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Comment by lockhouse | Hacker News Reader

It amazes me how little Reddit's leadership understand about their own history.

Reddit essentially took off because Digg screwed the pooch so hard with their redesign and just general mismanagement of their community.

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They understand a lot about Digg's history and they want to make sure that this time both the managers and the investors will reach the most profitable pay day possible. Either by selling the site or getting an IPO. That's the only target.

Personally for me, Reddit lost the human touch several years ago and with the cancelling of Secret Santa that was one of the most fun activities on the internet, I've stopped using the site almost completely.

One single part of the site pumps meme stocks like nobody's business, and most every stock is a meme stock to some degree. If owners/management wanted the biggest payday, they should have worked with users to pump the value. Things like selling microshares that give you sitewide flair, etc. Instead they chose the boring old method of juicing the balance sheet by arbitraging mindshare? Sounds like an unforced error.

The existence of a Secret Santa used to be a pretty good gauge for the health of a community.

"Those who fail to understand history are doomed to repeat it."

Personally, I'm looking forward to Reddit going the way of Digg.

There’s a few posts that are pretty valuable and should be archived in some form or another.

I'm sure the same was true for Digg, but those posts were all lost anyway. That's the danger of using a centralized, for-profit corporation's message forum service. By contrast, we can still look up posts from decades ago on USENET.

Same, but there's no viable replacement yet.

I feel that, we’re already on the closest one IMO.

I already spend way more browsing time here than Reddit these days. That said, it does lack focused topic discussion for things like, your favorite band for instance.

I guess we will all just use a million fragmented discords most likely

>That said, it does lack focused topic discussion for things like, your favorite band for instance.

That was always the greatest thing about Reddit IMO: there's some really unique and highly-focused subs there. However, the fact that you have to use a single account across all the subreddits (you can use different accounts, but it's a pain) makes you very vulnerable to some crazy mod in one sub banning you and then getting you banned from the entire site. Completely separate discussion forum sites, as were common 10-20 years ago, didn't have this problem.

Using multiple accounts is one of the things that third-party apps made much easier, as it happens.

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