No more awards and such, I guess. It will be terminated in September. I came across some screenshots of people attempting to get a refund, explaining that they had purchased so many Reddit coins that they couldn't distribute them before the shutdown. Meanwhile, here I am, observing individuals who possess more wealth in Reddit coins (which hold no real-life value) than I have to buy food for a year. We truly live in a strange world. I don't know why they decided to get rid of it, but it does seem odd, especially considering there are people who even "whale" within the Reddit community.

[–] nitefox@lemmy.world 7 points 1 year ago

Earning money for digital worthless stuff is not profitable

[–] bluefirex@lemmy.world 14 points 1 year ago (2 children)

They're removing free coins and awards to replace it with something new they'll announce later.

[–] 001100010010@lemmy.dbzer0.com 15 points 1 year ago* (last edited 1 year ago)

New Currency will be called "Spez Coins" to honor the inventor of Reddit, our glorious leader that will lead us to the future!

[–] Hyperreality@kbin.social 9 points 1 year ago

Reddit verified. 10$ a month and you get the privilege of sending reddit your id card, so they can link all your posts to your real world identity.

[–] s_s@lemmy.one 7 points 1 year ago* (last edited 1 year ago)

They are hemorrhaging users and replacing the missing activity with bots, but the new bots don't buy gold, so rather than show a month-over-month loss in that revenue stream in their IPO docs, they just cancelled reddit gold.

[–] can@sh.itjust.works 6 points 1 year ago

They also deleted all chat logs prior to this year.

[–] ZagTheRaccoon@reddthat.com 1 points 1 year ago

Some block chain thing