Reddit will start paying you real money for your karma::Reddit announced a contributor program on Monday, which awards users actual, real money for their fake internet points. Now, eligible users will be able
So far, the Reddit contributor program is limited to users in the United States (to start, at least) who are over the age of 18 and can verify their identity via Persona and Stripe.
Guys, here’s the real reason. So they can positively identify you. Evidently this is how much that knowledge is worth. They can probably then start selling your posted data to other companies that have also “verified” you via Persona and Stripe. Once those datasets start getting linked together, well I will let your imagination run with that.
My initial thought. Whenever you do shit on reddit like sailing the high seas and doing some serious stuff. Once you opt in and be verified it can be linked back to you. No more masked on a account on who is behind this and that. Easy catch
"But there are concerns that programs like this can incentivize spammy posting, or ‘engagement bait.’ "
The cryptocurrency subreddit started this a while back with their Moons and it completely changed how the whole subreddit worked. The monetary incentive seems to ruin any sort of natural engagement.
Reminds me of the Behavioral Economics classic case of the daycare that started charging for late pickup. Instead of disincentivizing bad behavior, it assigned a price to a service which people became happy to pay, when prior they avoided doing it due to social stigma.
If you thought karma farming on reddit was bad before…
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Hard disagree, bots cant be toxic
They should have just given the money to good moderators that clean up their shitty platform
Article title is misleading vs the text.
Everything I read suggests that Reddit will pay you out for Reddit Gold your account earned, not karma.
Nah, I’m good on that.
but don’t worry they’ll still ban you for complete bullshit reasons
for real…my last account, i got banned from r/antiwork for saying eat the rich in relevant context. i appealed the ban, appeal denied. i PM’ed the mod and called him a hypocrite, account banned from reddit for mod harassment. appealed that, was told that was indeed harassment. they killed the API a few months later so I never got around to making another one
I had a similar experience. I don’t even remember the sub, but I was banned so I asked why I was banned. Site banned for mod harassment for asking a question. Sucks for them cuz they banned a bunch of bot accounts that I ran as well. This was pre API changes so they still provided value.
A few mods reached out to ask if they could have the bot code but I was like, fuck Reddit lol.
Sadly we’re not together anymore. We tried to work it out, but I needed to move on and put that behind me.
Super unpopular opinion but, I do think there will have to be some middle ground. All of us in Lemmy can see the issues with something beautiful and free thing like this. It exists only thanks to highly skilled people putting in ridiculous hours and the donations of a few folks but shuts down, has trouble scaling up etc.
If we want Lemmy to get big enough that the niche communities thrive, we’ll probably need to figure out a way to pay the devs, probably moderators and if we want truly engaging content, the posters.
I don’t know what that looks like but the flip side of the “there are only low effort memes and few good in depth discussions” is that we gwt what we pay for. If we don’t want ads, some form of direct albeit minimal payment seems like an eventual solution.
You could already sell your high karma accounts for real money on the black market.
Oh no. What will happen if I run a bot farm of 10,000 accounts that upvote my sock puppet account?
You might just cover a portion of your infra costs
Ha ha! The Asian bot / spam accounts will be going MENTAL.
Those guys you see with 20 phones will need a bigger rack for 100.
bot / spam accounts will be going MENTAL
You can’t earn money this way using bots. Even with full control of an arbitrarily large set of bots, the best you can do is get out 50 cents for every dollar you put in.
That’s still potentially a 50% increase in profits for sold accounts
Can I just cash out my karma? I need money lol
Ha ha! The Asian bot / spam accounts will be going MENTAL.
Those guys you see with 20 phones will need a bigger rack for 100.
