John McAfee has already established himself as a prominent figure in the cryptocurrency world. With his background in programming and cybersecurity, he seems to be pretty fascinated by the decentralized technology and what it has to offer to the world.
!!
"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" he said.
(
)
What made you make that promise in the first place?
JM: I was on television and it just came out. They said “Will the Bitcoin fall?” And I said: “I'm gonna eat my eat my genitals if it’s not five hundred thousand dollars. And this is back when Bitcoin was four thousand dollars. It's since gone way beyond what I thought it would go. I thought i was wrong, so my projections are way wrong, I changed it to a million dollars. You will see, it will happen.
How do you perceive the core philosophy behind cryptocurrency?
JM: Well the core philosophy is one of the greatest in the world - “let's take power away from the centralized agencies!” When power coalesces, when it compresses into a large entity, it always becomes corrupt. And power always corrupts whether you're an individual or a corporation. So it [the Blockchain technology] takes that away and distributes that power to us. So what this means is that the entire structure of civilization is going to unwind and will reassemble itself in a way that it should have been from the very beginning. We, as people, having our own freedom, our own power. Not having to ask you permission or the government's permission before I can do something. Like send somebody money or receive money, or buy something as long as I'm not harming you or my neighborhood. Then why the hell should I ask permission from anyone to do anything? So this is what's happening, we're entering a permissionless world, where when you reach adulthood, wherever that is, in whatever country and it's different, in Central America, it's the age of 12 (*note: in the countries of Central America the legal age varies from 14 to 18), in America it's 21, when you become an adult, you become your own master. You don't need to ask anybody's permission to do anything. This is the change and this is what's going to take this world and give us finally the opportunity to create Eden, to create perfection. Now we will screw it, we always do, but even in screwing it up - it would be far better than what exists today.
The cryptocurrency markets have turned into a casino and everyone is a winner, including perhaps the charismatic John McAfee. Following the dramatic bitcoin price rally to $19,891, and subsequent dump to $10,400 (GDAX), bitcoin is now in what is known as a consolidation phase where it will remain until it breaks out from that range.
how do you see the future of the crypto industry?
JM: It's going to explode. I mean we're just in the infancy right now. As I mentioned every aspect of life is getting its own coin and it should have its own coin. It needs its own coin. Because every coin has a different function or should have. So it's going to be like the Internet when it first began. Only a hundred times more profound, more deep and will have an impact that I cannot possibly ignore you foresee even five years out.
![bit nd cryp.png]
(
)
Thanks For Reading, Cheers everyone, please post your comments about this post or hit the tombup button if you like. Thank you Steemit for making me study Crytocurrency more :)
Crazy as a bed bug. Rich but still crazy as a bed bug.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit