Every time you hear the Reddit CEO talking about how they need to become profitable, remember they raised $250m and then spent the last couple years building this: https://nft.reddit.com

#reddit #HuffmanOut

@robotdeathsquad @sebj One doesn’t get profitable nuking the source of your wealth. He’ll find out. Painfully.
@robotdeathsquad Ah yeah, the reason I shut down my account. I remember it well.
@robotdeathsquad I never understood it when it launched. Seemed like a dumb thing that no one outside of the crypto bros wanted. What a waste of effort.
@robotdeathsquad I was a subreddit mod there a long time ago. unpaid volunteer work. Reddit has been abusing millions for over a decade both by benefitting from the labor of unpaid volunteers and unpaid content creators. early on I loved Reddit. but I grew to hate it and quit it totally
@synlogic @robotdeathsquad Yes, when you think about it what does reddit actually do for the community beyond maintain servers? The unpaid moderator bit is wild.
@kelce @synlogic @robotdeathsquad
That's not fair. They also have a shitty app that they maintain and are going to force everyone to use despite the fact that they didn't have to pay a dime for other people to develop much, much better apps.
@jargoggles Oh yes! How could I forget that piece of....work. 😂
@kelce @synlogic @robotdeathsquad That's why I think reddit should get rid of its entire C-suite and any other redundant staff - instantly save a ton of money! All they need to make reddit function is Devs, IT, some people for paperwork, finance, and HR.

@robotdeathsquad As an avid old.reddit.com user I genuinely had no idea that existed.

🤦‍♂️

@foobarsoft @robotdeathsquad old.reddit is definitely next on the chopping block after third party apps...
@robotdeathsquad True, but business dudes are gonna be like that. Just move on. Do you really need Reddit?
@glennsills @robotdeathsquad
Considering the first result to almost any google inquiry for how to fix some problem is a reddit link.... yeah... unfortunately for now we kinda need reddit.
@duckles77 @robotdeathsquad You know I've been hearing that a lot lately and I don't think I believe it. I google a lot and while I occasionally see reddit in the search result it is seldom at the top (although it occasionally is). This seems a bit like salesmanship from Reddit to me.

@glennsills @robotdeathsquad I've experienced it twice today first-hand. First I was looking for Fortigate information about Apple proxy blocking. Googled "fortigate apple-web http proxy blocked" and the first results were reddit. Just now I googled "Jellyfin fail2ban" and it was the 2nd result.

It's not salesmanship from Reddit... it's me stating my explicit experience today. Hopefully we'll move away from reddit entirely, but for now a LOT of info is blocked still

@glennsills @duckles77 @robotdeathsquad

It could be because I search niche stuff, but ddg and g! both return reddit as 2-4 links of the top 5 results typically. I really noticed it during the blackout!

@booty @duckles77 @robotdeathsquad I suspect that this is a search history thing. If you have clicked on reddit results a lot in the past, reddit results will be more likely to come your way. I am sure that if you are a reddit user and depend on the information there as a resource the lack of reddit in search results will be a problem. I just don't think it matters at all for the rest of us.

@glennsills @booty @robotdeathsquad Yeah I have clicked reddit stuff a lot. The point is... there's a lot of great information there that's going to be locked up or lost eventually. It's like all the forum posts you still find with broken img links that would solve the problem you were looking to solve if only they still worked.

It's good info that's just no longer accessible. Even if you don't like the site, you have to admit losing access to that knowledge kinda sucks.

@duckles77 @glennsills @robotdeathsquad

Yes! The link rot is terrible. There are so many times I am looking for something and then finally find something and my dear old friend, the dead link, shuts me down.

@booty @glennsills @robotdeathsquad And we have another company changing their business practices suddenly and dickishly to thank for breaking SOOOOOOO much of that information!

Thanks, PhotoBucket!

@duckles77 @booty @robotdeathsquad Photobucket is still a thing?

@glennsills Not sure if it is or not. I just know it used to be the preferred method for people on forums to link images, then in 2017 they were like "Alright, we're blocking all hotlinking unless you pay us $400/year" and the entirety of the internet was like "Uhh... no"

And now there are broken image links EVERYWHERE. I think they backed down off that plan, but not before ruining a lot of stuff.

@duckles77 Yeah, I think what we are seeing here is a bunch of startups that were following the "Underwear Gnome Business Plan", are all trying to switch to a money making business plan, and their users are say no thanks.

@glennsills @booty @robotdeathsquad Alternately, my OTHER favorite "internet forum phenomenon" is when you Google something and the first response to the first link is "OMG learn 2 search n00b. The first result will give you the answer."

My brother in decade old christ... You ARE the first result. Just answer the question and don't be snarky

@glennsills @duckles77 @robotdeathsquad I intentionally add "reddit" to my search queries, because it's legitimately one of the best and least astroturfed resources for product reviews. I really really wish they weren't shooting themselves in the foot
@glennsills @robotdeathsquad same answer as the others plus I get advice around vendors to avoid while looking for things, or I get local advice in local subreddits. It's going to take a while to build communities elsewhere.
@glennsills @robotdeathsquad Communities shouldn’t be destroyed because some jackass made poor business decisions. It’s difficult to move on when no reasonable alternatives exist (and I mean from a community standpoint, not the software. I’m aware of Lemmy and Kbin).
@suicideasuicide @robotdeathsquad I understand what you are saying, and I understand the frustration. You've to admit though, the bad business decision was the one where they poured a crap ton of money into creating the communities in the hope that there would be some way of monetizing it in the future. There seems to be a reckoning going on now where VC guys and banks are saying "so, how are you going to make a profit" and people are saying "I don't know? Maybe charge our users?"
@robotdeathsquad
It's so fun to remember that four week period where companies thought #nfts were going to be a thing. Glad that crashed and burned.
@thurrott
@robotdeathsquad they gave them away for free at one point because nobody used them lol
@boldiegoldie @robotdeathsquad twice, actually. There was another round maybe a month or two ago?
@jphambleton @robotdeathsquad That makes it even funnier tbh
@boldiegoldie @robotdeathsquad will my 2 Reddit NFTs be worth a cup of coffee when they’re considered an antique collectible of a company that no longer exists?
@jphambleton @robotdeathsquad only a small coffee, it costs 5 NFTs or a Gold Award for a medium
@robotdeathsquad I missed that somehow, but yikes.
@robotdeathsquad I've been using reddit for the last 10 years and I never knew that was a thing... Good catch. That ceo really is ridiculously incompetent
@robotdeathsquad how did anybody ever try and sell NFTs with a straight face 😒
@robotdeathsquad and then changing the avatar ui so it doesn't look like it's nfts so people don't get mad when recieve one
@robotdeathsquad @robbyrussell sad when you realize right wing billionaires and investors control almost all media, social or not.
@robotdeathsquad they can barely get a video player working!
@robotdeathsquad @Migueldeicaza they’ve almost certainly booked literally dozens of dollars in revenue from this.
@robotdeathsquad And those stupid NFTs don't render in third party clients, which I'm convinced is involved in the campaign against them.
@jsmall You can't do anything but use them as an avatar on their own mobile client.
@robotdeathsquad @jsmall I didn’t know you could do anything else with them on any platform. And I use Reddit every day (well, until this week).

@robotdeathsquad 250m   💸

Why would anyone in their minds do that..

@robotdeathsquad yep, and it failed, so they need to become profitable….
@robotdeathsquad Nobody asked for this nonsense. Reddit will never get a good IPO if they keep investing in bs and then cry about not being profitable.
@robotdeathsquad they're doing it for the same reason they keep bringing up AI in the current API fiasco. To drive up interest for an IPO with tech buzzwords.