2023 is a Ripe Environment for Central Bank Failure (an article) by Sam Callahan

TL;DR: 200 years ago, the Bank of Amsterdam collapsed due to insolvency caused by bad loans, war and currency debasement, leading people to abandon it. Today, central banks face comparable challenges.

Hey Bitcoiners,

The Bank of Amsterdam's history highlights trust's critical role in today's monetary system. As the Federal Reserve grapples with challenges reminiscent of those that led to the Bank of Amsterdam's collapse, trust in it rapidly diminishes.

This erosion is exacerbated by poor policy choices and rising inflation. Each misstep by central banks, leading to fiat currency debasement, drives people worldwide to seek alternatives.

Bitcoin doesn't just offer an alternative; it symbolizes stability and reliability.

As more individuals choose Bitcoin over traditional fiat currencies, its adoption and importance will continue to grow. In this crucial moment, will the Federal Reserve correct its course, or will Bitcoin become the standard for a more resilient economic future?

Enjoy!

Tick tock next block,
Cory Klippsten

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Quote of the Day

“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”

- Satoshi Nakamoto

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Job of the Day

Application Security Senior Engineer / Architect

Swan Bitcoin

The Company

Swan is a leading Bitcoin-only financial services company supporting individuals and companies throughout their Bitcoin journey. We hire passionate Bitcoiners who want to work with a self-motivated and fully distributed startup team.

The Role

Swan is growing rapidly and looking to expand our Security Engineering team. We are a team of builders and everyone from the top down codes. We are looking for people who want to own product and ship features end to end with the help of the larger team around them.

We love to hire people with a broad skillset, with expertise in at least one or more areas. This job requires deep experience in software development in the security realm, but additional expertise in operational security or technical product management is a plus. Our operational folks code and our developers operate.

This role’s title will be based on your seniority, but does require significant development expertise. If you don’t have the years but feel you have the chops, you’re still welcome to apply.

This position reports directly to the CTO and will play a key role for all things related to secure access and identity engineering.

Your responsibilities

• Deliver end to end working products for security, ranging from authentication flows, to user experience improvements in various security and risk flows

• Work independently with developers, engineers, product owners, and other colleagues to ensure secure design, development, and implementation of applications and services.

• Perform security architecture design reviews of our products

• Perform code analysis of large applications, manually and using SAST and DAST scanning solutions, as well as conducting manual vulnerability analysis

• Help oversee and mentor junior members of the security team. Help oversee our vulnerability program, with daily management from junior employees

• Provide remediation guidance and recommendations to developers and administrators

• Interface with the Customer Success team to discuss and track security feature enhancement requests from our global customers

• Work with Product Development teams to help prioritize and validate the urgency of mitigation of identified product vulnerabilities and security feature enhancement requests

• Work with larger security team to define and enforce security best practices and standards and ensure Product Development teams understand them and receive pertinent annual secure coding training

• Review and assist the Security Operations team with efforts such as monitoring, dashboarding, and alerting. Mentor SecOps team with development efforts

• Help create and enforce a strong on call policy in partnership with SecOps

• Assist in interviewing and growing the Security Engineering / AppSec team

• Ensure the team builds architecturally consistent software, of high quality, and follows operational best practices

• Take active role in Threat Modeling in partnership with SecOps, Infra, Engineering teams

• Manage internal communications, both written and verbal, in support of large-scale project delivery

• Partner with peer managers within the Secure Access Engineering organization to coordinate cross-functional initiatives

• Identify product gaps to industry standards, user experience improvements relating to security, and write and implement proposals to address

Skills and experience that will help you succeed

• At least 7 years of software development experience, with a heavy focus on security.

• Extensive knowledge and expertise in identity and authentication flows and products. Must be able to write proposals and implement security features involving public/private key encryption, OIDC, and JWT-based authentication.

• Demonstrated capacity and desire for technical leadership in a fast paced startup environment. This is not a people management position first and foremost, but the ideal candidate can be a tech lead for a small team.

• Excellent skills in translating vague requirements and ideas to architecture diagrams and flows for other engineers.

• High throughput and clear written communication and multitasking - we are a remote company with a highly active Slack culture that moves quickly.

• A good Bitcoin story!

Nice to have, but not required

• Ability to ship front-end code in a React environment, though the majority of the work here is intended to be backend oriented.

• Experience with red team, blue team, and incident management. This is the purview of the SecOps team, but you will be working closely with them.

• Experience and aptitude in technical product management, understanding user experience vs security tradeoffs, helping your team manage work.

Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.

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Event of the Day

Pacific Bitcoin — By Swan Bitcoin

The Barker Hangar
Santa Monica, CA

October 5 & 6, 2023

Watch this 90 second reel from last year’s event to get in the mood. Then save 21% with the code DAILY.

Featured speakers include: Jimmy Song, Lyn Alden, Greg Foss, Preston Pysh, Alex Gladstein and many more.

Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.

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Meme of the Day