8 upvotes, 1 direct replies (showing 1)
View submission: What we’re working on this year
The day you remove the option to use the old layout is the day I leave reddit, tbh.
Reddit is going public on the stock market very soon, they definitely will get rid of old.reddit and restrict access to third party apps in the future.
Quote:
But until we have a web experience that supports moderators (which includes feature parity), consistently loads and performs at high-levels, and (to put it simply) the vast majority or redditors love using, Old Reddit will continue to be around and supported.
Also know that reddit is starting their own Etherium based crypto currency[1] which users and moderators will earn "money" from. And if you didn't know they also have their own NFT's[2] which they will tie in with the avatar system.
1: https://www.reddit.com/community-points/
If you think spam, bots, ban evasion, karma farmers and power mods are bad now then just wait until they fully implement this garbage.
Quote:
Community Points currently exist on a testnet version of the Ethereum blockchain, which uses similar technology to Bitcoin to validate ownership and control of tokens based on who holds them.
Community Points are distributed every 4 weeks based on contributions people make to the community.
**Who gets Community Points?**
Community Points are distributed across multiple groups.
* Contributors receive 50% of Community Points.
Just wait, we've seen nothing yet. The whole site is going down the drain as soon as they go public.
Comment by perpetualwalnut at 03/06/2022 at 03:08 UTC
7 upvotes, 0 direct replies
1: Go public.
2: Institutions buy up shares, and vote in their own board members.
3: Board members intentionally vote for expensive "restructuring" that ultimately are bad for service and do more harm than good while claiming the opposite. Stock price skyrockets during this time.
4: Now not only does this put the company in debt, but also giving the company a bad reputation. Institutions sell off their shares while still high and then go ultra-short while also publishing slander of the target company/website through their owned media.
5: Stock price plummets, the company goes bankrupt. Board members are given golden parachutes, institutions make bank on shorting the stock, and competition is removed.
6: WIN WIN WIN WIN all around the table except for the company's employees and customers.
It's the same pattern everywhere and none are going to save us from this except ourselves.