Business Reddit will start paying you real money for good posts - Not in crypto

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Reddit announced a contributor program on Monday, which awards users actual, real money for their fake internet points. Now, eligible users will be able to convert their Reddit gold and karma into fiat currency (no, not crypto), which is disbursed once per month.

So far, the Reddit contributor program is limited to users in the United States (to start, at least) who are over the age of 18 and can verify their identity via Persona and Stripe. Accounts must have existed for over 30 days, and only safe for work posts can be monetized.

This feature was leaked about two months ago in Android Authority, when a reverse engineer found data about the program in an APK teardown.

A user’s Reddit karma (or number of upvotes received) dictates how much money they can earn. To withdraw money, redditors need to earn at least 10 gold within a 30 day period — if they don’t reach the threshold, the balance rolls over. For users with between 100 and 4999 karma, they will receive $0.90 per 1 gold. Once you earn more than 5000 karma, you can earn $1 per gold.

Twitter (now called X) launched a similar creator monetization program recently, where some creators can earn ad revenue based on the impressions their posts generate. But there are concerns that these programs like this can incentivize spammy posting, or “engagement bait.”

Reddit is also changing its system for awarding gold. Users previously could buy coins, which could then be used to buy gold or other awards, which can be given out to high-quality posts. But Reddit sunsetted the awards and coins system to make gold more straight-forward. Now, you can long-press the upvote icon in the app, or hover over it on desktop, to buy gold — prices start at $1.99 for one gold, and go up to $49.00 for 25 gold. So, if top users earn $1.00 per gold, this means that Reddit retains around 50% of the payment. While these features will start rolling out on the app, they won’t be available on web until later this year.

These revamped payment programs arrive at a time when Reddit is in tumult, as parts of its user base still remain hostile due to controversial API changes, which make it unaffordable for many developers to build on Reddit. Popular third-party apps like Apollo, Reddit is Fun, ReddPlanet and Sync have shut down after these changes.

https://techcrunch.com/2023/09/25/reddit-will-start-paying-you-real-money-for-your-karma/ (Archive)
 
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Buddy of mine works in a software support company. Reddit opened a ticket last night with one of his coworkers- serious security breach and loss of admin controls.

It’s the little things that make a day brighter.
 
They're not paying out for good posts, they're paying for collecting Reddit Gold.

If they were paying for good posts, it would only cost them about $3 per year.
 
this is that shitty cyberpunk dystopia meme where instead of actually cool evil shit like IngSoc or MiniTru we have retards voluntarily and enthusiastically brainwashing themselves for a couple dogecoins per month
 
This will just make it easier for the government to pay the glowies they have running psyops on there.
 
Última edición:
My best posts on reddit have been subreddits critical to the site, so....
 
Great, now redditors will be even more embolstered to just say whatever is agreeable and will net them upboats. Discussions aren't even going to be discussions anymore. Just retards trying to come up with Marvel movie quips. Get paid to uphold the echo chamber. It will literally be woke vs. broke.
 
Norbert the Tiger dijo:
As I exist ex in my prior post, this kind of reddit faggotry will not just continue but we will be bolstered through the power of monetization.


Thanks to @Useful_Mistake for jogging my memory as to the name of this cunt: merari01.

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I didn't know whether to give you a horror or info sticker, so I went with the positive one.

I'm already seeing a lot of negative consequences of Twitter doing ad sharing, and I'm sure this will be worse. Twitter's just starting to generate a lot of click bait memes, the same old 'what does this equation equal'. Paying people to post stupid, but clicky shit ends up with more of it, especially when anyone can do it with a few lines or an AI. Youtube's already starting to go AI nuts with kwebbelkop's situation. I can really foresee a point in the near future of AI made posts and videos, with only AI responses taking entirely over.

This monetizing is certainly going to increase it quicker than it would be if you just got upvotes or views without money. In fact if you're able to you'd almost be a sucker not to flood the sites with this junk.
 
This is fantastic news. It's right up there with blizzard allowing you to block people from being matched with you in order to "prevent griefing" but as anyone with half a brain could see it would and did result in everyone just blocking all the best players for an advantage. Ostensibly reddit is doing this in order to incentive "good" content but this is obviously going result in everyone attempting to come up with the shittiest click bait, quips, memes and so on as fast as possible in every post and will obviously tank the quality of the site to new depths. I can not wait.
 
So one of the most common automated ways to age accounts is using multiple bots. Search top/all-time and repost. OP account nets post karma. The followup is using separate bot accounts to copy comments netting gold/a lot of updoots. Considering this plagued posting before the monetary incentive, why not duplicate this methodology and make money in the process?
 
Sounds like a bad idea for multiple reasons. Aside from giving a financial incentive for certain groups to pressure others into only posting certain things, it could easily backfire on reddit in other ways. After all, once you bring actual money into the mix things change. Mods fucking with people because they don't like their politics can now be accused of trying to fuck with peoples posts to deny them money they'd be entitled to due to the program, because they don't like them or due to political wrongthink. Thats not a situation any platform should want to put themselves in because sooner or later somebody is going to start shit over it. The last thing they want is mod abuse to go public because somebody got fucked over for money they should have received by some troon mod for pointing out somebody on a subreddit was doing pedo grooming shit to another poster. There are good reasons why platforms don't offer money like this. It creates way too many headaches, too much liability and too many potential legal problems when someone decides they didn't get what they should have

Reddit didn't think through this at all, especially given the kinds of mods they have infesting the place
 
Oh boy, a fraction of a cent for screaming trans rights, awesome.
 
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