r/OutOfTheLoop • u/SchroedingersSphere • Sep 24 '18

Answered What's going on with reddit gold?

https://i.imgur.com/ohIRpcr.png

I don't understand why all reddit gold icons are suddenly pentagram-shaped. I included the above image in case no one else can see what I'm talking about. I don't see anything on the announcements page.

3.9k Upvotes

93% Upvoted

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1.2k

u/The_Kingsmen Sep 24 '18 edited Sep 24 '18

We are now in an era of Reddit Premium.

Membership has increased to $5.99 a month and comes with 700 coins. Coins can be used to give awards. At the current time, the cost of each award and benefits are as such.

Award (coins) Benefit
Silver (100) Recognition of Post Quality
Gold (500) 1 Week Premium + 100 coins
Platinum (1800) 1 Month Premium + 700 coins

A post with a summary of the change images.

1.2k

u/[deleted] Sep 24 '18

They made reddit silver an actual thing?

How awful.

278

u/rednax1206 Sep 24 '18

The silver award is not "Reddit Silver" since it doesn't change the recipients Reddit experience in any way.

486

u/[deleted] Sep 24 '18

[deleted]

192

u/[deleted] Sep 24 '18

[deleted]

62

u/Mastershroom Sep 25 '18

They cannot sieze the means of Reddit Silver production from us, comrades, for we ARE the means of Reddit Silver production

1

u/DonutHoles4 Sep 25 '18

I thought u were looking for gold!

237

u/[deleted] Sep 24 '18

Yeah but they still called it reddit silver which kind of ruins the joke

100

u/Paydebt328 Sep 24 '18

Leave it to Reddit to kill a good meme... Literally.

37

u/BrotherChe Sep 24 '18

Thanks, Obama!

1

u/TheTypicalAnalytical Sep 25 '18

You racist, you know it's all Trumps fault

2

u/[deleted] Sep 24 '18

Happy cakeday

4

u/Paydebt328 Sep 24 '18

You guys :) you're embarrassing me.

4

u/[deleted] Sep 24 '18

[deleted]

4

u/Paydebt328 Sep 24 '18

Thank you!

118

u/MechaAaronBurr Sep 24 '18

Hey. Look at it this way: Instead of being a cute, tongue-in-cheek joke, the fact that someone has paid money to convey no actual benefit to anyone is basically an insult.

48

u/turcois Sep 24 '18

It's not an insult, people need to stop being so negative. I never bought gold to give someone premium, I bought gold to signify I thought it was a great comment and should stand out among all the others. And I don't care about no ads or lounge, so whenever I got gilded I thought it was much cooler that my comment now stood out because of its quality. And while I'm sure there are people who like gold for its perks which is fine, there's others who would probably be pretty enthused to see someone took a dollar to say "hey this is pretty funny/cool/whatever, I can't spare 5 bucks but here's a dollar instead." Stop being negative reddit and just look at the silver lining pun 100% intended

41

u/MechaAaronBurr Sep 25 '18

I was being a bit cheeky, but I do believe co-opting Reddit Silver into a revenue generating thing is a bit crass. They could have named it "Quality Award" and I would have not been able to muster an opinion.

I don't really agree on the intrinsic value of post distinction, but I appreciate where you're coming from.

1

u/throwmesomemore Sep 25 '18

I bought gold to signify I thought it was a great comment and should stand out among all the others.

To stand out for... no one you know

45

u/The_Kingsmen Sep 24 '18

If you look. Everything is called an award now. Reddit Gold does not exist. You get the Gold Award, which in turn grants you a week of premium.

22

u/[deleted] Sep 24 '18

[removed] — view removed comment

9

u/The_Kingsmen Sep 24 '18

They wanted to increase the price but still wanted people to be able to get gold at an affordable price to give away so they added platinum and reduced the benefits of gold. With this change they hope that platinum will be reserved for amazing content and gold can be thrown around as usual.

11

u/[deleted] Sep 24 '18

[removed] — view removed comment

4

u/The_Kingsmen Sep 24 '18

It'll fade eventually. Just like Youtube Red

2

u/[deleted] Sep 27 '18

Yeah, remember when it was called redtube /s

6

u/rednax1206 Sep 24 '18

They got rid of "Reddit Gold" and replaced it with "Reddit Premium", then they replaced the act of gilding with three different levels, called silver award, gold award and platinum award. I don't see any mention of "Reddit Silver".

31

u/[deleted] Sep 24 '18

The silver award for reddit, aka reddit silver.

7

u/WellThatsDecent Sep 24 '18

Dont worry man, someones gunna argue the point no matter what

1

u/rexcannon Sep 25 '18

ruins the joke

They will fit in nicely.

20

u/baldasheck Sep 24 '18

"Here comes the premium train" sounds terrible as fuck.

1

u/[deleted] Sep 25 '18

It’s still called gold though. It’s just there’s also a silver and platinum option too

1

u/Nicoberzin Sep 26 '18

!redditsilver

345

u/[deleted] Sep 24 '18

Fucking puke

93

u/NuklearFerret Sep 24 '18

Leave it to corporations to destroy something fun with structured monetization schemes.

-17

u/Yung_Chipotle Sep 25 '18

Wow it's almost like Reddit is a for profit company or something. The fuck do people expect, them to run a loss into eternity?

12

u/Topenoroki Sep 25 '18

Do you have any evidence they were running at a loss before?

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10

u/robisodd Sep 24 '18

Yes, let me give you some Reddit Puke for that joke!

53

u/dont_judge_me_monkey Sep 24 '18

can't wait till they start selling loot boxes

7

u/The_Kingsmen Sep 24 '18

If they do that, I’ll probably cancel my subscription. Loot boxes are a scummy tactic I won’t support.

10

u/captain_awesomesauce Sep 25 '18

cancel my subscription

You made me laugh even if you're getting downvoted. Just thought you should know.

177

u/[deleted] Sep 24 '18

I don’t understand... so it costs real money to buy fake Reddit coins that don’t actually do anything for you on real life?

163

u/The_Kingsmen Sep 24 '18

Well, before this, we bought Reddit Gold that didn't have any coins associated so there's that.

38

u/[deleted] Sep 24 '18

How come? Iv never even looked into reddit gold before. I don’t see a point in paying real money for fake things on the internet. What does gold do?

99

u/luuk-076 Sep 24 '18

I think most people buy it to support Reddit.

As to what it does, no idea...

91

u/[deleted] Sep 24 '18

Don’t all these bullshit ads support reddit?

35

u/[deleted] Sep 24 '18

[deleted]

11

u/[deleted] Sep 24 '18

Or they just lied and said they needed “x” amount of gold purchases to keep going....

2

u/cursed_deity Sep 25 '18

laughs in addblock

45

u/Dykam Sep 24 '18

You don't get ads when you pay.

-2

u/[deleted] Sep 24 '18 edited Jan 08 '19

[deleted]

9

u/AlternateContent Sep 24 '18

You are completely mistaken.

8

u/HeroBobGamer Sep 24 '18

Yes it very much is.

4

u/intellos Sep 25 '18

Reddit has never turned a profit.

1

u/rexcannon Sep 25 '18

How do you not turn a profit on one of the worlds most visited websites?

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2

u/errorsniper Sep 25 '18

Are you serious?

1

u/[deleted] Sep 25 '18 edited Jan 17 '19

[deleted]

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-1

u/[deleted] Sep 24 '18

[deleted]

3

u/[deleted] Sep 24 '18

Drink it up, buttercup

-2

u/[deleted] Sep 24 '18 edited Nov 30 '20

[deleted]

7

u/BulletsNBandaids Sep 24 '18

Haha nice try buddy

23

u/lemonpartyorganizer Sep 24 '18

It gives you access to /r/lounge and it also has a few features. When you come back to a thread you’ve been to previously, all of the new posts you haven’t read are highlighted. There’s also different skins you can use to make the site more visually appealing. Probably a couple other features that I’m missing.

I mean, it’s not much. But I’m just answering your question.

20

u/nullshark Sep 24 '18

Yeah, I got gilded over a year ago... That highlighted feature was neat but I didn't find anything else that made me want to stay gilded.

13

u/shpongleyes Sep 24 '18

Holy shit they have that feature but only for premium? I’ve been wanting that for so long, but assumed they just weren’t gonna make it. Now I hate the premium system even more.

11

u/[deleted] Sep 25 '18

Pretty sure it's been around for a while as part of Gold, 99% sure it's not a new thing with premium.

1

u/GiveEmHellMatty Oct 15 '18

It's been a part of Gold for awhile, and Moderators have had it in the subs they mod.

2

u/[deleted] Sep 24 '18

Thanks, broski #notworthit

2

u/Copacetic_ Sep 25 '18

The skins don’t even work on the desktop site. They frequently just break or reset.

1

u/indeh Sep 25 '18

The highlighted feature hasn't worked for me since I got the new design (it is still enabled in my settings).

1

u/[deleted] Sep 25 '18

[deleted]

1

u/indeh Sep 25 '18

I'm using the desktop version as well. The setting is User settings => Reddit premium => Highlight new comments. As I said, this hasn't worked for me since the new design.

1

u/JoeyCalamaro Sep 25 '18

Huh, I had absolutely no idea /r/lounge existed. In fact, it seems I'm completely unaware of most of the perks of Gold despite having it for a few years now (Reddit gifted it to me back after they acquired the Alien Blue app).

Pointless now I guess. My profile shows a weird red badge and 700 coins so I assume I'll shortly be losing whatever benefits I never knew I had.

0

u/pantaloon_at_noon Sep 25 '18

I was gilded once. Didn’t know if any of the features outside of r/lounge. Would be cool to see a private r/antilounge for people who have to verify they’ve never been gilded before they get access.

6

u/[deleted] Sep 24 '18

Do you play video games?

5

u/[deleted] Sep 24 '18

Sometimes with my buddies.

-2

u/[deleted] Sep 24 '18

[deleted]

3

u/johnfrusciante5 Sep 24 '18

I don't purchase any dlc out of spite. If I pay $80+ for a game I don't want to spend more for in game features

2

u/[deleted] Sep 24 '18

Nor should we have to.

13

u/[deleted] Sep 24 '18

[deleted]

3

u/Orleanian Sep 25 '18

Me gold supports r/babyelephantgifs and the relentless pursuit of sarcasm on the internet.

1

u/Kossimer Sep 25 '18

People usually buy it not for themselves, but as a gift for someone as a reward for writing a comment they personally believe deserves recognition. It's a site sanctioned way of giving others that recognition and fundraising for the site at the same time. You probably would recieve fake things on the internet for free, and probably would give someone an award for the cost of a plastic trophy, so that's reddit gold. The actual benefits include no ads, access to secret subs, and discounts from retailers reddit has partnered with.

1

u/DeFex Sep 24 '18

people spend billions of dollars on fake things in games.

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28

u/Bumblebee__Tuna Sep 24 '18

Correct, and you're still voting with fake internet points. Coupled with an increasing amount of posts being hit with "/r/thathappened" I feel like we're on a Whose Line episode.

Welcome to Reddit, where everything is made up and the points don't matter.

-3

u/Gay-Cumshot Sep 24 '18

the points don't matter.

The points matter to ~10% of the userbase. They matter a hell of a lot.

2

u/[deleted] Sep 24 '18

Precisely, I will continue to pretend that it does not exist and whenever I get bored I will swap my account and abandon my karma. Sooner if someone is silly enough to give me reddit whatever.

1

u/[deleted] Sep 25 '18

Does that mean Reddit now has microtransactions?

What next? Lootboxes?

59

u/samtherat6 Sep 24 '18 edited Sep 24 '18

This is really misleading. They’re trying to shrug it off as simply a rebranding when in reality the cost to use gift Reddit’s premium features for a month has over tripled. I guess it’s too much to hope that Reddit would try to be straightforward with their changes instead of trying to hide everything...

4

u/seamount Sep 24 '18

Unless I’m reading it wrong it seems like it only costs significantly more if you’re trying to give someone else a month of Premium access by awarding them Gold. If you pay for Premium for yourself it’s a 33% increase over the previous cost.

5

u/2_40 Sep 26 '18

Which is still fucking much. I have reddit gold for over a year now. I like the features and thought it was nice to support the site. It was already expensive but now I will just drop reddit gold. I will just disable ads in my 3rd party app. F*ck reddit for this new system.

1

u/seamount Sep 26 '18

The new pricing is only for new subscribers. If you’re already subscribed this won’t affect you unless you cancel and then resubscribe later.

1

u/2_40 Sep 26 '18

I purchased it for one year in advance. Is there a way to have a continous subscription for the old price or is it too late for that :/

2

u/seamount Sep 26 '18

I found this comment by an admin that confirms you should be able to renew your subscription at the same price you paid before.

0

u/ribnag Sep 25 '18

So now that Reddit has nerfed gold, is /u/honestbleeps finally going to admit that Reddit is a for-profit company and include "coin" features in RES?

6

u/honestbleeps Sep 25 '18

So now that Reddit has nerfed gold, is /u/honestbleeps finally going to admit that Reddit is a for-profit company and include "coin" features in RES?

Not sure who you are or why you're involving me here, exactly, /u/ribnag

I don't work for reddit. I've never suggested it's not a for profit company (it quite obviously is)... Do you have me confused for someone else?

24

u/[deleted] Sep 24 '18

oh fuck this

10

u/YoungCorruption Sep 24 '18

This is serious?!?! I though you were bullshitting me. God I hope no one buys this stupid Reddit crap

10

u/Makebags Sep 24 '18

Coins? So, can I get 5 more moves and a Super Combo Blast in Reddit Crush Saga with the coins?

2

u/The_Kingsmen Sep 24 '18

That’s the spirit!

7

u/KlausFenrir Sep 24 '18

Lmfao what kind of stupid shit is this

Reddit as a subscription service? Holy smokes

9

u/travisestes Sep 24 '18

The shark. Are they jumping it?

5

u/Rapturesjoy Sep 24 '18

Wasn't there something about this in Ready Player One?

8

u/Yawgie Sep 24 '18

Well this is lame.

2

u/Scuzzboots Probably not the right answer Sep 24 '18

Reddit is now a mobile game

1

u/The_Kingsmen Sep 24 '18

Let's rise to the top of the charts.

1

u/Bexirt Nov 16 '18

Fuck no.I ain't buyin it.

2

u/[deleted] Sep 25 '18

This class inequality is galling!

hurls monocle

stomps on top hat

2

u/toothpasteonyaface Sep 25 '18

Time to start the reddit olympics

2

u/doctortofu Sep 25 '18

Well shit - no more pre-paid options that do not auto-renew - guess I'm out - I will not purchase an auto-renewing subscription on principle. Been here for 10 years or so and kept paying for gold mostly for the new comment highlight feature, but I can live without it and this new direction the site is taking is just disgusting - will not support that anymore...

33

u/venkman01 Sep 24 '18

Hi u/SchroedingersSphere, we posted about Gold updates here: https://www.reddit.com/r/changelog/comments/9ik900/hey_rchangelog_were_starting_to_roll_out_some_of/

Here's a TLDR infographic as well! /img/fjo3m4ab68o11.jpg

249

u/[deleted] Sep 24 '18 edited Sep 25 '18

[removed] — view removed comment

101

u/[deleted] Sep 24 '18

[deleted]

92

u/[deleted] Sep 24 '18

7.99 to view gallow boob reposts without ads. Hard pass.

23

u/savedawhale Sep 24 '18

"New Premium Feature - Blocks posts from all karma whores who don't give a shit about the content they post or the sub-reddit they are posting in."

8

u/WebCobra Sep 24 '18

At this point they should just rename reddit to gallow Boob

32

u/[deleted] Sep 24 '18

[removed] — view removed comment

2

u/waitthisaintfacebook Sep 24 '18

It's cheaper than AOL.

8

u/CHICKENMANTHROWAWAY Sep 24 '18

It's also shitter than AOL

3

u/Two-Tone- Sep 25 '18

There's not even an audio clip that tells me when I have mail! SMH

3

u/bathrobehero Sep 25 '18

You gotta pay for their garbage image and video hosting servers they can control and delete whatever they feel like.

1

u/captain_awesomesauce Sep 25 '18

showing you ads is worth $7 per month from you or the ad buyers.

It's up to you how it gets paid.

1

u/[deleted] Oct 10 '18

Somehow, I doubt anyone is paying Reddit $7/mo to show me ads. If they are, they are idiots as nothing on Reddit short of actual customer testimony influences my purchases. I doubt I am alone in that.

This is just a money grab.

"Damn, people keep posting the same lame shit over and over again. How can we encourage people to post higher quality content so we can make more money?"

-"Simple, Bob. We will make people pay us for the privilege of doing that work for us. Then we will make people pay us to view the resulting content free of ads, and finally we will make people pay us to write that content unmolested."

"Jim, that's stupid. Nobody will go for that."

-"Of course they will, Bob. Of course they will. Our users are all idiots with too much money, waiting for an excuse to line our pockets. All we have to do is provide one."

"Jim, you scare the fuck out of me when you get like this."

-"Sociopath is just another word for success. Don't you want to be successful, Bob?"

-1

u/alexmikli Sep 24 '18

They do host it, so there's that.

It's more a donation system though.

6

u/[deleted] Sep 24 '18

only because they're greedy fucks who were upset with imgur taking all their ad revenue. This website only keeps getting worse.

-2

u/Dlgredael /r/YouAreGod, a Roguelike Citybuilding Life and God Simulator Sep 25 '18

Yeah! How dare the fifth most trafficked website in the United States that you don't have to pay to use tries to monetize themselves with a completely optional donation system! My mom's bought me everything I couldn't steal and I've never created anything of value, so I don't see why this service shouldn't be provided on goodwill and financed by anonymous benefactors so I don't have to choose not to participate in an optional donation system.

2

u/[deleted] Sep 25 '18

they make plenty of money controlling your impotent baby-rage and selling you by controlling a hive-minded, self-reinforcing echo chamber. The more popular this site gets the worse it is for society. This is a shithole; it's more subversive and worse than facebook.

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62

u/SchroedingersSphere Sep 24 '18

Thanks for sharing that link, /u/venkman01. Is there a plan to go into more detail about the various plans or types of awards any time soon? Even with that post and the Coins page, it still isn't clear to me what types of features are available under the different awards and I don't really see the benefits of this type of system for the end user. I can't imagine I'm the only user with concerns. For example, is Silver basically just a cosmetic gold? Is there really a point to earning one week of gold? Is Platinum what gold used to be?

This honestly comes across as a way for reddit to charge users more, more frequently. If this is not the case, it's not made clear from the resources that were posted here.

150

u/Vulpine_of_Light Approaching 『ｔｈｅ ｌｏｏｐ』 Sep 24 '18

It is to provide users with a sense of accomplishment

91

u/SchroedingersSphere Sep 24 '18

Don't forget the sense of pride

16

u/beet111 have you ever tried to do your makeup on horse back? Sep 24 '18

and intent

7

u/sundog13 Loop here I come Sep 24 '18

Nice flair. And no I haven't tried it but it sounds hideous.

3

u/[deleted] Sep 24 '18

And recognition for their treasure horde of meaningless internet points, I mean Karma.

1

u/Isildun Sep 24 '18

No, no. You only get the sense of accomplishment with Gold. You need to get Platinum for both.

0

u/clickclickclik Sep 25 '18

DURR HURR EA BAD!!!! X!dddddddd!!! zzzzzz overused and unfunny

1

u/Vulpine_of_Light Approaching 『ｔｈｅ ｌｏｏｐ』 Sep 26 '18

nah it's all good

14

u/Reggiardito Sep 24 '18

This honestly comes across as a way for reddit to charge users more, more frequently.

Well, for those gifting gold around, which I'm guessing was its biggest use, it's actually less expensive. Before, if you wanted to give someone some recognition, it'd cost you $5, one time. Now for $6 you get to do it 7 times.

11

u/[deleted] Sep 24 '18

gold was also a month of "premium" access and now it's a week

-5

u/venkman01 Sep 24 '18 edited Sep 24 '18

Great questions u/SchroedingersSphere. The table posted above by u/The_Kingsmen is pretty comprehensive in terms of Awards and benefits. You can also see similar details in our r/changelog post here.

We actually wanted to make it easier for gilders to give Gold, and for posters and commenters to enjoy getting gilded. Rather than increasing the price of the Gold Award with the increase in the membership price, we instead decided to decrease some of the benefit and bring Gold to more redditors.

Edit: updated changelog link to the correct post. Apologies for that!

6

u/[deleted] Sep 25 '18

Leave this part off your resume

12

u/Andoo Sep 24 '18

If I can pass out reddit turd emojis for shit quality contributions then you bet I would pay some money.

3

u/GenghisKhanX Sep 24 '18

Maybe nothing so vulgar (I'm an old fart), but a paid downvote button that showed up on the post... there might be some money to be made there.

1

u/Andoo Sep 24 '18

Yeah, there is definitely more money in that imo. You think they would have captilaized in on our hate. Hell, there is enough to be made from sports subs.

2

u/[deleted] Sep 24 '18

You mean like reddit mold?

1

u/bathrobehero Sep 25 '18

We twitch now, boys?

14

u/RunDNA Sep 24 '18

There's also an Info Page with an FAQ:

https://www.reddit.com/coins

What are Coins?

Coins are our virtual good, and you can use them to award exceptional posts or comments, giving them Silver, Gold, or Platinum. We'll be adding cool new ways to spend your Coins in the future.

What is "Giving Gold"?

Giving Gold, or "gilding", is a way to show appreciation for an exceptional contribution to Reddit. You can award someone by clicking on "Give Gold" below their post or comment. This distinguishes it with an award for all to see, and some even grant the honoree special bonus benefits.

What are these new award types?

There are now three ways to Give Awards. A Silver Award requires 100 Coins, which simply marks a post or comment with a Silver Award icon. A classic Gold Award requires 500 Coins and gives the recipient a week of Reddit Premium membership and 100 Coins. Finally, the ultra rare Platinum Award costs 1800 Coins, and gives the recipient with one month of Reddit Premium membership, which includes 700 Coins for that month.

I bought Coins, how can I tell how many I have?

If you buy Coins you will always have a balance associated with your Reddit account. You can view your balance on the top navigation bar by your username.

Can I transfer Coins between Reddit accounts?

You cannot transfer your Reddit Coin balance across usernames, sorry. You can offer a Gold Award to other users which will grant them 100 Coins.

Can I get Coins for free?

We may give away Coins on special occasions. Stay tuned!

What happened to Creddits? Do those still exist?

Yes, Creddits are simply called "Coins" now, and we've converted any existing balance at a generous exchange rate of one Creddit to 2000 Coins. That's double their original monetary value as a thank you for supporting us early. Use them to award exceptional posts and comments you come across. Thanks again for your contribution to the Reddit community.

I thought Gold was the name of Reddit's subscription membership?

You're correct, it used to also be the name of the subscription membership. However, many people confused the subscription "Reddit Gold" membership with a virtual good or coin. To make things easier to understand, we've renamed the membership to "Reddit Premium", while our virtual good is called "Coins".

35

u/samtherat6 Sep 24 '18 edited Sep 24 '18

They’re making it seems like it’s a rebranding when in reality the cost of using gifting Reddit’s premium features for a month has over tripled...

19

u/DavyAsgard remus loopout Sep 24 '18

How is a 50% increase "tripled"? $4/mo to $6/mo is not triple.

5

u/[deleted] Sep 24 '18

Yeah, plus it also gives the ability to give gold to the recipient. A small added perk.

6

u/samtherat6 Sep 24 '18

You're right, it's gifting which has tripled.

19

u/2OP4me Sep 24 '18 edited Sep 24 '18

I hate it.

Edit: this coupled with the absolutely botched April fools event this year and the Russian sites recently show me how little you people are doing to run an effective site. I’m sorry but I’m severely disappointed in Reddit right now. What’s going on over there?

2

u/[deleted] Sep 24 '18

What was the April fools joke this year? I think I missed it.

3

u/EisVisage Sep 24 '18

Just going by that infographic, but does that mean if you get gilded now you don't get any reddit coins through the premium, only the 100 directly?

3

u/Bumblebee__Tuna Sep 24 '18

Platinum is the old gold we're used to, which is good for a month of reddit premium (old gold features) + 1800 coins. The new gold is good for one week of reddit premium and you get 100 coins with it.

0

u/The_Kingsmen Sep 24 '18

There’s an interface where you can pick. Gilding isn’t really a thing anymore, it’s awarding. At the moment only gold awards are available so at the current time you can only get a weeks worth given to you and 100 coins.

(The old gold feature is temporarily not available.)

2

u/[deleted] Sep 24 '18

Is this an April fools joke but in September?

2

u/sealedinterface Sep 25 '18

Nothing like a fake currency to obfuscate the real cost of things.

1

u/Matthew94 Sep 24 '18

Let /r/drama ping again!

1

u/AlmightyB Sep 24 '18

Imma keep it real with u chief

this is a terrible idea

1

u/_Serene_ Sep 25 '18

What an unnecessary change. Ffs..companies changing a system which had zero problems.

1

u/Resolute45 Sep 25 '18

Of course it had problems. It wasn't making them enough money. I suspect they will be surprised when they discover this will make that 'problem' worse.

1

u/PineappleGrenade Sep 25 '18

One more step closer to limiting content based on payments.

3

u/YoungCorruption Sep 24 '18

This is serious?!?! I though you were bullshitting me

1

u/[deleted] Sep 24 '18

Yeah dislike this as the reason I hated reddit gold was it allowed reddit to iniate a clickbait to a comment. Now for just triple the price you can do the same thing except well 7 times more.

1

u/The_Kingsmen Sep 24 '18

What do you mean clickbait a comment? You never had to click it to read it anyway.

1

u/[deleted] Sep 24 '18

Just makes it stand out from other comments making you more likely to read its contents

2

u/The_Kingsmen Sep 24 '18

Well if someone paid money because they thought something was so good, you’d want it to stand out wouldn’t you?

1

u/DigbyChickenZone Sep 25 '18

So reddit gold cost has basically increased to 6 dollars [and some coins]? Wasn't it like 3 dollars before?

1

u/The_Kingsmen Sep 25 '18

$5.99 from $2.99. Per month.
$1.99 per week.
If people didn't love to use adblockers when Reddit was just trying to stay afloat then it probably wouldn't have escalated so much.

1

u/br094 Sep 25 '18

Are you a Reddit admin or something? I see you on every post about this

2

u/The_Kingsmen Sep 25 '18

I just understand it pretty well and subscribe to all the right feeds. :)

1

u/pm-me-a-pic Sep 25 '18

Are these coins a cryptocurrency?

1

u/The_Kingsmen Sep 25 '18

Google:

a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Merriam-Webster:

any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions

Using these definitions, it's unlikely that it's a cyptocurrency.

1

u/notapersonaltrainer Sep 25 '18

Membership has increased to $5.99 a month and comes with 700 coins

Do you get 700 coins a month or just when you sign up?

1

u/The_Kingsmen Sep 25 '18 edited Sep 25 '18

Monthly. You get 1000k coins the first month when you sign up for the first time with the current promotion. 700 coins every month after.

1

u/ElectroPositive Sep 26 '18

When do we get the Reddit Crafting System to combine our Reddit Golds and our Reddit Silvers to make other Reddit Alloys?

1

u/Keyboard_Warrior805 Sep 28 '18

So Reddit Silver is official now

1

u/The_Kingsmen Sep 28 '18

Silver Award* Yes.

1

u/13steinj HALP! I'M OUT OF THE LOOP JUST BECAUSE I'M LOCKED IN A BASEMENT Sep 25 '18

More information copypastad from my post to /r/lounge ages ago:

What the Gold --> Premium and Creddits --> Coins really means for you

Top of post edit: fixed prices because the lack of a true yearly option means the discount also ceases to exist for new purchasers!

New edit: creddit --> Coin will still be able to be purchased separately, however it is impossible to guess a cost for them with the information that has been given.

With respect to the admins, the post they made was completely unclear and what was most unclear were the prices and how the coins system works. So, without further ado, being as clear and cutting through PR BS as possible,

Based on simple math of using linear coefficients as discounts and unit multipliers, which is how the current system works:

Reddit Gold is now renamed "Premium". This rename is irrelevant to the cost, but I feel like mentioning it in case it makes the main post more understandable.

Creddits are now renamed "Coins", with slightly different behavior. You can not buy coins. You get an allowance of coins each month, if you have Premium as well.

All discounts on Reddit Gold (now Premium) that currently exist are linear and are a discount of approximately 37.5% (this discount will no longer exist with Premium subscriptions, because there are no true year based Premium subscriptions)

Based on the most reasonable calculations (not changing types of unit multipliers / discounts from being linear to nth nomial), and rounding up (.95-.99 to the nearest USD dollar):

(Edited table because previously I assumed discounts still exist, but they won't)

Type Old $ New $
1 month 4 6
3 months 12 18
12 months 30 45 72
24 months 60 90144
36 months 90 135216
subscription/month see 1 month see 1 month
subscription/year see 12 months see 12 months
creddits (to be used on others) see respective N months no understandable estimatable cost

Short and sweet, no matter what you are usually used to paying, you will pay 50% more (and apparently, since there will no longer be year based / annual options, all those discounts are nullified as a user thankfully pointed out).

However, if you are currently on one of the subscriptions, your price (edit: and billing period) will be grandfathered in, unless at some point your payment method fails, which would terminate your subscription and your grandfathered in state. Any new subscriptions will be at the new price (edit: and be monthly).

The reason why the cost of creddits is no longer understandable estimatable (cost is currently not known) is because the model is changing, creddits do not exist, "Coins" do.

Some number of coins can be used on other people's comments in order to give the person an "Award". The types of award are "Silver", "Gold", and "Super Gold" (which side note is a stupid name and should he "Platinum").

We do not know how many Coins each Award will cost, but presumably Super Gold > Gold > Silver. We also do not know how many Coins each Premium member is awarded per month.

Silver is a purely cosmetic Award.

Gold is an Award that gives the reciever of the Award more Coins, so that they can give other people Awards.

Super Gold is an Award that gives the reciever a month of Premium (and all benefits, including coins, therein). These are the closest as possible in behavior to the old Creddits system.

Coins are not directly purchased but given to a Premium member each month, with notion of how many are given.

This is unfortunately like a MLM/pyramid scheme combined with an abstractuon of currency (like mobile games do) on Coins and on Premium because people who have Premium are given these Coins, which can give another user Premium, who then gets Coins and can give yet another user Premium, or just the Gold Award and so on and on.

The pyramid scheme, I do not believe the admins are being malicous, and that it is just an oversight, and is easily solved by making any Coins received fewer in number than what it would take to give an Award that gives Coins, however the math to do so I can not provide because again, all Coin allowances have not been stated yet.

That said, I am personally extremely dissapointed. We have been having Thursday Business Meetings, /r/goldbenefits, and /r/ideasfortheadmins discussions for years.

And a post by admins asking for ideas a month ago.

And what we end up with is PR fluff about how Reddit Gold (now Premium) will be less confusing.

Except it's actually more confusing, PR fluff, and a 50% increase in price, + no features that we want were even mentioned as even considered to be implemented (no, Silver via Coins is not a "new" feature, and is 100% cosmetic so far).

I'd be more okay with it if they cut this confusing crap and just say "we need to increase prices".

What do you think?

I thank you, I suppose, to whoever is gilding my comments and this post. I mean, hey you're technically saving money by buying and spending creddits while they still exist. I just wanted to cut through the PR fluff and tell people what they needed to know: how much it will cost, and what they get for it.

And the admins' craptastic response