How Jack Dorsey’s Block Is Paving The Way For Bitcoin
Jack Dorsey made headlines by leaving Twitter to focus full-time on Square (now Block) and Bitcoin. But how will the company advance the protocol?Twitter founder Jack Dorsey’s new company, Block, is leading the charge to establish technology for the Bitcoin network that builds on both the company’s mission statement and Bitcoin’s founding principles. Genesis Block“If I were not at Square or Twitter I’d be working on bitcoin.” Those are Jack Dorsey’s words from Bitcoin 2021 in Miami. In less than a year since this statement, Dorsey has left Twitter and rebranded his other major company,....
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Jack Dorsey’s Square has officially doubled its money on its Bitcoin Investment. The company’s $220,000,000 invested in Bitcoin is now worth over $470,000,000.
A job posting by Block shows they are looking to hire a team dedicated to launching the “next generation” of bitcoin mining ASIC.
The financial services company has started sketching some plans for solving the industry’s most pressing pain points.
In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.”
The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That Is Fully Decentralized and Permissionless’
Jack Dorsey and the Block’s hardware general manager Tom Templeton discussed the company’s focus on bitcoin mining this week.....