3 ms·

How does this do anything expect perpetuate the already well-off, who can purchase an excess supply of Vitae?

• rglullis 3y ago
  You 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.