Reddit Community Points

It seems HN changed it to old.reddit.com but it doesn't load. Here is the working link: https://www.reddit.com/community-points

> People earn Points by contributing to the community, for example by submitting quality posts and comments. Based on these contributions, the community ultimately decides how many Points each person receives.

What does this mean? Is it just that votes get translated into "Community points", or is there some other process by which "the community decides"?

Edit: Ok, the Distribution section later describes it.

> To propose a change, publish an alternative list and create a poll to have the community approve it. If the poll meets the minimum quorum and passes (by Points), it becomes the official contribution score (except in case of significant bribery).

What the ...? It reads like an April fools entry. Unfortunately, we're far from April.

So instead of, you know, not censoring opposing viewpoints anymore, Reddit is instead just creating some shiny thing on a blockchain?

So...it's basically a way to put Reddit karma points on the blockchain...which does...something?

The value proposition here is really unclear.

It says the page can’t be found.