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by bko
1618 days ago
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Damn, you think karma farming is bad now? Imagine if upvotes actually translated to money, regardless of how bad the exchange rate is. The post makes it seem all high and mighty moonshot, but it's most likely they introduce their own crypto that you can trade and maybe earn. Maybe a tipping feature similar to twitter. I don't know if that's going "all in" but it could certainly change the dynamics. It's already highly gamed with top posters dominating pretty much all the major subs. But with the monetary motivation, it'll likely be even harder for regular people just to post interesting content and be noticed. But it could also be a whimper, like ability to tip someone or your reddit gold is an NFT. Either way, I don't see an upside to the reddit community apart from very few top posters |
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I visited this a couple of years ago to see what all the fuss was about, and what I saw were many people from mostly developing countries posting very low quality comments and content, all in the hope that it would bring them money. Once you change incentives like that, you don't need to worry about posting quality content, you're only focused on content that brings in money.
Of course, quality is subjective, and you could say something similar about some of the popular YouTubers, but there at least some resemblance of effort is needed to produce content and have a consistent viewership. For Steemit, it seemed doomed right from the beginning.