Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.

Reddit enrages users again by ditching thank-you coins and awards::Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.

  • @WiseassWolfOfYoitsu@lemmy.worldEnglish
    56•1 year ago

    I just dumped all my old coins onto comments encouraging people to do chargebacks for any year-long Premium subscriptions since they’re in material breach.

      • @WiseassWolfOfYoitsu@lemmy.worldEnglish
        16•1 year ago

        So when a charge is made against a credit card, you have the option to do a “chargeback” - this is meant to be used for fraud. In this case, the argument is that Reddit fraudulently changed the terms of the program after people had already paid - being in “material breach” means they made a binding promise to provide a thing and they failed to do so. Chargebacks are really, really bad for a vendor. They lose the money, and they get a penalty fee, AND if it keeps happening the credit card processor can crank up their overall fees or even drop them as a bad customer.

    • @TheCraiggers@lemmy.worldEnglish
      2•1 year ago

      Are they really in material beach since the agreement you agreed to by giving them money basically says “coins have no value and we can delete them at any time we want”?

      I mean, I hate Reddit as much as the next guy here but that sounds a bit like doing a charge back because you didn’t win on the slot machine you just pulled.