Or just create bots to farm community points and then you don't even have to pay that much at all.

If you get downvoted that means less points at the end of the month so you better conform.

This system basically encourages karma-whoring reposting behavior that slowly turns Reddit into a TikTok mirror. What could go wrong?

so what’s stopping rich assholes from buying up points and using their capital to take over communities?

Oh silly boy/girl, that's exactly why it's set up that way. :D

JK. Seriously, though, I doubt reddit cares where the funds come from. Pretty short-sighted to me, tbh. When money takes over, I wonder how redditors will react.

Can you spend points to get spez fired?

Blockchain never does anything better than any other database, in fact it does pretty much everything worse.

Yeah it's not the worst idea in theory but implementation needs to be perfect. Even if they don't allow token transfers I feel like this will make power users even more powerful without some kind of forced regulation. A repost bot could get the lion's share of tokens and take over governance.

The points are on the blockchain? Uh… so what’s stopping rich assholes from buying up points and using their capital to take over communities?

That's the whole point. Want control over a community? Just buy it!

so what’s stopping rich assholes from buying up points and using their capital to take over communities?

Nothing, that's the point :) Rich assholes pay, Reddit makes $$$.