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.

Yeah... It's about "freeing yourself from Reddit's control"

Can crypto fucking die already?

also a reminder that they had nfts for like an entire year

A crypto scam? All this was building to a crypto scam? They burned Reddit to the ground to pump some shitty Redditcoin going into the IPO?

I expect nothing and I'm still let down.

wow, thats impressivly tone deaf. "break free from walled communities, with our walled community! you will be free to do what you want with your community points, inside this one community you cant remove the points from!"

It says you get them by contributing, so like 10 people are going to own 80% of all the coins on Reddit.

reddit being reddit

Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.

100% guaranteed.

I don't if I trust crypto man now if they were paying in nfts which are totally lagit I might consider it

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?

Too much text to just say that they are doing their own NFTs

I see Reddit's solution to the class problem they created on their platform is to checks notes create another class problem.

The people are gonna love this as much as the Metaverse

It is all about content and bragging rights. Everything else just distracts.

People consume media for fun.

People create media for feedback.

Feedback can be Upvotes, Money or stupid hats.

Your community is your live blood.

Everything else doesn't matter.

So this explains why they didn’t force Reddit premium for third party access. It was an obvious way to generate revenue, want API access become a premium user.

They had a whole new way of raising and paying out. Crazy.

This seems quite silly.