“Jed McCaleb likes building things that make powerful people nervous. In 2000, as Napster was starting to implode, he came up with a peer-to-peer filesharing network called eDonkey 2000 that soon became the world’s most popular way of sharing music online. Act Two was Mt. Gox, which is now the world’s largest exchange for Bitcoin, the widely popular digital currency. McCaleb started the site in 2010, using a leftover domain name he’d registered a few years earlier for a card-trading site. Ripple uses a different kind of open-source business model: You build a digital currency and get rich if it takes off.”
http://www.wired.com/wiredenterprise/2013/09/jed_mccaleb/
Related posts:
The End of the Battery – Getting All Charged Up over Supercapacitors
Analysis Of National Data Finds No Benefit To Red Light Cameras
71st Anniversary: Roosevelt’s Concentration Camps
Mom Of Seven Dies In Prison After Judge Jailed Her For Kids’ Truancy
Lindsey Graham: Boycott the Soviets Again!
G. Edward Griffin on Bitcoin with Max Wright and Trace Mayer
In Gem County, Idaho, It's a Crime to be a "Constitutionalist"
Monsanto Funded Anti-GMO Labeling Campaign Gets Away with Impersonating Govt. Agencies
Bystander’s YouTube upload shows cops shooting, killing fleeing man
Jeff Sessions' Days Numbered, But His Replacements Aren't Much Better
Hackers compromise official PHP website, infect visitors with malware
Ohio Attorney General rejects ballot measure to legalize marijuana
Mogadishu: East Africa’s newest business destination?
What’s the Difference Between Romneycare and Obamacare?
Illinois’ failing economic model: more food stamps, fewer jobs