MicroStrategy is Hiring a Bitcoin Developer to Design Enterprise Solutions

American Nasdaq-listed business intelligence firm, MicroStrategy Incorporated has put out a call in search of a Bitcoin Lightning Software Engineer. 


The firm is looking for a veteran who will help it in designing enterprise-grade solutions that can help startups looking to integrate Bitcoin solutions with security through a Software-as-a-Service (SaaS) platform.


“As a Bitcoin Lightning Software Engineer at MicroStrategy, you will build a Lightning Network-based SaaS platform, providing enterprises with innovative solutions to cyber-security challenges and enabling new eCommerce use-cases,” MicroStrategy detailed in its job posting.


MicroStrategy has accumulated more than 130,000 units of Bitcoin since it declared Bitcoin as its Treasury Reserve Asset (TRA) back in 2020. The company now occupies a very viable position in the crypto ecosystem, helping other institutional grade investors with education and motivation to adopt the digital currencies also.


With the new Bitcoin developer that is being projected, MicroStrategy will also seek to establish a reference point by creating a Decentralized Finance (DeFi) focused solution. With the focus to use the Lightning Network, a layer-2 solution built on the Bitcoin network, MicroStrategy is driving a solution that is proven to fasttrack retail payments at a more secure, faster, and cheaper rate.


The new engineer will also be tasked with contributing to open source code and representing the firm with top-rated Web3.0 projects.


MicroStrategy has yet again, set the pace amongst top institutional investors with a vested interest in digital currencies. With Michael Saylor setting the pace for the company’s Bitcoin embrace, Phong Le is billed to walk in the veteran’s footsteps and establish the firm as the premier digital currency at the top echelon of firms bolstering the general adoption of Bitcoin.

Image source: Shutterstock


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BitMEX Announces Two New Grants To Bitcoin Developers

The bitcoin exchange will support the work of Rene Pickhardt and Chris Coverdale with $33,333 each over the next eight months.

Bitcoin trading platform BitMEX announced two new open-source Bitcoin developer grants to Rene Pickhardt and Chris Coverdale, marking the end of the company’s 2021 grant program. Rene and Chris have each received an eight-month grant of $33,333 until May 2022, which would be equivalent to $50,000 per annum. According to the announcement, this interim funding is designed to help aspiring developers move into full-time Bitcoin development.

“With the addition of Rene Pickhardt and Chris Coverdale to the open source Bitcoin developer grant programme, that makes six open source developers in total,” said BitMEX CEO Alex Höptner, per the announcement. “We’re proud of our long term commitment to Bitcoin and open source technology. We are delighted to welcome Rene and Chris to the program and will continue to support Bitcoin development for years to come.”

Rene will work on improving the reliability of the Lightning Network’s payment process. In March, he published a paper introducing probabilistic path-finding, which became the foundation of his follow-up work on optimally reliable and cheap payment flows, submitted in July. Rene intends to implement his new path-finding algorithm coined “Pickhardt Payments” as a library that can be leveraged by nodes, wallets, and service providers in the Lightning Network. BitMEX’s grant will allow Rene to further develop his optimal payment flows algorithm and work on the several follow-up questions laid out by his paper.

Chris, on the other hand, will be focusing on bitcoin mining. The developer will work on building an implementation of the Stratum V2 Bitcoin mining pool protocol, which he has been working on since February. The protocol allows end miners to select transactions and contract blocks themselves, rather than delegating these choices to the mining pool operator, improving data transfer efficiency and the censorship resistance of Bitcoin. Slush Pool/Braiins are also working on an implementation of that protocol. Still, BitMEX’s grant seeks to empower Chris in his independent implementation as well as improve the chances of success for Stratum V2.

In addition to Rene and Chris, BitMEX also supports Bitcoin Core maintainer Michael Ford, Gleb Naumenko, Utreexo developer Calvin Kim, and Bitcoin Core developer Sjors Provoost. BitMEX shared that all six grantees have funding secured until May 2022, when the company will assess renewals.


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Senegalese Bitcoin Developer: Bitcoin Is A Weapon To Fight Oppression

Fodé Diop explains why Bitcoin and Lightning have the power to end monetary colonialism in the developing world.

Fodé Diop, a Bitcoin and Lightning developer from Senegal, has recently shared his thoughts on why Bitcoin is so important to billions of people worldwide that are still victims of monetary colonialism. The developer highlighted the central role that Bitcoin’s open-source technology could play in providing financial sovereignty to those in the developing world.

“Today, people like myself have the means and the power to fight, and there has never been a time in the world like that until Bitcoin came in 2008,” Diop told Reason. “Everything is possible actually, because money is everything.”

Diop was accepted to Emporia State University in Kansas to study engineering and play basketball as a high school senior in Senegal. His father had saved just enough money for his tuition, but before enrolling, their savings were cut in half overnight due to a deal spearheaded by the International Monetary Fund (IMF) and France. To this day, the IMF and the French government still control the currency of 15 African countries.

“If you are in a country where your money might be devalued on the whim of other nations interfering with the local economy, storing your money in Bitcoin might be a better deal to preserve your wealth,” said Diop.

Bitcoin didn’t exist when the CFA franc, which had been pegged to the French franc for Diop’s entire life at 1 to 50, got devalued to 1 to 100 in 1994 after France conceded to pressure from the IMF and the World Bank.

“The cruel irony was that the economic fate of millions of Senegalese was completely out of their own hands. No amount of protest could overthrow their economic masters,” wrote the Human Rights Foundation’s Alex Gladstein for Bitcoin Magazine in “Fighting Monetary Colonialism with Open-Source Code,” an article that also recounts Diop’s story.

The Senegalese Bitcoin developer echoed Gladstein’s remarks to Reason, saying that “the local people felt robbed, because their purchasing power was cut in half overnight,” and there was nothing they could do about it. It wasn’t until Diop encountered Bitcoin that he started to glimpse how his people could fight monetary colonialism.

“When I read the [Bitcoin] white paper I said, this is a weapon for us to fight oppression. I feel like maybe governments are still threatened, but to me, open source technology is just beautiful,” Diop said.

Bitcoin’s open-source technology, along with the scaling and empowerment brought by Lightning, gives citizens worldwide the very weapons they need to fight the oppressor and reclaim their monetary independence.

“I believe that our work is so important that we have to do it no matter what the consequences are,” said Diop. “You can leverage this open source technology to fight the oppressor, so why not use it?”

Indeed, the Senegalese developer has been doing just that. In July, Diop announced the launch of Bitcoin Developers Academy to teach students how to build Bitcoin applications from the ground up using the Rust programming language.

Empowered by open-source code and an antifragile peer-to-peer monetary network that cannot be debased or controlled by third parties, Diop, his students, and millions of others are now able to regain sovereignty over their finances  whether the IMF and the World Bank like it or not.


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