Based on the language where they say there is something coming in the future, I would bet it’s that system.
They want to invalidate all existing awards so they cannot be used to give people money under the new system and likely also remove the premium feature of getting awards for free.
People who want to reward content creators will pay for premium and awards instead of just premium now.
Might as well open a Roth IRA and start contributing to an index fund like VTI or VOO.
Long term stable growth and tax beneficial. The earlier you start saving for retirement the better, compound growth is very powerful.
I don’t think reddit or any social media company gains copyright or ownership of what you post
There’s no guarantee that what’s being posted even belongs to or is the original creation of the poster.
OpenAI CEO Sam Altman sat on the reddit board for years and was briefly CEO for 8 days.
I don’t think reddit will die, but they definitely hurt themselves. The fediverse grew by leaps and bounds over the past week, reddit drove so much traffic to their potential competitors. Then when the 3rd party apps die, they’ll lose some more.
Reddit is gambling on gaining enough revenue from pushing people on 3rd party apps to 1st party that it makes up for the loss of users overall.
People on reddit say “Why do we care about 3rd party apps, it’s such a small section of the userbase” But apparently reddit cares enough about that small section of the userbase that they need to push them to their own app.
Disgusting? It’s a few slices of ham and cheese. It’s basic, but you find ham and cheese to be disgusting?