Reddit is sunsetting awards tomorrow and possibly announcing new reward system. Reasons why this won't affect Moons and RCPs as they are key part of Reddit's plan and future of WEB 3! BULLISH

As some users are worried about Moons being replaced by new system and being taken down, inspired by u/nanooverbtc post in r/CryptoCurrencyMoons I wanted to expand this topic:

We know from 2022 Mod Summit:

- Reddit's idea to empower users and let them earn wealth on Reddit, quote by Spez, CEO of Reddit:

"I think people should be able to make a living, should be able to generate wealth on reddit. And so, that's economic empowerments "

In 2023 at Paris Blockchain Week:

We already knew Reddit's idea for empowering users and bringing economy into Reddit, making subreddits operate like business. In Paris, Spez went into more detail of how he sees WEB 3:

So the idea that all of these (social media) platforms could all interoperate is really really powerful. First with profile pictures, but then my dream would be things like reputation, so I think the reputation that you earn on (social media) platforms should belong to you

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The really important concept is interoperability"If we can return some that value to the consumer, to the end user, let them take it with them, let them own it...

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https://preview.redd.it/4n1kg0r24pnb1.png?674&format=png&auto=webp&s=f7fa53b29e003c2237d5edd6232e504748fc8549

For me most interesting WEB3 projects are ones that have that quality if it's just a constrained platform whats the point of buliding decentralized database"

Here Spez makes it clear that Reddit's ultimate goal is leading way to WEB 3

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From Reddit's documentation:

https://preview.redd.it/d6qbcek54pnb1.png?668&format=png&auto=webp&s=62e1a5e76e7567a24ea28032953c8d668ab4e4e0

Lets dissect this:

• Users can display their reputation anywhere on the Internet, on and off of Reddit.

So ultimate goal for Reddit is to let users display their reputation across existing and new social platforms as their proof of reputation in certain community

And as lines blur between social platforms, users and internet, essentially earn a part of WEB 3

• For example, communities can add bots to show balances in the chat apps they use, and outside forums can restrict access to users who have earned a minimum number of Points across Reddit communities.

Imagine X integrating Moons in platform, one could let only users with EARNED Moons to interact with their post (tweet) cutting down the bots and seeing the reputation of person who commented

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https://preview.redd.it/ftqu9lw74pnb1.png?611&format=png&auto=webp&s=daa938eed8943fc5a995461c77633893080939f2

- Spez:

There’s internet heavies such as Google and Facebook, and then there are much smaller but still well-known companies such as Twitter, Snapchat, Pinterest and Reddit.

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..said he had chatted “a handful of times” with Musk on the subject of running an internet platform.

- Musk:

X would serve people financial needs to such degree that would overtime become HALF of global financial system

It's probably safe to say Elon knows of Huffman's ideas, and they perfectly line up with Elon's plan of everything app

So will X be the first social platform to display Moons?

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• Reddit 2023.27.0 for Android includes this in code:

https://preview.redd.it/tfcg5p4g4pnb1.png?687&format=png&auto=webp&s=048be5ccf1b1679ae50ba466b4f6837758ae26bd

We've seen that Reddit's plan for RCPs and Moons is key in what Steve Huffman sees as future of Web 3 and their development since 2017

New Reddit reward system will further circle the Reddit's plan of introducing economy into Reddit and build on idea of users paying users while Reddit changing their business model to Taxation.

We don't know yet if they will utilize blockchain for this but it is clear that Avatars, RCPs and potential new system are separate as new reward system is extension of Gold/awards while RCPs and Moons are governance tokens but both serving in purpose of forming an economy in Reddit

New reward system will also help popularize idea of people earning on Reddit but Moons are much more than that!

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https://preview.redd.it/oicazvv94pnb1.png?675&format=png&auto=webp&s=67f0dfabe0d56a59291943d15f6624d387e8f954