For me, it’s a few things.
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A way to burn time that doesn’t feel like a digital sugar rush.
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Support, camaraderie, and kindness, primarily from /r/stopdrinking.
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Niche stuff, like ideas for local hiking and backpacking trips, propaganda posters, and kayaking info.
My most productive usage of Reddit was as a fast, easy way to find good information on pretty much any subject - at least as a starting point. Anything from home DIY stuff, to building a PC, to self-help and fashion advice
It would be wonderful to have a version of Reddit that didn’t have a crazy profit motive and was focused on the users.