I agree. Right now the only way for universities or funders to know whether other researchers have thoroughly looked at and approved of the work of someone they're considering for tenure or a grant, is to look at whether their work has the stamp of approval of being published in a "reputable" journal. We need an alternative to that.

(Full disclosure: I'm working on such an alternative. It just launched, but if any of you come across research you think it's good, do consider publicly endorsing it using https://plaudit.pub/extension/. It's all open data, and non-profit.)