Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There’s way too much to process here. This is going to be wild.
Community points have been used on the cryptocurrency subreddit for years, now, called Moons. They’re fine I guess. You can withdrawal them relatively easily and do whatever with them. They’re given out based on up votes
Pretty much. You can use them to get additional rewards in the community and/or withdrawal them out to the Ethereum blockchain if you want to. Could even sell them if anyone would bother to buy
God, but that just seems like the worst. The fun of karma was that it was worthless but hey, a lot of us liked seeing big number go up and that was fulfilling in itself. Now people are going to be incentived to post for the sake of posting to try to earn something. Low effort, contentious, engagement driving spam.
Community points have been used on the cryptocurrency subreddit for years, now, called Moons. They’re fine I guess. You can withdrawal them relatively easily and do whatever with them. They’re given out based on up votes
So you can basically cash out if I understad you correctly?
Pretty much. You can use them to get additional rewards in the community and/or withdrawal them out to the Ethereum blockchain if you want to. Could even sell them if anyone would bother to buy
God, but that just seems like the worst. The fun of karma was that it was worthless but hey, a lot of us liked seeing big number go up and that was fulfilling in itself. Now people are going to be incentived to post for the sake of posting to try to earn something. Low effort, contentious, engagement driving spam.
Yeah it’s a pretty lame system. It also incentivizes downvoting everyone so you get more of a share of the distributions
Small correction: They’re Arbitrum Nova tokens, not ETH tokens anymore.
Greatly saves on gas fees, but Arbitrum Nova has narrower support.
Kraken just added support for Moons and Bricks, so the methods of cashing out are becoming easier.