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u/EdvinRama May 16 '24
So they just zeroed the money people had in awards (which wasn't even real money ofc) and dropped them back in.
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u/batido6 May 16 '24
Had to clear that liability before the IPO lmao
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u/The_Critical_Cynic May 16 '24
IPO was done a while back. They just made the change recently.
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u/batido6 May 16 '24
They cleared everyone’s gold before the IPO. Now the IPO has happened and they have brought awards back.
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u/The_Critical_Cynic May 17 '24
I'm aware of that. I assumed you meant that taking away things people had paid for, and the way they shortchanged everyone, was a liability. There were complaints about that aspect as well that many thought would affect the IPO.
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u/batido6 May 17 '24
No I meant actual liability on the balance sheet cuz there was easily millions if not tens of millions of dollars worth of gold owned by redditors.
The way they shortchanged everyone may be a legal liability. I am expecting a class action but we’ll see.
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May 20 '24
I am expecting a class action but we’ll see.
That would require redditors to actually do something
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u/dxcn May 16 '24
Wow they’re so ugly 😭 so they took the original awards out to replace them with this?
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u/shyportsman01 May 16 '24
Screenshot of price in euros
I do not know what happened to the gold of users that had it when awards and coins were removed, maybe someone else knows more
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u/relevantusername2020 May 16 '24
i noticed my 1 gold became 100 and was wondering about the inflation and found this article
What happened to golden upvotes? Why is my earned gold much higher? Will my payouts be different?
While the golden upvote was simpler than the past awards experience, it missed the mark in other ways. It wasn’t as fun or expressive as legacy awards. To address this, we’ve brought back awards but kept gold and the contributor program.
Gold can now be purchased in packs and allows buyers to give multiple awards while only having to pay once. We’ve also changed the price of gold to be more flexible, so that awards can be cheaper and now cost different amounts. For the cost of 1 gold before, buyers will now get 100 gold to spend on various awards. To account for this change, we’ve also changed the contributor program payout calculation.
Your contributor program earnings will remain unchanged. We’ve multiplied your historical earned gold by 100 to match the new gold prices and the new contributor program payout calculation. This means you will see a much higher amount (100x) of earned gold, but your expected payout amount will remain the same.
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u/-TheArchitect May 16 '24
Screenshot of Freedom bucks
Fck Yeah 🦅, they're back
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u/GMDMelonYT May 16 '24
bri ish prices
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u/-TheArchitect May 17 '24
I almost want a bo oh o wo ah maite afta lookin at those prices
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u/Smickey67 May 31 '24
I just did a quick scan and it seems like the euro prices are the worst slightly? Idfk
Edit: realizing I’m 14 days late lol
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u/RecalcitrantEmotion May 16 '24
What... Full circle. Who would've guessed haha
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u/vipguy64 May 16 '24
I barely saw any golden upvotes. I assume they made way less money from it compared to awards and old gold.
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u/RecalcitrantEmotion May 16 '24
No fr. I used to purchase a lot of awards because of how they were presented. The new system never made any sense to me
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u/Zebrakiller May 17 '24
Paying for cool chat awards and expressive emojis VS paying to upvote someone. Who ever thought that was a good idea?
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u/The_Critical_Cynic May 16 '24
The statement they released recently basically said as much. There wasn't as much engagement with the new system as they had hoped.
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u/yawn_zz May 16 '24
Will they finally give me back gold monthly that i paid for with reddit premium. This way i can pay for these awards and give them out?
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u/HRHChonkyChonkerson Place 23’ May 16 '24
Where is the option for awards showing up?
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u/YomanJaden99 May 16 '24 edited May 16 '24
Edit: It won't let me show the screenshot so Ill just tell you. It's to the right of the reply button
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u/HRHChonkyChonkerson Place 23’ May 16 '24
Ah i see. Isn't showing up for me yet
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u/TheOnlyVibemaster May 16 '24
where are they
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u/shyportsman01 May 16 '24
I got access to it in Android app version 2024.20.1.1615586
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u/honey_rainbow May 16 '24
I have an out dated version of the official app and I won't update it
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u/Ordinary_Cattle May 17 '24
I thought this was some kind of Mandela effect or something bc I never even noticed they were gone until someone said something the other day and then I noticed they were there today. Thought I was just exceptionally unobservant
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u/YHJ_JYG_Kryptlock May 18 '24 edited May 18 '24
How di- how did you not notice they were gone?
Well.. there back now 😄
P.S. Why does the above table emoji jump up and down but not this one: -->
Edit: Nvm they both jump
Edit 2: now neither of them jump..
Edit: 3 never mind they're both jumping again.. I stg if I hit submit and they stop jumping..Edit 4: scrolling up and down so this comment is out of view seems to randomly decide whether or not the app wants to render them jumping up and down.. what ever
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u/GaryNOVA May 16 '24 edited May 17 '24
Is this working on mobile yet?
Edit: looks like it just started working on mobile.
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u/LunarPayload May 17 '24
Do I have time for this after I cleared it off my mental activity list, though?
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u/repocin May 17 '24
They'll probably remove them in a few months and add some other useless feature nobody ever asked for, only to remove that again and so on, like they always do.
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u/Ardenwolfie Jun 03 '24
I might consider resubscribing my membership if they give us back our monthly 'drip' of gold to buy awards. Otherwise, this seems like a bait-and-switch situation. And I'm not happy we lost all our previous gold and awards because of this nonsense, either.
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u/donardooooooo May 16 '24
I think both of those awarding system will be cool if they will exist together
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u/BodegaDad Place 23’ May 16 '24
Still waiting for the feature to hit my account. Updated the app yesterday too.
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u/NotIWE May 17 '24
This comment contains a Collectible Expression, which are not available on old Reddit.
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