8232 upvotes, 32 direct replies (showing 25)
View submission: [OC] Price of Reddit Awards
I’ve never spent money on this site and don’t really intend to.
The $40 award could serve a few purposes.
It is “weird flex” which is pretty on brand for some corners of this place.
It also makes the ~3$ platinum award seem much more reasonable in comparison. It’s like $34 surf and turf. It makes the $17 hamburger a reasonable purchase because it’s half the price.
Comment by mmmsoap at 05/07/2020 at 15:29 UTC
1594 upvotes, 35 direct replies
I got a reddit app for my phone (I think it was Alien Blue?) multiple years ago. It was free at the time, but I’m not sure it was always free or if I got it on a sale day.
Then reddit bought out the folks at Alien Blue and used it as a skeleton for their own mobile app. All current users were given 4 years of “gold” as an incentive to move over. I vaguely remember their reasoning being related to how much they’d calculated you’d spent on the original Alien Blue, and transferring it over the the cost of gold at the time, which is why I think the original app wasn’t free.
Part of having “gold” status is getting some number (500?) of coins per month. That means I now have 14,000+ coins on my account having never spent a dime. I’ve given other posters awards 2-3 times total over the years. When the original status finally expires (which I think will be September this year) I’m wondering what happens. Can I guild myself? I’m theory part of the experience is no ads, but I have no idea what kind of ads everyone else experiences and how intrusive they might be.
Comment by [deleted] at 05/07/2020 at 15:05 UTC
194 upvotes, 2 direct replies
[deleted]
Comment by TheRealMaynard at 05/07/2020 at 16:13 UTC
43 upvotes, 1 direct replies
Lol I remember that pathetic daily gold goal tracker they had rigged up when it first came out
It would just hover around 90% of some “goal” each day which is how much gold they wanted people to buy?? Very strange
Comment by 3-DMan at 05/07/2020 at 15:12 UTC
19 upvotes, 2 direct replies
Bro now I'm hungry
Comment by Brandon23z at 05/07/2020 at 18:08 UTC
4 upvotes, 0 direct replies
Look at the Admins giving awards in this thread.
Comment by OrgianalCuntent at 05/07/2020 at 19:52 UTC
3 upvotes, 0 direct replies
As the saying goes, the best way to sell a $2,000 watch is to put it right next to a $10,000 watch. But why? The culprit is a common cognitive bias called anchoring. Anchoring refers to the tendency to heavily rely on the first piece of information offered when making decisions.
In a study evaluating the effects of price anchors, researchers asked subjects to estimate the worth of a sample home. They provided pamphlets that included information about the surrounding houses; some had normal prices and others had artificially inflated prices. Both a group of undergraduate students and a selection of real-estate experts were swayed by the pamphlets with the higher prices. Anchoring even influenced the professionals!
Placing premium products and services near standard options may help create a clearer sense of value for potential customers, who will view the less expensive options as a bargain in comparison.
https://www.helpscout.com/blog/pricing-strategies/
Comment by No_Trespassing_On_Me at 06/07/2020 at 00:47 UTC
3 upvotes, 0 direct replies
I’ve never even seen and Argentium award in all of reddit till today when I’ve seen about 20
Comment by Anthadvl at 05/07/2020 at 16:40 UTC
5 upvotes, 1 direct replies
The raspberry pi is 35$
Comment by miaumee at 05/07/2020 at 17:30 UTC
2 upvotes, 1 direct replies
How can Argentium be more valuable than platinum
Comment by Mysixthredditname at 06/07/2020 at 00:42 UTC
2 upvotes, 0 direct replies
Im literally emergency shitting out a wonderful surf and turf that I just ate an hour ago and that's exactly the price
Comment by Dandan419 at 06/07/2020 at 01:05 UTC
2 upvotes, 1 direct replies
You got argentum! Holy shit!
Comment by mackinder at 06/07/2020 at 01:22 UTC*
2 upvotes, 1 direct replies
Argentium is just reddits version of Veblen goods
Comment by LjSpike at 06/07/2020 at 18:44 UTC
2 upvotes, 0 direct replies
Bear in mind also though, you don't *have* to spend money to give awards, people get coins when they receive gold/platinum etc. - Thus, power users could very much rack up hundreds of dollars worth of coins without ever spending a penny, allowing such an award to be spent.
Comment by i__love__lamp__ at 05/07/2020 at 17:45 UTC
2 upvotes, 0 direct replies
I wish someone would “weird flex” on me.
Comment by landmindboom at 05/07/2020 at 17:38 UTC
1 upvotes, 0 direct replies
If it comes with a healthy portion of fries (and free ketchup), the $17 hamburger is exactly $10.40 too expensive.
Comment by SgtPepe at 05/07/2020 at 17:56 UTC
1 upvotes, 0 direct replies
Does Platinum and Argentium give the same benefits as gold?
Comment by iPoopLegos at 05/07/2020 at 18:14 UTC
1 upvotes, 0 direct replies
It’s actually more beneficial for the OP to give a few platinums then an argentium. Undoubtedly the dumbest award rn
Comment by ShaquilleOhNoUDidnt at 05/07/2020 at 18:22 UTC
1 upvotes, 1 direct replies
it also serves the purpose to pay amazon to host reddit
it's not cheap running a website
Comment by [deleted] at 05/07/2020 at 19:03 UTC
1 upvotes, 0 direct replies
The big ones that are overpriced sometimes ARE the best most awesome meal though. You wouldn’t think they would be because they get made so rarely, but the staff seems to take them very seriously. Like this one time I got an overpriced tomahawk rib thing that was seriously the size of a roast. They spent hella time on it because you could tell it was important to them. And because I think they had to get that fucker out of the freezer because nobody had ordered one for so damn long.
Comment by jerschneid at 05/07/2020 at 19:22 UTC
1 upvotes, 1 direct replies
Why did you say ~$3 instead of just $4?
Comment by DoubleSunday307 at 05/07/2020 at 19:46 UTC
1 upvotes, 0 direct replies
I mean, getting awarded anything on reddit is something I never have to worry about since my contributions are so bland and miserable compared to others. No one would give me an Argentinian nor a Gold for that matter.
Comment by FlappyFlan at 05/07/2020 at 20:09 UTC
1 upvotes, 0 direct replies
Ever played TF2?
Comment by Jawadd12 at 05/07/2020 at 20:49 UTC
1 upvotes, 0 direct replies
Nah man, it's literally more than 10× the price.
So it's more like seeing a $300 Armani t-shirt next to a $50 Zara t-shirt.
You'd think "of course I'm not getting that Armani t-shirt, it was never an option, I wouldn't think twice about it, that shit's expensive, not my thing, no surprise, but why is this Zara t-shirt $50 when it should be $20? Fuck this whole shop, I guess I'll just buy some socks or a cheap bracelet from the ones near the cashier"
Comment by mikeyj125 at 05/07/2020 at 21:04 UTC
1 upvotes, 0 direct replies
I was doing similar math the other day, except it was for how a $11 McDonald’s meal could buy me 9 TV dinners
Comment by riftshioku at 05/07/2020 at 21:29 UTC
1 upvotes, 0 direct replies
I genuinely can't believe someone bought you argentium