New job postings for Block reveal Jack Dorsey’s Bitcoin plans
According to most recent job postings on the social networking platform, LinkedIn, Block’s Jack Dorsey has revealed the group is planning the development of the next generation of mining ASIC and making a hardware wallet for the upcoming 100 million Bitcoin users.
Block, which was formerly Square, has advertised two roles that are based at Block’s San Francisco headquarters.
The first advertised role is for the profile of Custom Digital Design Lead, wherein the candidate would help “silicon validation of the ASIC and its prototype.” An ASIC is described as a small machine primarily dedicated to Bitcoin mining, currently considered the best option for Bitcoin’s network security. The new job postings at LinkedIn has thus confirmed that Block has stepped out onto developing purpose-built ASICs for Bitcoin mining.
The second job role is for a candidate who would be the Lead for the hardware wallet’s Global Fulfillment and Logistics. At the job’s core responsibility is bringing “easy-to-use, reliable self-custody” to an international audience.” The role says that ultimately, Block expects the distribution of its hardware wallets in over 100 countries.
The job roles news has aligned with Dorsey’s announcements that had been made in 2021. Back when Block was being called Square, Dorsey had tweeted that Square was for long considered to build a Bitcoin mining system that is based on custom silicon and open source for both individuals and businesses.
Further back in July 2021, Square had also claimed that it was developing an ‘assisted custody’ Bitcoin hardware wallet. It also appears the plans are finally coming together.
Block is the holding name for firms including CashApp, Square, Spiral, Tidal and TBD54566975. Aside from the Tidal music streaming service, each company is dedicated to particularly furthering Bitcoin adoption in order to fuel economic empowerment.
Across the Block’s list of companies, there are only 650 jobs currently available across destinations around the globe. For Block, there are various live listings for state public policy leadership roles in the United States, in addition to the two aforementioned product-related roles.
Since he stepped down as CEO of Twitter, Dorsey has been very vocal in his support for Bitcoin while being outspoken in his opposition to Web3. After a series of well-aimed masterstroke tweets, he had been stuck between a block and a hard place after he had tweeted that VCs own Web3. CEO of eponymously named VC firm, Andreessen Horowitz, blocked him after the series of incidents.
However, he is considered to be winning over NBA stars, including NBA champion Andre Iguodala and Klay Thompson, who would be receiving some of their salaries in Bitcoin through the Block’s Cash App.