Community Points - Own a Piece of Your Community
www.reddit.com
Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.

Do they want users to switch to the fediverse?

Bonus

  • Blinky@lemmy.ml
    12·
    3 years ago

    Copy paste of the blockchain section if anyone want to avoid reddit trackers:

    Community Points exist on the Ethereum blockchain, which uses similar technology to Bitcoin to guarantee that ownership and control rests with you.

    Community Points are stored as standard ERC-20 tokens on the Ethereum blockchain, so they’re interoperable with existing blockchain tools.
Ethereum is a public blockchain that Reddit doesn’t control.
Community Points are owned pseudonymously. Nothing on the Ethereum network connects to your real name or real identity.

    Why the Ethereum blockchain?

    Ethereum is a general-purpose blockchain with smart contracts that enable programmable tokens, like Community Points.

    How is this built?

    On Ethereum, Community Points are run by a suite of smart contracts that manage balances, distribution/claiming, and purchasing memberships. The smart contracts also leverage existing parts of the Ethereum ecosystem, such as ERC-20 token standards.

    The smart contracts have been reviewed and audited by Trail of Bits, an independent blockchain security firm.

    What is gas, and who’s paying for it?

    Transactions on the Ethereum network cost “gas”, which are micro amounts of Ethereum’s native cryptocurrency (Ether). Since most Redditors do not have Ether already, Reddit will cover their cost of gas for now, through meta-transactions and the Gas Station Network. (This only applies when using Reddit Vault to access Community Points. Using other Ethereum wallets may require users to pay for gas costs themselves). We plan to adopt better scaling and gas solutions in the future as they emerge.

    Which Ethereum network is this using?

    Community Points are currently on the Rinkeby testnet (through summer 2020), and balances, transactions, and memberships may be reset during that period.

    Afterwards, we will be migrating Community Points to the Ethereum mainnet. Points balances will be carried over (though will need to be reclaimed).

    Bug Bounty / Whitehat Program

    To help identify potential bugs, Reddit is inviting security researchers to assist in finding vulnerabilities in Community Points. Interested developers and security researchers should visit https://www.reddit.com/wiki/whitehat.

  • Dessalines@lemmy.ml
    12·
    3 years ago

    Some of the scarier points. They seem to be adding power users, whose votes on polls are weighted by their community points:

    Not that reddit isn’t already easy enough to game, but if this is successful, they might use it to change default sorts too.

    Special privileges for power users:

    They’re bloating the eth blockchain by doing these as eth contracts:

        • AgreeableLandscape@lemmy.ml
          2·
          3 years ago

          Eh, both of those serve no real purpose anyway.

          In all seriousness: I actually hate how much threads can get spammed by the new gif feature gimmick. They almost never add anything of value to the discussion and take up a ton of space. Slide for Reddit doesn’t support them at all and I feel like I’ve missed nothing.

    • m-p{3}@lemmy.ml
      6·
      3 years ago

      They seem to be adding power users, whose votes on polls are weighted by their community points

      Starting to sounds like Digg.

  • ghost_laptop@lemmy.ml
    11·
    3 years ago

    do you want to help with net neutrality? start using our closed source cryptocurrency which is centralized! /s

    • nutomic@lemmy.mlOP
      10·
      3 years ago

      I think the bigger problem is that you cant seem to opt out of the cryptocurrency integration. That could potentially piss off a lot of people.

  • gun@lemmy.ml
    11·
    3 years ago

    I almost expected a link to join lemmy at the end of that little presentation.

  • TheConquestOfBed@lemmy.ml
    5·
    3 years ago

    Redditors love money grifts, the hogs are gonna eat up this slop even if it empties their wallets faster than gamestop trades.

  • JBGD@lemmy.ml
    5·
    3 years ago

    “AITA for spending my child’s college tuition on Reddit NFTs”

  • tmpodA
    4·
    3 years ago

    Page doesn’t work on {old,i}.reddit.com and you can’t even create a vault on desktop, you need to use their bloated app. Lol no

  • k_o_t@lemmy.ml
    2·
    3 years ago

    i’m not sure i’ve ever done this, but can someone please make a tldr?

    like, i don’t care about reddit too much, but mildly curious