Reddit to Shut Down Its Blockchain-Based Community Points System coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Reddit is winding down Community Points — the blockchain-based "internet points" program designed to reward creators and developers — in favor of prioritizing rewards programs that are less difficult to scale. "Though we saw some future opportunities for Community Points, the resourcing needed was unfortunately too high to justify," Reddit's director of consumer and product communications Tim Rathschmidt told TechCrunch. Community Points, which will be phased out by early November, were promoted as a chance for Redditors to "own" a piece of their community.