Jack Dorsey hiring crypto engineers! Jack Dorsey, the CEO of Square and Twitter, has announced that he plans on hiring up to four full-time crypto engineers and one designer.
#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why?
— jack (@jack) March 20, 2019
Dorsey disclosed that the decision was influenced by Square’s development lead, Mike Brock.
“Last week I was considering my hack week project, and asked @brockm: “what is the most impactful thing we could do for the bitcoin community?” His answer was simple: “pay people to make the broader crypto ecosystem better.” This resonated with me immediately, so we’re doing it.”
Dorsey announced that the team of crypto engineers and designer will report directly to him. So raises the question – is this gift to the crypto community a true gift to the community, or Square? There are other questions that are undoubtedly going to be raised.
For instance, if the commercial interests of Square are threatened by a development in Bitcoin technology, will Square-affiliated crypto developers be given the free direction to continue their work? Will Dorsey use this team to extend his power into the bitcoin development community?
What can the community do to make sure that this doesn’t happen? How do we maintain Bitcoin’s anti-centralization stance?
Jack Dorsey thinks one step ahead of us – he’s already addressed it, by saying that Square’s commercial interests would not compromise the core philosophy and goals of cryptocurrency.
“These folks will focus entirely on what’s best for the crypto community and individual economic empowerment, not on Square’s commercial interests. All resulting work will be open and free.”
Square’s revenue and profit from Bitcoin is steadily growing. Dorsey has actively made personal investments in Bitcoin as well as Bitcoin startups. Just last week, he revealed that he had been maxing out the $10,000 weekly limit of Bitcoin purchases on Cash App.
One thing is certain – Jack Dorsey has skin in this game. The question to answer is why. What do you think? Let us know what you think on our Facebook Page!