/biz/ - Business & Finance

Is this the big news?

Wouldn't be surprised honestly. Still don't really give a shit

Jed McCaleb sold Mt. Gox to Mark Karpeles in 2010 and moved onto other things. This included the founding of Ripple in 2011, the same year Satoshi Nakamoto moved onto other things.

Not only was McCaleb a software engineer and a proponent for peer-to-peer software, he was also a fan of decentralization.

“I think it’s true that most financial institutions are not going to use bitcoin. But in my mind, what blockchain gives you is a public record that everyone can see, but they can’t change it. So parties can transact even if they don’t know each other.”

He as well as Satoshi, were C++ software coders.

>>16812752

What starts with F and rhymes with Jed?

/thred

>>16812922
heeeey wait a minit "thred" doesn't start with F

>>16812867
>total japanophile

its called a weeb

Jed McCaleb is currently worth between $10 and $20 billion, which is mostly in XRP tokens.

Jed left the Bitcoin community because he knew Bitcoin would never be accepted by financial institution and he disliked the path it was traveling on with Silk Road and the insolvency of Mt. Gox after he sold it to Mark Karpeles. This is why he founded Ripple and eventually Stellar.

McCaleb said it is very difficult to run nodes outside of Ripple Labs, and the fact that the Ripple team runs most of the nodes should concern people.

McCaleb, who serves as Stellar’s chief technology officer, said Stellar is an Internet level protocol. He said the protocol should be done by a non-profit entity, and noted that had the Internet been created by a for-profit company, it would look very different today.

Stellar has been successful in part because it has not limited its investor base to only a few participants. The underlying coin has been distributed very widely, he said.

Stellar’s coins, known as lumens and XLMs, ranked among the 10 largest cryptocurrencies by market capitalization earlier this year, although the currency has since fallen by around 34% on the year.

Stellar’s transaction settlement is five seconds or less, which is much faster than bitcoin, he noted.

>>16812752
The real Bitcoin is only 5c, phew. They need a big announcement for that sweet 10x like in 2017.

50c and stellar is back, but with all the airdrops it might take another 2 years for that.

>>16813333
There's a lot of development on Stellar. I don't know if it's as decentralized as Bitcoin. It wasn't mined and it had sort of a pre-mine type of allocation from the start to Jed. I would say it's a very good buy at this price and should be more valuable in some years from now.

Can't say the low transaction cost and speed is bad. It's very good. Probably the best cross border payment network.

"In 2014, Jed McCaleb, founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Before the official launch, McCaleb formed a website called "Secret Bitcoin Project" seeking alpha testers"

Why would they call it the Secret Bitcoin Project? tw as also written in C++. I know there's a few names tossed out to be Satoshi, most notably Craig Wright.

Jed McCaleb's birthday, his credentials as a software engineer, and p2p software background correlate with Bitcoin.

>>16813960
Probably was part of the team, it’s not just one person. It was already speculated before that it might be him along with others, Nick Szabo was the top pick in the end.

bump

>>16813333
jesus those QUADS

>>16814495
It's fucking Hal Finney, everyone pre-2011 knows it.

>>16813333
>>16815555
holy shit, blessed thread