this post was submitted on 21 Jun 2023
178 points (100.0% liked)

Reddit Migration

670 readers
1 users here now

### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/

founded 1 year ago
 

Firstly, they de-valued upvotes and the equality that every user's opinion had before they were introduced.
And secondly, they were so abundant that they didn't mean anything anyway.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 1 year ago (1 children)

Back before Reddit was mostly being run by VCs, Reddit gold was actually able to cover the site's running costs. They used to have a meter on the front page that showed every day when enough gold had been bought to pay for the day's hosting costs. They probably could have kept up that dynamic forever, but instead they insisted on going after even more profit.

[โ€“] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Oh this is good to know. Now we know that it would be a (near) viable model for the Lemmyverse.