• CrazyEddie041@kbin.social
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    1 year ago

    Oh good. Now they’re literally paying the karma-farming bots to spam recycled and stolen content. That will surely end well.

  • Jordan117@lemmy.world
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    1 year ago

    Convenient (for them) that they start this only after destroying all the coins people earned over years of using the site. I had over 80k coins and 18 years of premium from various awarded posts (all OC) that they just threw away for nothing.

    If they respected my contributions, I might be excited about this, but now I plan on contributing absolutely nothing of value ever again.

  • Aatube@kbin.social
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    1 year ago

    Caveats: gold is not eligible in NSFW, trauma support, or quarantined subreddits.

    what

  • FrankTheHealer@lemmy.world
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    1 year ago

    Yeah fuck all of this.

    Top to bottom.

    This feels like crypto, NFT silicon valley bro bullshit. I just know Spez has a fucking erection every time it gets mentioned .

    Let’s welcome the next wave of Redditors to the Fediverse everyone .

    • dan@lemm.ee
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      1 year ago

      One gold upvote costs $2, the recipient might get either $0.90 or perhaps $1. But most likely they’ll get nothing.

  • GreenEngineering3475@lemmy.world
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    1 year ago

    So basically reddit gets a dollar on every gold purchased.The contributor who is (let’s check the prerequisites)in good standing,completed a kyc,has enough karma,and minimum 10 gold to cash gets a whopping 1 dollar per gold.

    So, provide a good answer,get traffic to the site and reddit will shows ads on it and also take a cut from any money given to the contributor(s).

    I didn’t think reddit could go any lower.Since this is a new low,I am curious how much is this going to ruin reddit(experience).

    • LifeInMultipleChoice@lemmy.world
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      1 year ago

      Does it also not open the door to stolen intellectual property now? Its one thing to repost a meme or use a format for no profit, but if any post garners profit coming off someone else’s creation, would that not be a legal issue?

  • tryharder@infosec.pub
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    1 year ago

    It blows my mind that this is both spez and Elmo’s best idea for what to do with their respective hellsites: what if we made a shittier Quora? Because Quora’s such an enviable business, right guys? Quora’s right up there with Apple and Microsoft!

    The Metaverse pivot by Zuck was only marginally less stupid. This is why HBO had to cancel Silicon Valley, the show: you can’t parody Sillycon Valley anymore. ByteDance and WeChat are going to devour these clowns alive, now that the money printer stopped going brrr. They never had any plan to ever be profitable. Their business model was just to continue scamming investors with fake users and keep raising more billions, like the Pied Piper bot users. These are zombie companies, propped up by negative real interest rates for a decade. Let them die already.

    • stevehobbes@lemmy.world
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      1 year ago

      lol WeChat who has a defacto government granted monopoly in exchange for all customer data being given to the government is going to drive the innovation?

  • db2@sopuli.xyz
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    1 year ago

    Reddit’s new Contributor Program will let you cash out gold given to your posts by other users in *real money.

    *Reality may vary

        • runjun@lemmy.world
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          1 year ago

          I really enjoyed the Doge community 7 years ago. It wasn’t serious so the community was actually welcoming. I did make like 5k cause of the musky asshat.

          I probably gave out 100k Doge on Reddit back in those days.

  • geophysicist@discuss.tchncs.de
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    1 year ago

    So a user issue 2.50 to buy a gold, then the receiver can cash out 1.00. So Reddit aims to make 1.50 for every gold awarded

    Absolute scam

    • Syndic@feddit.de
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      1 year ago

      Well to be fair, before this they got all of the money for a tiny picture. So in that light they scam a bit less now.

      But of course this still is a stupid idea which will decrease whatever remaining quality Reddit has even more.

  • merthyr1831@lemmy.world
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    1 year ago

    They’re just copying Elon. To that end, the already clickbait-filled front page is gonna get worse and engagement farming is going to become as rife as ever.

    It’s a desperate and cynical attempt to claw back users who appear to have left en masse after the API changes. Reddit is noticeably less active in smaller subs since July. And the larger subs have more or less consolidated themselves to a few power users.

  • ikidd@lemmy.world
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    1 year ago

    I wonder if they’re all retarded. Like, what do they think is going to happen, there will suddenly be a bunch of totally not Chinese gold farmers posting content?

    They may be the stupidest motherfuckers in existentiality.

    • tryharder@infosec.pub
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      1 year ago

      Just look at Quora, you have your target nationality wrong. It’ll be flooded by Indian gold farmers. The vast majority of Chinese people don’t speak English. China has a parallel, disjoint internet to ours. India has the second-largest English speaking population in the world, due to British imperialism, and no Great Firewall.