Reddit kills awards and coins
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...
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I found Reddit Gold and Discord Nitro's gifting systems to be smart ways of monetization.
There are people who, despite what you try, cannot or will not pay you. Gifting allows you to keep the people that positively contribute on your platform while still earning money from elsewhere.
Amazing how swiftly they're progressing with their enshittification. Makes me re-think all those 9 years spent there.
Dont worry... They are replacing this with almost direct monetary contributions.
There was a leak about how contributors will be able to earn money from updoots.
I agree, the "award" systems, are one of the least offensive monetization strategies I've seen.
Keep in mind that awards don't have to behave like Reddit and Discord have implement them. I'm sure there's room to innovate in a community focused manner.
Reddit however, has decided that they need to crush everything and go full Silicon Valley vampire in order to squeeze a lifetime of upper class earnings into a get rich quick payout scheme.