I’m sure they’ll let mods flip a subreddit to paid-only and offer them a cut.

Let them come, they may learn something.

“Karma farmers” is a major reason Digg collapsed and Reddit took its place.

This sub generally isn’t for those who love Reddit.

This is not going over well in Reddit’s comments section.

I hope Lemmy can capitalize on this and convince more users to switch.

“Let’s copy Twitter and Parler, those are soo successful!”

Winning should not be judged within the span of a single month. Much of Reddit’s power users left, meaning the minority that posts the most content was decimated. Reddit will still have lots of traffic but it means they will decline to something where memes are circulated instead of made, like 9gag. That’s not winning by a lot of metrics.

How can you see how many awards youve given out on Reddit?

I cannot imagine that ads do not generate more revenue than me buying Reddit premium and buying coins for awards.

Keep bringing it up. It’s clear that Spez was annoyed and offended by Apollo and we shouldn’t let him drop the topic.

There’s rumors that Reddit may launch some new cryptocurrency. Based on code in the Reddit’s Android app, Reddit appears to be working on a “contributor program” that would let users cash out gold or karma (basically, points you get for posts, comments, or giving awards) they receive into real money.

I don’t want to give Reddit any traffic so I’m reposting the content here:

Hi all,

I’m u/venkman01 from the Reddit product team, and I’m here to give everyone an early look at the future of how redditors award (and reward) each other.

TL;DR: We are reworking how great content and contributions are rewarded on Reddit. As part of this, we made a decision to sunset coins (including Community coins for moderators) and awards (including Medals, Premium Awards, and Community Awards), which also impacts some existing Reddit Premium perks. Starting today, you will no longer be able to purchase new coins, but all awards and existing coins will continue to be available until September 12, 2023.

Many eons ago, Reddit introduced something called Reddit Gold. Gold then evolved, and we introduced new awards including Reddit Silver, Platinum, Ternium, and Argentium. And the evolution continued from there. While we saw many of the awards used as a fun way to recognize contributions from your fellow redditors, looking back at those eons, we also saw consistent feedback on awards as a whole. First, many don’t appreciate the clutter from awards (50+ awards right now, but who’s counting?) and all the steps that go into actually awarding content. Second, redditors want awarded content to be more valuable to the recipient.

It’s become clear that awards and coins as they exist today need to be re-thought, and the existing system sunsetted. Rewarding content and contribution (as well as something golden) will still be a core part of Reddit. We’ll share more in the coming months as to what this new future looks like.

On a personal note: in my several years at Reddit, I’ve been focused on how to help redditors be able to express themselves in fun ways and feel joy when their content is celebrated. I led the product launch on awards – if you happen to recognize the username – so this is a particularly tough moment for me as we wind these products down. At the same time, I’m excited for us to evolve our thinking on rewarding contributions to make it more valuable to the community.

Why are we making these changes?

We mentioned early this year that we want to both make Reddit simpler and a place where the community empowers the community more directly.

With simplification in mind, we’re moving away from the 50+ awards available today. Though the breadth of awards have had mixed reception, we’ve also seen them - be it a local subreddit meme or the “Press F” award - be embraced. And we know that many redditors want to be able to recognize high quality content.

Which is why rewarding good content will still be part of Reddit. Though we’d love to reveal more to you all now, we’re in the process of early testing and feedback, so aren’t ready to share official details just yet. Stay tuned for future posts on this!

What’s changing exactly?

Awards - Awards (including Medals, Premium Awards, and Community Awards) will no longer be available after September 12.

Reddit Coins - Coins will be deprecated, since Awards will be going away. Starting today, you’ll no longer be able to purchase coins, but you can use your remaining coins to gift awards by September 12.

Reddit Premium - Reddit Premium is not going away. However, after September 12, we will discontinue the monthly coin drip and Premium Awards. Other current Premium perks will still exist, including the ad-free experience.

Note: As indicated in our User Agreement past purchases are non-refundable. If you’re a Premium user and would like to cancel your subscription before these changes go into effect, you can find instructions here.

What comes next?

In the coming months, we’ll be sharing more about a new direction for awarding that allows redditors to empower one another and create more meaningful ways to reward high-quality contributions on Reddit.

I’ll be around for a while to answer any questions you may have and hear any feedback!

I think he was blinded by the thought of money. When the media reported that ChatGPT trained it’s models using Reddit comments, he flipped out and rushed to slam the gates shut immediately, while telling investors he had potentially billions of dollars worth of data to sell. When he found out that Apollo app and others sell subscriptions, it’s clear from his comments that he got angry and called them all parasites. He wants to be the gatekeeper of Reddit and become a billionaire with it, but his actions fundamentally misunderstand Reddit and will trigger a mass exodus. The content creators are leaving, and while Reddit will still get traffic the content will become stale and it will be another 9gag.

Just like Mastodon, the discussion of the other sites will fall in a few weeks as better content replaces it.

I suspect half that drop is from me alone, lol.

Reddit lost a LOT of their power users. Even if the general traffic isn’t that badly dented, it means a lot of the best content and conversations will not go back. Reddit will spiral down to a 9gag clone.

That’s misleading, same as when Spez tried to claim that 90% of apps wouldn’t be affected. There’s a pretty big difference between a registered homebrew app and the popular apps with millions of users. These remaining apps were never that popular beforehand.

“Many” options is not true. There’s a small number of apps that are left.