Why pretend we never measure value in things other than money? It's obviously a loss to the user experience for those who haven't moved to offer sites, and a loss to the knowledge base that users had built there. I think you know that's what's being discussed here, yet you're only countering from reddit's productive of what would constitute a loss... for some unimaginable reason.
The unimaginable reason is that the OP, which I replied to, claimed they couldn’t replace all mods. My counter point was that they don’t care about replacing them for small communities, because that’s not what makes them money. Hopefully I’ve broadened your imagination.
That’s part of what made reddit interesting tho. Having these niche subs that still had a reasonable amount of activity. If they loose that this is the one thing they had over lemmy for me personally. I’ve never been particularly attached to say r/pics but r/aspiememes was the bees knees. They are coming to lemmy by now.
Yup. But then that another reason for users to leave reddit behind. Which should interest reddit. But it’s been clear for a while they can’t even act in their own best interest.
Publicly traded companies by their very nature have to prefer short term profits. It’s no surprise that Reddit does the same in preparation for going public.
If Reddit think small.communities are worthless then they really dont understand social media. Lots of users belong to big and small communities. I left Reddit because the small communities I engaged with are gone.
I'm not drawn back by the big generic communities - they've lost me from both. Multiple that up everytime a small community has fallen apart with a proportion of its users are gone for good, and you have a real problem.
It's all part of the same enshittification. Reddit is dying through death by a thousand cuts.
They care about people seeing ads. And that’s it. I agree with you that Reddit is dying (very slowly), but there are millions of dollars to be milked before the platform is fully dead. And for everyone like you and me, there are thousands who are there for the generic communities. Most people on Reddit don’t post or comment, those don’t strike me as someone who would enjoy being part of the niche communities.
Piracy is illegal. If 12 measly dollars out of your weed budget is too much to cough up for all the music you could want, you should stop smoking weed, druggie. PSA:ANYONE WHO ENABLES PIRACY WILL BE BANNED
Random people arguing over something minor because of a random comment gives lemmy that good old Reddit feel. We all get Piracy is illegal could have done without the condescending tone but you do you. Plex is not just for pirated content. I spent months burning all my dvds and cds so I can stream them without paying for a service I don’t use that often.
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.
I can’t think of anything too maliciously compliant. Maybe give Reddit Gold to posts describing how to join Lemmy or something? Awards should boost visibility. It’s at least a little ironic to use Reddit 's own awards to help people escape.
A suggestion I've seen is to use them to give platinum coins to people, because that gives them some time of Reddit Premium (platinum gives more than gold), which is the only thing you can do with them that will outlast the awards being phased out and it's the closest thing to using them for something that has monetary value.
I know, right? And u/spez threw the match! I'm still in shock over how swiftly it just went from amazing to garbage. Fortunately, Kbin and the fediverse is already superior for me even if the community isn't as robust. The growth and enthusiasm is here.
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!)
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.
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.>
If they were actually serious about retention of high karma users they could at least consider not suspending/ banning such users without a very good reason. My previous account on there was nuked for reasons I dont understand to this day, I would have happily stayed on otherwise. I have a temporary account there now which I had no intention of putting any money into - well now the one reason i might have been tempted to do so is going away anyway.
The award/ coin system was great, and I spent a bit of money on it, it was also a very good way to pay for or be paid for small international transactions - I assisted a few people with minor things and they paid my costs such as they were with reddit coin, saving them and me international bank transaction fees. I also liked rewarding intelligent and incisive comments that needed recognition as such.
This seems like the dumbest decision imaginable. Users are flocking to alternatives, many of those who haven't don't trust you, and you're trying to become profitable … so you delete the stuff people paid for without any sort of replacement. What a genius ideaǃ Making the platform less unique and giving the middle finger to the people who give you money in one go!
There's no way a human adult is running this company. It has to be a council of toddlers run by a keyboard-smashing orangutan. At this point, they might as well start encouraging bots and karma farming. Maybe even pay people to do it!
I wonder if this isn’t a rev recognition play. If their accounting rules say they can’t take the revenue until the award is issued…I bet there’s a lot of money sitting on the table they can apply to their books with this play. It’s basically the same play as expiring unused gift cards…
That's actually an excellent point, but it has the chance to backfire spectacularly if they can't IPO or come up with a more higher earning replacement before the end of the next fiscal year. So I totally expect them to fuck it up
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