Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There’s way too much to process here. This is going to be wild.
Apparently, this has been around for ages:
May 28 2020: https://consensys.net/blog/news/everything-you-need-to-know-about-reddits-new-blockchain-based-community-points/
May 15 2020: https://old.reddit.com/r/ModSupport/comments/gk0x6g/could_the_admins_please_explain_this_community/
IA History: https://web.archive.org/web/20230000000000*/https://www.reddit.com/community-points
Discussions of proliferating it and fantasies about the resulting weird exploitation it will enable have occurred as well:
March 17 2023: https://old.reddit.com/r/CryptoCurrency/comments/11tv5vz/when_community_points_are_introduced_to_other/
July 16 2023: https://old.reddit.com/r/CryptoCurrency/comments/151fg8h/which_subreddits_need_to_be_the_next_to_get/
Apparently, they also tried to do this before, almost 9 years ago:
https://www.engadget.com/2014-12-19-reddit-notes.html
https://techcrunch.com/2014/12/19/reddit-announces-redditnotes-a-way-to-share-equity-with-readers/
https://www.theverge.com/2014/12/20/7427491/reddit-notes-announced-give-5-million-dollars-to-users
https://slate.com/business/2014/12/what-reddit-notes-are-their-history-and-future.html
https://old.reddit.com/r/blog/comments/2pt25f/announcing_reddit_notes/
https://old.reddit.com/r/TheoryOfReddit/comments/5fyaec/what_happened_to_reddit_notes/
https://www.fortune.com/2015/01/30/reddit-notes-is-not-going-to-happen/
Kinda puts things in a new light. Ruining the site has always been the plan.
ah, this explains why there’s almost zero hubbub about it on reddit right now.