this post was submitted on 15 Jul 2023
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My belief is that they want to tokenize Karma and any other reward/currency will compete against their new tradable currency.
I believe they had already said years ago that the r/CC moons was a test run for something site-wide.
Personally I made $300 after moons first tanked, just from some lame comments in the subreddit that was ruined by the scheme.
I will likely use my 150k+ Karma account for profit if this happens and it won't be for the benefit of the community like the last decade of my activity used to be.
Lemmy is now where I participate in a positive way.
Because the karma whoring wasn't bad enough as is. What could possibly go wrong with a scheme like that?
But if they want to throw a bit of money my way to quit, I'm not going to say no either...
What is better than karma whoring? Gallowboobs in industrial scale
The best part of Lemmy is that there's no Gallow on here.
Precisely, karma whoring was already rampant and detestable.
reddit's oldest profession
Talk on the main post on Reddit that discussed these changes is that some of the API change documentation included information on what change will actually happen now that they're sunsetting coins. Tipping replacing coins and karma having monetary value. If thats true Reddit is truly dead. Read that post and made a Lemmy account!
Yeah, I have a feeling, just based on the fact that I've had a lot of posts do really well, that I could make some money from Reddit if they do that.
But I'm not greedy. I'm not rich either, but fuck them, I wouldn't participate if they asked me.
Take the money and donate to Lemmy? Idk, the way I see it, money in your hands is better than money in Reddit's hands. Your karma is going to be there anyways, the difference is merely deciding whether Reddit gets to keep the money or not.
It won't be retroactive, I'm sure. In order to do that, I would have to go back to being an active Reddit user, which I will not do. I am done with Reddit.
I think that they're going to tie it to corporate sponsorship. Instead of some generic "take my energy" token, they'll charge companies for their logo to go into a karma award, and so instead of a generic award you pay for, it's an award that another company paid reddit for as a form of advertising (probably with some terrible logo or slogan attached to it) AND they'll make you pay for it to give it to others. Why have something they get paid for once when they can have something they'll get paid for twice?