Should you have been round within the cryptocurrency house in 2017, you probably bear in mind the antics of John McAfee.
The enigmatic founding father of the anti-malware software program that shares his identify was probably essentially the most outspoken Bitcoin bull again then, even topping Fundstrat’s Tom Lee. Whereas McAfee did shill altcoins — purportedly for a five-figure price paid to his firm — he was ostensibly essentially the most bullish on Bitcoin.
Living proof: McAfee claimed he would eat his manhood on reside tv if Bitcoin didn’t hit $500,000 by the top of 2020. He later revised that prediction to $1,000,000 — he was that assured. And simply months in the past, he even tossed round a figure of $2,000,000, citing that he could be sorely “dissatisfied” in “math” in any other case.
However identical to that, he’s reversed from his place, calling the prediction a “ruse” to onboard new customers into the cryptocurrency house. To be honest, it seemingly labored; the media couldn’t cease masking this outlandish crypto prediction.
McAfee has gone thus far to alter his tune that he’s now bashing Bitcoin’s prospects whereas launching his personal cryptocurrency.
Meet “Ghost”
McAfee’s newest enterprise known as “GHOST” token, a “proof of stake privateness coin that can assist you nothing however a ‘ghost’ when transacting on-line!”
In response to the web site — which I have to admit I used to be hesitant to click on on — the cryptocurrency will abide by conventional trade requirements in that it’s going to purportedly be decentralized, supply quick transactions at low charges, and may have a deal with pseudonymous transactions and privateness.
My newest:
GHOST
It is a proof of stake privateness coin to make you a “ghost” when transacting on-line!
Atomic swaps on McAfeeDex will allow you to commerce in opposition to BTC/BCH/ETH & extra!
With a DEX/privateness coin combo we now have full management of our funds!
— John McAfee (@officialmcafee) April 11, 2020
The small print, sadly, have been scarce as there may be not but a whitepaper, however the web site made claims that will probably be utilizing a “cutting-edge escrow pool to protect and erase the historical past of transactions,” including {that a} system of zero-knowledge proofs is used to confirm transactions. This appears considerably just like the ZK system that ZCash makes use of.
Whereas it isn’t clear if there are any formal IPO plans, McAfee did add that there shall be atomic swaps on his decentralized change startup that may “allow you to commerce [it] in opposition to Bitcoin, Bitcoin Money, Ethereum, and extra.”
Mannequin T of Cryptocurrencies: Bitcoin
As aforementioned, his resolution to launch his personal cryptocurrency undertaking comes after he modified his tune on Bitcoin.
After telling Forbes that he’s astronomically bullish on the cryptocurrency as it’s completely scarce, he mentioned in a shock tweet that Bitcoin is the “Mannequin T” of the cryptocurrency trade, saying that “newer blockchains have privateness, sensible contracts, distributed apps, and extra.” McAfee added not too long ago that the cryptocurrency is “nugatory,” a full 180-degree reversal from a prediction of thousands and thousands.
As to what’s going to change the flagship cryptocurrency, the enigmatic expertise entrepreneur pointed to the DAI stablecoin, Ethereum, and Monero, explaining that the latter is “extensively used amongst tens of 1000’s of us who now not use banks, bank cards or paper foreign money.”
Now, it appears that evidently GHOST (ought to it launch) is becoming a member of McAfee’s record.
Crypto Is the Future
A key level to be made with all that is McAfee nonetheless thinks cryptocurrencies would be the way forward for finance, however perhaps not in the way in which that he first portrayed in again in 2017.
As an example, he told commodities news outlet Kitco in an April 2nd interview that he thinks that is the “worst monetary havoc” ever, saying:
Each single disaster wherein meals or water or life-giving provides are in low provide, the human veneer breaks down. And that skinny layer of cultured society, human interplay, disappears.
What rises afterward, he mentioned, could possibly be a system predicated on crypto applied sciences as many develop to mistrust the previous system.
1,342
