November 30, 2020

John McAfee Promotes Cryptocurrency Project From Prison Cell

American programmer, US presidential candidate, crypto enthusiast John David McAfee, arrested in Spain, at the request of the United States on charges of tax evasion, gave an interview to Cointelegraph right from his prison cell.

The eccentric millionaire shares his thoughtsabout the latest developments in the cryptocurrency industry. McAfee praised the news of the addition of support for cryptocurrencies by the largest payment processor PayPal - he thinks that such a move will accelerate the spread of cryptocurrencies around the world. Governments will have to get used to cryptocurrencies.

In 2017, McAfee predicted that Bitcoinwill reach $ 1 million within three years, although in July 2020 he backed out. When asked if his view of cryptocurrencies has changed over the past months, the crypto enthusiast replied in the affirmative, stating:

"Too many people are using crypto as a get-rich-quick rather than its original purpose of buying and selling."

McAfee couldn't resist advertising his Ghost cryptocurrency:

using cryptocurrencies to execute transactions rather than as quick get-rich schemes. That's why I developed the privacy-focused stablecoin Ghost. "

Although McAfee is no longer involved with the creation of Ghost, he is still part of a larger project:

“My work with Ghost completely revolves aroundour development of the first in a privacy-focused stablecoin, - explained the crypto enthusiast. - Version one - DAI on the Ethereum blockchain. Later we will have a new stable confidential blockchain. ”

Through his wife Janice McAfee McAfeereported that he has not yet been transported to the United States and is still in prison in Barcelona. The crypto enthusiast suggests that the accusation will also affect his activities in the cryptocurrency market, although he has not yet been presented with the full text of the accusation.

United States Securities and Exchange Commission (SEC)accused McAfee of promoting tokens that were distributed through an initial coin offering (ICO) without disclosing information about the remuneration received for these services. The SEC claims that the fugitive cryptanarchist received more than $ 23.1 million for promoting seven ICOs between 2017 and 2018, using his reputation on Twitter to advertise projects. Presumably, $ 11.5 million of the total amount was paid to him in his own project tokens. The SEC does not specify their names in the lawsuit. McAfee is currently awaiting extradition to the United States.