The CEO is an absolute bastard. He’s twisted the words of his “friend” Aaron Swartz, the real founder of the site, and bastardised his creation while trashing his legacy.
The blackout isn’t pointless, it’s just not yet enough. Reddit needs to die, and the blackout is a step towards that. It started as a way to try and get admin to change, and in that respect it has and will fail, but it is the first step to reddit going the way of digg.