On Wednesday (March 20), Jack Dorsey, CEO of Twitter and Square, announced that Square, the startup of FinTech, is hiring four full-time “crypto engineers” to “work full-time on open source contributions to the ecosystem. of bitcoin / crypto “and proceeded to explain why.
Dorsey, a big crypto fan
Dorsey has been a big fan of cryptography in general and Bitcoin in particular for quite some time, and this was not the first time he spoke publicly about cryptography. For example, here is what he tweeted on December 30, 2016:
“Bitcoin: we tested this with our e-commerce store years ago. I did not see much. I would love to see a digital currency prosper”. Jack (@jack) December 30, 2016.
Many has been said about Bitcoin
On May 16, 2018, while speaking at the 2018 Consensus conference, he said this about Bitcoin:
“The Internet deserves a native currency; It will have a native currency. I do not know if it will be Bitcoin or not, but I hope it is”.
More recently, on February 1, during an interview with Joe Rogan (episode # 1236 of the podcast “The Joe Rogan Experience”), Dorsey reiterated once again that he believed that Bitcoin would eventually become the “native currency” of the Internet:
“Then, going back to the Internet, I think the Internet will have a native currency, it will have a native currency, and I do not know if it’s Bitcoin, and I think it will.” [be] taking into account all the evidence that has passed, the principles that support it, how it was created … It was something that was born on the Internet, developed on the Internet and was tested on the Internet. It’s Internet … And the second thing is that we’d love to see something become a global currency. Allow more access It allows us to serve more people. It allows us to move much faster around the world”.
A job advertisement has been published
However, Dorsey’s most recent words on cryptography came on Wednesday (March 20), when he started with a tweet that looked like a job advertisement:
#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 cryptographic 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.
Square’s influence
He then explained that he had come to this decision as a result of a conversation last week with Mike Brock, Square’s employee, who is leading the strategic development for the cash application, during which Brock had told Dorsey that the best way to To help the cryptographers community was To improve the cryptographic ecosystem:
“Last week I was considering my hacking week project and I asked @brockm: “What is the most shocking thing we could do for the bitcoin community?” His answer was simple: “pay people to improve the broader cryptography ecosystem”. This resonated with me immediately, so we are doing it”. Jack (@jack) March 20, 2019.
Next, Dorsey pointed out that although Square would hire these cryptographers and pay them, none of the jobs that will drive Square’s commercial interests and any contribution they make will be open source and free for anyone to use:
“This will be Square’s first open source initiative independent of our business objectives. These people will focus completely on what is best for the cryptography community and individual economic empowerment, not Square’s business interests. All the resulting work will be open and free”. Jack (@jack) March 20, 2019.
Dorsey thinks that this initiative is to return (“in a small way”) to the open source community:
“Square has cost us a lot to the open source community to bring us here. We have not returned enough. This is a small way to return, and one that is aligned with our broader interests: a global financial system more accessible to the Internet”. Jack (@jack) March 20, 2019.
And that’s how he professed his love for blockchain technology and the cryptographic community:
“I love this technology and the community. It has seemed to me that it has deep, objective, restless and … really strange principles. Like the internet early! I am excited to learn more directly”: Jack (@jack) March 20, 2019.
The idea of Dorsey has been received by a thunderous applause.