At the time of the announcement, the moderators of most of the subreddits involved with the community points program claimed to be unaware of the decision.
This time on Reasons Why Crypto Based on Reddit Karma Blockchain Points Is Dumb: potential fraud!
whats sad is it does not need to be. gridcoin has a steady value based on the grid computing it provides (outside of a brief spike when idiots where buying anything labled as crypto). As far as I know its the only example where the value has any meaning.