Recently, Reddit announced that they may be discontinuing awards/coins on September 12. However I’m skeptical and I think this may be just a deceptive announcement for them to make a quick buck from awards/coins. What are your opinions on this?
Just looks like reddit shot themselves in the right foot, then tried to fix it by shooting themselves in the left foot.
Oh, I don’t know if you’ve heard the rumors that they may be planning to move to an irl cash system to reward high karma earners, but the genitals are next.
Nah.
Firstly, you no longer can buy coins and awards. Three days ago they posted this:Starting today, you will no longer be able to purchase new coins, but all awards and existing coins will continue to be available until September 12, 2023.
So currently they can not make any quick bugs with coins and awards as they no longer are buy-able.
Additionally, since all coins/awards expire on that date, there is zero reason to get more. Right now you want to get rid of what you have, not stock up just so Reddit can delete your inventory of coins.This would be different if they announced some beneficial exchange rate for real money or their new system or kept coins you own available indefinitely (or at least way longer), which indeed would trigger some people to stock up “just in case I want to award someone later on”.
This is a clean cut, meant to renew the system by first tearing down the old one completely, without leaving anything in place, and then introducing something entirely new. I don’t necessarily agree with their communication and deadlines but I don’t think there is anything foul at work here. They just want a new system and follow their current trend of rushing everything.
I still have coins. Do you have any advice on how to use them? Is there any word out there about it?
Someone advised me half an hour ago to award them to comments talking about other platforms, and I think I’m gonna go with that one for myself
