Technology

While reddit makes further enemies, I laugh because I know the #fediverse will benefit from their outflow. The fediverse will become even more diverse.

That company is so badly run it's laughable.

Didn’t Reddit gold start as just a user-run bot, that kept a tally of how many times it had been invoked for any particular recipient?

And then Reddit forced the bot to retire so they could offer a paid version. And now they’re retiring their mandatory replacement. Good job Reddit.

Die monster, die.

My belief is that they want to tokenize Karma and any other reward/currency will compete against their new tradable currency.

I believe they had already said years ago that the r/CC moons was a test run for something site-wide.

Personally I made $300 after moons first tanked, just from some lame comments in the subreddit that was ruined by the scheme.

I will likely use my 150k+ Karma account for profit if this happens and it won't be for the benefit of the community like the last decade of my activity used to be.

Lemmy is now where I participate in a positive way.

This finally pushed me to stop supporting the platform with a premium sub and now here I am, checking out lemmy!

All those users complaining about their coins going to waste and I'm wondering why the fuck you'd ever spend real money on that.
That's like paying for porn.

I said this in another thread - I bet they're going the YouTube route and are going to start allowing content creators to make money.

Might sound good on the surface but it's absolutely going to shred what Reddit used to be. Goodbye discussion forum and hello new social media.

The worst part is they're also removing all of the existing gold awards from old posts as well.

Remember kids, don't let the news tell you how to feel. Watch out for words in the title like "outrage" and "furious". Anger increases engagement and they know it.

on one hand, reddit gold is useless and a waste of money imo

other hand, they just keep going for making the most controversial decisions with zero thought lmao

Are they furious? Sure. But I feel like anyone still on Reddit just doesn’t care what they do, they’ll still be there scrolling.

Just looked and I have 1100 coins. Not sure what from, I've never bought any. Any suggestions for them?

Never mind, I decided I only go to Reddit now for one small, private sub, so I went there and gave awards to posts I thought were good.

They are really trying hard to piss off all their users lol

Here’s what I received today… first time I’ve visited Reddit in over a month:

Hello from Reddit,

We're reaching out because you have Reddit Premium and/or Reddit Coins on your account.

TL;DR: We're making updates to awards and coins on Reddit that we'll complete by September 12, 2023. As part of this, we made a decision to move away from Reddit coins and awards. This includes the 700 monthly coins* and Premium Awards, which are currently part of the Reddit Premium experience.

You'll still be able to use your Reddit Coins until September 12, after which they'll be removed from your account.

Note: all other current Premium perks will still continue to exist, including the ad-free experience.

As we looked at our current awarding system, there was consistent feedback from redditors that stood out – particularly around the clutter from awards and all the steps involved with awarding content. We also learned that redditors want awarded content to be more valuable. With that, we are reworking how great content and contributions are rewarded on Reddit. We will have more updates to share soon.

If you have further questions please check out our announcement post to read more about the update.

• This perk is part of the paid Reddit Premium experience

Yea, my 29.1k coins aren't happy about this change

It’s almost like spez secretly enjoys Lemmy. Doing the work for us.

I just gave away 26 Reddit golds to everyone I liked in /r/RedditAlternatives

Never paid for gold but somehow had like 10 years of it on my 16 year account.

Redditors care about their coins a lot. Not really a shock.

if they continue using reddit

are they actually furious?

Dude, this is just laughable. For those who are left, what are you sticking around for?

Also, here’s my theory: these idiot product managers, fresh outta b-school didn’t think to interview their most engaged users. Instead, they randomly polled people. That’s the only way I can fathom their takeaway from users was “it’s too much clutter” instead of, “this drives engagement”.