this post was submitted on 02 Dec 2023
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I'm not going back to Reddit to find the answer but does any of this money actually go to the creators of the post that gets gold?
If they get at least 10 gold awarded to them within 12 months, and meet the karma/yr threshold, and stay in "good standing" , and aren't nsfw, and any number of the other thresholds Reddit could use to say no, then they might get ~50% of the price paid to award it. Otherwise Reddit just keeps it all.
Investors be like
So someone has to work at this for a year before getting paid anything when they start out? Am I getting this right?
The 12 month thing isn't a limit as far as I can tell. More that anything beyond that doesn't count. So if you ended up meeting all the requirements within a day somehow, it would trigger then.
Oh yeah, that makes way more sense. Thanks
They don't get money, they get exposure which is more valuable than money anyway /s in case it wasn't obvious
Exposure is something people can die from.
Like Paul Smith who lives in Wegstraße 42, 12345 Berlin, Germany. He blocked me but don't send him death threats because of it.
Support as in the 'stroke the ego' sense not 'help financially put food on the table and heat their home' sense
I would really like to see lemmy add a 'direct donation' button to post and comments that links to their paypal or whatever. I think throwing a dollar or two directly at the person who made the comment or post you really liked is an infinitely better way to support them than throwing that money at a company so that they can award a shiny digital icon above the post.
While I like the sentiment, in reality I think it would do the same thing as it's doing on Reddit - turn Lemmy into a huge bot farm trying to get money from real users.
This is a great point, I did not think about that. Thanks
No
They do, actually. Eligible creators (basically you have to live in the US, be over 18 and have made at least 100 karma in the last 12 months) can claim 33% of the money spent on the gold.
Please don’t just say “no” to a question without actually doing research. Disliking a platform isn’t a reason to spread misinformation about it.
Creators on reddit?
Wait, that explains soo much of their terrible UI changes ocer the years!
On old reddit, usernames, while displayed, are in reality semi hidden, it uses tiny text that blends in the rest of the text.
This is terrible for creators, their name is their brand, and if they don't get exposure of it on their content, they will leave.
This is why new reddit made usernames slightly more prominent, and also started pushing avatars, they want more big creators, that they expect will bring in their audience, an audience that is trained to want to support their creator.
This is turning reddit from a vibrant community to a generic social media site, a checkbox for what a creator is expected to have...
Theoretically, yes. Supposedly (If you live in the US) you can cash out $0.90 for every ‘gold’ you receive. In the image, the leftmost golden upvote is worth one ‘gold’, and the rightmost is worth 25. This means that one gold is bought for $2.69, so the post creator can claim 33% of that money back if they are eligible. https://www.reddit.com/contributor-program