Any Reddit interns here? Now is your time to shine by adding: join feddiverse, at the end of the intro text.

Corporate centralized social media: advertises “decentralization” through crypto People on actual decentralized social media: “That’s the stupidest thing I heard in the last 2 days”

Too much text to just say that they are doing their own NFTs

FUCKING CRINGE REDDIT, FUCK SPEZ, FUCK REDDITORS AND ALSO FUCK EVERYONE WHO STILL USES REDDIT FOR ANYTHING AFTER THIS!

So they cant take my Reddit coins like they took my reddit gold?

Looks like they want users to buy MeowMeowBeenz

A crypto scam? All this was building to a crypto scam? They burned Reddit to the ground to pump some shitty Redditcoin going into the IPO?

I expect nothing and I’m still let down.

They should put their money where their mouth is - give out shares of their upcoming IPO for Karma. 10000 Karma = 1 share or something like that. If you thought their system was broken before, just you wait!

Called it. It’s crypto.

Step 1. Kick out all the mods from the past 15 years Step 2. Spez temper tantrum Step 3. Give ownership to ??? Mods and content creators??? Or some shit??? Step 4. Pr?f?t???

deleted by creator

Embarassing. Does anyone in Silicon Valley have original thoughts anymore?

It could also mean that reddit could more easily see with whom to replace a mod. I still have to see what the upside is for the user

Interesting idea but it’s still too close to the reddit platform. Looks a lot like reddit gold, except you can take your ‘gold’ elsewhere. This is a cool idea, despite the knee jerk reactions in this thread.

It’s a partial step towards a DAO, but looks rushed, half baked, and done for the wrong reasons. Some reddit profits will trickle into this currency. If they wanted to provide actual benefits instead of just making themselves rich they’d distribute profits to CP holders and allow CP holders some governance roles site-wide instead of being boxed into a community. Serfdom vibes.

Wow. I read through most of the pages. What a convoluted system! Besides several new terms that are interdependent and poorly defined, this scheme is going to be impossibly opaque to users and orders of magnitude more complex than upvote/downvote. I especially don’t like that points are directly related to karma, when karma whoring and botting are prevalent. Last thing we need is karma earning one some measure of influence or control in a community.

They clearly think this is something people will simply get used to should they not enthusiastically embrace it. Why they think that in an era of other platforms dumbing down interaction to nothing more than an upvote I can’t wrap my head around.

What a colossal waste of resources. Thankfully it appears to be opt in by sub for now, though I doubt that will last.