I have to disagree...somewhat. Since Reddit is open source, I could create a copy right now that would have no content on it. Lets say I populated it with all

I have to disagree...somewhat. Since Reddit is open source, I could create a copy right now that would have no content on it. Lets say I populated it with all of the old, highly rated posts. This would be valuable as a source of high quality content, but has less value to me because it lacks current events and interaction with other users. I said 'somewhat' because there clearly is a value in having high quality content, so I see it as a trade off. I think there's a market for both high-quality/low-volume sites as well as lower-quality/higher-volume sites.