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08-Dec-2017 09:05

According to a Bafta statement, films will not be eligible for two of their main awards if they do not meet new “diversity criteria” to bring in “under-represented groups,” that is, anyone who is not white, male, or heterosexual.Universally regarded as a ‘genius’ even by his detractors, Jed Mc Caleb helped create two landmark crypto companies that are now battling for supremacy—first Ripple Labs and now Stellar.In another outburst of anti-white racism, the British Academy Film Awards (Bafta)—the U.K.’s equivalent of the Oscars—will in future be denied to any British movie that only has heterosexual white actors.It garnered publicity and presumptive credibility inside the industry from its anti-establishment rhetoric, high-profile advisors and derivation from Ripple. Because of Bitcoin’s ubiquity, the cryptocurrency business is sometimes called “the Bitcoin business,” or, further confusing things, “the bitcoin business.” The interpersonal story of Stellar and Ripple Labs is emblematic of the turmoil roiling the entire industry.The company creating the Ripple protocol is Ripple Labs (originally called Open Coin). The company creating the Stellar protocol is Stellar Development Foundation (originally Jed Mc Caleb’s Secret Bitcoin Project). It has everything: Sex, huge money, fraud, genius, betrayal, international intrigue and government raids.It had brilliant technologists, backed by banking relationships and wise management. Mc Caleb became infatuated with a bright, ambitious woman named Joyce Kim. Kim’s mentors, who is today one of her most fervent supporters. “I actually introduced her to Jed because she was raising money for her company. The company developed its product by flying its entire development team to Honolulu, renting a house for two months and working about six hours a day between surfing sessions.

Its gross currency value of 7 million in mid-December puts it second behind Bitcoin’s .6 billion. Stellar, started in July 2014, is one of the newcomers (market cap of million).

Despite IQs that look like professional bowling scores, no one in the trio could actually operate a company. Chris Larsen completed the all-star team as CEO of what became Ripple Labs. Larsen had already taken a pair of complicated start-ups and built them into thriving businesses: E-Loan, one of the first online mortgage companies, which IPO’d and is now part of publicly held financial services company Popular, Inc.; and Prosper, one of the first peer-to-peer lending marketplaces. Larsen had a reputation as a “disruptor” who could also shepherd a new idea to mainstream success. Larsen presenting a suit-wearing, responsible front to the bankers and Mr. Kim has one of the all-time great Linked In profiles: Harvard, Cornell, Columbia Law, the Innocence Project, Shearman & Sterling, two other law jobs, founder or CEO at two start-ups and now a venture capitalist.

E-Loan and Prosper went on to process billions of dollars in transactions, adapting their new business models to comply with traditional securities and banking regulations and developing relationships with established financial services companies. Mc Caleb cast as the mad genius who would innovate and disrupt, Ripple quickly became the consensus successor to Bitcoin. and he is bonded with them.” Even as they began negotiating the support of the children, he wrote her emails “respecting my role as a mother, also trying to do Bravo Your City and keep that alive.” Then the tone of Mr. “He started using phrases like ‘You need to work like every other single mother.’ ” This was around the time that Mr. Burzlaff and their kids foreshadowed an identical end between Mr. That doesn’t even include co-hosting the short-lived based on the phenomenally popular blog of Om Malik, one of Ms. Kim met through Jesse Powell, an investor in Ripple Labs (and now Stellar). Powell told the in a lengthy interview that it was he who made the love connection. That Simple Honey needed to raise money was obvious.

He is precisely the sort of ‘surfer-dude man-child’ coders regard as a demigod.

But with a long string of failed companies, broken hearts, and legal problems in his wake, time will tell if legit outfits like Stripe and Wells Fargo will bet on the man who created companies like Mt.

On one side are governments, fiat currencies and the world banking industry.