Comment on Reddit is killing blockchain-based Community Points

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glockenspiel@programming.dev ⁨1⁩ ⁨year⁩ 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.

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