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Reddit kills awards and coins
(old.reddit.com)
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this post was submitted on 13 Jul 2023
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Didn't they come out and say early on when they firsr introduced rewards that they'd made enough money to cover their server costs for many decades? Whatever happened with all that?
They probably blew all of the money on Spez's pay and NFTs.
Reddit is selling NFTs (avatars), not buying them.
Did they? Do you have a link to that? I'd be very interested in that. The whole situation is so bizarre
Maybe it covered their costs for old school reddit pre built in image/video hosting when it was essentially just text and thumbnails?
Now that they're no longer relying on imgur (which is doing it's own thing) they have to host their own images which is EXPENSIVE.
In other words, they digg their own grave.
I think it used to say on people's profiles something like "This user's gold has paid for x hours of server time"
Line must go up. Doesn’t matter if it’s sustainable or if a bag was gotten in the past