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?
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.
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.
Is this a fucking joke
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.
As blockchain tokens
Thanks I read enough.
" 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....
Nice to see that reddit started to advertise for lemmy / kbin. 🤣
Guaranteed that people smarter than the reddit staff will exploit their processes or code to cause mayhem and chaos.
100% guaranteed.
Is this old, or just something that has been in the works for a long time? No one is talking about it on Reddit, so I'm pretty sure that it is old information. This is a post about it from three years 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?
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?
It is time for communities to break free of walled gardens
Lmao how can they say that with a straight face
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.
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.
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....
My god, that copy makes me want to vomit. It reads like it was written by an executive in a coke bender.
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.
I can almost hear the zoom call they brainstormed this shit in. This is some PragerU level slime. “Crypto Currency will grant users autonomy that they would otherwise never possess!” Right, anything that can’t be bought has no value. Oh THANK YOU for creating this system where everything is tied to crypto, so we can experience real community again! Finally my voice can be heard. Not like that horrible, communistic, voting system that counts every user equally.
It's time for communities to take back ownership and control says company that just took away ownership and control from communities.
blockchain social credit scores 😭😭😭
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.
Oh, fuck off.
Community Points represent a way for Redditors to own a piece of their favorite communities. [...] They can even be used in custom tools outside of Reddit and on other platforms.
How the fuck would this work, I wonder? I tried to read through some but it makes little sense to me. It sounds like putting karma on blockchain and making it into a currency acting as reddit gold.
Rest is just regular cryptobro talk formulated so that Reddit looks like it cares about communities - or am I missing something?
Can crypto fucking die already?
I like how they stripped communities from their members during the protest but now they are all like "Oh yea... members should own their communities!"
It is time for communities to break free of walled gardens
That's what I did when I came to Lemmy after you killed 3rd party apps you troglodytes. Do you fucktards not even know what a walled garden is?
"It is time for communities to break free of walled gardens and take ownership of their existence online."
So, literally the fediverse ?
Yeah... It's about "freeing yourself from Reddit's control"
Earn points through generating content and moderation? Okay, sure, why not?
Use those points to weigh votes in community governance? Suuuure, okay I can see how that could be cool.
The points are on the blockchain? Uh… so what’s stopping rich assholes from buying up points and using their capital to take over communities?
If the points are non-transferable then I can see the merit of a points system… but then why would you need a blockchain at all? It’s all still a closed off walled garden despite what they are pitching.
Reddit is talking about decentralization and stuff like that like they aren't a centralized platform themselves. Giving control to the community, but remember if we don't like what you're doing with your communities we'll threaten your moderation team!!!
LMAO ITS BLOCKCHAIN
we called it, reddit goes fucking crypto bro
Too much text to just say that they are doing their own NFTs
Okay but "In order for contributors to claim the Points they have earned, they need to create a Vault within the Reddit mobile app. When a user creates their Vault, they will receive the Points that they have earned up to 24 weeks (~6 months) before. Points earned but not claimed within 24 weeks will expire." So... Yes, it definitely was about getting everyone to use the shitty app. This is their second wave of that. And also "Moderators receive their Community Points at the beginning of the following distribution cycle. The actual amount of Points they receive depends on how many Points were distributed to users' Vaults in the previous cycle." They are trying to rope in the mods to convince people to join the app.
Wonder what kind of wild exploitation someone is going to come up with, because rest assured this is going to happen.
communities need to be owned by their members in ways that platforms cannot take away.
uuuuh
This reads like the propaganda of a MLM church.
Yes, get the internet back to the people, with money, but we don't call it money. Also you were free to go and do what you want but we took this away, see you're restricted, but now we give this option back, well ...only partly because now it's soaked with money, we mean community NFTs. Isn't this fucking exciting!!!!?? We make a shit ton of money, I mean... You will make money! Yeah! Get into the group!
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