- cross-posted to:
- RedditMigration@kbin.social
- cross-posted to:
- RedditMigration@kbin.social
Reddit is ending Reddit Gold and users are furious::undefined
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That company is so badly run it’s laughable.
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Capitalism is fine as long as people aren’t complete scumbags about it. Rare, I know. It’s a human morality proposition.
Capitalism is great, but it absolutely must be tempered by regulation.
The problem comes when the capitalist gains influence over the regulator, aka, regulatory capture.
To be a little more exact, capitalism is great, but only if each person has roughly the same amount of money, no matter what they do. That is what you’re trying to achieve with regulations.
Capitalism could be amazing if the psychos of society didn’t constantly rise to the top then again the same could be said for communism and just about every other system we’ve tried.
That’s because Capitalism rewards exploitative psychos, essentially by design
Any system has to give a group of people some authority to keep order the crazies will eventually work their way in and ruin it.
Doesn’t communism do the same? In fact why the fuck do the crazy psychos rise to the top seemingly everywhere? Is this one of those “nice guys finish last” kinda deals or some phenomenon I’ve never heard of?
Evil only needs to succeed every now and then, good needs to constantly win.
It’s because of the concept of successful ambition correlating with the lack of morals or integrity. It just so happens that people ambitious enough to do whatever it takes to rise through the ranks often have to be necessarily immoral to step on people to get to the top.
People who have others’ best interests at heart simply don’t take advantage of the opportunities as often because a number of those opportunities would involve unfairly stepping on someone else.
So to answer your question, yes, ambitious assholes tend to ride faster and further than good people. Kind of like how a large portion of cops tend to be former bullies.
It’s because people are too focused on who controls the capital and not focused enough on what the capital itself is actually doing.
It doesn’t much matter whether it’s controlled by a Capitalist or a Communist if the person controlling the capital is a fucking idiot. Hell, it honestly doesn’t even matter that much if they’re smart, because the actual driver of growth has always been competition, which is only very indirectly connected to who controls the Capital, largely because it’s pretty much always been taken at the point of a gun for all of human history and likely will be for as long as we exist unless we somehow manage to decide on post-scarcity society rather than infinite growth society.
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Want to say, “Communism” is democratic control of the economy. So ideally there is no “top”.
Using some terms really loosely here to avoid a wall of political theory.
You’re putting the cart before the horse. Capitalism incentivizes people to be scumbags.
So does any other economic model.
That is an absolutely meaningless statement.
As is capitalism incentivizing people to be scumbags, as trendy as that perspective is.
No, the competitive nature of capitalism definitely incentivizes people to do very shitty things to each other for personal gain. Or have you not heard of the Gilded Age? Or our current climate crisis? Or strike breaking? Or the incredible wealth inequality we are seeing today?
[edit] The Irish Potato Famine? The Bengal Famine? Belgium in the Congo? Sweatshop labour? Coups in South America for the benefit of fruit companies? Wars in the Middle East for the sake of oil? Clear-cutting of the Amazon? Any of this ringing a bell?
You can say the same thing about many ideologies: socialism, communism, capitalism. All are great in theory. But humans exploit any system they can. That is their nature and purpose.
Capitalism is awful. It’s madeup unequality
i may get some flack for this but i honestly think reddit had it’s best years when alexis was most involved.
I kind of agree, but it’s also shitty he’s involved with the PGA/Saudis now
Who’s Alexis?
Alexis Ohanian, co-founder of Reddit and married to Serena Williams.
From 2017?
OP mentioned how badly the company was managed. So yea, 2017 saw them take a lot of money, go in a hiring spree… and do jack shit to improve the platform.
Fast forward to now and mods used 3rd party apps to do the job that they do FOR FREE, all while Reddit made… NFTs?
Didn’t Reddit gold start as just a user-run bot, that kept a tally of how many times it had been invoked for any particular recipient?
And then Reddit forced the bot to retire so they could offer a paid version. And now they’re retiring their mandatory replacement. Good job Reddit.
There was at least reddit silver that worked this way.
I thought Reddit silver was just an image a user would post if they were too broke to afford gold.
There was also eventually a bot, before silver became an award.
Well I learned something today.
It also came with a bot
That’s what’s great about all these companies. They take credit for, and try to derive value from, things they didn’t actually create. Reddit keeps on talking about “their” data that was created by users, for free, and moderated by other users, also for free. Yet it’s somehow theirs and they can sell it?
Twitter didn’t invent hashtags. They were user created annd eventually incorporated in to the service.
These services add very little value, but they believe they add it all.
Capitalizing off the backs of Community
Lol twitter didn’t even invent calling it “tweets”, @ mentions, retweets, etc. Like reddit, most of product development past the very basic idea came from the community.
What they’re good at is seeing trends kind of late and then making everyone believe they invented them. They’re quite good at that. Most would call that a grift.
What they should be is platforms and tools for people to interact, with some controls to prevent Nazis and MRAs from ruining things for everyone.
Hashtags were invented by the Twitter community. And the @ sign account linking was invented by Twitter third party apps, which Elon musk killed
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If you get three lemons then you get to have a Lemon Party!
What a great idea. Here’s a lemon for ya 🍋
Don’t lemonade it all in one place 😉
When life gives you lemons, just say fuck the lemons and bail.
But I like lemons!
What about combustible lemons? 🍋🔥🔥🔥
oooh lemon party
Are people really upset about it? To me it was always pointless, and the few times I got gold and was allowed to peek into r/lounge it was just full of the most insufferable users (just people that thought they were special because they got gold).
I think the point is more that it’s something people paid real money for just to have them rip it away with basically no notice and no replacement.
The benefits of receiving it were meh. But it was a way to show recognition for people and supporting the site. One of the few ways they would even receive revenue, for little to no effort. I don’t know why they didn’t just lean into it harder.
That story is so common. They destroyed Secret Santa that way. User-run thing that got some traction so they built redditgifts around it, then decided redditgifts wasn’t sufficiently profitable so canned it and took the user-run part down with it.
I will continue to be bitter about them killing secret Santa. It was such a great tradition, killed off far too soon because it “wasn’t profitable enough”, nevermind that the point of the event is to celebrate the holiday season and the spirit of giving
Didn’t it also start off as an entirely user run thing before Reddit admins took over it?
Yes it did. And then they ran it for a handful of years. And then they killed it. Brutally.
Die monster, die.
Reddit hurt itself in its confusion
Quaff another one… try purple this time!
You don’t belong in this world
What is a man!?
A miserable pile of secrets.
But enough talk. Have at you! wine glass shatters
*tosses wineglass*
But enough talk!!! Have at you!
DIE YOU FILTHY BACTERIAAAAAAA
Nobody who speaks German can be an evil man!
My belief is that they want to tokenize Karma and any other reward/currency will compete against their new tradable currency.
I believe they had already said years ago that the r/CC moons was a test run for something site-wide.
Personally I made $300 after moons first tanked, just from some lame comments in the subreddit that was ruined by the scheme.
I will likely use my 150k+ Karma account for profit if this happens and it won’t be for the benefit of the community like the last decade of my activity used to be.
Lemmy is now where I participate in a positive way.
Because the karma whoring wasn’t bad enough as is. What could possibly go wrong with a scheme like that?
But if they want to throw a bit of money my way to quit, I’m not going to say no either…
What is better than karma whoring? Gallowboobs in industrial scale
The best part of Lemmy is that there’s no Gallow on here.
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Precisely, karma whoring was already rampant and detestable.
reddit’s oldest profession
Talk on the main post on Reddit that discussed these changes is that some of the API change documentation included information on what change will actually happen now that they’re sunsetting coins. Tipping replacing coins and karma having monetary value. If thats true Reddit is truly dead. Read that post and made a Lemmy account!
Yeah, I have a feeling, just based on the fact that I’ve had a lot of posts do really well, that I could make some money from Reddit if they do that.
But I’m not greedy. I’m not rich either, but fuck them, I wouldn’t participate if they asked me.
Take the money and donate to Lemmy? Idk, the way I see it, money in your hands is better than money in Reddit’s hands. Your karma is going to be there anyways, the difference is merely deciding whether Reddit gets to keep the money or not.
It won’t be retroactive, I’m sure. In order to do that, I would have to go back to being an active Reddit user, which I will not do. I am done with Reddit.
I think that they’re going to tie it to corporate sponsorship. Instead of some generic “take my energy” token, they’ll charge companies for their logo to go into a karma award, and so instead of a generic award you pay for, it’s an award that another company paid reddit for as a form of advertising (probably with some terrible logo or slogan attached to it) AND they’ll make you pay for it to give it to others. Why have something they get paid for once when they can have something they’ll get paid for twice?
Remember kids, don’t let the news tell you how to feel. Watch out for words in the title like “outrage” and “furious”. Anger increases engagement and they know it.
Yeah internet “outrage” is a weird thing.
I scrambled 10 years of my reddit activity, which would appear to be outrage. But in reality it was more like “meh, well reddit sucks now, I guess I’ll go somewhere else. I’ll just remove whatever value I may have added to the site on my way out since I don’t want to reward a corporation for bad behaviour.”
I guess some people may be outraged, and they’ll be the most vocal ones. But most people are probably like “this kinda sucks, but meh whatever” and move on. You just don’t hear a lot from these people.
We could use AI to remove the clickbait from headlines automatically. 🤔
That’s a fun idea 💡
All those users complaining about their coins going to waste and I’m wondering why the fuck you’d ever spend real money on that.
That’s like paying for porn.Entire OnlyFans community furiously typing
Don’t you get to keep the porn, though?
Not always. They might have a limited download, whether in amount or in time.
You know the company and the users are completely divorced when you read something like that. Redditors have spent years telling each other that awards are useless and a waste of money - then the admins touch it and everybody flips their lid. I for one am glad I’m no longer part of that toxic relationship.
There was that confessional reddit mod post that admitted some mods were blowing thousands of dollars on bots to boost the popularity of their own sub. I’ve also seen people complain that they blew hundreds to thousands on shitty avatars.
I’m in awe at the sheer lunacy of some people. These are people that don’t even know the concept of “touching” or “grass”.
The problem is treating an entire community as some sort of singular entity. People do this shit all the time and make claims like “redditors are so hypocritical” when in reality you have two completely different groups of people saying different things but are both users in the same community.
I said this in another thread - I bet they’re going the YouTube route and are going to start allowing content creators to make money.
Might sound good on the surface but it’s absolutely going to shred what Reddit used to be. Goodbye discussion forum and hello new social media.
I can’t think of a single good reason for anyone to actually want that. Reddit isn’t a site for content creation, it’s an aggregator. It works for YouTube because, well, it’s YouTube. It’s practically synonymous with content creation. But exactly zero people are on Reddit for that.
Also its a forum and its appeal is asking questions to real people. Paying users will destroy that appeal.
The company doesn’t care. They don’t actually understand what reddit is/was and have decided they want it to be something else that they can squeeze money out of. Whatever they end up with is going to be bland and nothing like what it was before. Doubt it will get them what they want in the end.
on one hand, reddit gold is useless and a waste of money imo
other hand, they just keep going for making the most controversial decisions with zero thought lmao
reddit gold used to be how the community helped with server costs back when reddit had only a few employees
I still have my reddit account, only to malicously mod one community and update a secret community about a move to lemmy, but I only use reddit now to do a quick check in on those subs and then a glace at the front page.
Anyway, i saw the reddit post and a bunch of people were livid and said they were doing chargebacks now. I informed them that chargebacks cost reddit more money than they initally spent (spend $5 they have to return the $5 and pay a $20 fee), and if tok many users do a chargeback then credit card companies would stop paying them wink.
EDIT: in response to telling people that it would hurt reddit finacially I got a 2 gold and 2 platnium awards which i hope were paid for with chargebacked credits.
EDIT: in response to telling people that it would hurt reddit finacially I got a 2 gold and 2 platnium awards which i hope were paid for with chargebacked credits.
They were probably just throwing leftover Coins they had in your direction.
I know. I’m just saying I hope
Sure but they could have left the awards in place for a while even if no more could be added. And instead of making everyone lose all the coins they already spent money on, they could have allowed those coins to be used for whatever the next thing is. Just throwing out everyone’s money is never a good practice.
Like what if Minecraft decided they were going with a new monetization strategy and said everyone’s minecoins would expire in a couple of months and any skins, texture packs, etc., you bought with them will also be gone. And no refunds of course.
I did not know minecoins were a thing
but in any case, I’m not saying that they’re making a good decision, just that I don’t see the point of reddit gold
I don’t even know what the coins are, but if they did it this way, wouldn’t that cause a lot of people to want to sell accounts that still had coins and such? Maybe they wouldn’t to avoid a secondary marketplace. Either way, they really are tightening ship for the corpos.
It might be that they’ve given up on the visuals and are now making all the changes all at once. They’re ripping off the bandaid overhauling their site and are banking that the damage will be recover in time.
With the current state of dissatisfaction from the community, now might be a good time to plow through and make all the changes that are already undesirable for the old user base.
Maybe even more of these big changes to come? More popcorn for the Fediverse I suppose.
This finally pushed me to stop supporting the platform with a premium sub and now here I am, checking out lemmy!
Welcome. As you can see lots of room for growth, but there is a lot of positive effort being made.
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Are they furious? Sure. But I feel like anyone still on Reddit just doesn’t care what they do, they’ll still be there scrolling.
Oh I guarantee you there are plenty of sunk cost people who won’t leave but hate everything about it.
Here’s what I received today… first time I’ve visited Reddit in over a month:
Hello from Reddit,
We’re reaching out because you have Reddit Premium and/or Reddit Coins on your account.
TL;DR: We’re making updates to awards and coins on Reddit that we’ll complete by September 12, 2023. As part of this, we made a decision to move away from Reddit coins and awards. This includes the 700 monthly coins* and Premium Awards, which are currently part of the Reddit Premium experience.
You’ll still be able to use your Reddit Coins until September 12, after which they’ll be removed from your account.
Note: all other current Premium perks will still continue to exist, including the ad-free experience.
As we looked at our current awarding system, there was consistent feedback from redditors that stood out – particularly around the clutter from awards and all the steps involved with awarding content. We also learned that redditors want awarded content to be more valuable. With that, we are reworking how great content and contributions are rewarded on Reddit. We will have more updates to share soon.
If you have further questions please check out our announcement post to read more about the update.
- This perk is part of the paid Reddit Premium experience
I got this message too… Guess maybe I’ll look and see what the hell coins i could possibly have … I’ve only had people give me gold like twice over 15 years though and never even really knew what the hell to do with it.
I ended up with a fairly sizable pile of gold after ten years of drunken shitposting and never really got the appeal of the gold lounge sub. I just went around and threw random shinies at people saying especially vitriolic things about Huffman before nuking my account.
Apparently I’ve got 300 coins sitting there…
What the hell can I actually do with that?
Anything?
They have like 500 various awards so just pick some that look fun and decorate funny comments I guess.
Actually useful? Nah
I literally don’t even know how to do that though… Lol… 😂
Guess I’ll Google it in the next couple days if I’m bored
I plan to just let mine sit there forever in an abandoned account… unless I get around to scorched earthing my account. But really, I can’t be bothered to put that much effort into Reddit.
I find this to be a reasonable approach.
I’m just gonna let mine die. I don’t want to use the site any more than necessary. The kinds of posts I’d want to draw attention to at this time are those that would appear hypocritical to give rewards to. I don’t want to give the impression of having given Reddit money (even though I’ve never bought a reward and all my coins are from receiving).
FWIW, I overwrote and nuked my account at the end of June same time as Apollo went dark. Threw out every free award I had before doing it, while still using the free API and just the app I paid for.
At this point, I’d say log in and remove your content, but interacting with the site any further is giving site traffic numbers they shouldn’t have. If you want to give awards, gild comments about the fuckery afoot
I’ve also got 300, no clue what to do with it. Maybe give out 3 random silvers? Not that it does anything.
Guess I gotta figure out how to even give out awards useless as they are.
Just looked and I have 1100 coins. Not sure what from, I’ve never bought any. Any suggestions for them?
Never mind, I decided I only go to Reddit now for one small, private sub, so I went there and gave awards to posts I thought were good.
Gild pro-Lemmy posts / tutorials
Not sure what from
When other people give big awards to your posts/comments, you actually get some coins as well.
Huh, interesting. There were a few times it said I was gifted premium, but I never did anything with it. Well, doesn’t matter now, I guess.
You know, the thing that strikes me as particularly odd is that apparently they’re going to retroactively delete the existing awards. I’d imagine there are some people who feel tied to their Reddit accounts because the awards and karma were important to them, so stripping anything like that away seems like it would make those people feel less attached to Reddit and more likely to move on. They really seem to be scuttling the site.
He’s literally just doing whatever Musk tells him to. Get rid of all the people who cared about the site, then you can advertise your site as a walled garden for bigots and terrorists
Wait. Does Elon own Reddit as well as Twitter?
Nah, spez is just a fanboy of Musk.
I’d imagine there are some people who feel tied to their Reddit accounts because the awards and karma were important to them, so stripping anything like that away seems like it would make those people feel less attached to Reddit and more likely to move on.
Not only that, but they’ll probably be angry on reddit as well.
Gild the announcement announcing the end of reddit gold.
It’s almost like spez secretly enjoys Lemmy. Doing the work for us.
I just gave away 26 Reddit golds to everyone I liked in /r/RedditAlternatives
Never paid for gold but somehow had like 10 years of it on my 16 year account.
Dude, this is just laughable. For those who are left, what are you sticking around for?
Also, here’s my theory: these idiot product managers, fresh outta b-school didn’t think to interview their most engaged users. Instead, they randomly polled people. That’s the only way I can fathom their takeaway from users was “it’s too much clutter” instead of, “this drives engagement”.
I have 3 reasons I still visit… But I am cutting back.
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My local subreddit is still way more active than the equivalent here in the fediverse (but I do get to interact with some familiar usernames in the local Lemmy community)
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It’s still a decent news aggregator, IMHO, ahead of Lemmy for keeping up with what’s going on in the world at a high level
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NSFW content is still lagging behind on Lemmy, as well … I’m using a revanced app and I’m a mod of my own private sub so it still works but I fully expect this to be killed in the near future… In fact, I fully expect that by the time a reddit IPO happens they will have completely killed all the NSFW subreddits (even on the official app and desktop browser)
The site is definitely in a death spiral but, as of today, I still find it useful for certain things.
Fuck them though… They won’t get a dime in ad dollars from me and the demise can’t come soon enough at this point.
That #1 is close to my own reason - a few small communities I’m part of, with very little fediverse activity.
Always using an adblocker of course, having one is basic internet safety, and it reducing reddit’s profits is a nice bonus.
Myself, I still see reddit when I’m googling for something (e.g., I used it yesterday to find where to go next in a game I was playing, as I was stuck and it seems many people got stuck in the same spot). Reddit is useful as an archive of information in that way and Lemmy isn’t active or searchable enough for that yet (plus I didn’t want to ask a question and wait – I wanted to get my answer immediately).
As well as to read discussions of stuff like the ending of a video game or movie. Again mostly because reddit has dozens of threads for basically every single video game, movie, TV, etc (including those that predate Lemmy). I love reading user discussion after I finish something. But I am trying to start conversations about that here, too. If anyone wants to discuss Horizon Burning Shores or Final Fantasy XVI, I made threads about them (which… I was gonna link to, but I can’t find – the posts section of my profile is empty and I can’t easily find them when searching…).
EDIT: the FFXVI post is https://lemm.ee/comment/940061
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I am there only because I feel obliged to finish my artwork series for people- but after that, bye bye reddit.
