this post was submitted on 19 Oct 2023
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Reddit’s blockchain-based “Community Points” rewards crash after sunsetting (arstechnica.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit’s blockchain-based “Community Points” rewards crash after sunsetting::Tokens based on subreddit reputation saw dips over 85% after the announcement.

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[–] uid0gid0@lemmy.world 46 points 2 years ago (4 children)

"take your reputation anywhere you want on the Internet."

How is this supposed to work exactly? Does any other site care about your reddit karma?

[–] micka190@lemmy.world 60 points 2 years 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.

[–] Llamadramas@lemmy.world 7 points 2 years ago

Anyone remember Klout, I think it was this but before blockchain.