John McAfee to release crypto-backed fiat “McAfee Coin”?

John McAfee announced earlier today on his Twitter account that he would be launching a currency known as “McAfee Coin”. The currency in question is said to be a fiat currency backed by cryptocurrencies.


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The tweet in question was a response to SmartPayMINT, which is an online shop to buy Ledger wallets and other crypto-related products.

John McAfee was in the news last week after his Declaration of Currency Independence was seen as a landmark act in the history of cryptocurrency. It is only natural that he would seek to disrupt traditional fiat norms, by releasing a currency backed by crypto.

The currency in question is a collectible fiat currency whose value is backed up by its value in cryptocurrencies. It is indeed the “reverse of what banks are attempting.”

In an earlier interview with AMBCrypto, McAfee stated that certain unaccountable individuals and organizations were corrupted to the point to where he saw them as gangrene. He believed that the revolution spearheaded by the appearance of cryptos was forthcoming.


His fans on Twitter reacted to the announcement, with user Income Sharks saying:
“A nice mix between Crypto and Fiat. Will be interesting how you distribute the coin if true.”

McAfee replied to this, saying:
“You will love it.”

User J.F. Carpio was bullish on the currency, saying:
“this is how the gold standard will return, also. I’m calling it.”

User Tanke said:
“Come to Spain, you can enjoy. I need to change your fiat currencies backed by cryptos!! Which crypto? New crypto? Btc? Eres un crack!!!”



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Author: Anirudh VK
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John McAfee predicting huge surge in cryptocurrency prices!

 

In spite of falling cryptocurrency prices, John McAfee, for one, is convinced there’s a boost in the near future…


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After another day where cryptocurrency prices took a hammering (with Bitcoin falling below $8000), John McAfee has sided with the people predicting another rally is just around the corner.

As per Tweets from his Twitter account on Monday, McAfee – who made his money originally, of course, through security software – argued that changes are afoot in the cryptocurrency sector. Ones that’ll have a positive impact on prices.

John McAfee

@officialmcafee

“”Institutional investors are preparing to enter the cryptocurrency market with a vengeance. They are generally long term investors and will be pumping billions into the market. Expect the top ten coins to go through the roof fairly quickly. The bulk of alt coins will soon follow.””


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Maxpositives
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Women on the Block! (Satoshi is female)

“Satoshi is female!”

That’s how New York Congresswoman Carolyn Maloney rallied the crowd on May 13 at the “Women on the Block” event in Brooklyn, New York, where more than 300 people came together to talk about cryptocurrency and blockchain technology. The event comes at time of tension within the crypto community, as blockchain stars like Lightning Labs CEO Elizabeth Stark are urging interviewers to stop asking what it’s like to be a woman in crypto.
“Stop marginalizing and write about the awesome work that women are doing,” Stark tweeted in February.


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But to the ladies at the event, it’s less about creating a divide and more about a welcome reprieve from the perennial challenge of being treated like a crypto unicorn, when they just want to discuss use cases and applications.

True to that, many of the day’s discussions focused on the business opportunities within the space, from using the technology to shine a light on the opaque real estate industry to utilizing blockchain for supply chain management within the food sector.
Nonetheless, the fact is that women are still underrepresented in positions of privilege and power across the board – and the blockchain industry is no exception.

Based on findings from an international Quartz survey of 378 venture-backed crypto and blockchain companies founded between January 2012 and January 2018, roughly 8.5 percent had a woman on the founding team, compared to 17.7 percent in the broader tech industry.
And according to many women at the event, this lack of gender parity could hold the nascent industry back significantly.
“Women have a better understanding and different priorities with this technology,” European Parliament member Eva Kaili from Greece told the crowd, adding:
“We believe, with these tools, you can have a strong influence on the future.”

Sure enough, women at the event, including German entrepreneur Masha McConaghy, co-founder of both BigchainDB and the Ocean Protocol, told CoinDesk that women could benefit from blockchain technology, perhaps, even more than men.

That’s because women still deal with issues surrounding financial access and empowerment – women make up the majority of the world’s poor, according to the World Bank – and a pseudonymous and censorship-resistant system could provide a solution.

For instance, in Saudi Arabia, women are still legally barred from receiving a business loan or license until two men testify of her behalf. And according to the National Coalition Against Domestic Violence, at least 94 percent of women who experienced domestic abuse were also victims of economic abuse, where the abuser controlled her access to income or financial services.

McConaghy told CoinDesk, “We still don’t have it [freedom] yet, but we are moving towards it.”
Echoing that, Nigerian engineer Ese Mentie, who works with ConsenSys on the blockchain identity project uPort, told CoinDesk:
“There are still women whose husbands and fathers are controlling and they can’t access their own money.”
For her, inclusive corporate practices are the key to building effective blockchain solutions that take these different problems women deal with into account.
“If there is diversity, those conversations will happen,” she said.
And that could happen sooner than some expect. Kaili celebrated the fact that women are rising into leadership roles very quickly within the space, not just in terms of entrepreneurship, but also as it relates to legal research, diplomacy and open-source projects.
That makes sense, she continued, considering the cryptocurrency boom is popularizing conversations women have been having for years about financial access and control.

For many women at the event – who on Mother’s Day brought mothers, daughters and sisters – the key to getting more women in the space is education.

Education programs and data-sharing initiatives, like Women Who Code, were hot topics. And it was even proposed that the Women on the Block events should go on the road.
Speaking to this on a panel about investing in blockchain technology, Liz Rabban, vice president of business development at Celsius Network, a decentralized lending platform, said:
“The concept of decentralization and empowerment can only exist if we have education.”
And these statements about education generally garnered more applause than even Maloney’s opening statement about Satoshi [Nakamoto], the pseudonymous creator of bitcoin, the cryptocurrency that originally spurred all this excitement.

Still, Kaili was quick to note that the blockchain industry will only “duplicate the problems we already have” if leaders don’t prioritize gender parity.

But in knowing the struggles that women in the industry, and even more broadly, face, the tone of the day wasn’t discouraged. As a matter of fact, many of the women joked about the current perks of being a minority in the space – including the fact that there’s hardly ever a line for the women’s restroom.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Leigh Cuen
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John McAfee Charges USD 105,000 for Promotional ICO Tweet

Self proclaimed “crypto visionary” and software tycoon John McAfee revealed recently that he charges USD 105,000 for each tweet he sends out promoting Initial Coin Offerings (ICOs). Last week, he tweeted that his team had published a guide to his promotional tweets and posted it to McAfee Crypto Team, an organization McAfee and his team put together to promote ICOs.

Apparently, “nothing can match the power of the McAfee effect,” according to their website.
This bold statement is not out of character for McAfee and he knows it. He writes, “It’s self-aggrandizing and ego-stroking for us. However, if you’re planning an ICO, trying to boost a coin, or want to shine a light on your latest project, you should overlook our swollen egos and see.”

It would seem that although each tweet costs USD 105,000, the cost per ‘investor’ is USD 0.13 when divided between his 810,000 followers. They also used a poll made by McAfee on Twitter, claiming that 259,000 of McAfee’s Twitter followers “have more than 50% of their total assets in cryptocurrencies,” and that 224,000 of his followers represent, “at a minimum, USD 4.48 billion in crypto investment.” The site claims that the numbers are arrived at through “statistically valid percentages.”

It would seem that his faith in the power of his tweets is not misplaced either. Recently, over the course of three weeks, Motherboard tracked McAfee’s tweets about altcoins, and found that their market value did shoot up. Burstcoin’s value, for example, jumped 350%.

Source: http://www.cryptonews.com

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!