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Reddit will start paying you real money for your karma
(techcrunch.com)
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this post was submitted on 25 Sep 2023
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So... how long before groups of accounts start colluding to upvote each other and generate revenue? like, less than minute? What will prevent bot accounts from upvoting to generate karma?
This can't possibly last more than month before it gets seriously exploited, at which point the company will have to refuse to pay out.
The title is a bit misleading but it doesn't sound like karma can actually be converted to real money.
Reddit gold is going to cost $2 to buy and awarding a user can give them $1 of that if they have over 5,000 karma. Between 100 and 4,999 it's $0.90 per gold.
~~And you have to receive at least 10 gold in a month to be eligible~~. Edit: it apparently rolls over.
Fuck /u/spez
They do now have an extra incentive to manipulate voting to give posts visibility.