Jed McCaleb Seeks to Alter the World’s Economic Infrastructure
After spending a number of years operating in the financial technology sector, Jed McCaleb, the mind behind eDonkey2000 and Mt. Gox, utilized his growing knowledge of cryptocurrency, and in particular, Bitcoin, to initiate the launch of, what he believes will be, his most fruitful endeavor to date, the Stellar Network. The Stellar Network is a universal payment platform will enable anyone to send monies from place to place cheaply and efficiently. This is particularly important because, according to the World Bank, there are two and a half billion people in the world that don’t have access to financial institutions and are therefore considered to be unbanked. Although still in its early phases, Jed McCaleb has already met with the United Nations on behalf of the Stellar Network and several major organizations, including the Praekelt Foundation, have begun integrating it within their financial framework.
While he is considerably excited about the possibilities associated with the Stellar Network, Jed McCaleb attributes his success throughout his career as a result of his dedication to the overall vision of the project at hand, as well as his ability to compartmentalize. On a typical day, he divides his work into two important sections, consisting of a “focus mode,” and a “reactive mode.” While in focus mode, Jed McCaleb dedicates his time to building the Stellar Network, improving upon its deficiencies, and when in reactive mode, he spends time responding to emails and the other micro-responsibilities associated with his company.
Jed McCaleb is significantly excited about the prospects associated with artificial intelligence, which in the past decade, has evolved by leaps and bounds, taking it out of the realm of science fiction. In his estimation, the impact of artificial intelligence on the world will be profound, changing the ways we tend to our daily lives. The impact will be so great in fact, that it will rival many of the historical revolutions felt by mankind in years past. This belief has led Mr. McCaleb to join the Machine Intelligence Research Institute as an advisor, and also a charitable contributor.