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What about this "idea" is cool? Karma farmers will become crypto miners and nothing else changes. You don't "own" anything that is in the blockchain, especially not your reddit community (as seen with the protests in June/July).
Being able to spend money. I don't know what will happen with farming and other things but the premise is the same as any other form of currency. Provide value, get rewarded, buy stuff.
I don't think they will be owning anything that's why I mentioned it feels like a serfdom.
There is still strong anti-crypto sentiment in social media so I'm not surprised to get this type of reply but it does seem charged or emotional rather than curious. Is there something about blockchain or digital currency that makes you angry or irritated?
The thing about "blockchain" that makes me irritated is that it's a pretty rarely-useful data structure and the word is elevated as this magical new technology that will revolutionize everything.