The Reddit blackout has been ongoing for several days now, and it appears that some crypto communities have been left in the dark. As of June 15th, just under 6,000 subreddits, many of which have a significant number of members, have gone completely dark. The blackout was initially intended to last from June 12th to June 14th but has since continued for some subreddits. Certain prominent crypto-related subreddits have joined the protest against Reddit's decision to increase the price per request for its API by July 1st, 2023. Despite the continued blackout, Reddit has stated that it has no plans to reverse its API policy update.
Reddit blackout continues to impact crypto communities
The ongoing Reddit blackout has caused significant disruption to various communities, including those in the crypto space. The blackout was initially intended to last for just two days, but it has continued for some subreddits. As of the time of publishing, nearly 6,000 subreddits remain dark, leaving many users in the dark on a range of topics.
Prominent crypto subreddits join the protest
Many of the crypto subreddits have joined the protest against Reddit's decision to increase the price per request for its API by July 1st, 2023. The price hike is set to increase by 10 times the current rate, which has caused significant concern among many of the communities that rely on the social media platform. The blackout is intended to put pressure on Reddit to reconsider its decision and find a more reasonable solution.
Reddit refuses to budge on API policy update
Despite the ongoing protest and the continued blackout, Reddit has stated that it has no plans to reverse its API policy update. The company has argued that the price increase is necessary to ensure that the platform remains sustainable in the long term. However, many users have criticized the decision, arguing that it will lead to the exclusion of smaller communities that cannot afford the increased costs.
The future of crypto communities on Reddit remains uncertain
The ongoing Reddit blackout and the controversy over the API policy update have left many crypto communities uncertain about the future of their presence on the platform. While the blackout is intended to put pressure on Reddit to reconsider its decision, it remains to be seen whether it will be successful. In the meantime, many users are looking for alternative platforms that can provide a similar level of engagement and support for their communities.
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