Serial Entrepreneur in Wild West of Capitalism

Published on
August 25th, 2017
26 minutes

Serial Entrepreneur in Wild West of Capitalism

Cypherpunks beyond Bitcoin ·
Featuring Jed McCaleb

Published on: August 25th, 2017 • Duration: 26 minutes

Jed McCaleb is a serial entrepreneur in the cryptocurrency world, from file sharing network e-Donkey to co-founding Ripple and Mt. Gox. He’s been at the cutting edge of digital currency developments since their emergence and with Stellar, is now taking crypto technology to the developing world. In this interview, Jed tells Brent Johnson how Bitcoin innovators view regulation and what the future industry landscape will look like. Filmed on August 2, 2017, in San Francisco.


  • TR
    Travis R.
    12 February 2019 @ 01:05
    Tokenizing gold in the ground. Haha. I believe Mark Twain has a saying about such dealings.
  • RL
    Radu L.
    28 August 2017 @ 12:34
    Question: Why would a bank/payment company that charges 10% for remittances (to Philippines/Nigeria/wherever) would implement the Stellar solution that can send money for free?Or...what I am missing here?
    • JK
      Jan K.
      14 September 2017 @ 17:38
      Because if they don't, somebody else will.
    • GS
      Gordon S.
      16 September 2017 @ 19:22
      Though the question is will these banks lower the fees when using Stellar? Not sure it costs them even close to 10% at the moment?
  • nc
    neil c.
    26 August 2017 @ 12:12
    Is there and difference between a cryptocurrency backed by gold and a paper claim derivative of gold.? I do not see any difference as neither one guarantees a secure claim to physical gold
    • GS
      Gordon S.
      16 September 2017 @ 19:18
      In particular if it hasn't even been dug out...
  • JM
    Jay M.
    27 August 2017 @ 09:18
    Great value add by RVTV to yield access to guys like McCaleb. Is it worth while to define with one sentence, what different terms mean in that space? E.g. DOS attack and ICO? Of course any viewer can just hop on Google and search it themselves. It is just a fact that the brain has problems following the plot in the conversation, when it gets stuck on a term that it doesn't know and ponders that. Well pointed out that Stellar is working on a solution to establish a common protocol for payment transactions, Thank you for the interview RV!
    • BT
      Bryan T.
      16 September 2017 @ 18:15
      Well said Jay M the art of communication is transferring ideas in your mind to mine affectively. Using language specific to your brand new concept and not defining it for your audience is just poor communication.
  • HK
    H K.
    7 September 2017 @ 01:19
    I was a big fan of cryptos until I Iearned more and realized this a train wreck waiting to happen. Get in make some money and don't be the one left holding the bag.
  • HK
    H K.
    7 September 2017 @ 01:19
    I was a big fan of cryptos until I Iearned more and realized this a train wreck waiting to happen. Get in make some money and don't be the one left holding the bag.
  • RR
    Raj R.
    29 August 2017 @ 17:08
    He says there is not much competition. But all the use cases he described including the gold miner use case can be implemented using ethereum and ripple. So I don't get the difference!
  • MS
    Mark S.
    29 August 2017 @ 13:11
    I sort of miss the days when something called eDonkey wouldn't be relevant in an investing interview.
  • PN
    Paul N.
    28 August 2017 @ 22:56
    I've only heard rumours so I can't accuse the guy of anything. But developers I know and trust think both Ripple and Stellar are complete jokes.
  • CS
    Carlos S.
    25 August 2017 @ 20:41
    Do your homework. This guy is really smart but I would not trust him. Read how he sold MtGox with 80k BTC missing: "Unfortunately for Karpeles, he had signed a non-disclosure agreement that left him unable to discuss the loss, and he faced the Sisyphean task of recovering the missing bitcoins on his own—a problem that became greater by the day and sometimes by the hour as the value of bitcoins skyrocketed." And there's more, "Ripple alleged that McCaleb had violated a 2014 agreement governing the sale of his XRP holdings":
    • CS
      Carlos S.
      25 August 2017 @ 21:13
      Here's the soap opera version of the journey from Ripple to Stellar:
    • RS
      Rohinee S.
      27 August 2017 @ 09:15
      The article ( observer )- was quiet revelatory. As always I am left wondering who are the good guys here - if there are any .
    • MS
      Matt S.
      28 August 2017 @ 07:41
      just reading about this guy gives me a headache... he seems like a walking disaster
    • DT
      Daniel T.
      28 August 2017 @ 19:19
      This guy is a scammer. Surprised to see him on RV. So many other great minds in the blockchain industry....
  • GG
    George G.
    27 August 2017 @ 14:03
    Got into bitcoin in 2013 and still in...and have been looking at ICO's (Initial Coin Offerings) referring to ALT COINS. Some of these are the 'smart contracts' you have been waiting for....ICO's for Altcoins I think will shape the future of raising money for startups even though this " wild west" will have a 95+% failure rate and the footsteps you hear are the regulators who will attempt to slow down the process. (good luck) What the ICO's do is level the playing field by offering an auction in new ideas and business' to the world to invest in; not just VC's in Silicon valley. The investor MUST do his own due diligence on each coin offering. This is like bitcoin in 2010 just beginning. Hell bitcoin at almost $5000 is just beginning.
  • CS
    C S.
    27 August 2017 @ 07:25
    What does a gold/commodity company do with cash raised through the selling of gold in the ground? Trade in financial assets with the cash over cost of extraction, hope that cost of extraction doesnt outrun the value of instruments invested in?
  • PB
    Pieter B.
    26 August 2017 @ 06:49
    Brilliant interview! Thank you very much!
  • RM
    Russell M.
    26 August 2017 @ 04:07
    if you want to look hipp with the young cyber punks, trade the 3 piece vest for a navy prep school style blazer.
  • JS
    John S.
    25 August 2017 @ 20:45
    Founder of Stellar is brilliant. Bring him back for more please.