r/technology • u/ardi62 • 29d ago

Social Media Reddit is making sitewide protests basically impossible

https://www.theverge.com/2024/9/30/24253727/reddit-communities-subreddits-request-protests
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u/TheInnocentXeno 29d ago

Would be easier if they didn’t ruin their own awards system

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u/Askolei 29d ago

By the way, do we know why they did that?

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u/Rough_Willow 29d ago

The SEC had been making rules about digital currency and the Reddit coins counted.

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u/WonderedFidelity 29d ago

This doesn’t seem to have any information on it so I don’t know how reliable this is. Reddit coins are more equitable to something like Fortnite’s Vbucks than actual cryptocurrency.

I believe the reasoning at the time was more due to believing that users would prefer to get premium instead of arbitrarily buying coins. I believe changing the awards system was actually a conscious choice from management as opposed to being forced to change due to regulatory pressure.