Hey everyone it’s u/spez here! Since the 00’s Reddit has always been about our community and we wouldn’t be here today if not for all of you posting content everyday 24/7.
We have grown quite alot (I just brought a pool table for the snoo room yay!) so we are reworking how users submit content to Reddit :)
The Plan:
Users can still submit content but only posts from premium accounts will be seen by other users. You can still share a link to your post directly and people will be able to see it if it’s not removed but for your post to be seen on r/all or on your subscribed subreddit you will need premium.
Since we’re on the topic of premium you can now purchase premium through NFTS! Now when you spend money on a SnooFT you will receive premium! (Oh yeah :D)
Me and the team will host an AMA soon answering some of your questions.
I've got a few reddit coins from when someone gave me gold. Is there a way I can fuck over reddit or promote the fediverse using them before they time out?
Can someone explain to me why them removing these awards is pissing people off? I used reddit everyday for 13 years until all this shit went down. Never once cared about gold or whatever. Why does it disappearing matter to people? Just because they like to flex having it?
I’m with you on that. Everyone always joked about how dumb it was. My guess is the people that are mad are the ones who took that seriously and dumped a bunch of real money into buying a bunch of coins they now can’t use. Play stupid games, win stupid prizes. Lol
When your only goal is to get the company ready for the stock exchange listing, you strip away everything you can to save costs and be as profitable as possible, not add features. Especially if you are already known as a fan of how Musk “optimized” Twitter.
Because they are going to create a coin linked with crypto, which is going to give money to people for using Reddit. I like that to be honest. The problem is that Reddit has never figured out how to tell if someone is a bot or not. If bots were bad before, they’ll totally dominate Reddit now. So Reddit will probably release a way to verify you’re human, which ties you to your identity, or to captcha the hell out of posting.
Anyways, for people thinking Reddit doesn’t already know who you are, I invite you to read about online fingerprinting. It’s almost impossible not to giveaway your identity nowadays. You’d have to follow guidelines that would make browsing pretty awful.
They are hemorrhaging users and replacing the missing activity with bots, but the new bots don’t buy gold, so rather than show a month-over-month loss in that revenue stream in their IPO docs, they just cancelled reddit gold.
No more awards and such, I guess. It will be terminated in September. I came across some screenshots of people attempting to get a refund, explaining that they had purchased so many Reddit coins that they couldn’t distribute them before the shutdown. Meanwhile, here I am, observing individuals who possess more wealth in Reddit coins (which hold no real-life value) than I have to buy food for a year. We truly live in a strange world. I don’t know why they decided to get rid of it, but it does seem odd, especially considering there are people who even “whale” within the Reddit community.
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