The premise behind the reward system has always been completely implausible and never actually had an organic user base. Think about the basic idea of it. Someone would make a comment and if you thought that comment was important or meaningful you could...pay reddit and then they'll put a gif next to it...huh? How does that make sense?
The new system sounds like ass, but I did find value in the old system: I had an esoteric OS problem that I could find many questions about but no answers. Finally, after playing around with my search terms enough, I found a reddit thread where someone had posted a solution which took care of my issue. This was after a week+ of searching, and was a very irritating issue, so I gave reddit money to gift the redditor Gold.
AFAIK, it just gave them an ad-free experience for a month and a few points to spend themselves, but I still wanted to thank them for taking the time to post the solution and, hopefully, encourage them to continue the same.
I don't know if it was a worthwhile reward for them (they DM'd me to say thanks but also they rarely used reddit themselves lol) and I am unhappy that I lost the remaining points I had, but at least I had a direct way to show my appreciation. Does it qualify as "organic"? I honestly don't know, but I think the system did make some sense.