this post was submitted on 16 Jun 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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Actually... Reddit has been experimenting with this for a few years in r/cryptocurrency where people earn "moons" depending on a series of rules based on their engagement, submissions, number of upvotes, community participation, and so on.
It's mostly led to people gambling the system to earn money.
I definitely don't think the current system is ready to be deployed on a site wide scale, but it would be interesting to see them try 🍿🍿
That's interesting. I wonder how much of the gambling was intrinsic to the idea, and how much it was caused by how and where (like, you're dropping a new crypto in a comm where people try to make money from crypto. Of course you'll get some abuse)
Another scenario that could ruin this idea would be well-organised infiltration - like a half dozen posters coordinating to game the system together, so they have more power than they should, until they can force the community to become something else.
Yes! Specially pre-IPO. Investors really do not like things changing suddenly, as they increase the associated risk.