• test113@lemmy.world
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      1 year ago

      No more awards and such, I guess. It will be terminated in September. I came across some screenshots of people attempting to get a refund, explaining that they had purchased so many Reddit coins that they couldn’t distribute them before the shutdown. Meanwhile, here I am, observing individuals who possess more wealth in Reddit coins (which hold no real-life value) than I have to buy food for a year. We truly live in a strange world. I don’t know why they decided to get rid of it, but it does seem odd, especially considering there are people who even “whale” within the Reddit community.

    • bluefirex@lemmy.world
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      1 year ago

      They’re removing free coins and awards to replace it with something new they’ll announce later.

      • 001100 010010@lemmy.dbzer0.com
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        1 year ago

        New Currency will be called “Spez Coins” to honor the inventor of Reddit, our glorious leader that will lead us to the future!

        /s

      • Hyperreality@kbin.social
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        1 year ago

        Reddit verified. 10$ a month and you get the privilege of sending reddit your id card, so they can link all your posts to your real world identity.

    • s_s@lemmy.one
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      1 year ago

      They are hemorrhaging users and replacing the missing activity with bots, but the new bots don’t buy gold, so rather than show a month-over-month loss in that revenue stream in their IPO docs, they just cancelled reddit gold.