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Reddit is ending Reddit Gold and users are furious
(mashable.com)
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this post was submitted on 15 Jul 2023
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I don't get it. Wasn't the whole API thing supposed to be about money? Reddit is killing one of its sources of income!
That doesn't even make business sense! What the hell is going on inside Spez's mind?
I've seen rumors that api leaks have indicated that the new thing will be tipping posts directly.
Which is EXACTLY what that site needs - repost bots being financially incentivesed. I guess that's one way to get your usage back - Reddit started as just two dudes posting links to each other and will end as ten thousand bots reposting those links.
There's a blockchain-based Reddit clone called SteemIt that I had a cursory glance at. The idea of it is that you can make money (specifically their cryptocurrency) from posts because of how site activity mints more stuff on their blockchain. Unsurprisingly, SteemIt is also unusable and has been astroturfed by spammers.
Reddit would kill their platform overnight if they allowed users to tip posts whilst simultaneously chasing away community moderators.
Likely to each other by the very end