390
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Reddit’s blockchain-based “Community Points” rewards crash after sunsetting::Tokens based on subreddit reputation saw dips over 85% after the announcement.

you are viewing a single comment's thread
view the rest of the comments
[-] uid0gid0@lemmy.world 51 points 1 year ago

"take your reputation anywhere you want on the Internet."

How is this supposed to work exactly? Does any other site care about your reddit karma?

[-] micka190@lemmy.world 66 points 1 year ago

It doesn't.

Crypto bros are really fond of the whole "use the blockchain to take your assets from one platform to another" grift, but it:

  1. Doesn't work if the other platform doesn't support it
  2. Could be done without a blockchain if both platforms agree to share a database

It's like you said: Do any other websites care about your Reddit karma? No. Why would they? It's only 2 uses are to make people addicted to Reddit through gamifying their opinions and filtering bot accounts by having a minimal karma threshold to post on subs.

[-] Voroxpete@sh.itjust.works 42 points 1 year ago

This is basically the issue of almost every hypothetical use of the blockchain that advocates throw around.

"You could move all your skins from Counterstrike to Valorant?"

OK. Putting aside the unbelievably complex technical and practical issues, why would either Valve or Riot want this? In this scenario Valve is making it easier for their customers to leave, and Riot is effectively giving you a bunch of cool skins for free.

These people watched Ready Player One, totally ignored the part where the entire premise was "One single corporation controls basically all interactive media and that's really bad" and decided that this sounded like a cool idea.

[-] SkyeStarfall@lemmy.blahaj.zone 28 points 1 year ago

Basically every software engineer laughed their ass off once they realized they were serious about that stuff.

It just shows such an intense lack of understanding of how software and business works. Thinking that blockchain is just some magic powder that can bring their wishes to reality.

[-] Voroxpete@sh.itjust.works 6 points 1 year ago

It's what happens when the only use case for a tech product is its ability to interest venture capital.

We're seeing the same thing now with "AI"

[-] SkyeStarfall@lemmy.blahaj.zone 10 points 1 year ago

Eh, no, I'm going to disagree with you there.

Yes, AI is trendy, hyped, and a buzzword at the moment, but at the core of it there really is a very useful and practical technology (and it's also much more varied than just LLMs). Take for the fact that generative AI is actually being used in practice, to do more or less what it was advertised to.

[-] Voroxpete@sh.itjust.works 0 points 1 year ago

You're right to say that generative AI has at least some practical applications. That's a valid distinction as compared to crypto, and it's exactly why the venture capital world pivoted to it so hard.

However if you compare how these companies are selling their technology to what it actually does, the gulf is astonishing. Almost every story of a company actually trying to use this tech has been a disaster. And what we hear from advocates is the constant refrain of "It's early days", but that's exactly what we heard about crypto and distributed blockchain for over a decade. Meanwhile a lot of the experts are increasingly of the opinion that most of the proposed applications of AI will never reach the point where the tech actually works as advertised. Sooner or later, it's gonna recommend a food bank as a tourist destination. And human validation isn't going to solve this because inattentional blindness is a thing.

I do think that there are probably, eventually, real uses for this tech, but we're clearly no where near them yet. Right now it's still all just magic beans.

[-] SkyeStarfall@lemmy.blahaj.zone 1 points 1 year ago

You need to be more specific than just say "AI" here. Experts do not say that AI will never reach a point of true general intelligence, but they may say that LLMs cannot do that.

AI is a big field, and it has seen massive improvements over time. Sure, don't oversell its current capabilities, but we don't really know where the current path leads. Current AI is already plenty impressive.

[-] Voroxpete@sh.itjust.works 1 points 1 year ago

Yes, I'm aware. I thought that could have been easily inferred from context, given the topic of conversation. That's, y'know, how conversation works. We're not writing essays here.

[-] SkyeStarfall@lemmy.blahaj.zone 1 points 1 year ago

I see a lot of people conflating concepts in AI, so I cannot be too sure just from context.

[-] Moneo@lemmy.world 7 points 1 year ago

The more obvious flaw is not why would they want to do it but why would they want to do it with blockchain.

[-] roboticide@lemmy.world 2 points 1 year ago

Exactly! And it's not like crossover content doesn't happen between publishers already without blockchain. Look at Fortnite. All it takes is a promo code.

[-] Llamadramas@lemmy.world 8 points 1 year ago

Anyone remember Klout, I think it was this but before blockchain.

this post was submitted on 19 Oct 2023
390 points (97.3% liked)

Technology

59861 readers
4685 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS