Published On: Thu, Dec 31st, 2015

John McAfee Doesn’t Think Bitcoin Is The Digital Currency Of The Future

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Presidential candidate John McAfee, who has had a controversial past, made comments regarding Bitcoin, and some of its possible shortcomings, in a recent interview with an irreverent libertarian podcast called Revolution Report Live.
Also read: Solving The Bitcoin Block Size Debate With A Two-Pronged Proposal
In the interview, McAfee posited Bitcoin as a corollary with other emerging technologies of the past. Many of the first companies which are borne into a new genre of invention are not necessarily the survivors (although it is important to note that there are exceptions, such as, at least for now, Skype).
McAfee asked that people interested in Bitcoin remain skeptical of the new technology. Digital currency is the new intention, he states, and there could be much turnover in dominant altcoins.
“Here’s the problem with Bitcoin; it’s just like any emerging technology. The technology here isn’t Bitcoin, it’s digital currency. And with any emerging technology, the first few attempts are gonna have some problems.
He cites lost bitcoins as a problem, suggesting that bitcoin is too complicated for people to figure out and use responsibly. This makes sense considering the main insurance-backed …

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  1. RMB Investor RMB Investor says:

    RT @ABITCOINnews: John McAfee Doesn’t Think Bitcoin Is The Digital Currency Of The Future – https://t.co/iHYKqUWBJi https://t.co/00XuIE5YH4

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