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That is absolutely hilarious. Yeah Reddit, I totally buy that you want internet communities to not depend on platforms like Reddit. This would be totally monetizeable for you, not that you care about monetization and not that monetization has proven to work at cross-purposes with making good internet websites/communities. And once you mentioned blockchain, well that's when I recognized the subliminal cues suggesting a well-thought-out proposal that positively impacts the world.
EDIT: Ugh just saw that again, they just linked an old post, this one apparently from 2021. I don't think it changes things much insofar as they're presumably planning to replace awards with something and this proposal presumably describes it. But I already didn't see them successfully implementing the thing as written, and knowing now that it's from 2021 it just makes me more certain that whatever they roll out is unlikely to be exactly what's described here.
I'd say knowing this was written two years ago makes the text less hilariously on-the-nose but that depends on whether they'd write something different today doesn't it, I'm not sure they wouldn't.