Missed the crypto craze a bit late there.

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.

Apparently, this has been around for ages:

May 28 2020: https://consensys.net/blog/news/everything-you-need-to-know-about-reddits-new-blockchain-based-community-points/

May 15 2020: https://old.reddit.com/r/ModSupport/comments/gk0x6g/could_the_admins_please_explain_this_community/

IA History: https://web.archive.org/web/20230000000000*/https://www.reddit.com/community-points

Discussions of proliferating it and fantasies about the resulting weird exploitation it will enable have occurred as well:

March 17 2023: https://old.reddit.com/r/CryptoCurrency/comments/11tv5vz/when_community_points_are_introduced_to_other/

July 16 2023: https://old.reddit.com/r/CryptoCurrency/comments/151fg8h/which_subreddits_need_to_be_the_next_to_get/

Apparently, they also tried to do this before, almost 9 years ago:

https://www.engadget.com/2014-12-19-reddit-notes.html

https://techcrunch.com/2014/12/19/reddit-announces-redditnotes-a-way-to-share-equity-with-readers/

https://www.theverge.com/2014/12/20/7427491/reddit-notes-announced-give-5-million-dollars-to-users

https://slate.com/business/2014/12/what-reddit-notes-are-their-history-and-future.html

https://old.reddit.com/r/blog/comments/2pt25f/announcing_reddit_notes/

https://old.reddit.com/r/TheoryOfReddit/comments/5fyaec/what_happened_to_reddit_notes/

https://www.fortune.com/2015/01/30/reddit-notes-is-not-going-to-happen/

Kinda puts things in a new light. Ruining the site has always been the plan.

Who cares? It’s a completely different website.

So, they’re saying they’re going to pay people to post and mod, but in a cryptocurrency whose value isn’t listed here? I’ll bet someone’s already coding a whole bot forum to get all the community points.

Rest in piss. “Got out at the right time” is underselling it.

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

That is absolutely hilarious. Yeah Reddit, I totally buy that you want internet communities to not depend on platforms like Reddit. This would be totally monetizeable for you, not that you care about monetization and not that monetization has proven to work at cross-purposes with making good internet websites/communities. And once you mentioned blockchain, well that’s when I recognized the subliminal cues suggesting a well-thought-out proposal that positively impacts the world.

EDIT: Ugh just saw that again, they just linked an old post, this one apparently from 2021. I don’t think it changes things much insofar as they’re presumably planning to replace awards with something and this proposal presumably describes it. But I already didn’t see them successfully implementing the thing as written, and knowing now that it’s from 2021 it just makes me more certain that whatever they roll out is unlikely to be exactly what’s described here.

I’d say knowing this was written two years ago makes the text less hilariously on-the-nose but that depends on whether they’d write something different today doesn’t it, I’m not sure they wouldn’t.

blockchain social credit scores 😭😭😭

For some reason this post is being showed in Portuguese to me

Maybe is the Jerboa app interacting with my brazillian lemmy instance, or is the reddit link recognizing the request came from a brazillian ip?

Pretty interesting interaction.

Great, crypto shit, what’s next?

The fact that it just spits out a CSV in an announcement post per subreddit that you have to manually download and CTRL+F your username is hilarious for a company this big. They couldn’t implement a proper dashboard?

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

I never got into Reddit awards, but I do feel bad for the people that were really invested in them and for the new people that end up on Reddit now.