There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

SuiXi3D ,
@SuiXi3D@kbin.social avatar

Didn’t they like, just enable this feature in the first place? Was it abused by bots that quickly?

morrowind ,
@morrowind@lemmy.ml avatar

No they’ve had it for years, but only in specific subreddits. The the recent money thing isnt block chain based

jordanlund ,
@jordanlund@lemmy.world avatar

Weird this is the first time I’m hearing about community points…

elouboub ,
@elouboub@kbin.social avatar

This is worldnews worthy?

DumbAceDragon ,
@DumbAceDragon@sh.itjust.works avatar

It’s not, but 90% of us are only on here out of spite for Reddit, so any news about how awful Reddit is will get attention.

DogMuffins ,

Well… I must be one of the weirdos who’s here because I like it here (while disliking reddit).

Regardless, just because something will “get attention” does not mean that it belongs in every community.

_haha_oh_wow_ ,
@_haha_oh_wow_@sh.itjust.works avatar

lmao

LostMyRedditLogin ,

Wasting money developing stupid tech fads while complaining about how they’re losing money from third party reddit apps, dumbass spez.

Windex007 ,

The 100,000th company to realize a simple database with a public API already does the thing they wanted to use a blockchain for… For about 1/10,000th of the operating cost.

Do you need to prove immutability? No? Then you don’t need a blockchain.

jmd_akbar ,

But… But… It is the “In” thing… And “In” things are never wrong… /s

Hamartiogonic ,
@Hamartiogonic@sopuli.xyz avatar

Can you agree on a centralized trustworthy authority. If you can’t, you need a blockchain. If you can, you need a normal server.

This is the main selling point of a blockchain, and many people don’t seem to be using it for this reason. I guess being cool is enough of a reason for some people.

Windex007 ,

Reddit could not agree on who could be trusted to authoratively state who had how much Reddit karma.

morrowind ,
@morrowind@lemmy.ml avatar

It doesn’t even need to be centralized, we have solutions for decentralized, trustworthy systems as well

athos77 ,

Spez got distracted by the shiny.

autotldr Bot ,

This is the best summary I could come up with:

“Though we saw some future opportunities for Community Points, the resourcing needed was unfortunately too high to justify,” Reddit’s director of consumer and product communications Tim Rathschmidt told TechCrunch.

First launched in 2020, Community Points were awarded to users who positively engaged in select subreddits in order to incentivize better content and conversation.

The points were essentially interchangeable Ethereum tokens stored in Reddit’s Vault, which operated as a cryptocurrency wallet.

Since the points were on the blockchain, the program aimed to allow users to display their “reputation” anywhere online, and could be embedded in other sites or apps.

“Putting all Reddit users on the main Ethereum network, for example, would be infeasible and prohibitively expensive,” the Community Points page said.

In the years since launching Community Points, Reddit has rolled out a number of community incentives like the moderator rewards program and the Contributor Program, which awards actual money by allowing eligible users to convert their Reddit gold and karma into cash.

The original article contains 738 words, the summary contains 162 words. Saved 78%. I’m a bot and I’m open source!

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •