Reddit Migration

Gold originally was fine imo. Then it got out of control with so many different medals, some free, some cheap, etc. They made it so confusing and basically every post on the front page had some sort of award. They made it confusing and cluttered... At least they realized it was dumb.

So they’re getting rid of coins and awards, but don’t have any kind of replacement actually planned yet?

They should have held off until they knew what the replacement would be. As it is, they’re yanking something that made Reddit unique for…what, exactly?

Not sure why this is a top priority right now, but I look forward to hearing about whatever horrible idea they implement to replace awards and coins.

One thing I’ve seen a lot of is comments wishing that Lemmy/Kbin had support for some sort of gilding. So it’s obviously a feature that people enjoyed using which means Reddit just has to enshittify it. This is the way.

Yeah, just got an email from them stating that (I still have premium from being guilded). Great company management as always.

“Users are leaving? I have an idea! Let’s nuke their coins, that’ll bring them back!”

Was anyone actually spending money on that crap?

Whelp, I never used those things anyway.

To what end, I wonder?

I feel like it has to be financially motivated and the only thing I can think of is they want users paying for premium directly rather than having it gifted from a different accounting bucket. But that doesn't seem like strong enough motivation on the surface.

This seems like the dumbest decision imaginable. Users are flocking to alternatives, many of those who haven't don't trust you, and you're trying to become profitable … so you delete the stuff people paid for without any sort of replacement. What a genius ideaǃ Making the platform less unique and giving the middle finger to the people who give you money in one go!

There's no way a human adult is running this company. It has to be a council of toddlers run by a keyboard-smashing orangutan. At this point, they might as well start encouraging bots and karma farming. Maybe even pay people to do it!

Wait, what did you just say? They might actually do that?

The circus never ends.

Was there any indication something like this was coming?

Also, I only learned last 1-2 months during the API fiasco that Reddit had some weird NFT thing going on.. Are they just trying to find anything that will stick?

It hurt itself in its confusion

Reddit's self-destruction is quite impressive, I'm not going to lie

So first they alienate the people who are working for them for free and then they go ahead and alienate the people who are giving them money for free.

I think part of it is about retention .... retaining all those users, especially those with high karma levels (or at least users who believe they have high karma) from abandoning the site and ending their accounts.

I'm currently in the process of ending my four accounts I have on reddit. Two of them are over 100,000 in karma and when I read this post, the very first thing that popped into my mind was .... HOW MUCH WILL MY ACCOUNTS BE WORTH?

So it's now making me think ... if I can just keep up my account for another while, maybe I can cash in on all that karma I accumulated.

I am sure that many other redditors are thinking the same. The way this reddit admin posted the info is really weird too ... it sounded like some salesman just enticing people into an idea but not fully being able to say much about it and instead making vague suggestions that something big is coming in the future.

I know a sales job when I see one .... and this is a sales job. Many people will fall for it ... if not just to hang on to see if they can at least cash in our something ... anything when the announcement happens.

Say or think what you want about me ... but I'm ending this relationship and deleting my accounts ... I don't trust big corporations to say or do anything that might give me a chance at anything. Any action they elicit from me or any user will be gamed to only benefit them. If not enough people figure that out ... reddit will make bank in the short term and that is all they are counting on.

I wonder if this isn't a rev recognition play. If their accounting rules say they can't take the revenue until the award is issued....I bet there's a lot of money sitting on the table they can apply to their books with this play. It's basically the same play as expiring unused gift cards....

Hmmm. Conspiracy theory intensifies...

(50+ awards right now, but who’s counting?)

Apparently you are, Reddit.