Looked it up, apparently someone datamined something out of the app that said you could earn money for getting karma/gold on posts.
Fake internet points are finally worth something!
Now redditors can earn real money for their contributions to the Reddit community, based on the karma and gold they've been given.
How it works:
* Redditors give gold to posts, comments, or other contributions they think are really worth something.
* Eligible contributors that earn enough karma and gold can cash out their earnings for real money.
* Contributors apply to the program to see if they're eligible.
* Top contributors make top dollar. The more karma and gold contributors earn, the more money they can receive.
This is absolutely going to get gamed to hell if it really happens. It also reeks of desperation.
If they aren’t going to pay mods who are they planning to pay to make sure bots aren’t gaming the system? This is going to fail hard and we’ll see another influx of disgruntled migrants when they take it away.
It’s also guaranteed to be subject to mod corruption. You think a mod won’t remove posts so their’s or an alt/friend hits top page more frequently? Not that I think most mods and users are that kind of person, but capitalism corrupts, and a lack of profit motive was a huge thing that kept most communities together and friendly, because karma was basically just monopoly money.
Genius, a direct financial incentive to maximize the imaginary internet points, surely there’s no way this will just make karma farming bot problem so much worse.
You can check this link for a better understanding.
In addition to this, companies also sponsor influencers. So people naturally will try to gain attention, which means they’ll do anything and post garbage content.
Looked it up, apparently someone datamined something out of the app that said you could earn money for getting karma/gold on posts.
Fake internet points are finally worth something! Now redditors can earn real money for their contributions to the Reddit community, based on the karma and gold they've been given. How it works: * Redditors give gold to posts, comments, or other contributions they think are really worth something. * Eligible contributors that earn enough karma and gold can cash out their earnings for real money. * Contributors apply to the program to see if they're eligible. * Top contributors make top dollar. The more karma and gold contributors earn, the more money they can receive.This is absolutely going to get gamed to hell if it really happens. It also reeks of desperation.
If they aren’t going to pay mods who are they planning to pay to make sure bots aren’t gaming the system? This is going to fail hard and we’ll see another influx of disgruntled migrants when they take it away.
This is Reddit we’re talking about here. You pretty much get three outcomes:
People want the feature
The feature happens at all
It’s given the proper amount of thought and oversight
Pick 1
It’s also guaranteed to be subject to mod corruption. You think a mod won’t remove posts so their’s or an alt/friend hits top page more frequently? Not that I think most mods and users are that kind of person, but capitalism corrupts, and a lack of profit motive was a huge thing that kept most communities together and friendly, because karma was basically just monopoly money.
And it’s US only. Great idea to encourage the site to have an even more US-centric point of view on everything.
I give it a few weeks til they announce reddit coin or something ridiculous.
Your votes become karma which you can exchange for reddit coin. Or buy! Or trade to use to promote your posts!
It’ll quickly become the newspaper. We all know how well they’re doing.
They already announced that they are doing away with awards and gold. So I think you’re right.
Genius, a direct financial incentive to maximize the imaginary internet points, surely there’s no way this will just make karma farming bot problem so much worse.
Capitalists are so fucking dumb.
I’m sitting here trying to understand what they think is going to happen with this.
You ever heard of the cobra effect
i sort of want to signup just to see if they’ll let me in, i accumulated a lot of karma due to loneliness
but this inevitably opens things up to sponsored posts right? having this sect of posters means they have an audience
So what Instagram did? They monetised Reels.
And we all know what shitty place Instagram Reels is, well in my country it is.
I haven’t touched anything to do with Meta since I quit Facebook in 2016. What’s Instagram reels?
Short vertical videos that are up to 60 seconds long.
Damn you must’ve noticed someone doomscroll on Instagram.
So they saw what Vine/TikTok was doing and did the same thing but worse?
It’s more like snapchat stories, they last for 24hrs usually
You can check this link for a better understanding.
In addition to this, companies also sponsor influencers. So people naturally will try to gain attention, which means they’ll do anything and post garbage content.