Friday, June 7, 2024

[Hiring] Remote Golang job: Senior Software Engineer, Bitcoin Platform at Block (San Francisco, California, United States)

Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block. Job Description

About Bitcoin Platform

The Bitcoin Platform team develops infrastructure for Block to send, receive and custody bitcoin by operating a stack for both cold, hot, and lightning wallets. Our goal is to bring bitcoin to people around the world, unlocking previously impossible use cases to accelerate a world built on better money. The team is composed of two engineering teams, Custody and Trading, who specialize in backend, security, and blockchain engineering.

Our Senior Software Engineering position sits on the Custody Engineering team, which is responsible for managing and improving our hot and cold Bitcoin wallets, handling transfers in and out of our wallets, and working on next generation Bitcoin technology and features like running a Lightning network node. You will be responsible for designing, building, troubleshooting and improving Bitcoin platform features, services, and infrastructure. We are scaling quickly and are excited to grow the team! Qualifications

You have:

8+ years of relevant experience

Bachelor's Degree or Diploma in Computer Science, or equivalent experience.

A strong motivation to contribute to a meaningful product that will fundamentally change the way people interact with financial institution

Experience working with Bitcoin/Lightning or the desire to learn.

Experience working across teams and disciplines.

Experience building backend systems at scale, involving modern eventing, database, and infrastructure tooling

A pragmatic approach with a focus on delivery.

Ability to excel in macro and micro elements of software design.

Willingness to contribute to the growth of those around you.

Demonstrated technical initiative and leadership on previous projects.

Technologies we use and teach:

Java, Kotlin

Go

Docker, Kubernetes

Jaeger, Prometheus, Datadog

JUnit

Hibernate, Vitess, Guice

Bitcoin, Lightning

Additional Information

Block takes a market-based approach to pay, and pay may vary depending on your location. U.S locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future.

Zone A: USD $180,000 - USD $270,000 Zone B: USD $171,000 - USD $256,600 Zone C: USD $162,000 - USD $243,000 Zone D: USD $153,000 - USD $229,600

To find a location’s zone designation, please refer to this resource. If a location of interest is not listed, please speak with a recruiter for additional information.

Full-time employee benefits include the following:

Healthcare coverage (Medical, Vision and Dental insurance)
Health Savings Account and Flexible Spending Account
Retirement Plans including company match 
Employee Stock Purchase Program
Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance 
Paid parental and caregiving leave
Paid time off (including 12 paid holidays)
Paid sick leave (1 hour per 26 hours worked (max 80 hours per calendar year to the extent legally permissible) for non-exempt employees and covered by our Flexible Time Off policy for exempt employees) 
Learning and Development resources
Paid Life insurance, AD&D, and disability benefits 

These benefits are further detailed in Block's policies. This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.

We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, veteran status, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class.

We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible.

Additionally, we consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.

Read more / apply: https://www.golangprojects.com/golang-go-job-gnv-Remote-Senior-Software-Engineer-Bitcoin-Platform-San-Francisco-Block-remotework.html


Taxed for BTC credit card Rewards?

Hello, never posted here, but I figure this is a good place to ask this question. I know people will judge me for this, however I don't mind really, just want to make sure I'm following the rules properly.

I signed up for a credit card in March through Gemini ( crypto exchange ) , and I receive Bitcoin as a reward for using their credit card. I have accumulated only around $50 worth of btc with this card (0.0007 btc for those interested), and I'm wondering if in 2025 while filing taxes, is this considered income I need to report? I know it's not a lot, but by April 2025, I suspect it will be around $200ish (Again, not a lot) but I'm not sure how the tax laws in the US apply in this situation.

With regular cash back rewards, I know that is considered income if you redeem them, and therfor taxable. With btc rewards, I'm not sure if it's considered income to "buy" btc with the rewards, and is therfore taxable, or if it's a capital gains tax only if I sell. I, personally am not buying the btc, but will the government see this as a taxable event?

I will not convert these rewards back to USD in the near future, and in April of 2025, that money will still be BTC. I suspect this money is considered taxable only if I sell, but I'm not sure... Again, I will not sell these rewards for USD at all in the near future, and if I do, I'll report it as capital gains (or loss, lets be real 🤣) , but I need to know if the accumulated rewards will still be taxed despite me not selling it for USD.

Or Maybe the profit from the rewards is taxable, I have $50 worth of btc, however, I've only accumulated $48, and the $2 is from gains. Maybe only $2 is taxed, and the rest isn't?? I have no idea lol

If it is considered taxable, I'll use the cost basis for each reward to figure out the tax implications, which will be a pain since each reward is anywhere from $0.01 to $1.00. I use it to pay for things I'd buy anyway, and basically pay it off immediately.

Not sure if this is relevant, but the credit card balance is paid off in full every month, always has zero balance by payment date.

If anyone has any insight, I'd greatly appreciate it, thanks! Also please forgive my ignorance, I'm just trying to learn haha


HODL ON!!! 💎 ✊

For those of you that are getting discouraged by hodling heavy bags of alts, only to see them having a nice little pump, but then slammed right back down as soon as BTC takes a little dippy dip, read on!

Actually, there's an explication behind that and here is my theory.

Large cap, mostly quality Layer 1, have not move much compared to BTC, yet.

XRP, AVAX, ADA, DOT, MATIC, LTC, HBAR, ATOM, XMR, XLM, FTM, QNT, AAVE, ALGO are some of the quality/OG names that I can think of. Even the OG meme coin known as DOGE and SHIB didn't have a crazy/insanity pump compared to some of the other degen shitcoins out there.

The big narrative in 2024 has been around degen shitcoins, other than these degen memes, only a selected few have had a great pump:

  • ETH, mostly because of the ETFs hype along with PEPE, the shiny new toy;

  • BNB, only god knows why it reached new all time highs;

  • SOL, mostly because of the degen memes craziness, WIF, FLOKI, BONK, etc;

  • TON/NOT, the new kid on the block and more recently, the meme shitcoins on the Base layer, the new shiny tool of Coinbase, namely BRETT, BENJI, etc.

  • BCH, mostly because of BTC's halving event.

There are other outliers that I can think of:

  • LINK had a nice little run, mostly because of its strong fundamental narrative and ongoing development;

  • The new "Solana Killers", APT and SUI both had a nice run at the beginning of the year (almost at the same time, how a coincidence), but their nice pump since have been fade and they have yet to recover;

  • And finally, the new shiny ETH's Layer 2, OP and ARB also both had a nice run (right at time with APT and SUI), but then again, they have yet to recover.

From more than 20 000+ altcoins within the crypto market, that's not a lot and it's quite simple.

Most of the liquidity have been concentrated in BTC, ETH, memes degen shitcoins narrative and then the selected few coins/sectors that I've described above.

The true alts season, has seen in previous cycle, has not started yet. The liquidity to pump the majority of them beyond the sky is not there, yet.

For that to happen, here is what I think we need to spark this narrative:

I could be wrong, of course I could, I'm just a degen after all, but it's my theory from what I've analyzed so far.

So for now, keep accumulating quality coins (or degen shitcoins) and staking in your bags, as this will be one of the most epic alts season and wealth creation that we've ever witnessed!

Happy bagging degens! 🐶 🐸