Reddit’s blockchain-based “Community Points” tokens crash after sunsetting
arstechnica.com
Tokens based on subreddit reputation saw dips over 85% after the announcement.

Reddit’s blockchain-based “Community Points” rewards crash after sunsetting::Tokens based on subreddit reputation saw dips over 85% after the announcement.

  • micka190@lemmy.worldEnglish
    611·
    1 year ago

    It doesn’t.

    Crypto bros are really fond of the whole “use the blockchain to take your assets from one platform to another” grift, but it:

    1. Doesn’t work if the other platform doesn’t support it
    2. Could be done without a blockchain if both platforms agree to share a database

    It’s like you said: Do any other websites care about your Reddit karma? No. Why would they? It’s only 2 uses are to make people addicted to Reddit through gamifying their opinions and filtering bot accounts by having a minimal karma threshold to post on subs.