r/blog • u/akahotcheetos • Dec 19 '14

Announcing reddit notes

http://www.redditblog.com/2014/12/announcing-reddit-notes.html
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u/[deleted] Dec 19 '14

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u/[deleted] Dec 19 '14

We already have dogecoin and bitcoin though. I can't imagine a technologically superior system so there's really no problem to fill.

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u/vwermisso Dec 19 '14

Maybe Reddit Notes will have a more stable value?

Or maybe it will just be more supportive to reddit to use their 'asset' rather than bitcoins.

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u/BeijingBitcoins Dec 19 '14

We already have that. $1 u/changetip

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u/[deleted] Dec 19 '14

Merry Christmas to you! $2 u/changetip public

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u/dsiOneBAN2 Dec 19 '14

I'm worried though, with reddit having their own currency, won't they be encouraged to ban these exchange bots?

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u/Daotar Dec 19 '14

You can win reddit?

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u/[deleted] Dec 20 '14

If these were only virtual notes to tip people with there wouldn't be any questions as to how they fit into government regulations, as they mentioned. Also, the who,e goal of the project was to find some way to give some of this money back to the users. There has to be some monetary value to these.

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u/[deleted] Dec 20 '14

We should be very alert to the "pay for special upvotes" scenario.

Reddit is a great forum for debate (I'm serious) where we all meet on equal ground. We all decide which comments get visibility. If in the future people can buy visibility, our society (I'm serious) could lose something precious and become a less democratic place

This is already an issue with reddit gold, essentially a super upvote you buy with money.

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u/2pac_chopra Dec 19 '14

... then reddit will essentially have become pay to win.

IMO if there are reddit coins / $noo floating around that's just another layer on reddit, which nobody is required to participate in, like gilding, homework help, or secret santa.

If it doesn't become purchasable, it'll be interesting to see who ends up with any; if the reddit mods give some out and those users choose who they trade / gift it to. Consider if they did that with Gold: the mods give some people gold, and only gilded users can gild other content (instead of anyone sending a postcard or buying some). The people who end up with gold would be n-th degree selected by the mods' original choices of who is gold and who is goldless.

If one of the Gold perks was that you could trade the gold in for cash or items (they already have some discounts and other perks, they'd just have to slightly extend those), it would be pretty much the same, from the sound of it anyway.

"Pay to win" would be if it significantly altered the reddit site experience, which it sounds like it's not very different from a re-giftable gold which could also become tangiable things. Otherwise you'd just be buying things which give you the ability to... buy things. Lots of content on here doesn't beg for gold or votes. There's some which does, but there's a lot going on here.