The controversial John McAfee has turned out to be a big fan of privacy coins. In the last few months, the British American computer programmer has been advocating for privacy coins. In a surprising twist, he has replaced his love for Bitcoin with privacy coins.
Prior to this year, McAfee was an evangelist of Bitcoin. In 2019, he believed that the digital asset would reach $1M. In fact, he made a bet on himself in which if Bitcoin did not reach $1M by the end of 2019, he would eat his own penis. Given his price prediction was not based on any fundamental reason. Obviously, Bitcoin did not reach that price tag. Did he eat his manhood?
Eat my dick in 12 months? A ruse to onboard new users. It worked. Bitcoin was first. It’s ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?
He admitted this year that the bet was a tactic to get people buying Bitcoin. And guess what? It worked.
McAfee: BItcoin Worthless
Since Bitcoin filed to rally last year, making one of its worst ends of the year, McAfee has turned to be its biggest critic. Just recently, he has termed Bitcoin as “worthless”. He was attempting to respond to a comment that people only followed him because he advocated for Bitcoin.
I have no clue
Bitcoin is worthless.
— John McAfee (@officialmcafee) April 4, 2020
More recently, John McAfee has been advocating for privacy coins. This, with the idea of financial privacy being a fundamental right but one that the law would have you believe is illegal.
Back in Feb, he stated that he was confident that privacy coins were the future. He based his argument on criminals using it which would lead the law to follow and massive adoption achieved.
People have been trained like obedient sheep to believe privacy is something only criminals and weirdos desire. Really, privacy is enjoyed by anyone thats ever had blinds on their windows at home. Any actual crime has more than a money trail anyway, it has victims and evidence.
— firstname.lastname@example.org (@Three3ZERO1) February 22, 2020
Now in a tweet, he has warned that the government will come after privacy coins. he also says that they will also target decentralized exchanges.
Privacy coins and distributed exchanges will soon be outlawed.
But these laws will have no more teeth than the ineffective laws against Marijuana.
Do not abdicate your rights!
You have, absolutely, the right to financial privacy.
Ignore unconstitutional laws.
— John McAfee (@officialmcafee) April 7, 2020
This prediction is accurate with KYC regulations being pushed to ensure that customers are easily identified. With privacy coins and decentralized coins, this is nearly impossible. This could ultimately lead to outlawing.