this post was submitted on 19 Oct 2023
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Reddit’s blockchain-based “Community Points” rewards crash after sunsetting (arstechnica.com)
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit’s blockchain-based “Community Points” rewards crash after sunsetting::Tokens based on subreddit reputation saw dips over 85% after the announcement.

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[–] Number1SummerJam@lemmy.world 30 points 11 months ago

Classic investment scam- offer a valueless item at a price, get everyone hyped up about the new item which is supposed to gain value, get people to invest, let the insiders in the company know so they can sell off, then get rid of it altogether. I hope they get prosecuted for this.