Read all about it at the above link. There’s way too much to process here. This is going to be wild.

  • 👍Maximum Derek👍@discuss.tchncs.de
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    11 months ago

    Community Points are the first step towards a better future for online communities. In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.

    The way to be independent of Reddit is by having a token on a blockchain maintained by Reddit?

  • DataBlade@lemm.ee
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    11 months ago

    Today’s online communities are not like this. They are trapped inside apps and platforms, where they do not have independence or control anything of value.

    That’s hilarious, when they literally just trapped users in their app and killed 3rd party apps.

    • Tanglebrook@lemmy.ml
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      11 months ago

      In case anyone’s confused about what this is all about:

      $5/month per community

      It’s easy to miss, but they snuck in that Special Memberships (subreddit subscriptions, which unlock badges and emojis and stuff) cost $5 a month per subreddit, outside of Reddit Premium. You can also spend 1000 Community Points, but if you don’t have the balance and want the benefits, you’ll be giving reddit money.

      It feels like reddit has come to understand how much closer redditors feel to their communities than reddit as a whole - reddit is hated, but users still cling to their communities. A sitewide Reddit Premium badge is irrelevant, even repugnant and a badge of shame, but special flairs and features in close knit communities are still desirable.

      This is reddit exploiting their users’ relationships with their communities with a stackable 5 buck alternative to Reddit Premium.

      • Ashtear@lemm.ee
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        11 months ago

        Probably the only smart thing Reddit has done all year. All you have to do is invent some sort of perk for a community and put it behind a monthly paywall. Make it a pooled system with a goal and peer pressure will get you more subs. Discord has been making bank on this concept for a while now.

        If they can leverage subreddit tribalism, it might have even have more potential than Discord, which isn’t nearly as interconnected. Or it would have, if they hadn’t hitched this to the blockchain.

      • PersnickityPenguin@lemm.ee
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        11 months ago

        Per subreddit?!

        ROFL. 🤣🤣🤣👒

        Man I remember back in the day when somebody bought me in Argentinium award. I shit a brick when I found out how much that thing cost.

        I got a few thousand points to spend on awards, but I never would spend money on an app like that. Such a rip off.

  • Phantom_Engineer@lemmy.ml
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    11 months ago

    Glanced over it. Complete word salad. Corporate nonsense: baffle them with bullshit.

    You get points from communities. These points are stored on the block chain, because why not? The points themselves come from reddit, but the communities distribute them. Since they’re on the block chain, reddit can’t take back your magic bean points or whatever once you get them. Nevermind that they’re worthless and that reddit controls the only platform that they’re even remotely useful on.

    For now, Reddit will cover gas costs for distributing Points to users and allowing them to spend Points on features such as Special Memberships.

    Emphasis mine. Someone has to pay for it, because that’s how the block chain works. For now it’s Reddit. In the future? Who knows!

    How does this benefit the consumer? It doesn’t, really. Potentially it gives posters more control over a subreddit, but looks like mods will still hold essentially all the power when it comes to a subreddit, which is how it works now.

    How does this benefit reddit as a business? It doesn’t, really. They’re handing out magic beans with the selling point being that they can’t take them away from you once you get them. It costs them money to do this, because it’s on the block chain as opposed to some in-house database. This replaced coins, right? They killed an income stream and replaced it with an expense.

    They get to tell investors that they’re into the block chain when they launch their IPO, I guess. All I can say is buyer beware. Chances are high the powers that be unload their stock options in the IPO hype and then get the hell out of dodge. They might have waited too long, though. The tech bubble deflated, and I don’t know if the books are impressive enough to draw in the big bucks from investors.

    If you want genuine control over your community, start one on the Fediverse and self-host an instance. No admins will kick you off since you’re your own admin and head mod rolled into one.

  • skeddles@lemmy.world
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    11 months ago

    " In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away"

    WTF!!! They literally just took communities away from the members because they were protesting Reddit intentionally degrading their site…

    • GoodEye8@lemm.ee
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      11 months ago

      I read that and thought “This can’t be real. This is too on the nose.” then I read the rest and had to check the URL to make sure it’s not a joke, because it reads like one big joke.

    • Excrubulent@slrpnk.net
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      11 months ago

      If you read just the next section that’s where the other shoe drops. Blockchain. It’s blockchain of course it’s blockchain because everyone there has tech bro brain rot.

      Community Points

      Community Points are the first step towards a better future for online communities. In order to be truly independent from platforms like Reddit, communities need to be owned by their members in ways that platforms cannot take away. With the advent of blockchain technology, we now have a way to establish this freedom in a decentralized and secure way.

      As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities. They are earned by making contributions to the community, like creating content and moderating. They not only represent ownership and reputation within the community, but can also be used for community governance, moderation, and unlocking premium features. They can even be used in custom tools outside of Reddit and on other platforms.

      Most importantly, Community Points are a flexible tool that each community can shape to its needs. Each community has its own Points that it can customize with its own name, symbol, distribution rules, and uses. Every community has its own needs and we expect each to use Points differently and in novel ways that help take them to the next level.

      • Interesting_Test_814@jlai.lu
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        11 months ago

        What’s wrong with blockchain exactly beyond the fact cryptoscammers gave it a bad rep ? To my understanding blockchain has the same goal as the fediverse : decentralisation, and we should support it (the system, not the scammers using it).

        Edit : Thanks all for the resources, I’ll check that out !

        • Excrubulent@slrpnk.net
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          11 months ago

          The fediverse solves the decentralisation problem by enabling communities to operate around a basis of trust. Blockchain is antitrust. It is fundamentally built on an assumption that functioning communities cannot exist.

          Blockchain solves a problem that doesn’t exist. Give me a problem that blockchain solves and I’ll consider it. A decentralised ledger is an ancient technology that has never needed immutability in order to work.

          Also what odds would you give me on whether reddit don’t want to use this blockchain system for a grift? 1/100? 1/1000?

          That’s the other problem with blockchain, the foundation of antitrust attracts grifters, because it is a technology that enables grifts. Immutable ledgers lock people in with no escape clause, so they fundamentally enable bigger fool scams. I hate fiat currency as much as the crypto bros, but at least it sometimes allows recourse for scam victims.

          • Karyoplasma@discuss.tchncs.de
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            11 months ago

            Your last sentence makes no sense. Why would crypto bros hate fiat currencies? Or do they just hate every other than the one they support?

            • Excrubulent@slrpnk.net
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              11 months ago

              Go look at any crypto bro explain what’s so great about crypto currency. They hate fiat because it’s centralised. They basically say it gives the government too much power, not realising that it is an extension of already existing power and not the source of state power.

              They’re mostly libertarian capitalists, and as far as I can tell they don’t understand how power works. It seems like they think currency and laws and capital are magic spells, so if you rip up the laws and replace the currency then you’ve dispelled the evil magic and you have liberated the people of Middle Earth.

              That’s why they think crypto will work, and why they say “just get rid of the laws”. When you ask how to do that, they don’t know what you mean, because they literally think “get rid of the laws” is the method.

        • illi@lemm.ee
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          11 months ago

          Not an expert but overall yes, the technology seems like a good idea, it’s what it was/is most used that gives it bad rep. The most inhetently bad thing about it might be the environmental unfriendliness with the energy used needed for the verifications and stuff (though there are alternatives to it I think)

          But I don’t know much about it beyond the basics, so might be wrong.

          Maybe I get downvoted because I’m wrong. Or mayne because I wasn’t inherently negative about blockchain and since it is mostly asociated with NFTs and similar scams, people just automatically hate it. If it’s the former, I deserve it - but would love for someone to say so and explain if that’s the case.

          • InputZero@lemmy.ml
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            11 months ago

            I think you could have explained yourself more clearly. Did you mean to say that otherwise in a vacuum, the only downside to blockchain technology is it’s ecological impact? I’d agree with that, but nothing operates in a hypothetical vacuum.

            What’s got some people up in arms is the fact this blockchain is a solution without a problem. It’s going to do things that can already be done easily in a much harder way. Which is what most blockchain deployments do. I think you know that nuance but didn’t articulate it well in your post. Perhaps that’s why you’re being down voted?

            • illi@lemm.ee
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              11 months ago

              Honestly, as I said, I knly know the basics. From what I know about it, at face value and in vacuum, it sounds usable - with the environmental negatives. So more or less, you understood me correctly I think. I may’ve not been too clear, because I only have basic understanding of it - never looked too deep into it.

              Maybe (probably) there are more inherent negatives to it that I don’t know about. Maybe the environmental ones just stuck with me because I understand those.

  • bloopernova@programming.dev
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    11 months ago

    Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.

    100% guaranteed.

  • partial_accumen@lemmy.world
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    11 months ago

    So you get points for posting and for moderating. It’s this literally being “paid in exposure”? Don’t we joke about this all the time how worthless it is?

    • empireOfLove@lemmy.one
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      11 months ago

      Oh God, now they’ve actually monetized all the repost bots. It’s like they WANT their site to turn into a bot hellhole.

      • Nepenthe@kbin.social
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        11 months ago

        Well, they kinda do. They don’t have to be human to look like users from the outside.

        Looking at this screams that they’re planning to cut and run, though. It’s arson for the insurance money. Nobody would look at this longterm and think it was going to turn out well

    • jarfil@lemmy.world
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      11 months ago

      When you get 100,000 exposure, and there are suckers paying $4 for each, how many USD do you have?

      (Spoiler: none, but if you’re smart, then you may get USD 200K)

  • falkerie71@sh.itjust.works
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    11 months ago

    So it’s basically Reddit NFTs. Let’s just call it as it is.

    It is time for them to take back ownership and control. It is time for a change.

    Lol. You’re still on Reddit. You’re not controlling shit.

    As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities.

    You don’t own it, it’s made by Reddit, distributed by Reddit, and only useful on Reddit and not anywhere else. What’s the meaning of decentralization and ownership if it’s only useful in one place?

  • VCTRN@lemm.ee
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    11 months ago

    It is time for communities to break free of walled gardens

    Lmao how can they say that with a straight face

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    11 months ago

    Lmao

    Today’s online communities are not like this. They are trapped inside apps and platforms, where they do not have independence

    Trapped in apps like the official Reddit app? Because they ruined 3rd party apps? What are they sniffing over there, the trapping of communities is their own doing.

    I’m done with reddit, so either way I don’t really care. Tbh I don’t think this will necessarily be a dumpster fire. It might even be interesting, depending on the specifics of this implementation. It’s probably fueled by higher ups hearing hype words like blockchain. My expectation is that things will mostly just continue as normal, but now the management and CEO’s etc can masturbate to the idea of having a blockchain application.

    • Nurgle@lemmy.world
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      11 months ago

      In order for contributors to claim the Points they have earned, they need to create a Vault within the Reddit mobile app.

      “Free from apps! …also you’ll need our app for this.”

      • SokathHisEyesOpen@lemmy.ml
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        11 months ago

        “And we just killed all the other apps last month because… Uh, because we don’t want you trapped inside apps. Yes, that’s it. So use our worse app, which only accesses what was previously our mobile website, to avoid being trapped inside of apps. Yes! Very double plus good!”

  • N0body@sh.itjust.works
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    11 months ago

    A crypto scam? All this was building to a crypto scam? They burned Reddit to the ground to pump some shitty Redditcoin going into the IPO?

    I expect nothing and I’m still let down.

  • mindlight@lemm.ee
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    11 months ago

    Today’s online communities are not like this. They are trapped inside apps and platforms,

    How ironic… Reddit trying to lock me in was the exact reason why I stopped being active there…