falkerie71 comments on The new system to replace Reddit coins and awards is here. You got out at the right time.

this post was submitted on 09 Aug 2023

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The new system to replace Reddit coins and awards is here. You got out at the right time. (www.reddit.com)

submitted 3 years ago by Bucky@816am.ddns.net to c/reddit@lemmy.world

548 comments fedilink hide all child comments

Read all about it at the above link. There's way too much to process here. This is going to be wild.

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[–] falkerie71@sh.itjust.works 122 points 3 years ago (6 children)

So it's basically Reddit NFTs. Let's just call it as it is.

It is time for them to take back ownership and control. It is time for a change.

Lol. You're still on Reddit. You're not controlling shit.

As blockchain tokens that are owned and controlled by communities themselves — not by any app or platform — Community Points represent a way for Redditors to own a piece of their favorite communities.

You don't own it, it's made by Reddit, distributed by Reddit, and only useful on Reddit and not anywhere else. What's the meaning of decentralization and ownership if it's only useful in one place?

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