Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation.
It will be inexpensive to send and provide users access to the benefits of cryptocurrencies without the volatility. While we expect that Reserve will be valuable to traders and app developers inside the crypto ecosystem, we’re most excited about it replacing inflationary currencies and dysfunctional banks. And with the currencies in Venezuela, Argentina, Turkey, and elsewhere approaching hyperinflation, now seems like the right moment for people to choose something new.
We're building something that hundreds of millions of people desperately need – a form of stable money that can be accessed from countries that have broken currencies, broken governments, and capital controls that prevent converting money into a stable store of value.
We offer high equity at the current valuation, with even more potential upside. Our token is trading live, and we can offer token compensation that exceeds typical startup equity value by a significant margin. See: https://www.hbg.com/en-us/exchange/rsr_usdt/
We're backed by Peter Thiel, Sam Altman, Coinbase Ventures, and several others.
You can read more about us on Breakout List: https://breakoutlist.com/reserve-careers/
We have a team of three engineers developing our smart contracts and mobile application full-time. We often work in sprints with a scrum board, and when we do, we forbid non-engineers from bothering us during 8-hour periods for three days per week, in order to achieve greater focus. We work together in the same room, review each other’s code through GitHub pull requests, and test every change in CI.
• Computation that runs on a blockchain is slower and more expensive than the same computation on an ordinary server, by a factor of about one million. How do we handle this constraint? What part of our system can run off-chain and what are the corresponding tradeoffs? There are many clever and elegant ideas here.
• Ordinarily, when you have a bug in your software, you can fix it and redeploy the software. If the bug corrupted some database state somewhere, you can manually fix it or restore from a backup. But when your software is running on a blockchain, these kinds of interventions are – by design – either harder or impossible, even for extremely high-impact bugs. What can we do about that? How can we make our code sufficiently robust? There are many interesting ideas here as well.
Creatively break our smart contracts in any way you can, and then build tests and improve our processes to prevent such failures in the future.
Add or alter a feature in our Android app, which is built to allow non-crypto-savvy users to trade in and out of our currency.
Build out our formal verification toolchain so that we can prove important properties of our smart contracts.
Design and pitch an architectural approach to our governance system that will eventually make control of system upgrades fully public.
The members of our team have good relationships with each other. Many of us knew each other before this project started, and we’ve quickly grown into an open and friendly culture while at the same time prioritizing hard work and intellectual rigor.
We provide subsidized health, vision, and dental insurance.
10 days of paid vacation leave per year, as well as paid sick leave that accrues at a rate of one hour of leave for every thirty hours worked (up to seventy-two hours of accrued paid sick leave at any time).
We have views overlooking Lake Merritt with excellent restaurants and coffee shops right down the street.
Well stocked kitchen, with high quality catered meals delivered three times per week that follow a variant of the Paleo diet.
Free gym membership at a gym that's a minute away.
We welcome well-behaved pets coming to work. One of our engineers occasionally brings his dog.
Engineers who are part of our outreach get the opportunity to travel. So far, some of our engineers have visited NYC, Singapore, Hong Kong, a castle in France, Powder Mountain (Utah), and Austin.
We encourage our engineers to visit relevant meet-ups and conferences and reimburse travel and ticket costs.
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