Community Points represent a way for Redditors to own a piece of their favorite communities. [...] They can even be used in custom tools outside of Reddit and on other platforms.

How the fuck would this work, I wonder? I tried to read through some but it makes little sense to me. It sounds like putting karma on blockchain and making it into a currency acting as reddit gold.

Rest is just regular cryptobro talk formulated so that Reddit looks like it cares about communities - or am I missing something?

That is absolutely hilarious. Yeah Reddit, I totally buy that you want internet communities to not depend on platforms like Reddit. This would be totally monetizeable for you, not that you care about monetization and not that monetization has proven to work at cross-purposes with making good internet websites/communities. And once you mentioned blockchain, well that's when I recognized the subliminal cues suggesting a well-thought-out proposal that positively impacts the world.

EDIT: Ugh just saw that again, they just linked an old post, this one apparently from 2021. I don't think it changes things much insofar as they're presumably planning to replace awards with something and this proposal presumably describes it. But I already didn't see them successfully implementing the thing as written, and knowing now that it's from 2021 it just makes me more certain that whatever they roll out is unlikely to be exactly what's described here.

I'd say knowing this was written two years ago makes the text less hilariously on-the-nose but that depends on whether they'd write something different today doesn't it, I'm not sure they wouldn't.

Interesting idea but it's still too close to the reddit platform. Looks a lot like reddit gold, except you can take your 'gold' elsewhere. This is a cool idea, despite the knee jerk reactions in this thread.

It's a partial step towards a DAO, but looks rushed, half baked, and done for the wrong reasons. Some reddit profits will trickle into this currency. If they wanted to provide actual benefits instead of just making themselves rich they'd distribute profits to CP holders and allow CP holders some governance roles site-wide instead of being boxed into a community. Serfdom vibes.

As soon as I saw "blockchain": 🙄

In the real world, communities are independent entities, free to choose where and how they hang out. No one tells them what to do or where to go.

I guess the people who run Reddit really think none of their audience was educated by say... Snoopy.... or seen a "no skateboarding" sign in their life. You can just hang out anywhere IRL!

It is time for communities to break free of walled gardens

That's what I did when I came to Lemmy after you killed 3rd party apps you troglodytes. Do you fucktards not even know what a walled garden is?

Earn points through generating content and moderation? Okay, sure, why not?

Use those points to weigh votes in community governance? Suuuure, okay I can see how that could be cool.

The points are on the blockchain? Uh… so what’s stopping rich assholes from buying up points and using their capital to take over communities?

If the points are non-transferable then I can see the merit of a points system… but then why would you need a blockchain at all? It’s all still a closed off walled garden despite what they are pitching.

As blockchain tokens

Thanks I read enough.

This Reddit coins on a blockchain has been happening for a while. The cryptocurrency subreddit had "Moons" for years now.

I sold 110k Moons as soon as they came out, nobody tell me how much they're worth now

FUCKING CRINGE REDDIT, FUCK SPEZ, FUCK REDDITORS AND ALSO FUCK EVERYONE WHO STILL USES REDDIT FOR ANYTHING AFTER THIS!

This is how they are going to wash their hand of allowing fascists to overrun their platform isn't it?