Jed McCaleb has been a pioneer of the internet age, beginning at the dawn of consumer internet services, starting eDonkey and Overnet, two peer to peer file sharing services. He also created Mt. Gox, a video game trading platform and bitcoin exchange network. Now, as the CTO of Stellar, Jed McCaleb brings financial services to less fortunate parts of the world. He provides the digital infrastructure needed to complete international transactions. Stellar was founded in 2014.
Jed McCaleb was recently interviewed about his business activities with Stellar. The interviewer opened the conversation by asking where the idea of Stellar came from.
“My evolving interest in Bitcoin eventually lead me to the idea for Stellar,” Jed said. Jed McCaleb first discovered the world of bitcoin upon stumbling across an article about it on an tech news website. Jed then conducted his own research, stuffing his head with information, learning all about bitcoin. “Stellar was inspired by bitcoin’s potential, but we are focused on using our open source financial network to connect siloed financial institutions.” Jed is using block chain technology to truly make the world a better place.
As the interview went on, the topic moved to artificial intelligence after the interviewer asked about exciting, recent trends. “Artificial intelligence is both super exciting and terrifying,” Jed explained. Jed McCaleb has donated money to artificial intelligence research by way of the MIRI (Machine Intelligence Research Institute.)
Jed McCaleb owes his success to always planning out sound strategies and plans. His experience in other tech industries such as file sharing and video games also involved decentralized processes. You can imagine his excitement when he learned that bitcoin used a decentralized system to keep track of millions of transactions.
“I’ve purely focused on building great products,” McCaleb boasted. He says that the internet has made things much easier. The days are gone where a person must settle for less than excellent services. “The key is to make a great product that actually fills a need,” he claimed.