this post was submitted on 13 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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Reddit kills awards and coins (old.reddit.com)
submitted 1 year ago by gsa32@lemmy.world to c/snoocalypse@lemmy.ml
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[–] dan@lemm.ee 103 points 1 year ago (7 children)

I can only imagine we’re going to see it replaced with something altogether more exploitative.

The admin that posted that has been working on blockchain/crypto/NFT stuff for the last year… I can only imagine they have some awful plan relating to that.

[–] keeeener@lemmy.world 46 points 1 year ago* (last edited 1 year ago)

technically you aren't wrong...

there was an APK teardown once the API changes happened that showed the following information because Reddit broke for a bit:

Android authority page on it here: link to article

Fake internet points are finally worth something! Now redditors can earn real money for their contributions to the Reddit community, based on the karma and gold they've been given. How it works: Redditors give gold to posts, comments, or other contributions they think are really worth something. Eligible contributors that earn enough karma and gold can cash out their earnings for real money. Contributors apply to the program to see if they're eligible. Top contributors make top dollar. The more karma and gold contributors earn, the more money they can receive.

Not just anyone can be a contributor. To join and stay in the program, contributors need to meet a few requirements: Be over 18 and live in the U.S. Only Safe for Work contributions qualify Earn xx gold and karma each month Provide verification information. You must have at least 10 gold and 100 karma to begin verification. NSFW accounts aren't eligible for the Contributors Program

Provide the following information to get verified for the program and start earning: Email Personal Information Tax and bank account information

Once you hit the payment threshold, you'll automatically be paid out via your Stripe account. Approximate calculation before fees. Exchange rate and payment thresholds are subject to change

apparently these are already active in r/cryptocurrency and r/eth or w.e the Ethereum subreddit is...

definitely not looking good and I'm glad I switched to lemmy when I did

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