My problem with awards (as they were implemented on reddit) is twofold:
- They act as a "super-upvote," because a post/comment that gets an award will often end up upvoted to the top of a thread. This is essentially allowing someone to pay to increase the visibility of one particular view over others. This is counter to the democratic forum nature of the up/downvoting system.
- They incentivise least-common-denominator behaviour from commenters who then race to be the first to make the most obvious joke or reply so that they might get awarded for it. It doesn't engender good and thoughtful content.
Edit: thanks for the gold, kind stranger!