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

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

  • Usernameblankface@lemmy.worldEnglish
    37·
    1 year ago

    Someone spent thousands of dollars? Or many users collectively spent thousands of dollars?

    I’m not sure which is more believable.

    • RBG@discuss.tchncs.deEnglish
      36·
      1 year ago

      Well, it is likely the same as with mobile gaming. A few whales spend thousands of dollarinos on a game because they just happen to be rich.

        • deweydecibel@lemmy.worldEnglish
          5·
          1 year ago

          Even then, they’re not likely spending as much as the rich fuckers. No matter how addicted you are, there’s only so much you could spend before you’re just out of money.

          There’s streamers to consider nowadays, too. Many live service competitive mobile games have streamers that get fed money from advertisers to fund their in-game purchases.

    • glockenspielEnglish
      1·
      1 year ago

      It doesn’t need to be someone spending money. You could earn quite a few Moons just by posting quality comments on CryptoCurrency. Moons were worth quite a lot (for being what they are) before reddit decided to end support. So, not out actual money but the potential. I am NOT a crypto advocate but did engage with the community out of interest and shitposting much like people here are doing. And I had about $600 of free Moons just sitting around. I didn’t pay a thing.

      But CryptoCurrency does have its WallstreetBets smoothbrains, so undoubtedly someone was longing them, buying them, etc.