26 sats \ 3 replies \ @kr 2 Mar 2022 \ parent \ on: SN release: ~jobs meta
Great point.
I think setting minimum cost increases to 10k with an auction is still going to result in the same outcome, just with higher (albeit sub-optimal) earnings.
In a way, the current format of the auction process is like constantly negotiating against ourselves.
Your other post looks like the most simple option.
One other note, I think we should raise the minimum amount to 500K-1M sats/month. That's only $250-$500 for a full month of exposure to a huge pool of the smartest Bitcoiners around, and only about 1-2% of the market rate companies are willing to pay for a good hire.
Recruiting firms typically earn 20% of an employee's first year salary for a successful hire, which is a $20,000 cost for an employer to hire someone for $100K/year.
By asking employers to pay $5 for a job they already pay $20,000 for, implies that Stacker News isn't going to yield good results and probably isn't worth their time.
Imagine if someone was selling you a car for $5. You wouldn't even bother looking at it, because you'd know it was a pile of trash.
The 10k sat minimum bid is working against us in the same way the auction process is.
I do think that's the way to go.
500k sats is like half the size of my largest lightning channel lol.
I'll rework the ranking, the minimum, and the delta before I begin selling it.
reply
True, but let's be sure not to anchor ourselves to retail Lightning Network numbers.
Businesses are our target market with the job board. Many of them have millions of dollars in VC cash on their balance sheet, and are actively trying to spend it to find good hires and grow their business.
We can offer them an excellent service, just need to price it correctly.
reply
Oh, I'm with you on making it expensive. We perceive expensive things as being more valuable all the way and I think what we are offering is valuable.
reply