If all existing Reddit Karma amongst total users were converted to Community Points, it would represent an asset with approximately 500 billion tokens, comparable to many meme coins.

I’ve tried to look for a firm estimate of how much Reddit Karma in total has been awarded so far without much luck. My 500 billion rough estimate is based an average of 980 Karma per Reddit user multiplied by active monthly users (980 X 430 million). To account for “one and done” Reddit users or those who’ve left the platform and still have Karma I rounded up to get half a trillion. There are wiser Reddit stat heads then me out there; let me know if I’m way off with my estimation.

Let's say tomorrow Reddit announces this Karma is all now tokenized as Karma Coins (personally I don't see them being "Reddit Coins" due to potential confusion with the old ReddCoin crypto). There'll be 500 billion of those on the blockchain and an auto-conversion to the Vault for every user (needless to say onboarding a billion people to crypto in a day would be challenging but this is a thought experiment so bear with me).

500 billion Karma Coins would instantly be distributed to each Reddit user's vault, rewarding previous engagement on the platform. The parlour game of "How much would this be worth?” Is difficult, I’ll leave that to others.

My interest is how profoundly this would change Reddit and its communities overnight. The issues with Karma manipulation this sub has agreed on by Moons governance would suddenly be platform-wide. It would be a glorious and anarchic shitfight; I think we’d be fine on the sub as Moons are maturing here and Karma colllatorization itself is not novel for users here.

Perhaps I’m wrong and Reddit will move much more slowly to Karma tokenization or maybe not at all; maybe the plan for Reddit Community Points is far more nuanced. I’d love to see this model though, perhaps I’m just a “want to see the world burn” type.

Sources:

https://www.businessofapps.com/data/reddit-statistics/

https://www.reddiquette.com/reddit-karma/#What_Is_The_Average_Reddit_Karma