Gold originally was fine imo. Then it got out of control with so many different medals, some free, some cheap, etc. They made it so confusing and basically every post on the front page had some sort of award. They made it confusing and cluttered... At least they realized it was dumb.

So they’re getting rid of coins and awards, but don’t have any kind of replacement actually planned yet?

They should have held off until they knew what the replacement would be. As it is, they’re yanking something that made Reddit unique for…what, exactly?

Not sure why this is a top priority right now, but I look forward to hearing about whatever horrible idea they implement to replace awards and coins.

One thing I’ve seen a lot of is comments wishing that Lemmy/Kbin had support for some sort of gilding. So it’s obviously a feature that people enjoyed using which means Reddit just has to enshittify it. This is the way.

Yeah, just got an email from them stating that (I still have premium from being guilded). Great company management as always.

“Users are leaving? I have an idea! Let’s nuke their coins, that’ll bring them back!”

This seems like the dumbest decision imaginable. Users are flocking to alternatives, many of those who haven't don't trust you, and you're trying to become profitable … so you delete the stuff people paid for without any sort of replacement. What a genius ideaǃ Making the platform less unique and giving the middle finger to the people who give you money in one go!

There's no way a human adult is running this company. It has to be a council of toddlers run by a keyboard-smashing orangutan. At this point, they might as well start encouraging bots and karma farming. Maybe even pay people to do it!

Wait, what did you just say? They might actually do that?

The circus never ends.

Was anyone actually spending money on that crap?

Was there any indication something like this was coming?

Also, I only learned last 1-2 months during the API fiasco that Reddit had some weird NFT thing going on.. Are they just trying to find anything that will stick?

To what end, I wonder?

I feel like it has to be financially motivated and the only thing I can think of is they want users paying for premium directly rather than having it gifted from a different accounting bucket. But that doesn't seem like strong enough motivation on the surface.

Whelp, I never used those things anyway.

Reddit's self-destruction is quite impressive, I'm not going to lie

It hurt itself in its confusion

I wonder if this isn't a rev recognition play. If their accounting rules say they can't take the revenue until the award is issued....I bet there's a lot of money sitting on the table they can apply to their books with this play. It's basically the same play as expiring unused gift cards....

Hmmm. Conspiracy theory intensifies...

So first they alienate the people who are working for them for free and then they go ahead and alienate the people who are giving them money for free.

(50+ awards right now, but who’s counting?)

Apparently you are, Reddit.