McAfee Continues Fight Against HitBTC And Other Crypto Exchanges

in mgsc •  7 years ago 

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To give some background, McAfee and many other prominent members of the
crypto community are losing faith in centralized exchanges, for a number
of reasons.

Many exchanges have been accused of colsing accounts and blocking funds,
and generally being run for the interests of a small number of poweful
people,which is against the entire crypto ethos.Decentralized,distributed
exchanges are being suggested as the way forward,and a boycott of existing
exchanges is being encouraged

The way that many centralized exchanges process transactions can prevent
many people from getting into crypto in the first place,due to their
excessively high minimum buy-in.McAfee took aim at HitBTC in particular
for this problem,as he believes it is responsible for inceasing suffering
"for millions of poor people".

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After an extended wait for a response, an official message sent to
McAfee,which HitBTC shared in the tweet. it thanked McAfee for being
the voice of the crypto community, and suggested that he offers
them a way to solve what they see as technical issues, shared by many
other exchanges.

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He tweeted back angrily, implying that the way HitBTC operated was
holding back the cause of Docademic. This is a blockchain-based
solution for heaithcare backed by McAfee, which he belives is an
improvement over anything proposed by US governments and will save
many lives.

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McAfee isn't planning to put this issue to bed anytime soon

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