The Future of Bitcoin According to Jed McCaleb

Jed McCaleb was born in Arkansas. He entered adult life by attending the University of California, Berkeley. He dropped out to move to New York City. In 2000 he started, MetalMachine, his first computer-based business. He is the founder and leader of blockchain giant, Mt. Gox, which became reality in 2011. During this same year he also founded eDonkey, which at that time was the largest file-sharing network of all time. He later also created the eDonkey2000 application. He led eDonkey to have more than 4 million active users.

He then founded and served as the CTO (Chief Technology Advisor) for Ripple, a position which he held until 2013. In 2014 he co-founded and became CTO of Stellar, a blockchain-powered international single payment plan. McCaleb predicts that the future of his industry will have operable universal payment networks. Along with the similar company, Ripple, Stellar is considered a revolution of the current remittance models. McCaleb believes in his company so strongly that he has stated his firm belief that Stellar will be the company to make universal payment networks a reality an that this reality will come to fruition by 2028.

Although stellar is bitcoin-based, McCaleb says this future universal payment network may or may not be based on bitcoin. Nevertheless, he thinks it probably will be bitcoin-based. He says this future system may be a hybrid system that facilitates flat currency payments. Stellar and Ripple both have their own cryptocurrency. The way that they function allows customers of these sites to use whatever form of currency they want. Ripple came first and has already been adapted for use by the South Korean Woori Bank. McCaleb also currently serves as an advisor for MIRI, an artificial intelligence research company.

More than anything else, Jeb McCaleb is absolutely sure that technology will revolutionize the world of tomorrow.

McCaleb’s prediction on the future of blockchain: https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html

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