Comment Reddit's only value is it's comments (Score 1) 145
The users create every bit of value on reddit. The backend code is a joke, the moderation is a joke to the degree the only way the site could ever work is people volunteering all that work for free.
Users should all be compensated for their contribution FAR more than Reddit the tiny company that has done very little meaningful updates and brings no real value to the table.
The business model is basically don't get in the users way because they are the only value the site has. The code, backend, advertising and management are all very generic and easy to replace. The beauty of reddit is that the code is so under-developed and simple compared to other sites. Things like chat and inbox are just complete trash code that nobody cares about.. because the only value is in the comments, posts and voting... which really isn't much more than a 1990s web forum with little up and down arrows. It's hard to actually bring any more value to reddit than that without getting in the way of the users and eroding the site.
Maybe they will find that out the hard way.