Yeah, I have been following it a bit, and I don't think it is going to pan out. I was already planning on not subscribing simply because I hate subscribing to things and try to have as few subscriptions as possible. I would honestly gladly buy relay for like $60-70 rather than pay $3/month (Although honestly, I wouldn't do that too). There is going to be no way to make that work if Reddit wants to position itself as a pay by usage, or conversation as a service company.

But I think it all goes to show is that this isn't a business model. Talking on the internet isn't a business model, and tracking people without their knowledge or consent (even if you technically have it on paper) isn't working either.