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It just came to my mind that, for all the talk about cryptocurrency being "funny money", this could actually be an interesting use case for utility tokens. "He
by rglullis 3y ago
It just came to my mind that, for all the talk about cryptocurrency being "funny money", this could actually be an interesting use case for utility tokens.
"Hey, do you want to apply to the position? Tell me how many Vitae (tm) tokens you want to pay for it."
It doesn't need to be worth a lot, it just needs to be something.
- vsnf 3y agoHow does this do anything expect perpetuate the already well-off, who can purchase an excess supply of Vitae?
- rglullis 3y agoYou make it inflationary. You reset the supply every year. You make it in a way that it is super easy to add companies to the list of approved minters, and let them mint whenever they want so that they can give to their prospects. The token itself has no monetary value. I'm literally meaning it as a way to be an utility token, which is just another way to say "funny money". The idea is just to have a way to avoid spam applicants. There will be no point in hoarding it, unless you are just trying to stop everyone else from ever submitting job applications.
- red-iron-pine 3y ago> unless you are just trying to stop everyone else from ever submitting job applications Sure. Less of them means more success for me. Or for my people, i.e. we here at Stanford hoard it in order to ensure the success of Stanford grads. In principle I'm alright with the idea -- force people to limit themselves to 25 applications, stuff you really want, keep down the noise -- but what happens if people don't get a bite at 25? what are you forcing the hiring orgs to do?
- rglullis 3y ago> Less of them means more success for me. No, less of them means that recruiters will not receive any applications in that channel. If recruiters stop caring about that channel, there is nothing stopping them from using or even creating a different one.
- JCharante 3y agoWell now you’ve invented Upwork Connects tokens which you buy in order to bid on contracts
- hiq 3y agoWhy couldn't you do that directly with USD?
- littlestymaar 3y agobecause blockchain most find some use-case to justify its costs.
- rglullis 3y agoHow do you transfer $0.001 USD to someone?
- kibwen 3y agoIt's all just numbers in a database, you can deal in as small a fraction of a cent as you'd like.
- rglullis 3y agoThat assumes that all parties involved have an account on the same bank.
- hiq 3y agoHow do you do it with a token? The micropayment problem is not new, and there's no indication that the Ethereum-based tokens have solved them, especially not with transaction fees that high. If you're talking about a non-decentralized solution, then as the sibling comment argued it boils down to an entry in a database and that's trivial anyway.
- rglullis 3y ago> How do you do it with a token? Use a testnet. We are talking about an application with literal zero monetary value. No one will attack a test net to be able to mint themselves a token meant to be used solely for priority-rating in a process queue.
- 3y ago
- eqmvii 3y agoThe something awful forums are still out there charging $10 to post in 2023, so…
- renonce 3y agoNow everyone can set up a job post and receive lots of free Vitae (assuming it can be converted to and from USD) and the job market becomes flooded
- rglullis 3y agoExactly, which will make people more mindful of where they apply.
- pjc50 3y agoPrior to the 18th century reforms, British army commissions (officer jobs) were explicitly bought and sold. > It doesn't need to be worth a lot, it just needs to be something. Market pricing, though. I can see the rate for being considered for lucrative tech jobs climbing into tens of thousands of dollars (or one or two paycheques).
- rglullis 3y agoBut we are not talking buying the job, we are talking about buying the spot in an application queue. The recruiter would still reject the applicant regardless of how much they paid.