This is pretty bad. That pretty much destroys the credibility of Reddit's commenting system in a single act. No one can look at the integrity of the comments written by others the same any more.
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Who cares? Why is this a big deal? I am so unbelievably unimpressed with the seriousness of this, I feel like there is such an enormous effort to pretend this is "serious business" and "the integrity of reddit" (?) is somehow being compromised. We all knew this could be done. On any forum. Reddit is a silly place. Reddit is a place for people to shitpost memes and puns with throwaway accounts. The Donald is a subreddit that revels in trolling and messing with people, spewing toxic garbage nonstop. They riled up the main admin of reddit so much he did something childish -- a pretty impressive trolling effort. That's the end of this story as far as I can tell.
What's disturbing is how many sane people are getting up in arms over this. The trolls are going to have a field day. Unfortunately, it has already blown up and has hit all the major media outlets. This is a perfect example of something on the Internet done "for the lolz". But people who don't have an understanding of Internet culture just cannot grasp this concept.