Reddit plans to replace it with something new.

Reddit is removing its current coins and awards system on September 12th. Users will no longer be able to buy awards like Reddit Gold to give to other users’ posts. Reddit says the current awards system is too cluttered and confusing, so they plan to introduce a new simpler system in the coming months that will allow users to reward each other in a more meaningful way. Many users are unhappy about the removal of the awards system without a replacement ready. Some are also frustrated that Reddit is not providing compensation for the coins users have already purchased. While details of the new system are vague, it appears Reddit may allow users to cash out their gold and karma for real money.

  • rnd@beehaw.orgEnglish
    2·
    1 year ago

    Personally I wouldn’t get rid of my primary source of funding without having a ready replacement during a time of financial trouble, but they do them, I guess…

  • Link.wav [he/him]@beehaw.org
    1·
    1 year ago

    First, many don’t appreciate the clutter from awards

    Yeah, because the only award that ever mattered to most users was gold. They messed that up, and now they’re going to mess up even more.

    I used to buy gold sometimes, which was always a waste of money but I could at least justify the $3.99 for the meme or whatever when I really liked somebody’s comment or post, but I never spent a single cent on awards after they implemented the extended rewards system. Those awards were always laughably bad. They even locked some for premium users only. Just absolute clowns running that place.

    • Notnotmike@beehaw.org
      1·
      1 year ago

      I think this is just so funny. They took what was simple, made it way too complex, and are now scrapping the whole concept which has been around for a decade because it’s too cluttered because of the complexity they introduced

    • Jimbob0i0@beehaw.org
      1·
      1 year ago

      Back when reddit premium was a thing I was quite happy to sub to that to pay towards costs, and make use of the benefits like X gold to give people per month and increased sub limits etc

      Then they messed about with all that and I dropped my sub …

      And I haven’t been back since the protests started so 🤷‍♀️

  • douglasg14b@beehaw.org
    1·
    1 year ago

    It would be neat for Lemmy to have something like it. It’s a great way to self fund in an engaging way.

    There probably needs to be a foundation or something that can distribute funds to instances though to prevent heavy consolidation by way of simple popularity based funding 🤔

    • flatbield@beehaw.org
      1·
      1 year ago

      Just no. We already have a money raising method https://opencollective.com. This is how you donate to Beehaw and others.

      So go donate and stop free loading if you have not already done so. The challenge is of course that free loading is so much fun.

    • Refefer@beehaw.org
      1·
      1 year ago

      My beef with them is it gives a comment an artificially high “vote” which tends to dominate the discussion (people feel it’s a higher quality comment point), even if the content on its own doesn’t merit it.