this post was submitted on 14 Jul 2023
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465
Reddit is getting rid of its Gold awards system (www.theverge.com)
submitted 1 year ago by [email protected] to c/[email protected]
80 comments fedilink hide all child comments
 

Reddit is going to sunset its current coins and awards systems, meaning you won’t be able to buy Reddit Gold for posts you like. However, it is working on a new system for awards.

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[–] [email protected] 15 points 1 year ago (1 children)

If he’d had any insight, he’d have realized Reddit’s structure wasn’t a good vehicle for monetization and gone the way of Wikipedia/Jimmy Wales. He’d be popular and respected now and probably able to extract a decent living from it.

But his insistence that a square peg be pounded into a round hole will end up with him being neither popular nor respected—and he’ll never sniff that moonshot IPO.