Reddit is ending Reddit Gold and users are furious::undefined
You must log in or register to comment.
That company is so badly run it’s laughable.
Removed by mod
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.
Capitalists love regulations and do a lot to make sure financial laws are in their favor and make great use of government handouts they help orchestrate for themselves.
Yes, this is called regulatory capture.
Yeah, Senator Whitehouse actually wrote a book awhile back, Captured, that covers the topic very well. However, that book is also depressing because he illustrates just how fucking rampant it is in the US now.
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.
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.
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?
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?
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 💡
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.
Real people who don’t expect something back in return from you is what made reddit special. Advice is given because someone wanted to help as opposed to wanting a like, subscribe, notification bell, patron, merch store, etc. Now they want to turn into into some influencer platform full of people trying to sell shit whether it’s themselves or some crap.
Exactly. People on Reddit usually don’t have any incentive to lie about e.g. the quality of a fridge brand. Give them an incentive and it immediately becomes as useless as Google seo spam
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.Don’t you get to keep the porn, though?
Not always. They might have a limited download, whether in amount or in time.
Paying for porn is a good way to get quality porn, IMO, because you support the people making what you like. But if you’re not picky, I suppose it doesn’t matter. Whatever floats your goat.
This finally pushed me to stop supporting the platform with a premium sub and now here I am, checking out lemmy!
Welcome aboard! We have beans! Also, I saw a fellow lemming giving out Lemmy lemons, so those, too. (Someone from kbin is going to have to help me out with their team’s memes…)
Removed by mod
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.
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.
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.
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.
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.
Gild all the ‘fuck /u/spez’ comments while you still can.
Gild the announcement announcing the end of reddit gold.
They are really trying hard to piss off all their users lol
Well, Spez did say he admired what Musk did with Twitter…
What if Spez’s intention all along was to tear down the machine from the inside. Anyone who was on it 10+ years ago could see it had perhaps grown a little too big for it’s britches.
Glass onion, mate. There’s a human psychological blindness to see the rich as fundamentally competent and smart. To believe there are layers to it. But fundamentally, it’s transparent. It’s just incompetence.
I definitely subscribe to Hanlon’s razor, as well as the idea that for every rich person who earned it there’s a hundred, or a thousand, that were given it.
I was just being sarcastic though. I don’t know anything about spez either. I just like to joke about everything.
It’s almost like spez secretly enjoys Lemmy. Doing the work for us.
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’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.
Redditors care about their coins a lot. Not really a shock.
I mean, it’s less about the coins and more about something that has an equivalent monetary value being wiped without any compensation whatsoever.
if they continue using reddit
are they actually furious?
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.
-
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)
-
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
-
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.
I only stick to subs that have utility on reddit now such as setting up a rss for gamedeals and buildapcsales.
But, anything that falls under entertainment like gunpla, sports team subs, show discussions, and memes I cut ties with. I do miss them, but even if I haven’t completely cut reddit off those I could at least do. Since scrolling for entertainment is not one I found vital.
-
I am there only because I feel obliged to finish my artwork series for people- but after that, bye bye reddit.
My account is just gone. I wasn’t a big time poster or anything, but 10 years of use and my account doesn’t exist. I only went back on to delete it.
