Jed McCaleb is a cryptocurrency blockchain expert and a well-known American programmer that has been recognized for his work with the creation of Mt. Gox, which was the first bitcoin exchange. He also was a part of eDonkey, which was one of the original peer-to-peer file sharing networks that was decentralized. Jed McCaleb is now working on his latest venture, Stellar, which began in 2014 when he partnered with Joyce Kim as a co-founder. The company is is a financial network that serves the public by encouraging people to become a part of making the global economy better. McCaleb works in a technical role where he writes code and takes care of other technical tasks needed to run the company.
Jed McCaleb came up with the idea for Stellar after he discovered that Bitcoin had a slew of potential problems associated with it. What he did was use the technology behind bitcoin to put together a open source network where financial institutions can connect. One of the main purposes of Stellar is to help people who don’t have bank accounts to have access to them. The reason this is needed is because many financial institutions cannot work with low-income people because it would be a money losing proposition. What Jed McCaleb and Stellar are doing is cutting down dramatically on the costs of maintaining a way of connecting institutions together so that money transfers are much cheaper.
Jed McCaleb is also interested in artificial intelligence and believes that it can solve many issues that the world is currently facing. He feels that AI can do a lot more than blockchain and has been working with the Machine Intelligence Research Institute (MIRI), which is a nonprofit that works to make AI software safe to use. He has expressed his opinion that it is vital to have a business plan and/or strategy in place before you get started with a project. He also has learned to hone in on what is most important in his day to day life and has gotten very good at not being distracted. Jed McCaleb welcomes challenges instead of shying away from him, and this has been a large part of the key to his success.