Reddit enrages users again by ditching thank-you coins and awards::Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.
Is spez trying to beat Musk’s record for number of strategic blunders made while running a tech company?
It seems so, and also seems like he’s in a hurry to catch up.
Spez idolizes Musk. So he’s doing the exact same thing.
I just dumped all my old coins onto comments encouraging people to do chargebacks for any year-long Premium subscriptions since they’re in material breach.
Are they really in material beach since the agreement you agreed to by giving them money basically says “coins have no value and we can delete them at any time we want”?
I mean, I hate Reddit as much as the next guy here but that sounds a bit like doing a charge back because you didn’t win on the slot machine you just pulled.
EULAs are not legally binding and any court and credit card company on the planet would accept that you had a reasonable belief that you would be provided the services that were offered when you paid for Reddit Premium.
Are you sure this would be considered an EULA and not a TOS?
Can you elaborate, I’m not quite sure i understand?
So when a charge is made against a credit card, you have the option to do a “chargeback” - this is meant to be used for fraud. In this case, the argument is that Reddit fraudulently changed the terms of the program after people had already paid - being in “material breach” means they made a binding promise to provide a thing and they failed to do so. Chargebacks are really, really bad for a vendor. They lose the money, and they get a penalty fee, AND if it keeps happening the credit card processor can crank up their overall fees or even drop them as a bad customer.
How many times do we have to teach you this lesson old man
😂
They want to force redditors to see ads. That’s the whole point. Gilding someone was a way of gifting an ad-free experience to a random redditor, and Reddit doesn’t like that anymore.
Of course it’s also because spez doesn’t like seeing too many awards on “fuck spez” comments.
the lengths people will go before installing adblocker
most Reddit users use the official app now, so an adblocker is pretty much useless there
(+ the vast majority don’t know how to use an adblocking proxy on their phone)
I imagine having a baked-in method for users with disposable income to avoid seeing any ads isn’t exactly an attractive feature for potential advertisers.
I’d expect there’s an equilibrium to be found.
Even if you had the hypothetical “ultimate consumer” – so stupid that they clicked every ad and bought everything they saw-- there would be a finite cap of ad revenue you could get out of them. There are only so many advertisers, and they’re only willing to pay so much per ad, because their acquisition budgets are finite and they anticipate much more real world levels of conversion from view to click to sale.
Maybe an “optimal” real-world user is worth $30 per month in ad clicks. Maybe they’re worth 30 cents. Either way, it’s still a number where you can say “we can offer an ad-free experience for a price anywhere above that, lose no revenue, and provide a premium option.”
I’m also surprised there isn’t more concern from the investor world about anchoring more and more products and services to the advertising universe-- it’s a brittle, finicky bubble that’s based on everyone lying to everyone else and hoping nobody checks the books.
That’s literally YouTube Premium’s value proposition.
That’s a stupid one though. Why would you get enraged at something that was only made to make profit for the reddit guys? There’s no real value on reddit coins or awards, it’s just a jpg or gif for somebody’s comment or post.
If anything, it’s funny that they removed an easy cash grab they had.
they’re gonna replace it by a larger cash grab anyways
deleted by creator
I dunno. On the one hand, it was an obvious move by the admins to distract users from the protests and exodus. On the other hand… it kinda worked? I dunno what purpose or angle this BizIn article has either.
It’s probably gonna turn subscription based. As in, you have to subscribe to not only send Thank-Yous but also receive them. What Reddit wants are paying customers for their IPO, not “users”.
They are slowly working themselves up to disabling old.reddit.com .
That’s gonna be the final nail in the coffin for me. As of now I only go there for my city’s subreddit as the fediverse equivalent isn’t quite active yet.
Go be the change you want. Create posts, invite the users from your city’s subreddit
the more libreddit instances they kill the less time they have to live
that used to be what i though would be my queue to exit…until i realised that my reddit experience was basically RIF… so yea if they want to get rid of another great chunk of users, do get rid of old reddit, do it spez!
Same here.
I didn’t think old reddit would outlast me lol
Haha same. “Oh I will just use old reddit” forgetting that 95% of my internet usage is mobile and old.reddit is nearly impossible to navigate on mobile. I have been 94% Lemmy since July.
It’s funny whenever this is brought up on a reddit admin post. They always come with some stat saying a tiny % of users use old.reddit.com like that means people barely use it and therefore useless. But I see a lot of active posters talk about it which means those are probably the users you want to keep around lol.
This reminds me of the youtube dislike button thing. When a popular majority opinion pops up against the rich, it usually brings lots of gold and platinum awards which drives engagement and visibility. It is not very advertiser/owner class friendly and gives too much power to the masses.
Any new system they create, if any, will not allow this kind of behavior.
Wasn’t that one of the exclusive “features” of the official app. I guess there’s no point for exclusive features now.
Trump style dead catism?
Keep doing crazy things so people stop talking about your last crazy thing?
It was such a nice way to monetize, just a teensy little icon on posts you could easily ignore. Tells you whatever replaces it is gonna be far less acceptable.
Gonna be they’re version of a blue check mark. Buy the widget and it stays at the top regardless of up votes or down votes.
they’ll make blue aliens more important and always float to the top like the blue check robot armies on twitter lmao
Lemmy should make its own awards.
Award #1 – Blackjack
Aware #2 – Hookers
What would be pretty awesome is if Lemmy implemented an optional awards feature that could accept donations into a tip jar of some sort. Many of us running smaller instances appreciate selfless donations, but this could be a decent way to make supporting hosting costs more fun.
instance based awards only though, as of would be hard to control award manipulation from private lemmy servers thay are federated
Make awards not actually do anything other than be a tip for the server hoster like Reddit gold used to be. Now which server owner it should go to is another question.
I like to give out Lemmy Lemons 🍋
I enjoy that they’re meaningless and if people find them obnoxious they can just downvote them.
That’s what this Dell PowerEdge I’m posting on is for
An anonymous user liked your comment so much they’ve gifted you Lemmy Hookers™!
Very dapper!
deleted by creator
🏅
how much is anyone’s betting that it will involve crypto in some way? i raise you a very fine 6mm dia 1m long aluminum tube
It’s the obvious answer, but I wonder if it would implode in their face in some interesting ways.
Reddit has been the epicenter of a lot of crypto communities over the years. They’ve been there for plenty of projects to rise and fall, and most importantly, the wholesale evolution of the market. The remaining crypto market is not a place where you can hope to launch a new, lasting project on hope, enthusiasm, or promises of future utility. For anything outside a few very narrow cases (actual CBDC or related projects), the announcement of a new project is little more than starting the count-down to the inevitable rug-pull, technical collapse, or financial meltdown. All this is documented in huge detail across their communities.
Launching a new crypto-based product in 2023+ would be like Airbus saying “we’re going all in on propeller triplanes.” It’s sketchy, and they have full knowledge that it’s sketchy. I sort of wonder what promises and stories they’ve tossed towards their existing investors, who I imagine are frantically Googling the phrase “breach of fiduciary duty” already.
announcement of a new project is little more than starting the count-down to the inevitable rug-pull, technical collapse, or financial meltdown
arguably it always has been https://www.ic.unicamp.br/~stolfi/bitcoin/2021-01-16-yes-ponzi.html#sum
monetization of upvotes, lack of bot control, yeah i see no way this can go sideways
CBDCs were always a vaporware, and crypto in general is driven by hype only
I suspect we’ll see products that end up getting branded CBDC (e-yuan, e-rupee, e-dollar), but it may look nothing like blockchain hype projects.
There are plenty of real world problems that a natively digital transaction system can mitigate. The obvious use case is “I’m in Los Angeles, how can I pay someone in Edinburgh three pounds without spending days for settlement, worrying about inter-bank communication, or dealing with private firms that have turned it into a rent-seeking space that adds huge fees”. Note this can be done without some elaborate blockchain system. In fact, a centralized service operated by the state has the right incentive alignment: they are more beholden to the social and political goal of “efficient commerce helps economic growth” rather than the private-enterprise mindset of “if I can get people to consume the tokens I already own, I can be a kazillionaire.”
every time i hear criticism like this i have to notice that these problems exist mostly within heavily outdated american banking system. in my country i can send bank transfer to anyone within country for free and it will always clear within 24h, but less than ~3h if sent during normal working hours. transfers within bank are instant; when i pay my internet bill, for example, such instant transfer goes to payment processor (with little overhead ~0.3$). within EU, there are SEPA transfers
then, outside of banks in usual sense of this word, there is range of solutions from revolut to m-pesa
Honestly probably an nft. Pay extra for your own unique award to give out! 🤮
i want a 3 cent (eur) nft
Reddit already has NFT avatars. Adding them for awards would make sense with that recent story about letting users make money from their awards. Bleh.
imo it’ll turn out to be more like another karma counter, especially after crypto they will be paid in craters (because no way it’ll involve real money)
I raise you this inanimate carbon rod.
i gamble only in the best metal, aluminum
Reddit has gone to the crapper. It’s not just banning 3rd party apps, it’s not just ditching awards, all of these wildly unpopular decisions have left a permanent scar on the user base and it shows. Now, all of the top posts on r/popular are garbage nonsense like “unpopular opinion: the far left and far right are both just as bad as each other” or “im a horse girl rate me”. Sad times.
I haven’t visited reddit since boost stopped working a few days after the API change. Filled the void mostly with twitter. Don’t miss it at all.
Have you tried mastodon?
Fun fact: you can view and post lemmy posts from mastodon
Lemmy is basically an implementation of mastodon, I thought? I prefer Nostr because it is more censorship resistant but the community isn’t quite there yet.
Specifically it is an implementation of something known as activitypub, which connects the entire fediverse, services from mastodon and akkoma to pixefed and peertube to lemmy and kbin
Glad to see my fellow boost people around. Also haven’t visited reddit since boost stopped working. The boost app can be patched to work but… I’m just sick of Reddit and don’t want to support it. Can’t wait for Boost for Lemmy! Jerboa is great but miss my boost
the moment boost for lemmy launches. bye bye reddit.
Liftoff is a descent replacement till boost comes alive for lemmy…i won’t ever give another login to re**it
You stayed on Reddit after boost stopped? I just couldn’t force myself to use that shitty app. Not judging there are things I would definitely like to use it for but can’t stand that app.
You can patch boost to work again with Android 10+ though there’s a tutorial somewhere thinking of using that for things I can’t yet find here
yeah, im just soldiering on. the official app is a shitfest though and i hate it.
Not only is it a shit fest but I’ve noticed that now they’ve taken one out of Twitter and Facebook’s playbook and on mobile all search result content just directs me to download the app which is really irritating. I refuse to even download that shitty app.
Fortunately on mobile I was able to open desktop version to read an old article I needed but on computer iirc I couldn’t get it to display anything even though I was already on the desktop version.
Every change they’re making is pissing off the user base, spez must be wanting to clean it up and sell to advertisers ir something
Read-only (without nsfw) still works in RiF, I open that from Google searches or I’ll go to the website, when I’m looking for specific things. But other than that it’s been all Lemmy for me since late June.
