Reddit Migration

I think part of it is about retention .... retaining all those users, especially those with high karma levels (or at least users who believe they have high karma) from abandoning the site and ending their accounts.

I'm currently in the process of ending my four accounts I have on reddit. Two of them are over 100,000 in karma and when I read this post, the very first thing that popped into my mind was .... HOW MUCH WILL MY ACCOUNTS BE WORTH?

So it's now making me think ... if I can just keep up my account for another while, maybe I can cash in on all that karma I accumulated.

I am sure that many other redditors are thinking the same. The way this reddit admin posted the info is really weird too ... it sounded like some salesman just enticing people into an idea but not fully being able to say much about it and instead making vague suggestions that something big is coming in the future.

I know a sales job when I see one .... and this is a sales job. Many people will fall for it ... if not just to hang on to see if they can at least cash in our something ... anything when the announcement happens.

Say or think what you want about me ... but I'm ending this relationship and deleting my accounts ... I don't trust big corporations to say or do anything that might give me a chance at anything. Any action they elicit from me or any user will be gamed to only benefit them. If not enough people figure that out ... reddit will make bank in the short term and that is all they are counting on.

Makes sense to me.

Reddit's new userbase (Bots) don't buy gold.

You don't want to IPO and have to document that one of your 3 revenue streams is decreasing month-to-month.

The strategy is to keep pumping the fake traffic and keep selling the bogus impressions to ad buyers.

It's surprising to hear this; given reddit's current mass-enshittification I don't expect to see a change that both improves user experience and reduces the money they're making. Clearly they've got something more sinister planned, but awards were a blight on the reddit experience and had I not already left I'd appreciate this change (for now!)

The Snoo Platform gone mad with their own userbase...

I never bought coins or whatever, but I had inherited a bunch somehow. I jumped on reddit just now to find an old thread I'd saved and found this in my inbox:

Hello from Reddit,
We’re reaching out because you have Reddit Premium and/or Reddit Coins on your account.
TL;DR: We're making updates to awards and coins on Reddit that we'll complete by September 12, 2023. As part of this, we made a decision to move away from Reddit coins and awards. This includes the 700 monthly coins* and Premium Awards, which are currently part of the Reddit Premium experience.
You'll still be able to use your Reddit Coins until September 12, after which they'll be removed from your account.
Note: all other current Premium perks will still continue to exist, including the ad-free experience.
As we looked at our current awarding system, there was consistent feedback from redditors that stood out – particularly around the clutter from awards and all the steps involved with awarding content. We also learned that redditors want awarded content to be more valuable. With that, we are reworking how great content and contributions are rewarded on Reddit. We will have more updates to share soon.
If you have further questions please check out our announcement post to read more about the update.

• This perk is part of the paid Reddit Premium experience.

Thought it was kind of funny considering I never once cared about coins in the first place. Just checked and apparently I have "13325 coins to spend." I'm just going to let them go unless someone has a more maliciously compliant suggestion.

The Snoopocalypse continues.

Oh for want of a kind stranger.