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God, but that just seems like the worst. The fun of karma was that it was worthless but hey, a lot of us liked seeing big number go up and that was fulfilling in itself. Now people are going to be incentived to post for the sake of posting to try to earn something. Low effort, contentious, engagement driving spam.
Every time a crypto bro says that users "should be paid for their posts" I think about what a horrible hellscape a platform would be when the main motivation to share on it is financial profit. Look at how many people on Tiktok are slaves to the algorithm and they don't even make money directly from that.
Right? It's already bad enough how it feels like the sole purpose of every blog is to push affiliate links. Every product review I have to wonder if the author for paid for it. Every YouTube video feels like the creator will push whatever scam pays them money.
Actually, on the YouTube video note, Legal Eagle has a great video about how many YouTubers pushed this scam claiming you could "buy an official lord/lady title by purchasing a 1 square foot plot of land in Scotland". Basically a rehash of those star registries from the early 2000s. So many massive YouTube channels promoted them with blatantly false claims. And frankly every time I see a VPN ad (because it feels like pretty much every YouTube channel is sponsored by one or another), I just know they're going to make misleading claims.
Yeah it's a pretty lame system. It also incentivizes downvoting everyone so you get more of a share of the distributions