Category Archives: John McAfee

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John McAfee Says Presidential Run Solely for Promoting Crypto

Computer programmer and businessman John McAfee has said he has no expectations or desire to win the US presidential election of which he is a candidate. Instead, he is running solely to promote permissionless cryptocurrency.

In an interview with Cointelegraph, McAfee said he would be campaigning on a libertarian platform, as he did in the 2016 election. This time around, however, he says the singular purpose of his participation is to promote the concept of cryptocurrencies and their adoption. The pro-cryptocurrency stance that he has adopted comes from a place of encouraging ”personal freedom” through its adoption.

He reportedly seemed assured that there were no hopes for him winning the election, although this did not discourage him from running in the slightest. On the contrary, in fact.

He told a Cointelegraph reporter: ”I don’t want to be president. I couldn’t be… no one’s going to elect me president, please God. However, I’ve got the right to run.”

Plans to increase the size and significance of his platform is apparently all being done in the name of promoting cryptocurrency rather than his personal brand.

”Fiat’s got 5 years”

McAfee stands by his prediction that Bitcoin will hit USD 1 million by the election year 2020, adding that ”in five years’ time, fiat will be on its last legs”.

Foreseeing an exodus from fiat currencies into the digital market, he elaborated on this price prediction, saying that in two years, USD 1 million will not be worth what it is today.

”I will tell the truth”

As reported by Bitcoin News last month, the founder of McAfee Anti Virus shared a similar sentiment as he did earlier this week, saying: ”In truth: the crowd doesn’t want the truth. It is why politicians lie. They cannot win by telling the truth. I don’t want to win POTUS. I just want the stage.”

It is because he has neither an expectation or a desire to win the race that he says he can be the one to speak the truth.

Making a strong claim, McAfee went so far as to describe people as ”slaves to the entire system”, referring to both governments and financial institutions. ”If you want to send Bitcoin, Ethereum or Monero, who do I have to ask? Only the peer… We are creating a permissionless society,” he said.

 

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Johnny Depp Out, Michael Keaton to Play John McAfee in Film Project

Film veteran Michael Keaton will feature in a film about the life of controversial crypto advocate John McAfee, the man who made millions creating antivirus software, replacing the original actor identified, Johnny Depp. It now appears all was not quite so calm leading up to the final cast selection.

The latest confirmation is that Michael Keaton will star as the outspoken entrepreneur, but it isn’t the first yarn about McAfee’s trials and tribulations to appear on screen, following Gringo: The Dangerous Life of John McAfee released in 2016. The documentary directed by Nanette Burstein was labeled by MacAfee as complete fiction.

The latest film has McAfee’s hands all over it, so much so that he was unhappy with the selection of Johnny Depp as the main lead. Reportedly, he wanted Morgan Freeman for the part, although is happy with the inclusion of Keaton playing him.

When asked about Depp being fired from the project, McAfee responded: “The pussy couldn’t handle my drugs. Keaton will have no problem.” It appears that Depp was on the project for the best part of a year before being found a suitable replacement in Keaton, recent star of the smash hit Birdman. The synopsis of the film, in brief, covers a Wired magazine reporter, played by Seth Rogan, who is sent to cover a routine story but upon encountering McAfee, realizes it’s not that at all.

There has been no comment from Depp on his leaving the project but he is not short of work clearly, and it appears he’s after cryptocurrency-related roles. Depp, of Edward Scissorhands and Pirates of the Caribbean fame, had been linked early with this year with a new film said to be a biopic of the late cryptocurrency billionaire Matthew Mellon. Although it wasn’t confirmed, sources revealed that Depp was understood to be interested in the role and that “there is a screenplay being shopped”.

Depp has also signed with cryptocurrency-based media platform TaTaTu for an undisclosed number of movies. The new company has been attempting to acquire major stars since its ICO and is currently working on a Lamborghini biopic to star Antonio Banderas and Alec Baldwin, as well as another movie and two documentaries. The displaced actor was clearly happy to be associated with the crypto-based company and his own deal with them commenting:

“In this era of democratized entertainment, I admire the imaginative ethos of Andrea and look forward to collaborating together in a liberating, progressive manner that will befit the principals of our respective entities.”

 

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McAfee Claims: If in 2020 Presidential Race, “I Will Tell the Truth”

British-American computer programmer and businessman John McAfee has begun making pledges in his run up to the 2020 US presidential elections.

The founder of McAfee Anti Virus software and vocal cryptocurrency advocate stated recently that he would seek a nomination to run in the next US presidential election. In doing so, has expressed a clear aim to advance the stature of cryptocurrency and blockchain on the world’s financial stage. McAfee recently suggested that blockchain and crypto have given new freedoms to the working community who he sees as ‘hired slaves,’ arguing:

“If you want to send Bitcoin, Ethereum or Monero, who do I have to ask? Only the peer… We are creating a permissionless society…We are not slaves for our jobs, we are not slaves to the government, we are slaves to the entire system.”

In his latest pledge as a potential POTUS runner, which would be his second attempt to get his name on the ballot, he has vowed to “tell the truth,” despite also explaining that he has no chance or indeed no intention of actually winning anything. He commented in his latest tweet:

“In truth: the crowd doesn’t want the truth. It is why politicians lie. They cannot win by telling the truth. I don’t want to win POTUS. I just want the stage.”

Running on “Truth” would be a campaign which would certainly get some support in the present political climate in the US. Although, it would be highly unlikely that McAfee, seen by some as a maverick would progress. The comparisons to the potential of Donald Trump to become US President, turning back the clock, are there to be made, however. When questioned back in June about his chances in 2020, McAfee said:

“Don’t think that I have a chance of winning. I do not. But what truly changes America is not the president, but the process of creating one. If my following is sufficient I get to stand the world’s largest stage and talk to everyone, as I did last time, to tell the truth.”

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John McAfee: Crypto Frees Employees from “Subtle and Refined Slavery”

The founder of software company McAfee Associates has suggested that blockchain and crypto have given new freedoms to the working community whom he sees as “hired slaves”.

Giving an interview at the recent CoinsBank Blockchain Cruise event, John McAfee claims that blockchain is creating a “permissionless” society, freeing employees from a system of a “subtle and refined slavery”.

McAfee asserts that the current status quo is one which restricts the individual from fulfilling the requirements of enforced regulations at every step, arguing that a largely decentralized society would enable employees to fulfill their potential. He argues, “We live in a system of permission. Every legislation, every law, every regulatory agency, every regulatory body, is designed to control our thoughts or actions or movements.”

He gave the example of cryptocurrency as an illustration of how a new found financial freedom can be utilized by removing middlemen who profit from the established systems put in place by large institutions:

“If you want to send Bitcoin, Ethereum or Monero, who do I have to ask? Only the peer… We are creating a permissionless society… We are not slaves for our jobs, we are not slaves to the government, we are slaves to the entire system.”

McAfee’s views are shared by many and have become the driving force behind cryptocurrency adoption on both an individual, and more gradually, at a governmental level, as more nations begin to review outmoded and restrictive methods of conducting financial services. The adoption of blockchain technology is far-reaching and is beginning to make an impact in all sectors across the globe. A new World Economic Forum (WEF) report indicates that blockchain has the influence to transform the global trade industry:

“Paper-based, manual processes, some created centuries ago, lead to complexity and delays, introduce errors and risks, and stand in the way of reliable, real-time information gathering and tracking required for credible financing decisions.”

Michele Orzan, digital leader of WEF Europe, maintains that it is government services which could benefit the most from blockchain, followed by public and civic leadership. This would have a major impact on solving social issues globally, as can already be seen by numerous projects on the African continent where lives are being changed for the better, through social projects backed by blockchain.

 

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Hacker Claims Access to Supposedly Unhackable BitFi Wallet

BitFi has branded itself as an unhackable cryptocurrency wallet, in the same way the Titanic branded itself as an unsinkable ship. Fate seems to have been tempted successfully as it now appears that BitFi has been hacked, at least partially.

BitFi partnered with cryptocurrency superstar John McAfee to offer a USD 100,000 bounty to anyone that could hack the BitFi wallet. After some back and forth on the internet, since there is a widespread belief that anything is hackable, BitFi upped the ante to USD 250,000. It has fairly specific rules outlined on its website detailing how the hacker has to purchase a locked BitFi wallet and drain the funds to win the challenge.

Challenging all the hackers on the internet might not have been the best strategy, especially when offering them such a large sum of money. It appears a hacker has claimed to have partially hacked the BitFi wallet to gain root access.

Short update without going into too much detail about BitFi:

We have root access, a patched firmware and can confirm the BitFi wallet still connect happily to the dashboard.

There are NO checks in place to prevent that like claimed by BitFi.

— OverSoft (@OverSoftNL) August 1, 2018

This can be considered a serious security breach, but BitFi has refused to pay out the USD 250,000 because its rules clearly state that the hacker must drain the funds to win the challenge. If the hacker claims were true, root access should give full access to everything in the wallet system. However, it is unclear if the private key is stored on these BitFi wallets being offered to hackers for the challenge. If not, then this challenge is impossible, since cryptocurrency private keys are inherently unhackable even with the most powerful supercomputer.

McAfee, who is a BitFi advocate and funding the challenge, has downplayed the hacking of the BitFi wallet. He asserts that gaining root access is meaningless, despite the fact that when hacking, gaining root access usually means game over.

Hackers saying they have gained root access to the BitFi wallet. Well whoop-de-do! So what? Root acces to a device with no write or modify capability. That’s as useless as a dentist license un a nuclear power plant. Can you get the money on the wallet? No. That’s what matters.

— John McAfee (@officialmcafee) August 2, 2018

The hacker asserts that gaining root access means BitFi is not secure, and that this hacker challenge is a sham.

 

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Another Blockchain Party, This Time at Sea with 2,500 Cryptolites

A third floating blockchain conference is planned for September of this year with an entire ship reserved for a potential 2,500 cryptocurrency enthusiasts sailing the Mediterranean Sea.

The cruise is organized by cryptocurrency exchange CoinsBank taking in Barcelona, Monte Carlo and Ibiza as 100 speakers deliver presentations on current developments in the industry.

Those at sea will include a mixed bag of pioneers and experts from the industry including John McAfee, founder of McAfee security and Bobby Lee, the founder of BTCC and a crypto expert. Others on board will include venture capitalist and philanthropist Brock Pierce and CEO of Bitcoin.com, Roger Ver. Apart from speeches, the main speakers plan to also run workshops and one-on-one consultations.

Lectures and workshops covered will cover managing crypto investments, understanding regulations and all things blockchain. Other aspects within this main framework will be cybersecurity, trading and scalability issues.

Blockchain and crypto-conferences are becoming fashionable in the new digital world, dressed for fun but with business lurking in the background ready to pounce. It’s not surprising then that CoinsBank has dressed up three conferences to date as parties, given recent history.

In this year’s Dubai Futurama summit, the conference to surpass all others in terms of razzmatazz, the actual blockchain discussions were basically molded around networking events and basically, having fun. However, these events don’t come cheap, with admission prices running into the thousands of dollars; many happy to pay these after striking up a rewarding business relationship or tapping into yet another good idea. A cruise would be no cheaper.

As has been said elsewhere, possibly at Brock Pierce’s highly-publicized recent desert conference, information is great but having a good time in the process of acquiring it makes it even better. Of course, what he actually said was “…the most likely way to get me to attend your conference is to throw really good parties”.

 

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McAfee Furious over SEC Decision to Classify ICOs as Securities, Demands Debate with SEC Chairman

Infamous cryptocurrency advocate John McAfee, who is running for President of the United States with a campaign platform that focuses on cryptocurrency, is furious over the Security and Exchange Commission’s (SEC) decision to classify most initial coin offerings (ICOs) as securities. He is demanding a debate with SEC chairman Jay Clayton that would he hopes to be broadcast on CNN.

McAfee makes a significant portion of his money from advertising ICOs on his Twitter feed where he has 827,000 followers. Apparently, he makes USD 105,000 per promotional ICO Tweet, which he admits is “embarrassingly” huge. This is all down to a supposed “McAfee Effect” where cryptocurrency prices jump after they are promoted in his Tweets.

It is, therefore, no surprise that McAfee is upset about the recent declaration from the SEC that ICOs will be treated as securities if there is an organization making money from conducting the ICO, and if people who invest in the ICO expect a return on their investment. If ICOs are considered securities then John McAfee could end up facing severe legal consequences for promoting ICOs that aren’t properly licensed by the SEC.

He says that he will no longer work for future ICOs under the current conditions, but promises to fight the SEC’s decision. He believes that ICOs don’t meet the criteria for the Howey Test which was created by the Supreme Court to define what a security is.

McAfee says that if the SEC tries to prosecute any ICO activity prior to the date of their announcement, then he will become “the greatest thorn in the side of the SEC since the founding of our Constitution”.

McAfee has challenged the SEC to a debate on CNN, having previously lambasted the FBI and NSA on CNN and RT, respectively. In typically provocative fashion, he welcomes the opportunity to “rip the SEC a new butthole”.

He will have certainly raised eyebrows by posting the phone number and email of SEC Chairman Jay Clayton on his Twitter feed, urging his followers to pressure Clayton to give in to McAfee’s demands.

 

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McAfee Says Bitcoin Will Hit $15K By July 2018, $1M by 2020

John McAfee says Bitcoin will hit USD 15,000 by the end of July 2018 at the latest. This revises his earlier prediction that the mark would be reached in June. He says that the recent price crash, which has brought Bitcoin down to USD 6,400 as of this writing, is due to an overreaction about news that Bitcoin exchanges are being investigated for price manipulation. He says this will delay the bull rally by no more than 30 days.

In his most notorious prediction, McAfee said Bitcoin would hit USD 500,000 by the end of 2020. He made this prediction when Bitcoin was near USD 2,250 on 17 July 2017, and after this Bitcoin experienced its biggest rally in history, reaching nearly USD 20,000 in December 2017.

The prediction that Bitcoin would rally followed by an order of magnitude price increase brought McAfee much fame in the crypto world, especially since he made a specific prediction that Bitcoin would hit USD 5,000 by the end of 2017 and that prediction came to fruition with plenty of time to spare.  He has used this fame to earn lucratively from advertising initial coin offerings on his Twitter feed.

He famously he upped the stakes and revised his long-term prediction for USD 1 million by the end of 2020, reiterating his promise to consume a sensitive body part on national television if incorrect.

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD

— John McAfee (@officialmcafee) November 29, 2017

When looking at a long-term logarithmic graph of Bitcoin’s price on bircoin.top, it can be seen that McAfee’s prediction isn’t so far-fetched. Bitcoin’s price has been increasing by an order of magnitude roughly every one to two years, having increased four orders of magnitude between 2011 and 2018 from around a dollar to USD 10,000.

In addition to being a self-declared “Bitcoin prophet”, John McAfee is also running for President of the United States in order to provide the ultimate PR platform for the cryptocurrency community.

 

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McAfee’s Bid For POTUS Race Stirs Crypto Community

Hundreds of cryptocurrency enthusiasts have reacted to John McAfee’s Sunday night Twitter announcement of his intention to run for the US presidential elections in 2020. The Tweet has currently generated almost 800 comments, generally positive, and over 5,800 likes.

In spite of past refusals, I have decided to again run for POTUS in 2020. If asked again by the Libertarian party, I will run with them. If not, I will create my own party. I believe this will best serve the crypto community by providing the ultimate campaign platform for us.

— John McAfee (@officialmcafee) June 3, 2018

In 2016, he was nominated for the Whitehouse race by the Libertarian party. He lost to Garry Johnson; the New Mexico governor.

In his Sunday message on Twitter, McAfee openly expressed his love for the cryptocurrencies, saying he aims at serving the crypto community if he is elected as the president of the United States.

While some criticized the decision, many applauded him for his decision. A quick scan of the twitter comments indicated that many within Twitter would back him for the upcoming election.

The self-styled ‘Crypto Dad’ has a recognized influence within the crypto community, with past analysis showing that a single tweet from John McAfee has managed to move markets. Thus, the hypothesis that crypto fans will vote for him because of his apparent interest for cryptocurrency over fiat money seemingly holds true.

Although it would appear unlikely for McAfee to ever be American president, he might improve his chances if he uses his crypto-campaign strategy well. His 2016 campaign strategy was quite argumentative, using the premise of “a paradigm shift” with a manifesto based on free trade and acceptance of the use of cannabis.

Now, he has identified cryptocurrency and its growing community as a unique ticket to the upcoming election. His campaign focus for the 2020 presidential race will be mostly about cryptocurrencies, which have a growing community. McAfee seems to have his facts right, and if Americans begin to favor Bitcoin, a people network strategy could work in his favor.

 

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John McAfee Launching Crypto-Backed Fiat Currency “McAfee Coin”

Tech-tycoon John McAfee is spinning heads after announcing the launch of his own crypto-backed fiat currency aptly called McAfee Coin, which is due for release in 26 days.

The cryptocurrency world often hangs tenaciously on any bullish or controversial statements made by the so-called ‘Crypto Dad’. His endless displays of eccentricity and unconventional attitudes in both personal and business practice has caused him to receive a devout following. Some would even go as far as to call him “an anti-hero of sorts to the worlds cybersecurity, economic, political landscapes”.

No Hoax

This latest serving from McAfee takes all those presumptions that much further, a crypto-backed fiat currency seems almost implausible if not impossible, but according to a Tweet, this is no hoax.

To go along with prior tweet: pic.twitter.com/7s7mpGFvnD

— John McAfee (@officialmcafee) May 29, 2018

In an exclusive with Crypto-News India, McAfee went on to explain his crypto-backed fiat currency, some of its features and inner workings.

Firstly, the McAfee Promissory Note will be the first note that is connected to the blockchain by a token or number of tokens; he also claims it to be the first “fiat currency collectors item that is 100% guaranteed as forgery proof”.

The notes can be redeemed for real-world services, and the notes themselves come in seven denominations, with some of the most prominent figures in the crypto industry featured on them.

An interesting feature of the notes is that they are redeemable for a face-to-face meeting with Crypto Dad himself; a 10 denomination note will grant you ten minutes with McAfee, a 20 for twenty minutes and so on. The instructions for meeting are as follows:

  • Show up between one and three, only.
  • Turn in your note and you receive a date, time, and address where you will meet Mr McAfee.
  • The meeting place may be in any part of the world. The note will be archived.
  • Only one set of notes may ever be redeemed by one individual. Maximum time allotted will be 100 minutes per person.

McAfee notes are to be tied to McAfee Redemption Units (MRUs), a digital currency; McAfee explains that each McAfee promissory note is denomination and serial number unique, and each note is tied to one or more cryptocurrency coins called “McAfee Redemption Units.”

These coins are “activated” once the owner of a note converts their McAfee fiat through “mail or other means”, to the MRU Foundation, which is responsible for the physical notes.

The full details of the latest McAfee project can be read here; it is also worth noting that McAfee has released a Declaration of Currency Independence, a profound statement that calls for the accelerated mass-adoption of cryptocurrencies. The website reads:

“We are not declaring Independence from State Controlled Currency — We are declaring Controlled Currencies through fiat have been rendered Obsolete.”

It is almost impossible to predict what McAfee will do next or whether or not his latest ambitious venture will hold ground after its launch. Either way, watch this space.

 

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