Reddit will start paying you real money for your karma::Reddit announced a contributor program on Monday, which awards users actual, real money for their fake internet points. Now, eligible users will be able
So far, the Reddit contributor program is limited to users in the United States (to start, at least) who are over the age of 18 and can verify their identity via Persona and Stripe.
Guys, here’s the real reason. So they can positively identify you. Evidently this is how much that knowledge is worth. They can probably then start selling your posted data to other companies that have also “verified” you via Persona and Stripe. Once those datasets start getting linked together, well I will let your imagination run with that.
Millions will sign up anyway, and we will see a rat race worst than Youtube. Content will be repost of a repost of a repost of a repost of a repost, comment will be the wittiest of the wittiest without substance, whole platform’s opinion will tilt toward what’s popular just for that sweet sweet gold(now can be cashed out!), and spez will still have that punchable face.
My initial thought. Whenever you do shit on reddit like sailing the high seas and doing some serious stuff. Once you opt in and be verified it can be linked back to you. No more masked on a account on who is behind this and that. Easy catch
"But there are concerns that programs like this can incentivize spammy posting, or ‘engagement bait.’ "
The cryptocurrency subreddit started this a while back with their Moons and it completely changed how the whole subreddit worked. The monetary incentive seems to ruin any sort of natural engagement.
Reminds me of the Behavioral Economics classic case of the daycare that started charging for late pickup. Instead of disincentivizing bad behavior, it assigned a price to a service which people became happy to pay, when prior they avoided doing it due to social stigma.
There aren’t just concerns, it’s a f prediction.
redditors need to earn at least 10 gold within a 30-day period — if they don’t reach the threshold, the balance rolls over. For users with between 100 and 4,999 karma, they will receive $0.90 per 1 gold. Once you earn more than 5,000 karma, you can earn $1 per gold.
Do you think people will buy gold for spam and click bait, though? It’s basically a person paying $2 to give the poster $1. Who’s going to give money to clickbait?
What it will do is spawn some heavy, heavy super users that will just immediately post every article as soon as it drops from a swath of different websites in hopes of getting paid.
No they won’t. You need to be getting 10 gold every 30 days. The only people who may get anything of value from this are people who own large subreddits that can set posts by approval only any time news is about to drop.
If you thought karma farming on reddit was bad before…
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I don’t feel bad for deleting my account with 120,000+ karma.
So… how long before groups of accounts start colluding to upvote each other and generate revenue? like, less than minute? What will prevent bot accounts from upvoting to generate karma?
This can’t possibly last more than month before it gets seriously exploited, at which point the company will have to refuse to pay out.
Ha ha! The Asian bot / spam accounts will be going MENTAL.
Those guys you see with 20 phones will need a bigger rack for 100.
bot / spam accounts will be going MENTAL
You can’t earn money this way using bots. Even with full control of an arbitrarily large set of bots, the best you can do is get out 50 cents for every dollar you put in.
That’s still potentially a 50% increase in profits for sold accounts
Ha ha! The Asian bot / spam accounts will be going MENTAL.
Those guys you see with 20 phones will need a bigger rack for 100.
Ha ha! The Asian bot / spam accounts will be going MENTAL.
Those guys you see with 20 phones will need a bigger rack for 100.
