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William S. Sessions said:
reddit is absolutely jam-packed full of sour, balding STEM graduates who remember high school as a 4-year gauntlet of horror & shame, which would be sad if they weren't so goddamn smug about it
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Then when you meet them you understand that not only did they require bullying, they could probably benefit from being bullied some more.
 
Reddit wants to turn karma into crypto tokens you can buy and sell.

MOONSHOTS.png


If this happens, it means people will be financially rewarded for posting on reddit. It's already happening on r/cryptocurrency with reddit moons, but I guess they want to make it a sitewide thing.

Now may be the time to buy old accounts with high karma or to use those karma farming subs before they get banned.
 
💗Freddie Freaker💗 said:
Reddit wants to turn karma into crypto tokens you can buy and sell.

View attachment 2695594

If this happens, it means people will be financially rewarded for posting on reddit. It's already happening on r/cryptocurrency with reddit moons, but I guess they want to make it a sitewide thing.

Now may be the time to buy old accounts with high karma or to use those karma farming subs before they get banned.
Click to expand...
The reddit money.

Why do i get the feeling this is gonna end badly?
 
💗Freddie Freaker💗 said:
Reddit wants to turn karma into crypto tokens you can buy and sell.

View attachment 2695594

If this happens, it means people will be financially rewarded for posting on reddit. It's already happening on r/cryptocurrency with reddit moons, but I guess they want to make it a sitewide thing.

Now may be the time to buy old accounts with high karma or to use those karma farming subs before they get banned.
Click to expand...

Thank you very much for this potentially extremely valuable and/or profitable information.
 
Reddit is also selling NFT avatars.
MOONSHOTS.png
Engie said:
The reddit money.

Why do i get the feeling this is gonna end badly?
Click to expand...
It's probably going to turn the site into more of a shithole than it already is. Pajeets will flood the site and parrot bland, popular opinions for upvotes/money. That's what's happening with /r/cryptocurrency.

Alternatively, this could happen:
MOONSHOTS.png
Jannies will have a hard time banning wrongthinkers who have a lot of karma without destroying people's trust in their blockchain.
 
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💗Freddie Freaker💗 said:
Reddit is also selling NFT avatars.
View attachment 2695610

It's going to turn the site into more of a shithole than it already is. Pajeets will flood the site and parrot bland, popular opinions for upvotes/money. That's what's happening with /r/cryptocurrency.

Alternatively, this could happen:
View attachment 2695617
It would interesting to see what would happens if "problematic" people started hoarding karma. Reddit is currently being ruled according to ideology, not according to the will of whoever has the most good boy points.
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NFTs are the beanie babies of the 2020's economically illiterate. I just wonder if the concept will take the same amount of time to crash and burn.
 
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I've gotta' fucking hand it to them. This is going to be a grand spectacle.

This is either going to anihilate reddit in a giant chaotic plasma wave or they'll somehow make reddit a functional website. (perish the thought!)
Or the third (and most "reddit") option is that it's some bogus centrally controlled pseudo currency (but it still kills reddit because holy smokes there's no going back from this. It's a complete sitewide change.)

Also, it's very interesting that the value of karma is going to be officially quantified instead of quantified by third party services.

Ps. Can't believe that the Web 3.0 meme is actually taking off. We might be witnessing comedy history as we speak.
 
💗Freddie Freaker💗 said:
Reddit is also selling NFT avatars.
View attachment 2695610

It's probably going to turn the site into more of a shithole than it already is. Pajeets will flood the site and parrot bland, popular opinions for upvotes/money. That's what's happening with /r/cryptocurrency.

Alternatively, this could happen:
View attachment 2695617
Jannies will have a hard time banning wrongthinkers who have a lot of karma without destroying people's trust in their blockchain.
Click to expand...
NOOO NOT THE HECKING FORESTRINOS!!! How dare you!

The creation of Funko Pops in a third world factory uses way less energy than a NFT!
 
💗Freddie Freaker💗 said:
Reddit wants to turn karma into crypto tokens you can buy and sell.

View attachment 2695594

If this happens, it means people will be financially rewarded for posting on reddit. It's already happening on r/cryptocurrency with reddit moons, but I guess they want to make it a sitewide thing.

Now may be the time to buy old accounts with high karma or to use those karma farming subs before they get banned.
Click to expand...

Maybe Im misunderstanding this but does this mean karma will be connected to real world cash in some way? I cant imagine how someone could think that its a good idea to encourage shitposts with compensation. This would kill any and all small subreddits and turn the larger ones into a revolving door of memes reposted by bots.

Would getting negative karma on a post cost you money? Would already earned karma be transitioned into these "tokens"? Would I be able to get my 12 year old 50k karma account back because I called an admin a nigger? Something tells me I wont like the answer to any of these questions.
 
💗Freddie Freaker💗 said:
Reddit wants to turn karma into crypto tokens you can buy and sell.

View attachment 2695594

If this happens, it means people will be financially rewarded for posting on reddit. It's already happening on r/cryptocurrency with reddit moons, but I guess they want to make it a sitewide thing.

Now may be the time to buy old accounts with high karma or to use those karma farming subs before they get banned.
Click to expand...
yeah bro better farm those upvotes, if you collect 1000 karma you can exchange it for 0.00002 microbitcoins! you're gonna get rich bro!
 
Tepuys said:
Maybe Im misunderstanding this but does this mean karma will be connected to real world cash in some way? I cant imagine how someone could think that its a good idea to encourage shitposts with compensation. This would kill any and all small subreddits and turn the larger ones into a revolving door of memes reposted by bots.

Would getting negative karma on a post cost you money? Would already earned karma be transitioned into these "tokens"? Would I be able to get my 12 year old 50k karma account back because I called an admin a nigger? Something tells me I wont like the answer to any of these questions.
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Yes. If I understand correctly, they want karma to become a cryptocurrency like bitcoin. Getting negative karma would cost you money and getting positive karma would earn you money.

I have no idea how they plan to deal with bans. Maybe they'll freeze the karma of banned accounts, making it impossible to sell. Your 50k karma is probably gone forever.

Toolbox said:
Isn't an NFT just an encypted image/image with a specific key? Can't imagine that uses as much energy as mining does at least for where bitcoin is at. Do tell if I'm wrong here.
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They're not as bad as mining but they're still bad for the environment, at least if they're on the Ethereum blockchain.

www.theverge.com

The climate controversy swirling around NFTs

The fight over the future of NFTs.
www.theverge.com www.theverge.com
 
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💗Freddie Freaker💗 said:
Reddit wants to turn karma into crypto tokens you can buy and sell.

View attachment 2695594

If this happens, it means people will be financially rewarded for posting on reddit. It's already happening on r/cryptocurrency with reddit moons, but I guess they want to make it a sitewide thing.

Now may be the time to buy old accounts with high karma or to use those karma farming subs before they get banned.
Click to expand...
reddit already tried to do this like 5 years ago with "reddit notes" but only succeeded in embarrassing themselves with a comically vague announcement post and then never mentioned it again. former CEO yishan hired some egghead to work on his pet crypto project and then resigned, so expertly-managed reddit kept the orphaned egghead around for months, bouncing off the walls of his cubicle with one non-project and no path to ship.
 
Toolbox said:
Isn't an NFT just an encypted image/image with a specific key? Can't imagine that uses as much energy as mining does at least for where bitcoin is at. Do tell if I'm wrong here.
Click to expand...
I don't know anything about crypto, but apparently my lib friends keep complaining about how it somehow damages the environment, 'buying an NFT literally burns down a random chunk of a rain forest' or something.

I think crypto uses a lot of PC power, so I guess it's kinda wasteful since it makes PC parts break quicker? But that ain't my area of expertise anyways.
 
Toolbox said:
NFTs are the beanie babies of the 2020's economically illiterate. I just wonder if the concept will take the same amount of time to crash and burn.
Click to expand...
NFTs are yet another way to launder money with crypto. It's similar to how the ultra rich use art to hide their wealth but without all the extra steps of galleries.
 
>have property rights to a chunk of reddit which nobody can touch without toppling over the entire house of cards
>resurrect r/mde, r/smuggies, r/the_donald etc.

Fuck, time to hold some bags
 
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