Reddit is getting rid of its Gold awards system - The platform is sunsetting coins and awards but is working on a ‘new direction for awarding’ that it will reveal more about in the coming months.

Reddit is sunsetting its current coins and awards systems, meaning you soon won’t be able to thank a kind stranger for giving you Reddit Gold for one of your posts.

Awards are little icons on posts you might have come across while scrolling around Reddit, and they’re given by other users to show appreciation for a post. Perhaps the most commonly-known award is Reddit Gold, which shows up as a gold medal with a star, but there also reaction awards and awards specific to certain communities.

To buy an award, you need to use Reddit Coins, but if you don’t already have some, you aren’t able to get any more of them as of Thursday, according to a post from Reddit admin (employee) venkman01. Awards and existing coins will still be available until September 12th, and the change to the awards and coins systems means that Reddit Premium subscribers won’t get a regular allotment of coins.

“While we saw many of the awards used as a fun way to recognize contributions from your fellow redditors, looking back at those eons, we also saw consistent feedback on awards as a whole,” venkman01 said. “First, many don’t appreciate the clutter from awards (50+ awards right now, but who’s counting?) and all the steps that go into actually awarding content. Second, redditors want awarded content to be more valuable to the recipient.”

Reddit does have plans for some kind of award system in the future, but the post only provides vague hints about what that might look like. “Rewarding content and contribution (as well as something golden) will still be a core part of Reddit,” venkman01 said. “In the coming months, we’ll be sharing more about a new direction for awarding that allows redditors to empower one another and create more meaningful ways to reward high-quality contributions on Reddit." In a reply, venkman01 said that “we want to create a system that is simple, easy to use, and easy to understand.”

Many users aren’t happy with Reddit’s decision. “Killing features without replacements ready, yep, sounds like Reddit to me,” wrote one user in a highly-awarded reply. Another, replying to an announcement post in a subreddit for moderator news, expressed unhappiness that Reddit isn’t providing some sort of compensation or transition into the next system. And for users already frustrated at Reddit over new API pricing that forced some popular third-party apps to shut down, the loss of awards like Reddit Gold, arguably one of the most iconic elements of the platform, could sting that much more.

While Reddit hasn’t specified what the new system might look like, Android Authority may have dug up some clues. Based on code in the Reddit’s Android app, Reddit appears to be working on a “contributor program” that would let users cash out gold or karma (basically, points you get for posts, comments, or giving awards) they receive into real money. Reddit didn’t respond to a request for comment sent Wednesday about Android Authority’s article.
 
Admins handed those out like candy and still only got a few embarrassing whales to buy into it.
I bet you they try to come up with some kind of Twitter Blue-style subscription service, where you bypass new/arbitrary comment limits, vote limits, moderation limits, etc.
Its not going to work as long as you can get shadowbanned or banned by power mods if they want that they will actually need to pay for jannys but they won't. The reason why twitter blue works is because it gives you shield from banning unless is egregious shit
 
wouldn't be surprised if they removed all this just to do UpDoot+™, where you pay $9.99 a month to updoot unlimited posts instead of just sending people awards because fuck you, that's why. only free users can updoot 10 posts every hour unless they have to pay the $10 to updoot all the hecking wholesome big chungus posts you want.
 
Not like this place is any welcoming to Redditors anyway, what with the "wrong-think" every thread. Interestingly maybe they'd be willing to tolerate or even espouse it, so long as it gets their comments highlighted.
 
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Would be funny if redditors threw an actual proper shitfit that would cost money about this and not when API shit was happening, it would also prove where there priorities lie.
 
i always figured that the gold "thanks kind stranger" was fake awards handed out by admins to make them seem like more meaningful karma to redditard masses. As another person point out, they prbably had some dsp level whales who bought in as well. I think anyone who was using reddit when they introduced this faggot obvious money grab bull shit and ever participated should kill themselves out of shame.
 
While Reddit hasn’t specified what the new system might look like, Android Authority may have dug up some clues. Based on code in the Reddit’s Android app, Reddit appears to be working on a “contributor program” that would let users cash out gold or karma (basically, points you get for posts, comments, or giving awards) they receive into real money. Reddit didn’t respond to a request for comment sent Wednesday about Android Authority’s article.
Hold on so you're telling me that I can set up a bunch of bots to downvote people and actually do financial harm to them? Well shit, I'm onboard with this change now.

Memes aside, my favorite part of this is that it implies that if you can cash out reddit engagement, then engaging in reddit is no longer free. Pay $5 to get 500 upvotes to spend, or spend $10 to get 1000 upvotes plus 100 bonus upvotes! Buy today!
 
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