This is great news. I spend too much time on Reddit right now and this would make me not want to spend time on Reddit.
heh, old man yells at cloud.
Is Reddit going all in on Web3?
11–20 of 34 posts
Re: Is Reddit going all in on Web3?
#12Likely one VP just decided to grab the web3 space as theirs and throw a few bodies at it.
Re: Is Reddit going all in on Web3?
#13Here's a similar Reddit job post from October 2021 (3 months ago) regarding NFTs: https://boards.greenhouse.io/reddit/jobs/3454478
""" For Reddit, it will always be about community. As the “frontpage of the Internet”, Reddit brings over 430 million people together each month through their common interests, inviting them to share, vote, comment, and create across thousands of communities. If there is one thing we’ve noticed with NFTs, they too have an incredible power to create a sense of participation and belonging. With every new NFT project, a vibrant community of owners pops up with it. Fans of today’s biggest creators and brands are now flocking to buy digital goods directly from them -- to support them, to gain exclusive access, and to feel a greater sense of connection with them. Over time, we believe this will only grow, and NFTs will play a central role in how fans support their favorite creators and communities.
Our team is a new and exciting, rapidly growing team that aims to build the largest creator economy on the internet, powered by independent creators, digital goods, and NFTs. We are looking for strong engineers and leaders to help us seed the team, set its strategy, and build for the future. If you ask us, the NFT movement has only just begun, so come and join our team to get started. """
Re: Is Reddit going all in on Web3?
#14> more decentralized Internet where people, not platforms, have real ownership and control Does this mean Reddit will give control of its forums, or the equivalent thereof in meta-space to its users? Reddit is a "platform" right? It seems to be saying that it doesn't want to be in control.
Yes, according to Ben Thompson's latest post on Stratechy, "OpenSea, Web3, and Aggregation" [1]. He suggests that the next age of the web will replace accounts with no technical lock in, and network effects with virtual communities (see the diagram at the end of the article).
[1]: https://stratechery.com/2022/opensea-raises-money-bans-nfts-...
Re: Is Reddit going all in on Web3?
#15Damn, you think karma farming is bad now? Imagine if upvotes actually translated to money, regardless of how bad the exchange rate is. The post makes it seem all high and mighty moonshot, but it's most likely they introduce their own crypto that you can trade and maybe earn. Maybe a tipping feature similar to twitter. I don't know if that's going "all in" but it could certainly change the dynamics. It's already highl…
They already have their own cryptocurrency.
In r/cryptocurrency you can earn “moons” based on your monthly upvotes. Lots of karma farming going on like you said.
Re: Is Reddit going all in on Web3?
#16Damn, you think karma farming is bad now? Imagine if upvotes actually translated to money, regardless of how bad the exchange rate is. The post makes it seem all high and mighty moonshot, but it's most likely they introduce their own crypto that you can trade and maybe earn. Maybe a tipping feature similar to twitter. I don't know if that's going "all in" but it could certainly change the dynamics. It's already highl…
The karma farming point reminds me of Steemit: https://steemit.com/
I visited this a couple of years ago to see what all the fuss was about, and what I saw were many people from mostly developing countries posting very low quality comments and content, all in the hope that it would bring them money. Once you change incentives like that, you don't need to worry about posting quality content, you're only focused on content that brings in money.
Of course, quality is subjective, and you could say something similar about some of the popular YouTubers, but there at least some resemblance of effort is needed to produce content and have a consistent viewership. For Steemit, it seemed doomed right from the beginning.
Re: Is Reddit going all in on Web3?
#17Reddit can't build functional software. I would never consider letting thdm connect to my wallet.
Re: Is Reddit going all in on Web3?
#18This is great news. I spend too much time on Reddit right now and this would make me not want to spend time on Reddit.
heh, old man yells at cloud.
Older man here (figuratively, I don’t know GP’s age [edit: and I’d be remiss if I don’t mention I’m NB]), and I just felt that way already when Reddit came to my attention and I’ve been glad to be continually validated that I don’t need to spend time on the platform. I’m v old and it’s a big cloud.
Re: Is Reddit going all in on Web3?
#19The crypto job is most likely related to Community Points.
Re: Is Reddit going all in on Web3?
#20Damn, you think karma farming is bad now? Imagine if upvotes actually translated to money, regardless of how bad the exchange rate is. The post makes it seem all high and mighty moonshot, but it's most likely they introduce their own crypto that you can trade and maybe earn. Maybe a tipping feature similar to twitter. I don't know if that's going "all in" but it could certainly change the dynamics. It's already highl…
The karma farming point reminds me of Steemit: https://steemit.com/ I visited this a couple of years ago to see what all the fuss was about, and what I saw were many people from mostly developing countries posting very low quality comments and content, all in the hope that it would bring them money. Once you change incentives like that, you don't need to worry about posting quality content, you're only focused on con…
The way you describe Steemit reminds me 100% of Quora.