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Reddit enrages users again by ditching thank-you coins and awards
(www.businessinsider.com)
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this post was submitted on 15 Jul 2023
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did they just... k kk kill a source of... i in income?!?!??!!
I think that reddit's "going public" guru squad doesn't want redditors to be able to have any control on what content is pushed to the top of the queue. That is just a guess, though.
Then why don't they just alter the algorithm or remove any coin-related influence? The average redditor does not care/know that gilded posts reach the top.
Because it causes engineering overhead that perhaps no one there wants to do. And when reddit gets its IPO it will no longer give a hoot and an half about the "average redditor" because profit suddenly becomes the only thing that matters to shareholderds.
What I am saying is that the visibility that coins make is prolly not inline with the people that want to use reddit to push products, shows, and ideologies for profit.
It is just about control.