marcell

This article is nonsense.

California already has a property tax, about half of which is based on the land value, and the other half on the structure on the land. So this is not some brilliant idea, just a renaming of what we already have.

If the author is suggesting to repeal Prop 13, that is also not a new idea, and has been discussed for decades. Good luck.

Will fix it shortly, the CSS / Javascript on that is a little buggy. I wanted to make neat visual effect but it breaks in a lot of cases.

Well, they don't have to be employees. It's not for everyone, if you don't want a crypto token compensation, Fetchfox is not the right company for you to work for.

> While I agree that 1% is low. 25% seems crazy?

(author/fetchfox ceo)

I usually make a few different offers that have cash / token allocation tradeoffs. Higher token = lower cash, and lower cash makes you more like a founder.

Just to give a concrete example, for a recent very good candidate, the offer on the high token side was ~20% of the expect total allocation and 150k cash. There is also a higher cash option with lower token allocation.

For less exceptional candidates, the offers are a lower token allocation the equivalent cash.

> I've noticed that recruiters recently will use euphemisms for crypto/blockchain/etc

I've seen this also, and I think its lame.

This is why at Fetchfox I explicitly use the phrase "crypto token" in the article and in all offers offers to prospective hires. It's a crypto token, so we call it that.

There are a lot of negative associations with the term, but using euphemisms just confuses people and makes it seem like you're afraid or that you're trying to trick them. I say, call a spade a spade, and call Voldemort "Voldemort".

> Why does no one run a completely employee owned tech company?

I thought about setting up Fetchfox this way, and in some ways we are an employee run company. Everyone including me gets the same crypto token as our stake in the company's success. I get a higher stake as the founder/ceo, but some offers give the employee 0.5 for every 1 of my allocations, which I think is pretty fair.

Long term, it would be nice if I had <50% stake in the project, and it self-managed somehow, similar to crypto projects like Ethereum.

That said, the phrase "employee owned" has some bad connotations. It has an implication that you are not trying very hard to grow, or that you are somehow less committed to company, or that you are some sort of co-op. For these reasons I don't like use that phrase.