Jed McCaleb Plans to Make Money More Secure
Jed McCaleb founded Stellar Development Foundation in June 2014. McCaleb was born in Little Rock, Ark, back in 1975. Jed McCaleb had barely started his freshman year at UC Berkley when he dropped out to become co-founder of eDonkey in 2000. The company called eDonkey is a file-sharing company similar to Napster.
The eDonkey company was the beginning for McCaleb and Meta Machine Company. Five years after founding eDonkey, Jed McCaleb founded Code Collective. While working as an advisor of MIRI, a machine intelligence company, McCaleb founded Stellar Development Foundation.
Stellar Development Foundation is located in San Francisco, Calif. Stellar is considered the 8th world’s largest crytocurrency company. It costs almost nothing to connect banks and people to this cryptocurrency platform.
According to McCaleb, he is committed to building Stellar up to meet the high standards of cross-border remittances. All the jobs that came before Stellar were merely educational building blocks that were leading to the creation McCaleb had for Stellar. McCaleb was originally focused on the bitcoin in 2010. He felt elated that it was possible to have money that wasn’t centrally controlled by government rules.
McCaleb created a centralized exchanged for bitcoin trading that he called Mt. Glox. By 2011, Mt. Glox was sold to Mark Karpeles, who developed software. In 2014, McCaleb was ready to launch Stellar Development Foundation. Stellar is supposed to be a nonprofit, internet protocol. McCaleb wants sending money to be as easy as sending an email. He hopes to work with banking institutions without being a part of the banking system or what McCaleb calls the blockchain.
Sending money can work with PayPal. You can use PayPal to send to WePay. From WePay, the message goes to Stellar. According to McCaleb, you use a PayPal dollar not a real one. People won’t realize that there is a PayPal dollar until there is a run on the banks. ICO is another part of the Stellar blockchain. An ICO is another kind of bitcoin. ICO makes it easier to raise money. It is especially, easier to raise money with ICO if you don’t have access to dealflow. It’s recommended you visit Jed McCaleb on LinkedIn.
Jed McCaleb’s bitcoin prediction: https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html