this post was submitted on 09 Aug 2023
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The new system to replace Reddit coins and awards is here. You got out at the right time. (www.reddit.com)
submitted 1 year ago by Bucky@816am.ddns.net to c/reddit@lemmy.world
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Read all about it at the above link. There's way too much to process here. This is going to be wild.

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[–] notnotmike@programming.dev 12 points 1 year ago* (last edited 1 year ago)

Here you go

The Future of Online Communities

Communities are the lifeblood of the Internet. They are the places where magic happens online — where people meet others like themselves, think and talk about the same things, and laugh at the same jokes. From newsgroups and chatrooms and forums, communities have always been the centers of the Internet that draw people in.

But online communities are much more limited than their counterparts in the real world. In the real world, communities are independent entities, free to choose where and how they hang out. No one tells them what to do or where to go.

Today's online communities are not like this. They are trapped inside apps and platforms, where they do not have independence or control anything of value. This limitation makes them second-class citizens, unable to chart their own destiny on the Internet. It is time to put communities in their rightful place as the foundation of the Internet.

It is time for them to take back ownership and control. It is time for a change.

Community Points

Community Points are the first step towards a better future for online communities. In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.

As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities. They are earned by making contributions to the community, like creating content and moderating. They not only represent ownership and reputation within the community, but can also be used for community governance, moderation, and unlocking premium features. They can even be used in custom tools outside of Reddit and on other platforms.

Most importantly, Community Points are a flexible tool that each community can shape to its needs. Each community has its own Points that it can customize with its own name, symbol, distribution rules, and uses. Every community has its own needs and we expect each to use Points differently and in novel ways that help take them to the next level.