Reddit could be working on a Contributor program, letting top contributors earn real-world money from the gold and karma they receive.
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“Site I only still care about to laugh at thinks I am going to give it my tax information.” I’ll have to think real hard about that one.
Investors should themselves have a good think about how the CEO that self-reported making zero profit in over a decade as one of the most popular social media sites — a site whose ad revenue has stuttered in the face of what is officially a month long protest — can afford to be handing out money to shitposting bot farms now.
I don’t know, while I won’t be going back there, I can see it help make reddit more mainstream, by attracting influencers. Imagine IG Influencers or Youtubers encouraging people to engage with them personally on reddit. I can see it actually working out alright for Reddit and possibly a small number of already successful influencers and celebrities. I don’t see it making the experience any better for the average redditor, though
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Why do I suspect that, even if one were to spend 8 hours a day on Reddit, making comments that all were gilded, you’d still earn less than minimum wage?
Zero chance this would pay better than even something like Mturk.
And yet, content quality on Reddit will tank even further because people will shitpost for pennies.
because bots will shitpost for pennies
The site will literally be run over with chatgpt bots farming for pennies overnight.
Shows how desperate they’ve become for content creators after the fiasco that was the third party app protest. Like, they’re not profitable yet, and they want to give money away? C’mon already.
Won’t this just cause a ton of spam and meaningless discussions?
Pretty sure that’s exactly what they want. Those are way more neutral/marketable qualities to advertisers than “Sometimes your ad will be shown next to a 10-page, expletive-ridden tirade about poop-knives, and no, they won’t explain what it is”.
Twitter literally just started paying people who tweet, so spez really is just copying Elon.
The real story is they’re getting rid of coins and awards. It’s confirmed by a reddit admin, whereas the cash for karma thing is speculation.
https://www.theverge.com/2023/7/13/23794403/reddit-gold-awards-coins-sunset
So killing a feature before any replacement is ready; cool. I’m sure those who pay for premium and will stop receiving a stock of coins will see a commensurate price reduction. Right?
Copying my comment from the other threads:
reddit started trialing a “Community Points” program in 2019 in /r/ethtrader, /r/cryptocurrency and /r/fortnite , where posters and commenters could earn “Community Points” that were supposedly backed up with crypto that you could eventually cash out. They announced an expansion of the program in December 2021 but, afaik, they never actually did so. Which might have something to do with the fact that one of the /r/cryptocurrency mods made $10,000 by selling community points. I don’t know if the program has actively continued since then; maybe someone who was in the three trial communities can say.
My point is that reddit has been working on something similar to this program for at least five years now. And this article isn’t based on any announcement by reddit, but by someone examining their source code. It’s possible that this code has been present for a while and reddit has leaked it’s existence to try to attract back some of their lost contributors. Or even that it hasn’t been present but they included the old code in the newest app release and then pointed it out for the same reason.
In any case, this article isn’t based on any official announcement, and reddit has been “trialing” a similar program for over four years. I wouldn’t hold out any hope that this actually sees daylight anytime soon, or that it’ll work well if it’s actually released.
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