This is the best summary I could come up with:
And then there’s coins — the tokens Reddit users previously needed to purchase with real money to buy awards.
As such, the platform is compensating users who had their coin balance removed with a “number of exclusive awards” that they can give out for free.
Instead, users will now need to purchase gold, which starts at $1.79 (or $1.99 via mobile) for 100 gold, and was introduced as part of Reddit’s Contributor Program to award other users with “golden upvotes.” Reddit said the golden upvote “wasn’t as fun or expressive as legacy awards,” and will sunset the system now that the old awards program is back, though eligible creators can still use gold to earn money via its Contributor Program.
Unlike golden upvotes, Reddit says its Contributor Program has attracted plenty of interest and is now being expanded to cover 35 countries.
The company acknowledged user concerns about the potential for the program to be abused for spam, fraud, and karma farming, but says it hasn’t seen an increase in such behavior since the system was introduced six months ago.
So, while awards are coming back, the phrase “thanks for the gold, kind stranger” is still effectively a retired piece of Reddit history.
The original article contains 432 words, the summary contains 203 words. Saved 53%. I’m a bot and I’m open source!
Meh
Quiet falls around the boardroom table. One analyst breaks the silence. “Well, you see, you have investors now. And, well, they’ve kind of noticed that quality of your content is contrastically downhill over the past couple of years”. An unnamed C staffer blurts out “I told you getting rid of reddit gold was a bad idea, let’s just break it back and everyone will come back and contribute again!”
“Genius! Who would’a thought? 10,000 extra shares in your bonus this year!”
lol
Cool, now do the API and I’ll consider not actively avoiding your website.
Nicer in many ways but also less active. I find myself posting a shit ton more just to make the activity I want to see. I made probably less than 50 posts on Reddit in my 11ish years before I left. Now I make that many every 48 hours
Agreed, Lemmy feels like “the old net” in the most refreshing way possible. I haven’t touched Reddit in over half a year and I feel better off for it. Feels like I can actually be myself here instead of trying to walk on eggshells to be part of the hivemind.
I don’t mind him having golden parachute- it is heavier and most likely won’t open.
And they also have to let people use a VPN. And make UI load faster, it’s way too bloated.
Not even the API. Just a usable page that doesn’t feel so broken and bloated.
Did they switch off old.reddit.com in the end? That was the only useful front-end on desktop.
Sort of, you no longer can sign in or create an account without using the new site
So they can train openai on your comments? No thanks. Its done for good IMO.
They’re going to do that regardless, they’ll just scrape instead of using the API.
I want an open API so I can use third party apps. I’m totally fine with them requiring an API token or something with a sensible rate limit to limit abuse by parties like openai (they’ll have to go through a sales contract).
The AI companies will do that shit on Lemmy also. At least there isn’t a far-right Nazi getting money on our user generated content tho, unlike reddit.
The fediverse is an excellent place to find training data for AIs. I would just set up a bot that follows a bunch of people and let them send their data to me, then I don’t even need to bother with scraping.
I’m done for good, myself. Moved to Lemmy and there are far fewer dimwitted Nazis here.
