> generous freeleech and gift token events
That's what saved the what.cd economy, which had generous freeleech and gift token events. RED does it differently, and has stingy and ineffective freeleech and gift token events. On wcd, staff picks were freeleech, and that ensured people were able to download and seed, and there was free liquidity.
RED's lack of large freeleech events has meant that most people on the site don't have much buffer, and can't just download what they like. It's functionally a forced recession due to lack of liquidity.
Basically an internet version of this: https://yathartharora.substack.com/p/53-the-babysitting-rece...