So...they just bring back how gilding used to work? That's quite...innovative, for an AI.
Yes, but now it's less accessible, costs more, and is less transparent so companies can astroturf easier.
But it's better because they're totally 100% looking at ways to share the revenue with the communities as soon as possible. Definitely one of the top priorities without a doubt.
i'll take a fat guess that this "sharing revenue with community" is code word for some crypto garbage
Pfft, crypto would be better than nothing, which is exactly what he means, they're not getting a thing 😂
They will distribute free gold to mods to give out, like before, only this time it's worth $50! Tempted now?
Reddit crypto is great! I was foolish enough to purchase Reddit Gold like 10 years ago, now I sold the crypto Reddit Moons for almost the same! (not adjusted for inflation, and it only turned the crypto subreddit into a cesspool, but whatever)
And they also removed all existing gold from accounts in order to replace the system with one near identical.
I just hate this corporate talk. I know they are lying, they know they are lying, so why not be honest for a change? That would be the very first step for me to even consider using reddit again.
They vastly overestimated their users' willingness to pay for content and put up with their bullshit.
I thought that too. And then nothing happened when Reddit killed third party apps. The Reddit userbase will continue to bend and spread. As long as Spez spits on it first, they’ll continue to take it.
I'm glad you could make it! I don't really care personally whether 100 people or 100 million people are using Reddit. It's dead and gone to me now.
And we’re a drop in the bucket compared to the Reddit userbase. A rounding error. Some impact we made.
So "wahhh it has to be everyone, immediately, at all once, 100% replacement!"
Dude, new product is in the market and going on fine.
I'm not quite sure that's true. Maybe in raw numbers, but we're a living, breathing base of contributing users helping to keep a whole platform and community alive. It doesn't matter if the Federation isn't purely made up of former Reddit users as we've assimilated. Every contribution we make on this platform is one more that the last one doesn't get. Votes, posts, comments, it's all here and not there. I would very much like us to get to the size where the sports subs are active during game threads, but we're still having an impact.
I can live without the sports subs. In fact Lemmy feels a lot like how Reddit felt around 2010. I wouldn't mind keeping it small like this.
Depends who you ask. Reddit likely didn't notice any difference, but I'd say the difference on Lemmy is quite drastic.
nothing happened when Reddit killed third party apps.
Well that's not true. Reddit is definitely different than it was at the start of the year
Not only that, but the insistence on seeing everything as zero-sum is fucking ridiculous.
“Well we didn’t even take down a massive corporation with an install base of hundreds of millions!! Hmph. Why even bother ☹️”
How old are these people? Are they for real? Lol
It's probably still growing, losing old users and gaining others, to become about as interesting as Facebook has been for over 10 years now.
I could see cryptobros and the "investing" subs spending a lot on this. They were already buying tons of awards to hype themselves up.
Any unironic circlejerk cult will by buying these and pinning them on each other's chest, same as the dumbass awards.
I think reddit knows their target audience pretty well; Rubes. That's why they let all the toxic "stock", crypto-scam and political extremist subs stay open until the media starts writing stories about them. Gullible idiots spend a lot of money trying to make their opinions look smart and popular.
This will make Reddit a lot of money in the short-term, but probably push more legitimate/casual users away as these "premium upvotes" will surely effect the algorithm and push more nonsense into people's feeds.
Now that i think about it, this will probably help advertisers and political groups astroturf all of reddit.
this will probably help advertisers and political groups astroturf all of reddit.
So it'll work as intended then.
Even if the former’s 99%, Reddit does not give a shit as long as they collect the revenue.
This is basically Citizens United for Reddit, but substantially worse because at least with CU, they’re required to disclose donors. Reddit allows these awards to be bought anonymously, so you’re rarely able to understand who is doing the manipulation.
The reddit crash in userbase and content quality actually began earlier indeed, with the wsb explosion into big media and the gamestock madness and the influx of a large flock of dumb people hoping to get rich quick.
I think a lot of the quality did move away from there to here. Lemmy should grow, but not too much or too fast. There's no rush, there aren't lemmy investors waiting for their double digit ROI by the end of the month.
They let basically any sub stay up back then because back they actually cared about free speech. It's around the time they started censoring the platform that it really went to shit, too.
And you're vastly underestimating Reddit's user base's willingness to simp for porn stars and billionaires.
I just glazed over it but I'm pretty sure they took gold away and reintroduced it like this solely to get more people off the old desktop design and onto the mobile app
But like why would anyone do that? To see someone else giving someone else imaginary internet points they bought for real money? How doest that justify having to deal with a terrible UI, poor performance and videos not fucking loading properly like it is 2007?
I feel the same way but they probably aren't targeting people like us. If 95% of people think this change is dumb and don't download the app, there's still 5% of people who'd consider downloading the app and it'd be a pretty significant number of people. It's just my hunch that they removed the original gold subscriptions in order to remove the ability to go ad-free, brought it back as a mobile app-only thing to get more people on the app. IPO is coming up, any padding of the numbers will help, that kind of thing, even if it's only a couple percent
Oh look the guy with the $50 upvote is responding to the guy who doesn't have any karma. Come on!
Back from Reddit, and here’s the deal.
1: based upon your karma earned per week, you get a share of all gold given to your account. They shared only that 100-4999 karma per week gives $.90 per gold and 5000-? gives $1.00 per gold.
This will literally destroy every single community with a deluge of spam. They implied that they had a new spam system but it’s Reddit, so it will be ineffective at best. What, have they been purposefully allowing spam for years to train identification just for this moment?
2: No clue. Hopefully just joking.
If they can convince investors and advertisers that bots are users then they don't care if they have actual users.
Bots not only stole our jobs our shitposts, they're also going to get paid for it. Truly, this is the dumbest timeline
The Reddit spam filter is god awful.
Research any product on Google and click on the reddit link. Nine times out of ten, the top comment will be added months, if not years, after the original post. It will contain a link to blogspam and somehow have 50+ points.
It's clear that it's just bot accounts. They buy votes and post it so late after the fact because it makes it less likely to be noticed by the mods.
Can you cash out the gold for real money? I doubt it, so it will not be the "poor guy trying to earn some cents" type of spam, it will be the classic redditors trying to farm awards circlejerk which has plagued reddit for a long time
And people will pay it. If there's anything I've learned over the past year, no matter how bad things get, some dumbass will pay. 99% of the population could be under water or on fire and that leftover 1% would still have guys trying to buy in game cosmetics and tipping Twitch streamers.
Unlike reddit gold, tipping streamers actually makes sense, though. It's like throwing a couple bucks in the guitar case of a brusker...the person is entertaining you so you give them a few bucks as thanks. I don't do watch streams but I get it.
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This is how I view it too. I rarely spend money on twitch, but a sub or dono to someone who I’ve literally watched for hundreds of hours for essentially free doesn’t really seem like a problem to me.
After taking everything away from what we "earned" for the past years. They're taking more than half of the money of what people pay before giving the rest to the actual receiver and Reddit being Reddit is probably just stop payments at some point and just pocket money. Of course, after a lot of spam and repost bots made some bucks and the climate on Reddit gets worse as bots get more aggressive to beat the other bots.
It is undoubtedly a group of synapses with one about to get a big juicy golden dopamine hit. I feel like that was a spez request to marketing and design departments as a subtle way to laugh at how obviously overboard they can go and people will stay addicted.
I'm curious how the r/conspiracy sub is reacting, or not reacting.
That's a fucking nonsense idea, but how else would they afford the crack that caused that idea to originate?
Amazing. Wonder what new nonsense they'll focus on next to pump up their value for the IPO
Wow they’re just digging upper and upper ain’t they.
Cheers, reddit. Good luck and that.
It's like they're selling NFT's, yet somehow with an even lower value proposition.
"I want to pay money to support reposted content, that was already worthless and mediocre the first time round" — said no-one ever
Wow. They did not confirm the super votes affect the algorithm but if they do that's pretty shocking.