John McAfee is leaning more towards cryptocurrency. The British-American computer programmer hinted on May 29, 2019, that he is launching his own coin, McAfee Freedom Coin (MFC) which is actually named after him. Now here’s all you need to know about the yet-to-be-released digital asset.
McAfee Tweets About MFC’s Uniqueness
Based on McAfee’s tweet which has since been deleted, MFC is quite unique from every other cryptocurrency out there. First of all, an ICO will not be held prior to its launch, there will be no airdrop, and neither will it be listed on an exchange. Oh, and it gets even better! McAfee Freedom Coin will not be mineable.
Oops. Accidently deleted:
THE MCAFEE FREEDOM COIN:https://t.co/FfROeByhKn
— John McAfee (@officialmcafee) May 29, 2019
The Bitcoin proponent took it one step further by answering user queries pertaining to the virtual asset and one of such is from a media outlet who asked what sets MFC apart from over 2,000 cryptocurrencies in the market today. According to the 73-year-old, McAfee Freedom Coin will “free crypto from the bonds if the system we are trying to replace.”
John McAfee Sheds More Light on Freedom Coin on a Website
On the other hand, a one-page publication on the MFC’s website throws more light on the proposed digital asset. From what we could gather, this is a cryptocurrency that will neither be tied to the value of a fiat nor another cryptocurrency. Think of it as a standalone virtual asset whose value will always be zero when compared to another currency “yet it’s natural market value is free, completely, to grow.”
The website has also hinted that users can expect McAfee Freedom coin in the Fall of 2019. It adds that the virtual asset is aimed at confronting the problem of exchange-head through the use of a new structural concept and unique paradigm. In McAfee’s opinion, a coin that is not tied to fiat or cryptocurrency and has zero cash-in value but is accepted universally can bring about economic freedom.
Crypto Enthusiasts’ Remarks About Freedom Coin on Twitter
Having garnered a lot of user attention through his support for Bitcoin and bullish predictions about the virtual asset, it would come as a surprise if a coin from the crypto maverick goes unnoticed. That is why a crypto Twitter’s interest has been kindled towards this new virtual asset.
A user, for instance, was quick to note that even though MFC may get its initial value from being traded between hundreds or thousands of people, in the end, John McAfee will have no control over how the coin is exchanged for fiat and as such, it could lead to a derivative worth and even fluctuation in price.
As a response, the computer programmer said:
“Private sales are unrestricted. It is organized exchanges that will not be able to play. A private sale does not make a market. Buy gold, diamonds, bonds, stocks – even dollars – we don’t care. But an exchange market for anything whatsoever cannot be done.”
McAfee’s Predicts Bitcoin’S Price of $1 Million by 2020’s End
John McAfee has quite a reputation in the crypto space and for a lot of reasons. The first is his bullish sentiment about Bitcoin where he stated on April 15, 2019, that it would be mathematically impossible for the digital asset to hit $1 million by the end of 2020. The prediction is similar to comments he made on November 29, 2017, that Bitcoin will trade at $1 million by 2020’s end.
On January 22, 2019, he revealed that he is running from the IRS and would be carrying out his presidential campaign while on exile. Days later, his campaign slogan emerged as “Don’t vote for me,” which can be said to be another step in the direction to remain unique.