New technologies like blockchain and cryptocurrency can be daunting to programmers looking to propel themselves to the forefront as leaders in a hot sector like cryptocurrency. For amazing talents like Jed McCaleb, being at the cusp of cryptocurrency and technology platform initiatives as a programmer, thought-leader and entrepreneur is routine.
McCaleb’s foray into serious computer programming and platform building began in 2000, with eDonkey network, a peer-to-peer file sharing platform. It was the first of its kind to allow multiple sources to download files. In 2010, McCaleb hatched, programmed and sold the first Bitcoin exchange, Mt. Gox, in 2011.
Flash forward to 2018, and McCaleb is not horsing around when it comes to putting his name on the short list of cryptocurrency-focused banking and big industry disruption. As CEO of the Stellar Foundation, McCaleb and his fellow cofounder, Joyce Kim are looking to solve some of the key issues involved with Bitcoin, like scalability. Stellar.com fits into this untapped business sector as an open-source, financial network for institutions involved in Bitcoin and other cryptocurrency.
And for the 2 billion plus people in the developing world who are not connected to any banking institution, McCaleb’s Stellar Foundation is a viable business and investment solution. Stellar.org can bring cost effective and secure options for banking institutions and for future customers. Bitcoin can bring these two parties together in the same way that P2P file sharing software Napster.com and eDonkey network both did. McCaleb’s mission with Stellar.org is to fuse banks with an open-source network that is cheap, smooth and continuous for cryptocurrency transactions.
McCaleb’s business successes come from his ability to never let obstacles impede him achievements, and to overcome key hurdles. McCaleb notes that due diligence, ignoring unessential activities, and having a solid plan and strategy are keys to his success.
For McCaleb, the future is in Artificial Intelligence (AI). McCaleb believes that AI is a technology that could take hold in two decades. And he is an advisor to the Machine Research Institute (MIRI), a non-profit organization focused on making tools that will ensure safety for AI computer programs.