GBTC has no redemption mechanism, you can wrap more BTC into GBTC but not the other way around. For ETFs this is what solves the arb.
You can do your arb but you still need to offload GBTC at some point and the only option is to another buyer of GBTC.
Coinbase (YC S12)| Cryptocurrency and Payments Engineering | San Francisco, Chicago, London | Full-time | Onsite & Remote
At Coinbase our vision is to bring more innovation, efficiency, and equality of opportunity to the world by building an open financial system.
We’re looking for people to join our Payments Engineering team. Payments team is one of the most mission-critical engineering teams at Coinbase and is in charge of connecting our products with a wide variety of blockchain networks in a reliable, secure, and extensible way. In this role, you’ll be at the center of the team that connects the world’s largest crypto exchange to new assets and integrate new fiat payment rails to the Coinbase platform.
Questions or want to say hi? Reach out to us directly: namrata.ganatra+hn@coinbase.com
Here are some projects that you will be working on:
1)Integrating with cutting-edge Blockchain networks to add new Crypto assets on the platform
2) Scaling our real-time payments-processing platform that millions of users across the world rely on every day.
3) Building microservices for transactions processing and integrating with payment processors for international expansion
4) Implement self-correcting and fault-tolerant systems to provide reliability over unreliable providers.
5) Provide real-time balances and positions for accounts on the Coinbase platform
To learn more about who we are, our engineering culture, and whether this is the right place for you, read our Key Values profile: https://www.keyvalues.com/coinbase
I have no problems with a gigabit symmetrical line on ERLite-3. UniFi Security Gateway is the same hardware but in a nicer interface that works with UniFi APs & Switches if you want to go that route but you have to also host a controller. You can also upgrade to a ER-4 for a much faster CPU but I don't think you need to.
Coinbase is a platform that facilitates the easy use of digital currency for consumers and merchants. This includes buying and selling of digital currency, secure storage in the cloud, and a suite of merchant tools. Moving and transacting financial assets safely is core to executing on our vision and building our brand of trust.
Envoy | All types of software engineering jobs | San Francisco, CA and distributed | Full-time | https://envoy.com
We're on a mission to create the office of the future and visitor management is just the beginning. We already launched our second product (Deliveries).
We’re building a world where you know instantly when packages are delivered; where your office unlocks securely and automatically when you arrive; where you can book a meeting room simply by walking through the door.
We have 1/3rd of our team working full-time remotely but continental US time zones are preferred so we can easily collaborate.
Our stack is built on Ruby&Rails, PostgreSQL, Redis, Elixir, JavaScript (Ember, React Native), and a few more things. We’re currently hosted on Heroku with some AWS (mostly Lambda) though we are constantly reevaluating as we scale.
We value being a top-notch organization with a strong engineering-driven culture, and have the same high standards with our code, systems, and people. We value learning and growth (and not being bored) and hire diverse, well-rounded, communicative people we can envision being friends with and trusting.
We're open to people outside the US (and we have a few) but as mentioned we're looking for people with a high overlap with PST for easier collaboration.
