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Ask HN: Earn Crypto While Job Searching?

• dqpb 4y ago
  I think you can do better than using crypto as a flat incentive to apply for jobs. A better application, in my opinion, would be to create a matchmaking market. From the view of the job seeker, they would see a list of jobs sorted by how good of a match they are for the job, and they would be presented with some crypto incentive for interviewing for the job (proportional to how good the match is). Same view for the hiring company - candidates sorted by quality match with some crypto incentive for interviewing the candidate. From the matchmaker point of view, they would wager some crypto amount that a candidate is a good fit for a job. If the candidate is interviewed and doesn’t get the job, the wagered amount is paid out to the company and candidate. If the candidate is hired, the company pays a commission distributed to all matchmakers in proportion to their wager. This is actually a very nice usecase for distributed decision making because you have binary outcomes with discrete reward values.
  • Wishy 4y ago
    Interesting. What if the company does this but never intends to hire, they would always pocket the crypto. One of the main problems now is the use case for crypto as not many people trust or wants to use it.
    • dqpb 4y ago
      The interview stats for the company and candidates should be available to the matchmakers. If matchmakers see that a company never hires, then they will stop wagering on matches for that company. As for crypto adoption, I would treat it as an API and not expose it to users, or hide it behind advanced settings. Charge your customers USD, convert it to USDCa, build the actual market as an Algorand smart contract, manage the users wallets behind the scenes, and when they want to withdraw, convert the USDCa back to USD. Then you could allow advanced users to swap out the managed wallet for their own wallet, if they’re so inclined.
• OrangeMonkey 4y ago
  Companies that sell 20 dollar bills for 10 see limitless growth prospects and have amazing customer retention. If paying people to search for a job was worthwhile, then indeed/linkedin/etc would be doing it. Adding ".. but with crypto" to the end of that does not change anything. I appreciate the hustle and I like people growing to become more than they are - but maybe this isn't the one. Good luck my man.
  • aaaaaaaaata 4y ago
    What if they sell 10 dollar bills for 30?, and make large hiring corps "foot the bill"? Hm.
  • devoutsalsa 4y ago
    We lose money on every transaction, but we make up for it on volume!
  • Wishy 4y ago
    I created and was experimenting with my own crypto token. I think if done right, Indeed and LinkedIn would do it. Like Reddit and their crypto sub, pays out in Moon for every upvote. Get more people to post and comment.
    • OrangeMonkey 4y ago
      Crypto is - depending on who you ask - either an investment or a currency. If we say this is a currency as that seems to be the way you are treating it, then if we replace that word a few times... "I think if done right, linkedin/indeed would mail people checks to use their platform to apply for jobs" - I think that statement obviously fails the gutcheck. If the use of cash payments is not appropriate for this particular use case, then adding "... but with crypto" isn't going to change it. Like I said, not throwing hate, I really think people trying to invent things / change things / make things better is amazing. I think this one may need some more baking.
• phendrenad2 4y ago
  Interesting idea! Companies are desperate for talent, so paying people to fill out job questionaires and share their contact info seems possible. You've gone the crypto route which seems like a nice value add.
  • Wishy 4y ago
    Sending people crypto, I can currently avoid the tax headache. As there’s no fiat involved on my end.