In his relentless crusade to get the altcoin markets roaring, John McAfee is once again backing privacy coins on Twitter. McAfee’s bullish argument centers around his hatred for Facebook’s Libra coin, which he believes is the antithesis of his love of privacy and personal freedom.
Mark Zuckerberg’s Facebook is widely criticized for abusing the private information of its users. Thus, it is a natural enemy for a libertarian like McAfee. Facebook diving into the freedom-obsessed world of cryptocurrency is sacrilegious for the bitcoin bull now holed up in Cuba.
Looking at the text of the tweet, this is a remarkably convincing response to Libra’s purpose. Cryptocurrency was forged mainly in the fires of governmental distrust. By not decentralizing its coin, Facebook is arguably corrupting its fundamental purpose.
Privacy coins might be McAfee’s favorite, but they face precisely the hurdles that Libra has been engineered to avoid. The government is unlikely to ever fully sign off on a medium of exchange that is entirely untraceable. Facebook has got both eyes firmly on ensuring minimal regulatory issues down the road. It’s an artificial fruit designed to look and taste like the real thing with all the nutritious aspects removed.
McAfee’s attack on Libra is nothing new. Plenty of eyebrows have been raised about its centralized nature; even talking heads like Joe Kernen on CNBC have doubted whether it deserves the title of “cryptocurrency.” Technically speaking, it probably doesn’t.
We can’t have a McAfee article and not cite his latest Satoshi Nakamoto reference. It seems that Jean Claude Van Damme – and not Chuck Norris – could be outed as Bitcoin’s founder.
Obviously, this tweet is a thinly veiled assault at Craig Wright. John knows the cryptocurrency community is deeply skeptical of his claims to be Satoshi and leverages that mistrust for all its worth.
With his 2020 campaign about to get into full swing while he is in “exile,” John McAfee is making some calculated political moves. Attacking Craig Wright and Facebook’s Libra are two of the most surefire wins on crypto Twitter, and JMac is doubling down on both.
Last modified: March 4, 2021 2:37 PM