What's reddit?

After the API changes announcement, I cancelled my premium renewal. I'm still on premium.

The best feature was that I'd get coins to give away as rewards every month. There were other benefits I enjoyed, but the ability to gift someone gold on a whim from the coins I had gotten was very nice.

Now, all the coins I have stockpiled will be worthless.

Gg Reddit. I'm sorry to see it end this way, but you've done this to yourself.

Reddit gold gives premium = no ads = no revenue. What theyve already failed to understand is no users = no revenue

Why is everyone so negative? Good on them for killing some stupid feature that nobody really liked. Yes, they'll bring another even worse feature but luckily no one here is impacted by that.

Man. What the actual hell is Reddit doing? They’ve been making the most suicidal business decisions this year. Blocking third party apps, they piss off a huge active portion of their user base but sure, you could say they weren’t paying anyway. But now they’re screwing over their PAYING users? I don’t even know what they expect at this point.

Why are all these high profile sites making all the stupidest decisions to ruin their sites? It doesn't even make sense from a monetary perspective.

the site used to be so good but now its just going downhill, welp it was fun while it lasted

Its a good decision but man, the execution is horrible.

yooo it'd be neat if we could have our own community custom awards that can be used to help fundraise the servers the community is on

I’m whelmed.

Its such a shame that a once great platform is heading downhill. I'm still an occasional user of the site I'll admit, but i guess Lemmy is my goto these days.

Well, I never paid for Reddit, but this must suck for people that did it.

Yes, please. The more changes Reddit makes that people dislike the more likely people will be to move to Lemmy.

I'm not opposed to this, though I generally think that the move towards awards overcomplicated the site. It was better when it was just Gold and there was a simple tracker to say how many days of server time had been paid for.

I paid for Reddit gold back in the day, I really enjoyed the ability to selectively gift gold to comments.

When they replaced gold with coins I ended up unsubscribing. The coins felt like they devalued what gold actually was.

I think it's fair that they want to revisit the feature, but shutting off a revenue stream a month after they made such a big deal about charging for API access, it feels to me like they are lacking common direction and priorities within the company...

A little crazy theory:

Maybe they hope that by disabling awards in September there suddenly will be a lot less premium users. Gold and platinum gave a week and a month after all. So there will be a sudden spike in ad revenue just before the planed IPO.

I remember back in like, 2013 when getting gold was actually really cool, or maybe it was just me so easily made happy at that point.

I've never followed the updated bullshit with the awards that came out thereafter. It was right around the time reddit really turned to shit.

Anyways, I guess it was inevitable.

It’s become clear that awards and coins as they exist today need to be re-thought, and the existing system sunsetted.

Has it? 🤔