A lot of people are eager to learn more about Reddit’s new Points system. It is a solution based on Ethereum technology, and can offer some interesting advantages over its current Karma system.
Reddit has used its Karma system for quite some time now.
More Details on the Reddit Points
While it always seemed to work well, it is time to take things to the next level.
By tapping the Ethereum blockchain for the new system, an interesting choice is made.
That particular system will only cater to one specific Reddit community, though.
Issuing Points, instead of Karma, will help measure the reputation and contribution within a community.
All Points balances will be displayed next to usernames on posts and comments.
Rather than having “clout” associated with them, these new Points have actual value.
The Points can be spent to buy special memberships and unlocking exclusive features, such as badges, emojis, and GIFs.
When a user decides to spend his or her Points, they will be taken out of circulation and destroyed.
A reduction of the total Points supply may influence the value of the Points themselves.
During the initial launch, Points will be distributed based on a user’s current Karma.
An interesting concept, albeit it is evident this will extend to other communities eventually.