Block job postings reveal Jack Dorsey's Bitcoin plans

Published at: Jan. 11, 2022

In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.

The two roles are based in the Block’s headquarters in San Francisco and were added to the job posting platform in the past 24 hours.

For the role of the custom digital design lead, the candidate will help “silicon validation of the ASIC and its prototype.” An ASIC is a small machine dedicated to Bitcoin mining and is considered the best option for Bitcoin network security. The new job posting confirms that Block sets out to develop purpose-built ASICs for BTC mining.

The second career is for the hardware wallet's global fulfillment and logistics lead. At the job's core is "bringing easy-to-use, reliable self-custody to a global audience." Ultimately, Block seeks to distribute its hardware wallets to over 100 countries.

The news aligns with Dorsey’s announcements made in 2021. Back when Block was called Square, Dorsey Tweeted that “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.”

Further back in July, Square claimed to be developing an ‘assisted custody’ BTC hardware wallet. It appears the plans are now coming together.

Block is the holding name for Square, CashApp, Spiral, Tidal and TBD54566975. Tidal music streaming service aside, each company is dedicated to furthering Bitcoin adoption and economic empowerment.

Across the Block’s suite of companies, there are 650 jobs available across destinations around the world. For Block, there are several live listings for state public policy leadership positions across the United States as well as the two aforementioned product-related roles.

Since stepping down as CEO of Twitter, Jack has been vocal in his support for Bitcoin while outspoken in his opposition to Web3 –sometimes with varying results. Following a series of well-aimed tweets, he was stuck between a block and a hard place after he tweeted that VCs own Web3. Andreessen Horowitz, CEO of his eponymously named VC firm, swiftly blocked him.

However, he is also winning over NBA stars including NBA champion Andre Iguodala and Klay Thompson who will receive some of their salaries in Bitcoin using Block’s Cash App. 

Tags
Adoption
Blockchain
Bitcoin
Bitcoin Mining
Bitcoin Wallet
Jack Dorsey
Job
Related Posts
Crypto mining needs to be redefined before simply casting it away
Blockchain mining networks are often victims of their success. The two contemporary realities that demarcate the mining landscape and cause blockchains to fall short of what they promise are 1) the ongoing technological arms race driven by inherent competitive greed; and 2) the rising energy costs associated with proof-of-work (PoW) mining. Blockchains built on the PoW consensus have become highly unequal and increasingly centralized in terms of their hash rate. This concentration of mining power in fewer and fewer hands is an attack on the fundamental requirement for distribution and decentralization that blockchains possess. In addition, the motivation to ramp …
Adoption / Aug. 21, 2021
Bitcoin soft fork days away as Taproot upgrade closes in
Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability. Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness (SegWit) and resulted in the launch of Lightning Network. While the previous fork primarily sought to fix transaction malleability and improve Bitcoin’s network scalability, the Taproot upgrade aims to revamp …
Adoption / Nov. 7, 2021
United Citizens Organization launches as a blockchain initiative at COP26
Speaking at a COP26 press conference in Glasgow, Scotland on Wednesday, a panoply of experts from the tech-environmental sector spoke to global citizens across the world about improving coordination and support for climate action with blockchain technology. The GloCha United Citizens Organization for Action for Climate Empowerment has been launched at COP26 as a blockchain-based quasi-international organization located in Klagenfurt, Austria. It will now seek to utilize blockchain technology to advance climate change objectives in alignment with the UN SDGs. The UCO is rooted in the Action for Climate Empowerment Innovation Project, or ACE_AT, as well as Global Challenges Action …
Adoption / Nov. 10, 2021
The Bitcoin bottom — Are we there yet? Analysts discuss the factors impacting BTC price
When Bitcoin was trading above $60,000, the smartest analysts and financial-minded folk told investors that BTC price would never fall below its previous all time high. These same individuals also said $50,000 was a buy the dip opportunity, and then they said $35,000 was a generational buy opportunity. Later on, they also suggested that BTC would never fall under $20,000. Of course, “now” is a great time to buy the dip, and one would think that buying BTC at or under $10,000 would also be the purchase of a lifetime. But by now, all the so-called “experts'' have fallen quiet …
Adoption / Sept. 3, 2022
How the Ordinals movement will benefit the Bitcoin blockchain
Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer. The number of newly created Ordinals, also referred to as "inscriptions", have been spiking in recent weeks, causing a surge in transaction fees and average block size on the Bitcoin blockchain. According to Wertheimer, Bitcoin NFTs are going to be beneficial for Bitcoin's security budget: by driving up transaction fees, the creation of Ordinals will incentivize miners to secure the network while the revenue from mining reward will be decreasing with …
Adoption / Feb. 18, 2023