CTO Jed McCaleb Talks About Where He Sees Blockchain Going Next

One of the pioneers of cryptocurrency, Jed McCaleb, has said that he sees that industry’s underlying technology will eventually change how many financial transactions are made in the not so distant future. He founded Mt. Gox which was the first place anyone could trade bitcoin before moving on to other ventures. He said this tech, blockchain, would change how banking is done and how stocks are traded.

Today, Jed McCaleb works at Stellar Development Foundation, another cryptocurrency firm he co-founded and for which he is the chief technology officer. He started this organization in 2014 and the goal was to help financial firms lower the costs of their customers. Right now it is too expensive to provide banking services to about 2 billion people around the world. By lowering the costs using the Stellar network these people will gain access to the global financial industry and everything that offers.

Jed McCaleb says that it’s all but inevitable that there will be a universal payments network in place which uses blockchain as the advantages are too high. Blockchain creates a public ledger, he says, which everyone can see and which nobody can go in and change without good cause. Jed McCaleb says that banks using the technology will allow their customers to use the currencies they are very familiar with such as euros, the yen, and dollars among other government-backed currencies.

As for stock trading, Jed McCaleb says that there are already startup tech companies at work who are using blockchain to facilitate people to buy and sell stocks. He thinks that all equity will be tokenized before too long. He said because the load would be too great for any one centrally controlled exchange to handle all the traffic he expects this will take the form of a decentralized platform.

One of the big problems with bitcoin he says is that it is too slow to be used in the real world which reduces its usefulness. Jed McCaleb says that his cryptocurrency, Stellar, can process a transaction in just seconds compared to several minutes or more for a bitcoin transaction. He is working to speed this up even faster over time.

Here’s an additional reading about Jed McCaleb and his cryptocurrency: https://en.bitcoin.it/wiki/Jed_McCaleb

Brad Reifler Helps Investors Stay Abreast of Their Investment Choices

Brad Reifler has become a very confident investor that is giving advice to many others that are new to the investment world. He started his own company called Forefront capital, and this organization has become a global powerhouse in the financial services industry.

Brad is someone that believes in maximizing the returns on investments, and he also believes that diversity is the key to doing this. Anyone that has taken time to acquire any advice from him is aware that diversity is something that he believes in.

According to Crunchbase, it is great to have someone like Brad Reifler to give advice because he has experience. He knows what works. He believes that investors have to branch out away from safe Investments, but he also believes that investors cannot play it too risky with nothing but stocks.

So many investors see the big technology companies like Amazon and Apple and they become convinced that stocks is the only way that they can make money. It is true that these firms are bringing forth huge rates of return, but this is not the only way that money can be made. It definitely is one way to secure more money, but Brad Reifler believes that it is more important to consider a diverse portfolio of real estate, equities, hedge funds and index funds.

There are also other things to consider like annuities and money market accounts as well. In order for people to really get a grip on what they are investing in they must first know why they are investing. This is something that Brad Reifler puts a lot of emphasis on.

He believes that investors have to know why they investing in order to gain some level of confidence about how much they really want to say. If an investor believes that they are investing for a short time they are not going to really be serious about the investment choices.

People that know that they are investing for retirement for long-term purposes, however, are going to be much more inclined to build an investment portfolio that has lots of different investment options.

Learn more about Brad Reifler: http://www.barrons.com/articles/the-mystery-stock-thats-up-14-fold-this-year-1482555949