Illustration by Alex Castro / The Verge
Reddit is going to let users spin Reddit gold into real money as part of its new “Contributor Program,” the company announced on Monday. It also shared details on the replacement for its old Reddit Gold system that let users show extra appreciation for posts or posts that they liked.
Let’s start with the Reddit Gold update since it’s a critical part of that Contributor Program. Under the new gold system, you can long-press an upvote button on mobile or hover over it on desktop to be able to buy gold. Reddit will offer six different purchase options for awarding gold, starting at a $1.99 option to buy one gold and going up to $49 for 25 gold. After you give your gold, you’ll see what Reddit calls a “golden upvote” next to the comment or…