to purchase Reddit Gold like 10 years ago, now I sold the crypto Reddit Moons for almost the same! (not adjusted for inflation, and it only turned the crypto subreddit into a cesspool, but whatever)
And they also removed all existing gold from accounts in order to replace the system with one near identical.
Why would they even do that T_T.
They vastly overestimated their users’ willingness to pay for content and put up with their bullshit.
I thought that too. And then nothing happened when Reddit killed third party apps. The Reddit userbase will continue to bend and spread. As long as Spez spits on it first, they’ll continue to take it.
nothing happened when Reddit killed third party apps.
Well that’s not true. Reddit is definitely different than it was at the start of the year
I could see cryptobros and the “investing” subs spending a lot on this. They were already buying tons of awards to hype themselves up.
Any unironic circlejerk cult will by buying these and pinning them on each other’s chest, same as the dumbass awards.
I think reddit knows their target audience pretty well; Rubes. That’s why they let all the toxic “stock”, crypto-scam and political extremist subs stay open until the media starts writing stories about them. Gullible idiots spend a lot of money trying to make their opinions look smart and popular.
This will make Reddit a lot of money in the short-term, but probably push more legitimate/casual users away as these “premium upvotes” will surely effect the algorithm and push more nonsense into people’s feeds.
Now that i think about it, this will probably help advertisers and political groups astroturf all of reddit.
this will probably help advertisers and political groups astroturf all of reddit.
So it’ll work as intended then.
The reddit crash in userbase and content quality actually began earlier indeed, with the wsb explosion into big media and the gamestock madness and the influx of a large flock of dumb people hoping to get rich quick.
I think a lot of the quality did move away from there to here. Lemmy should grow, but not too much or too fast. There’s no rush, there aren’t lemmy investors waiting for their double digit ROI by the end of the month.
And you’re vastly underestimating Reddit’s user base’s willingness to simp for porn stars and billionaires.
That’s basically the whole planet’s 12-28 year old demographic, it’s not exclusive to Reddit.
But like why would anyone do that? To see someone else giving someone else imaginary internet points they bought for real money? How doest that justify having to deal with a terrible UI, poor performance and videos not fucking loading properly like it is 2007?
Don’t you lecture me with your thirty dollar upvote
- How is this different from how gold currently works?
- What is that about a $50 upvote?
Back from Reddit, and here’s the deal.
1: based upon your karma earned per week, you get a share of all gold given to your account. They shared only that 100-4999 karma per week gives $.90 per gold and 5000-? gives $1.00 per gold.
This will literally destroy every single community with a deluge of spam. They implied that they had a new spam system but it’s Reddit, so it will be ineffective at best. What, have they been purposefully allowing spam for years to train identification just for this moment?
2: No clue. Hopefully just joking.
The Reddit spam filter is god awful.
Research any product on Google and click on the reddit link. Nine times out of ten, the top comment will be added months, if not years, after the original post. It will contain a link to blogspam and somehow have 50+ points.
It’s clear that it’s just bot accounts. They buy votes and post it so late after the fact because it makes it less likely to be noticed by the mods.
Can you cash out the gold for real money? I doubt it, so it will not be the “poor guy trying to earn some cents” type of spam, it will be the classic redditors trying to farm awards circlejerk which has plagued reddit for a long time
