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.
deleted by creator
I’m starting to think Spez is depressed. He probably had visions of being a Billionaire tech bro by now like Zuckerberg and Musk. His only thought these days seems to be how to monetize Reddit, regardless of how he destroys it.
If he’d had any insight, he’d have realized Reddit’s structure wasn’t a good vehicle for monetization and gone the way of Wikipedia/Jimmy Wales. He’d be popular and respected now and probably able to extract a decent living from it.
But his insistence that a square peg be pounded into a round hole will end up with him being neither popular nor respected—and he’ll never sniff that moonshot IPO.
I think the advertising it can do is a perfectly reasonable way to monetize…
Their problem is they want to be some major player and not a “right sized” organization… They want to go public and try to be billionaires and be like elon or zuck, but it’s just not going to be that.
So in their quest for GREED they’ll destroy the very thing that can make them absolute massive amounts of money. It’s crazy how many mega corps have fallen to the same fate.
They should welcome 3rd parties and any other means to see reddit and monetize the advertising… Hell they could even try to work streaming deals with NFL and NBA and whatever… Cowboys games live threads alone have caused the entire reddit website to collapse lol.
SOOO much monetization possibilities in that. And it’s charging billion dollar organizations… not the people that use the service…
Spez is not a good business man
What’s Reddit?
What is Reddit…
… Baby, don’t hurt me! Don’t hurt me! No more!
After they introduced several other awards except gold, the awards completely lost its meaning (and value) in my eyes. I still remember the bliss I felt the day I discovered Apollos “hide awards”-setting.
It wasn’t that bad, gold just signals that the comment is good (intensity), but some of the other awards made explicit the way in which it is good (hue/flavour) e.g. funny, informative, creative, sarcastic…I actually liked the award system (even if I always was a bit suspicious of who was giving them and what their intentions were)
Not even just getting rid of it, they’re retroactively removing all awards already given to posts
WTF? Like, I never bothered with the things, but why would they go to the trouble of stripping them out? Somethings weird about that.
Sounds like they’re just ripping the code out entirely. It’s absolutely insane. At the very least leaving them on old posts should be the minimum.
