TIL that 9 years ago you could convert your karma on reddit for btcoin

All you had to do was send a message to u/bitcointip with the subject “Free Bitcoin” and say REDEEM KARMA followed by your wallet address.

Typing all that sounds like a scam you expect to find in the comments section of Youtube, but this was 100% real and legit.

As far as I know, it wasn’t an official reddit thing, but a project by a crypto advocate. The purpose was to give redditors a few cents (which would be a couple hundred $$ now) to expose them to crypto and learn more about it.

I don’t know what the exact exchange rate was, but here’s a sample conversion:

• 1,510,146 karma = you get 0.01510146 BTC (worth 15 cents back then, and $744 today)
• 543 karma = you get 0.00100543 BTC (worth $50 today)

Alternatively, you could also donate it to a public faucet instead of sending it to your wallet.

There was a 100 karma minimum and it was a once-per-user thing. You had to decide whether to cash in right now, or karmawhore some more for a bigger payday.

Good times.

Unfortunately, the bot was turned off a few years ago and doesn’t work anymore (but you’re free to still try - who knows?)

Here’s the original post.