Oh good. Now they’re literally paying the karma-farming bots to spam recycled and stolen content. That will surely end well.
More karma farming is going to happen.
Convenient (for them) that they start this only after destroying all the coins people earned over years of using the site. I had over 80k coins and 18 years of premium from various awarded posts (all OC) that they just threw away for nothing.
If they respected my contributions, I might be excited about this, but now I plan on contributing absolutely nothing of value ever again.
u/poem_for_your_sprog?
Reddit is getting into money laundering I see.
Caveats: gold is not eligible in NSFW, trauma support, or quarantined subreddits.
what
Probably because they dont want to incentive people to go there and make up stories about in order to get sympathy gold.
I’m guessing they don’t want non-qualified individuals benefiting monetarily from mental health services. I can only assume it’s a legal can of worms.
But not relationship and advice subs?
Why shouldn’t creative writing get benefits?
Hey, at least it should keep the bots out of there, if it offers consolation. I can’t imagine they’re not doing this to cover their butt.
How will they even enforce that?
It’s quite easy to make a list of existing large trauma support subs, just search “trauma” and they’ll probably include the top 3 pages
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Askreddit is fucked, it’s all gonna be botnet perfected variations of “Hey reddit, how often do you sex the sexy your sex?” to earn $30/yr for 6 pages of slop
“Men of Reddit, do you prefer doggy style, missionary, or something else?” by u/BotTiddyGothGF | +34k / 869 comments | 2 hours ago
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Great, now they’ve turned karma whoring into a profitable enterprise. This will surely go well.
- Make two accounts
- Pay gold to your second account
- Super upvote for 10¢
This will definitely not get used to boost shit spammy content. Nope. Not a chance.
It’s 90% cheaper than organic content.
One gold upvote costs $2, the recipient might get either $0.90 or perhaps $1. But most likely they’ll get nothing.
Oh woops, I misread that.
So basically reddit gets a dollar on every gold purchased.The contributor who is (let’s check the prerequisites)in good standing,completed a kyc,has enough karma,and minimum 10 gold to cash gets a whopping 1 dollar per gold.
So, provide a good answer,get traffic to the site and reddit will shows ads on it and also take a cut from any money given to the contributor(s).
I didn’t think reddit could go any lower.Since this is a new low,I am curious how much is this going to ruin reddit(experience).
Does it also not open the door to stolen intellectual property now? Its one thing to repost a meme or use a format for no profit, but if any post garners profit coming off someone else’s creation, would that not be a legal issue?
Reddit’s new Contributor Program will let you cash out gold given to your posts by other users in *real money.
*Reality may vary
I’m suddenly reminded of when people used to give out doge coins as a meme
Doge is awesome though, I made tens of dollars from it. 😁
I really enjoyed the Doge community 7 years ago. It wasn’t serious so the community was actually welcoming. I did make like 5k cause of the musky asshat.
I probably gave out 100k Doge on Reddit back in those days.
It blows my mind that this is both spez and Elmo’s best idea for what to do with their respective hellsites: what if we made a shittier Quora? Because Quora’s such an enviable business, right guys? Quora’s right up there with Apple and Microsoft!
The Metaverse pivot by Zuck was only marginally less stupid. This is why HBO had to cancel Silicon Valley, the show: you can’t parody Sillycon Valley anymore. ByteDance and WeChat are going to devour these clowns alive, now that the money printer stopped going brrr. They never had any plan to ever be profitable. Their business model was just to continue scamming investors with fake users and keep raising more billions, like the Pied Piper bot users. These are zombie companies, propped up by negative real interest rates for a decade. Let them die already.
lol WeChat who has a defacto government granted monopoly in exchange for all customer data being given to the government is going to drive the innovation?
You had me until the WeChat/ByteDance part.
So a user issue 2.50 to buy a gold, then the receiver can cash out 1.00. So Reddit aims to make 1.50 for every gold awarded
Absolute scam
Well to be fair, before this they got all of the money for a tiny picture. So in that light they scam a bit less now.
But of course this still is a stupid idea which will decrease whatever remaining quality Reddit has even more.
Time to set up that AI chatbot for passive income
They just saw that video on Roblox and said “yeah that sounds great, let’s do that”
They’re just copying Elon. To that end, the already clickbait-filled front page is gonna get worse and engagement farming is going to become as rife as ever.
It’s a desperate and cynical attempt to claw back users who appear to have left en masse after the API changes. Reddit is noticeably less active in smaller subs since July. And the larger subs have more or less consolidated themselves to a few power users.
schrute-bucks would have a higher exchange rate.
What’s the conversion to Stanley Nickles?
About three fiddy
God dammit, no, I said! You ain’t getting no tree fitty, you good-for-nothin’ Loch Ness Monster.
What about Skibidi dollars?
I wonder if they’re all retarded. Like, what do they think is going to happen, there will suddenly be a bunch of totally not Chinese gold farmers posting content?
They may be the stupidest motherfuckers in existentiality.
Just look at Quora, you have your target nationality wrong. It’ll be flooded by Indian gold farmers. The vast majority of Chinese people don’t speak English. China has a parallel, disjoint internet to ours. India has the second-largest English speaking population in the world, due to British imperialism, and no Great Firewall.
Please do the needful.
Yes I have done it sir.
