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Jed McCaleb Seeks to Improve Efficiency Throughout the World

Jed McCaleb, the founder of former online powerhouses, eDonkey and Mt. Gox, has set a goal for himself to help bring about a more efficient world, particularly in the area of financial transfer, and as online capabilities continue to increase, he envisions a world in which that will soon be a reality. Mr. McCaleb recently sat down for a Q & A session in order to discuss his vision, his daily process, and a few technological advances that have him really excited about what the future holds. His latest company, Stellar, is currently in development and was conceived based on the growing industry of cryptocurrency, which he defines as a new way to move value from one place to another. While Jed McCaleb firmly believes that cryptocurrency, in particular, Bitcoin, is the future of worldwide currency, he also recognizes that traditional banking systems have left a market consisting of over two billion people, virtually untapped. It is Mr. McCaleb’s ultimate goal to connect these financial institutions to the unbanked population of the world in a cheap and efficient manner. Stellar is already becoming a force to be reckoned with throughout the developing world, as several businesses and non-profit organizations have begun implementing it within their financial infrastructure.

When discussing the many processes that have made him quite the success over the years, Jed McCaleb points to the fact that he usually breaks his day down into two separate categories, consisting of what he likes to call, “focus mode” and “reactive mode.” While in focus mode, Mr. McCaleb concentrates on building and coding platforms such as Stellar, and when in reactive mode, he concentrates on handling the business aspects of running his company, such as replying to emails. As he is constantly looking to the future, Mr. McCaleb has keyed in on several developing technologies that have him really interested and at the top of the list is artificial intelligence. In his own estimation, the next twenty years will prove to be similar to the agricultural revolution in the ways in which artificial technology impacts our daily lives, and he has already begun investing in it, recently donating funds to the Machine Intelligence Research Institute.

More about Jed McCaleb: https://en.bitcoin.it/wiki/Jed_McCaleb