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Reddit is killing blockchain-based Community Points (techcrunch.com)
submitted 1 year ago by ZeroCool@feddit.ch to c/snoocalypse@lemmy.ml
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Reddit is sunsetting its blockchain-based Community Points product, the company announced on Tuesday. A Reddit admin (employee) shared the announcement about Community Points, which uses the Ethereum blockchain, on a few subreddits, including r/CryptoCurrency (which had its own “moons” crypto token), r/FortniteBR (which had its own “bricks” token), and r/EthTrader (which had its own “donuts” token).

The value of those tokens has, predictably, fallen off of a cliff, as CoinDesk reports drops of between 60 and 90 percent.

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[-] lvxferre@lemmy.ml 5 points 1 year ago

In another context this decision would be sensible, as Reddit is not in a position to make money out of this.

In this context however it sounds a lot like "wah, the admins took something else from us".

this post was submitted on 17 Oct 2023
104 points (98.1% liked)

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