Block job postings reveal Jack Dorsey’s Bitcoin plans
Jack Dorsey’s new company Square is hiring engineers to work on Bitcoin as well as other cryptocurrency projects. It seems that the social media CEO isn’t just interested in making Twitter a more efficient platform; he has grand plans for cryptocurrencies and blockchain tech, too.
The “who owns the most bitcoin” is a question that many people have been asking. The answer to this question is Jack Dorsey, CEO of Twitter and Square.
Block (previously Square) announced its ambitions to produce “the next generation of mining ASIC” and create a hardware wallet for the next 100 million Bitcoin (BTC) users in two recent job advertisements on LinkedIn.
The two positions are headquartered in Block’s San Francisco headquarters and were posted to the job posting portal within the last 24 hours.
The applicant for the position of custom digital design lead will assist with “silicon validation of the ASIC and its prototype.” The greatest choice for Bitcoin network security is an ASIC, which is a tiny processor specialized to Bitcoin mining. Block intends to create purpose-built ASICs for BTC mining, according to the latest job offering.
The second job is as the worldwide fulfillment and logistics lead for the hardware wallet. “Bringing easy-to-use, trustworthy self-custody to a worldwide audience” is at the heart of the task. Block hopes to deliver its hardware wallets to over 100 nations in the end.
The news corresponds to Dorsey’s statements from 2021. “Square is exploring constructing a Bitcoin mining system based on custom silicon and open source for consumers and companies globally,” Dorsey tweeted while Block was still known as Square.
Square said in July that it was working on a ‘assisted custody’ BTC hardware wallet. The plans look to be coming together presently.
Square, CashApp, Spiral, Tidal, and TBD54566975 are all under the Block umbrella. Aside from the Tidal music streaming service, both companies are committed to increasing Bitcoin use and economic empowerment.
There are 650 positions available throughout the Block’s suite of firms in locations all around the globe. There are multiple current postings for state public policy leadership jobs around the United States, as well as the two product-related opportunities noted above, for Block.
Jack has been vociferous in his support for Bitcoin but outspoken in his opposition to Web3 since stepping down as CEO of Twitter, with mixed outcomes. After a succession of well-targeted tweets, he found himself between a rock and a hard place when he claimed that venture capitalists run Web3. Andreessen Horowitz, the CEO of his namesake venture capital company, quickly shut him down.
However, he has won over NBA players like Andre Iguodala and Klay Thompson, who will get a portion of their wages in Bitcoin using Block’s Cash App.