this post was submitted on 15 Jul 2023
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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.
Talk on the main post on Reddit that discussed these changes is that some of the API change documentation included information on what change will actually happen now that they're sunsetting coins. Tipping replacing coins and karma having monetary value. If thats true Reddit is truly dead. Read that post and made a Lemmy account!