Read all about it at the above link. There’s way too much to process here. This is going to be wild.
deleted by creator
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.
Hilariously tone-deaf
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.
The way to be independent of Reddit is by having a token on a blockchain maintained by Reddit?
Also an odd statement from a company that just strong armed a bunch of communities into either conforming or having their leaders replaced.
Almost like they’re creating the problem in order to sell the “solution”
Holy shit.
I did not expect the next wave of new users on Lemmy to be happening this soon.
Poor Lemmy servers.
New LemmyFediverse boi since the Great Purge; this is seriously happening again, already? Glad I got out when I did. Compared to the old place, experiencing and interacting with Lemmy is like a calming dip in the Great Link (not a Changeling honest)
Yeah same. There are a couple of communities over there that I kind of miss, although one or two of them have been recreated on Lemmy basic nobody posts on the yet, or they get continually brigated.
I need to check out the other servers though. Lemmy is just so far superior to what Reddit was in how it’s fundamentally designed.
Me neither. How long till old.reddit.com goes away? That was supposed to be the next big spike in the Lemmy growth curve.
I can’t believe I read that whole thing. I take that back, I can’t believe Reddit actually thought this was a good idea and put it out into the world.
At least we got some better mobile apps now. Hopefully Photon gets replaced as a front page on more instances too. That’d get a lot more people to stay.
Photon is really amazing. I hope it gets the support and attention it deserves
Guys, you missed the block chain boat, this isn’t going to save your IPO
They’ll do something with AI in 3 years or so, if they still exist.
In a few months all content in Reddit will be AI generated
*weeks
Spez has been jonesing for redditcrypto since 2016.
Well yeah how else is he gonna pay for his jailbait cp
right? Blockchain is so 5 years ago
What are you talking about? By the way, could I interest you in some GameStop stock?
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.
That’s hilarious, when they literally just trapped users in their app and killed 3rd party apps.
In case anyone’s confused about what this is all about:
$5/month per community
It’s easy to miss, but they snuck in that Special Memberships (subreddit subscriptions, which unlock badges and emojis and stuff) cost $5 a month per subreddit, outside of Reddit Premium. You can also spend 1000 Community Points, but if you don’t have the balance and want the benefits, you’ll be giving reddit money.
It feels like reddit has come to understand how much closer redditors feel to their communities than reddit as a whole - reddit is hated, but users still cling to their communities. A sitewide Reddit Premium badge is irrelevant, even repugnant and a badge of shame, but special flairs and features in close knit communities are still desirable.
This is reddit exploiting their users’ relationships with their communities with a stackable 5 buck alternative to Reddit Premium.
Per subreddit?!
ROFL. 🤣🤣🤣👒
Man I remember back in the day when somebody bought me in Argentinium award. I shit a brick when I found out how much that thing cost.
I got a few thousand points to spend on awards, but I never would spend money on an app like that. Such a rip off.
Probably the only smart thing Reddit has done all year. All you have to do is invent some sort of perk for a community and put it behind a monthly paywall. Make it a pooled system with a goal and peer pressure will get you more subs. Discord has been making bank on this concept for a while now.
If they can leverage subreddit tribalism, it might have even have more potential than Discord, which isn’t nearly as interconnected. Or it would have, if they hadn’t hitched this to the blockchain.
spez pulling off an elon lmao
“It is time for communities to break free of walled gardens and take ownership of their existence online.”
So, literally the fediverse ?
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.
Is this a fucking joke
Reading this: are they implementing ActivityPub?
Blockchain
Oh sweet lord, no. No, they are not.
Someone at Reddit had Blockchain missing in their buzzword bingo for 2023, I swear.
I think that’s their point, to sound like the Fediverse but is actually a different way for them to get money and control the narrative. They’re also possibly trying to take away shutting down shitty sites “by giving the communities control.”
LMAO ITS BLOCKCHAIN
we called it, reddit goes fucking crypto bro
Everybody knew the second he started talking to Musk. Burn it down to chase off everyone but the farthest right whose only concern with a platform is not getting banned for the n word, then load it up with buzz words they don’t understand but will worship anyway.
also a reminder that they had nfts for like an entire year
I didn’t realize they stopped; what happened? I don’t remember hearing a hodler outcry.
They just told everyone they were giving them a new profile picture and at the end they said “here’s your nft, enjoy!”, Like that matters.
I had the default non-avatar and didn’t care enough to remove that avatar they gave me.
I would assume no one tried to buy or sell the fully things, so not much money was stolen from people through that, so not a lot of people complained. I guess the lack of opportunities to grift with those is why they would have stopped.
Glanced over it. Complete word salad. Corporate nonsense: baffle them with bullshit.
You get points from communities. These points are stored on the block chain, because why not? The points themselves come from reddit, but the communities distribute them. Since they’re on the block chain, reddit can’t take back your magic bean points or whatever once you get them. Nevermind that they’re worthless and that reddit controls the only platform that they’re even remotely useful on.
For now, Reddit will cover gas costs for distributing Points to users and allowing them to spend Points on features such as Special Memberships.
Emphasis mine. Someone has to pay for it, because that’s how the block chain works. For now it’s Reddit. In the future? Who knows!
How does this benefit the consumer? It doesn’t, really. Potentially it gives posters more control over a subreddit, but looks like mods will still hold essentially all the power when it comes to a subreddit, which is how it works now.
How does this benefit reddit as a business? It doesn’t, really. They’re handing out magic beans with the selling point being that they can’t take them away from you once you get them. It costs them money to do this, because it’s on the block chain as opposed to some in-house database. This replaced coins, right? They killed an income stream and replaced it with an expense.
They get to tell investors that they’re into the block chain when they launch their IPO, I guess. All I can say is buyer beware. Chances are high the powers that be unload their stock options in the IPO hype and then get the hell out of dodge. They might have waited too long, though. The tech bubble deflated, and I don’t know if the books are impressive enough to draw in the big bucks from investors.
If you want genuine control over your community, start one on the Fediverse and self-host an instance. No admins will kick you off since you’re your own admin and head mod rolled into one.
its main value to the owners is that it is a more direct means of controlling user behavior… once they get people used to “real” rewards, they can better use the platform as a means of controlling discourse… which is why the Mukser is doing it on the other thing, and where they got the idea…
they’re trolls… they want to use it to troll harder…
How does this benefit reddit as a business? It doesn’t, really
$5/month per community
You may have missed it, but they snuck in that Special Memberships (subreddit subscriptions, which unlock badges and emojis and stuff) cost $5 a month per subreddit, outside of Reddit Premium. You can also spend 1000 Community Points, but if you don’t have the balance and want the benefits, you’ll be giving reddit money.
It feels like reddit has come to understand how much closer redditors feel to their communities than reddit as a whole - reddit is hated, but users still cling to their communities. A sitewide Reddit Premium badge is irrelevant, even repugnant and a badge of shame, but special flairs and features in close knit communities are still desirable.
This is reddit exploiting their users’ relationships with their communities with a stackable 5 buck alternative to Reddit Premium.
I still don’t really get who gets the money from this special membership? I understand people subscribe to YouTube and twitch personalities because they want to support the creator and they get most of the money, but what incentive does anyone have to buy this community membership here? Is it really just the special avatars/badges/whatever?
Clout in a community they care about. I can’t relate to wanting it, but people buy clout all the time online and in games. This is basically a more personalized Twitter Blue.
This reads like shit. it starts off with this ground breaking tone, then its just crypto bs? and then the article just ends abruptly. The fediverse is the solution to the problem theyre talking about not some shitcoin. sheesh
I’m sorry but this is some dystopian bullshit that’s all centred on the false premise that communities are anything other than the people who choose to count themselves among them and engage in them.
Reddit is just the tool some communities chose to use to gather their members and communicate. That’s it. If a community decides that Reddit is no longer the appropriate tool for the job, they can leave and build their community elsewhere. That may be a bit of an oversimplification, given the resources and tools those communities might lose through the transition, but strictly speaking, Reddit can’t do anything to stop the members of any particular subreddit going elsewhere, and a cryptocurrency absolutely is not going to fucking facilitate the ownership or mobility of a community.
It’s a bullshit form of control that they want their users to willingly bind themselves to. Suddenly you’re not just participating in a community, but you’re genuinely invested, tied to something with a perceived monetary value, that even if you can theoretically remove from Reddit and take elsewhere, won’t have any more value than people choose to place on it, and won’t represent the community that generated it in any meaningful way.
It’s literally “Hey, the more you use Reddit, the more of our crypto you’ll earn, which could be worth more than zero one day! You better keep using Reddit, huh? You wouldn’t want to lose that potential for more than zero eh? In fact, why don’t you encourage more people to use Reddit too? Then they’ll generate their own crypto, and the more people use our crypto, the more it’ll be worth for everyone! See, if you get five more people to use Reddit, and those five people also get another five people each to use it etc etc etc…”
The fuck out of here.
It is time for communities to break free of walled gardens
Lmao how can they say that with a straight face
They forgot the Reddit /s
Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.
100% guaranteed.
I can hardly wait for someone to find a vulnerability in their blockchain implementation that allows community points to execute arbitrary code.
In case anyone missed it, it will cost 1000 Community Points or, more importantly, $5/subreddit to basically get some sort of “subreddit premium” status. The $5 is for users who don’t accumulate 1000 CP’s per month to retain their subreddit-premium status.
Ignoring the blockchain and NFT noise. I always feel like gamifying these concepts of “elevated status” eventually contributes to toxicity and gatekeeping. The beauty of reddit is randomly stumbling upon a person like Unilad or some expert in another field. Not visually seeing a status symbol indicating their expertise, but purely via the democratic system of anonymous voting.
Agreed. My own issue with voting is people vote to indicate agreement/disagreement and not for the quality/effort of the post, which was the original intent of up/down votes from what I understand.
Lmao
Today’s online communities are not like this. They are trapped inside apps and platforms, where they do not have independence
Trapped in apps like the official Reddit app? Because they ruined 3rd party apps? What are they sniffing over there, the trapping of communities is their own doing.
I’m done with reddit, so either way I don’t really care. Tbh I don’t think this will necessarily be a dumpster fire. It might even be interesting, depending on the specifics of this implementation. It’s probably fueled by higher ups hearing hype words like blockchain. My expectation is that things will mostly just continue as normal, but now the management and CEO’s etc can masturbate to the idea of having a blockchain application.
So it’s basically Reddit NFTs. Let’s just call it as it is.
It is time for them to take back ownership and control. It is time for a change.
Lol. You’re still on Reddit. You’re not controlling shit.
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.
You don’t own it, it’s made by Reddit, distributed by Reddit, and only useful on Reddit and not anywhere else. What’s the meaning of decentralization and ownership if it’s only useful in one place?
Nah this isnt NFTs. They already introduced NFTs a while ago with their shitty profile pictures that are as shameful to own as a blue checkmark. This is them trying to introduce their own crypto currency after the market already crashed lol
