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Reddit is killing blockchain-based Community Points (techcrunch.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit is killing blockchain-based Community Points::Citing scaling issues, Reddit is shutting down its blockchain-based Community Points in favor of prioritizing other rewards programs.

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[–] stevehobbes@lemm.ee 9 points 11 months ago

They’re both fucking awful. The everything-is-hustle angle is garbage.

I don’t want people trying to figure out the optimal ratio of low but not too low effort posts to get paid turning everyone into a shill. Chasing karma was bad enough. People chasing money will be worse and less valuable.

Just like Twitter, when everyone is monetizing their posts everything will go to shit.