There’s some misinformation floating around regarding Lemmy not having a karma system. While many have discovered otherwise, this is for those who may not have.
While it’s not exposed in the Lemmy default user interface, Lemmy does have a fully functional karma system and it is visible in third party clients such as WefWef and Memmy.
Do with that what you will.
Requiring accounts with X days or X karma lead to subs where people would literally post just to get upvotes and the creation of bot accounts.