Blockchain is useful, but not in every domain.
Comment on Reddit is killing blockchain-based Community Points
ShittyBeatlesFCPres@lemmy.world 11 months ago
Who could have known by 2020 that Blockchain is shitty tech that doesn’t scale well?
topinambour_rex@lemmy.world 11 months ago
glockenspiel@programming.dev 11 months ago
That’s not why Reddit is ending it. Reddit is copying Twitter and Musk with a “creator fund” revenue sharing scheme. That pivots around paying for subscriptions with real fiat money to have the chance to earn a fraction of the value you to contribute to the site.
And Reddit absolutely will not tolerate a competitor that they run themselves. People were earning hundreds or thousands of dollars worth of moons every month if their contributions really popped off on the CryptoCurrency subreddit.
I had about $600-$800 worth of Moons just from shitposting and trolling and asking clarifying questions. I never made it a priority to engage; it just happened organically.
So naturally Reddit is going to expunge the better version of what they want to implement because they can’t control it.
stevehobbes@lemm.ee 11 months ago
They’re both fucking awful. The everything-is-hustle angle is garbage.
I don’t want people trying to figure out the optimal ratio of low but not too low effort posts to get paid turning everyone into a shill. Chasing karma was bad enough. People chasing money will be worse and less valuable.
Just like Twitter, when everyone is monetizing their posts everything will go to shit.
PrometheusG@lemmy.one 11 months ago
What are “Moons”?
Eiim@lemmy.blahaj.zone 11 months ago
The version of Community Points used on r/CryptoCurrency