It says you get them by contributing, so like 10 people are going to own 80% of all the coins on Reddit.
this post was submitted on 09 Aug 2023
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I see Reddit's solution to the class problem they created on their platform is to checks notes create another class problem.
The people are gonna love this as much as the Metaverse
A crypto scam? All this was building to a crypto scam? They burned Reddit to the ground to pump some shitty Redditcoin going into the IPO?
I expect nothing and I'm still let down.
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Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.
100% guaranteed.
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I am so glad I made a bet with a friend about reddit being much smaller or dead in 5 years, it just keeps getting better for me.
wow, thats impressivly tone deaf. "break free from walled communities, with our walled community! you will be free to do what you want with your community points, inside this one community you cant remove the points from!"
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Lmao
Today's online communities are not like this. They are trapped inside apps and platforms, where they do not have independence
Trapped in apps like the official Reddit app? Because they ruined 3rd party apps? What are they sniffing over there, the trapping of communities is their own doing.
I'm done with reddit, so either way I don't really care. Tbh I don't think this will necessarily be a dumpster fire. It might even be interesting, depending on the specifics of this implementation. It's probably fueled by higher ups hearing hype words like blockchain. My expectation is that things will mostly just continue as normal, but now the management and CEO's etc can masturbate to the idea of having a blockchain application.
I don't if I trust crypto man now if they were paying in nfts which are totally lagit I might consider it
So it's basically Reddit NFTs. Let's just call it as it is.
It is time for them to take back ownership and control. It is time for a change.
Lol. You're still on Reddit. You're not controlling shit.
As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities.
You don't own it, it's made by Reddit, distributed by Reddit, and only useful on Reddit and not anywhere else. What's the meaning of decentralization and ownership if it's only useful in one place?
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So this explains why they didn’t force Reddit premium for third party access. It was an obvious way to generate revenue, want API access become a premium user.
They had a whole new way of raising and paying out. Crazy.
Yeah. Wild. The difference is the premium for API access would have actually brought in money.
Good lord. They've looked at the last few years of crypto and thought..."Yeah, that looks like a good way to do things! What could go wrong?" What a ridiculous scam. The fact that the Cryptobros at /r/CryptoCurrency are excited tells me all I need to know that this is a scam.
Today's online communities are not like this. They are trapped inside apps and platforms,
How ironic... Reddit trying to lock me in was the exact reason why I stopped being active there....