This is brilliant. Instead of advertisers making sponsored posts that are ignored or trying to sneak an ad into a community, they can outright buy engagement. Utilize subliminal advertising, then advertisers buy their own "tips" (or whatever they end up being called) and they get back a portion of the money spent. There's been an uptick in those types of posts lately and reddit's just leaning into market trends. Not to mention that bots can earn real money by reposting top/all time content!
this post was submitted on 13 Jul 2023
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It’s become clear that awards and coins as they exist today need to be re-thought, and the existing system sunsetted.
Has it? 🤔
As part of this, we made a decision to sunset coins (...) and awards (...)
(...) all awards and existing coins will continue to be available until September 12, 2023.
"sunset".
two months time.
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Reddit is nothing but an another advertising platform now.
I never knew how any of that stuff worked and never cared... until I made a dumb comment and someone gave me an award for it. Dammit, I was proud. But I still feel sour about the API changes, to the point where I don't care what they do. Maybe drive more people out to other platforms. I'd like to see some of my Fandom communities migrate to other places.
Lemmy chads just can't stop winning
So they're sunsetting current payment features, right now, just for the hell of it without having an answer to fix it for months yet?
Good God, they've gone Musk.
Oh yeah! News sites come out and say a reward system is found in the app code and a day later, they come out and say they are taking away features without really giving a replacement.
Another fantastic decision among all other fantastic decisions… if your goal is to destroy the brand.
Wonder if this is connected to that leaked contributor/paid karma thing that got leaked a few days ago
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"Business as usual" lmao what is this then
I saw the writing on the wall when they dropped the occasional free awards.
But nothing would have gotten me to purchase premium so shrug
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Its fine more users on lemmy then
I forgot that giving awards gave the recipient premium. I'm gonna have to use my old coin stockpile then... Hopefully on accounts that don't have premium but are active, to hit reddit in the wallet. 🤔
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"thanks for gold, kind stranger" is no more
I still visit a few subs that haven’t really built a solid community here yet, so I’m still on Reddit a good bit.
You can already see a change in the user base and they way people talk in the comments. Reddit has changed a lot over the years but man, it really seems like most of the interesting conversation has left the site; outside of very niche communities.
Just my 2¢
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In the coming months, we’ll be sharing more about a new direction for awarding that allows redditors to empower one another and create more meaningful ways to reward high-quality contributions on Reddit.
Guess the datamined stuff about cashing out on karma and awards from others is true then. Makes me honestly glad I jumped off of that shit show. There's just no way that isn't going to backfire hard, if we can even call it that, because I guess it will just be by design.
We should add awards to lemmy :,)
Honestly, I'd be really happy with that. Be a good way to help pay for server/maintenance costs. I have no idea how it would be possible to make it work across instances.
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