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Reddit kills awards and coins
(old.reddit.com)
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this post was submitted on 13 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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If that ends up being true it very well may pull me back to Reddit, but only to write comments that I think people will upvote. When Reddit gave out auto-generated avatars in the past, it gave me one that said it was for writing funny comments that get lots of upvotes, so they must have some logic assessing how the community responds to individual commenters.
I’d still be pissed off about how they rolled out their recent changes, but it wouldn’t surprise me if they actually had a halfway decent plan here but bungled it all by rolling it out too slowly without making it clear how one dot (keeping users in an ecosystem to make sure they see ads) connects to another (creating a community that can support a model to pay contributors).
YouTube pays contributors who attract audiences. Why shouldn’t Reddit? That’s the best possible thing commercial social media can do for its users.
It would change the Reddit community, though. I wouldn’t be there to hang out, I’d be there to work and create content tailored to… what Reddit likes.
But I can’t deny that it would attract my interest.
I feel very safe in saying that even if you're able to generate enough positive response to be a part of this program, it will not be in any way worth your time to do this for the money. I'd be incredibly surprised if you managed to pull in even a reasonable fraction of minimum wage, and if you're doing it for money and not because you enjoy the participation, it'll be worse than just putting in extra time at your job in all likelihood.
That said, you do you.
I like writing stupid Reddit comments. If they want to pay me to do it, now matter how much or little, that’s more than I’m getting paid to shoot the shit in my downtime anywhere else.
But “residuals” are where it’s at. Old comments that never die because people keep gilding or replying. Views on that content can be (and we’re dealing with Reddit, so they very well could screw it up) turned into ad dollars. Companies are turning more of their tv ad dollars to social media.
Idk. I don’t disagree, but I think the cynicism may prove wrong here. But the cost of participating is zero if it turns out I get residuals on a comment I wrote 9 years ago.
The quickest way to take something you enjoy and turn it into something you don't is by making it a job.
Based on their early description of the feature, you can't just rely on residuals to make money. You have to be getting a critical mass of upvotes and gold (which is an interesting inclusion given they're pulling awards - they either didn't think it through all the way and redesigned it already, or they have some other method for how that'll work) each month to even qualify in the first place.
Haha good life advice nonetheless
I bet new Reddit gold is going to be their crypto platform that runs on Ethereum. Just a guess.
That's probably a very good guess, based on their recent adventure into NFTs. It's like they're living in the internet from 2019 and are slowly struggling to catch up to reality not realizing it's already moved on.
The cost of participating is that you have to give Reddit your identity, complete with bank account and tax information.