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I have feeling that whatever ends up replacing them will almost certainly be worse.
Reddit's Contributor Program could earn you real money for your Reddit karma [Android Authority]. This mirror's Twitter's experiment to pay select top contributors [Washington Post].
This would just accelerate Reddit's plunge into "bots upvoting karma farming repost bots".
Reddit not announcing the replacement for awards/coins yet totally makes sense if it will be something like this or crypto related, though they're just uselessly kicking the backlash can down the road.
Reddit rewards program? https://www.theverge.com/2023/7/13/23794403/reddit-gold-awards-coins-sunset
My guess is they're wiping karma so everyone starts at 0 for the rewards program.
Ironically my karma is the only reason I didn't straight up delete my account.
I know it's just fictional internet points, but I had a long running dumb game with myself to see how fast I could hit certain amounts.
That, and I managed to create my account exactly one year before my son was born, so they shared cake days, kinda.
I left reddit but I also could not bring myself to straight up delete my account. That's a lot of history to just erase.