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Twitter CEO Hiring Crypto Engineers in Bid to Push Bitcoin to the Masses

Twitter CEO Hiring Crypto Engineers in Bid to Push Bitcoin to the Masses

The Twitter and Square CEO Jack Dorsey has tweeted to say he plans to hire a handful of blockchain engineers and a designer to work on Square’s crypto initiatives. The new hires will focus their energy on what is best for the crypto community.

Work from Anywhere, Get Paid In bitcoin

Dorsey said the new hires will report directly to him and will conduct work that will contribute to the advancement of an accessible, Internet-based financial system to benefit the greater community, reports Fortune.

Dorsey added that the new employees could work from anywhere in the world and could also be paid in bitcoin if that’s what they so chose. The CEO said in a Tweet on March 20, 2019:

“I love this technology and community. I’ve found it to be deeply principled, purpose-driven, edgy, and…really weird. Just like the early internet! I’m excited to get to learn more directly.”

Dorsey, who has been a longtime proponent of Bitcoin, believes BTC will one time become the Internet’s native currency in the far future. He said in his Wednesday Tweet thread that improving the cryptocurrency ecosystem was the “most impactful thing” Square can do for the community before adding:  

“Square already allows people to buy and sell bitcoin on its Cash App, which is also a mobile payments platform that competes with Venmo.”

Dorsey said his Square Payment Company had benefitted a great deal from the open source community to reach its such success and now he wants to give back to the community through this initiative.

He believes the action will also help to extend Square’s broader interest in creating an accessible Internet-based financial system. Dorsey added:  

“This will be Square’s first open source initiative independent of our business objectives. 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.”

That Dorsey wants to see cryptocurrencies triumph shouldn’t come as a surprise.

His Square Cash App already allows users to buy and sell bitcoin and has been heard to say he can’t wait for the arrival of the Internet’s native currency. While didn’t know whether that will be Bitcoin or, he hopes the premier cryptocurrency makes it out on top. 

The hiring spree now enables a few lucky people to get in and help make Dorsey’s dream a reality.

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Published at Thu, 21 Mar 2019 17:23:56 +0000

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Bitcoin Naysayer Mark Cuban to take part in an ICO

Mark Cuban, the famous investor and bitcoin skeptic, is planning to invest in his first ICO, the e-sports betting platform Unikrn.


The Rise of ICOs

In the last couple of months, more and more projects and startups are raising money through an Initial Coin Offering or ICO.

Status is another example of a startup that raised money through an  ICO process.Within 24 hours, the startup was able to raise close to $100 million in funds. But some analysts and experts actually think that the current state of  ICOs may be damaging for the cryptocurrency ecosystem.

In a recent tweet, William Mougayar, who organized a Token Summit in New York, criticized this current “Gold Rush” mentality of ICOs.

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Although many experts have a split opinion on the ICOs, many see it as the future of venture capitalism and the way VC firms will raise money in the future.

Mark Cuban: bitcoin Skeptic

Mark Cuban

In a recent tweet, famous investor and owner of the Dallas Mavericks Mark Cuban recently tweeted about the current bitcoin price spike, calling it a “bubble”.

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Despite his skepticism of bitcoin, Cuban was quick to acknowledge the value and potential of bitcoin’s underlying technology – the blockchain.

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Given his opinion of the cryptocurrency, it is perhaps a bit ironic that Mark Cuban has invested in an e-sports betting startup – Unikrn – which is planning to launch an ICO within the next couple of months. In a report from CNBC, the investor said that he is likely going to invest in Unikrn’s official token sale, although he has stated that he hasn’t signed any related paperwork yet.

The UniKoinGold Token Sale

UniKoinGold Token Sale

The Seattle-based e-sports betting platform is planning to launch an ICO and distribute UniKoinGold tokens. On the official website the Unikrn team describes the UniKoinGold token:

The coin will be an entry to a new version of the existing Unikrn spectator betting system, and it will also become the exclusive token used on a new skill-based betting platform. UnikoinGold will power the most immersive live-betting platform for esports.

The startup also noted that the ICO will be available for its shareholders, customers, fans, and the ethereum community. According to the official website of Unikrn, some of these shareholders are Ashton Kutcher, Mark Cuban, Shari Redstone, Elisabeth Murdoch and others.

What are your thoughts on Mark Cuban’s decision? Do you think that ICOs will be the future of fundraising? Let us know in the comments below.


Images courtesy of  Wikimedia, Unikrn, CNBC

The post Bitcoin Naysayer Mark Cuban to take part in an ICO appeared first on Bitcoinist.com.