Jed McCaleb’s Contribution to Cryptocurrency

Jed McCaleb is currently the Chief Technical Officer and co-founder of Stellar org. Together with Joyce Kim, he cofounded Stellar foundation in 2014. Even before founding Stellar, Jed made eDonkey2000. EDonkey is a peer to peer file sharing network. Recognizing how the financial infrastructure was broken is what pushed Jed to start these companies.

Jed is also an advisor at MIRI. This is a company that conducts research in artificial intelligence for positive impact. In addition to this, he is a programmer and blockchain expert. His contribution in blockchain includes the starting of Mt. Gox. This is the first bitcoin exchange platform.

At Stellar, Jed spends a lot of his time with the smartest people. These are the people who have enabled him to think more about how to improve technologies. He spent a lot more on how to use these technologies to change the world. Jed acknowledges the need to improve human efficiency and reduce efficiency by leveraging on technology.

As the CTO, Jed is mainly involved in coding and building the technical aspect of the company. He was also involved in starting Stellar.org which assists support Stellar network. According to Idea Mensch interview, Jed attributes the formation of Stellar to the realization of the impact Bitcoin has and the understanding that many problems could be solved using the Blockchain technology. He saw the need to connect financial institutions using digital currency.

Jed was aware of the transformational Bitcoin currency. However, instead of creating the currency, he chose on building an open source financial network that links financial institutions. By linking these institutions, Stellar aims to connect the unbanked people in the world. The estimate of these people as per the World Bank stands at 2.5 billion people. Despite the challenges offered by the high maintenance cost and high money transfer cost, Stellar offers a cheaper and seamless transfer through an open source financial network.

Through the years, Jed and his team have made Stellar easy to understand, maintain and more scalable. The implementation of Stellar Consensus Protocol (SCP) has enhanced the company’s security. According to Jed, this implementation ensures that Stellar network is not administered or operated internally.

Jed attributes his success to the art of focusing on important things and developing concrete plans. He believes you can only succeed if you get your goals right. He also believes in building good products rather than marketing them. According to him, the internet has made it easier to market great products. He understands the importance of risk analysis when starting a business. This has made him start business ventures with good risk tolerance.

Read more:
https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html

American Energy Independence: Matt Badiali And Freedom Checks

Matt Badiali is a member of Banyan Hill Publishing Company. Bindle publishing company the publishing company that publishes advice columns on potential investment opportunities. Matt Badiali’s position within Banyan Hill Publishing Company is as their chief expert on natural resource and commodity markets. Matt Badiali did not begin his career in the finance industry. He, in fact, began his career as a scientist. He originally received his bachelor’s science degree in Earth sciences and went on to receive his master’s degree from Florida Atlantic University in geology. He was in the process of pursuing his Ph.D. when he was persuaded by a close acquaintance to join the world of finance. Upon entering the finance, he realizes that he could capitalize on his unique knowledge and expertise that he had gained from his time as a scientist. He utilizes unique accommodation of expertise and knowledge in order to develop actionable advice for the everyday investor that wish to take advantage of opportunities in the natural resource commodities markets. Read this article at Money Morning.

He is perhaps best known for his recent discovery of what he has called Freedom Checks. Freedom Checks are unique investment opportunity that is related to energy production domestically within the United States of America. During the 1980s Congress enacted legislation which is known as statute 27 – F which enabled master limited partnerships or MLPs to operate in a tax-free manner. As a result of the statute if the corporation were able to meet a list of requirements which includes the corporations revenues must be generated at 90% or greater from the production, distribution, storage, transportation of oil and natural gas domestically within the borders of the gods of America and the corporation were to pay out 90% of its revenues to shareholders in a process called distribution it would qualify to be an MLP.

This is created an innovative method of investment where you were able to both invest in your financial future and in the future energy independence of America. The way that Freedom Checks works is very similar to the way that dividends work in the traditional stock market. You receive returns on either a monthly or quarterly basis depending on the performance of the company. However, instead of being treated as traditional income and tax at the income tax rate you are treated as if the money were a return of capital and you are only subject to the capital gains tax which is much lower. View: http://www.metropolismag.com/uncategorized/freedom-check/