John McAfee: ‘There Are Tremendous Technology Problems With Bitcoin’

John McAfee: ‘There Are Tremendous Technology Problems With Bitcoin’

The former anti-virus software tycoon John McAfee is running for the U.S. presidential seat under the Libertarian party. McAfee announced his running in September of 2015 and had decided to accept Bitcoin as payment for his team’s funding. This past December on a show called the Revolution Report Live the candidate said the digital currency was “too complex” for the average user. Now in a recent video from the Entrepreneur Network McAfee says a universal digital currency will happen, but it still may not be the current forerunner Bitcoin. The Libertarian candidate John McAfee often catches....


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

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. 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: Bitcoin is "too Complex for the Average Individual"

John McAfee, the founder of McAfee anti-virus program and this year’s presidential candidate running with the Libertarian Party has criticized Bitcoin for being “too complex for the Average Individual.” and advised people to be cautious when using bitcoin. “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. Now, you cannot deny that hundreds of millions of dollars have....

Anti-Virus Tycoon John McAfee Accepts Bitcoin for Presidential Run

Anti-virus software pioneer John McAfee is now accepting bitcoin in his 2016 presidential campaign. The self-proclaimed "eccentric millionaire", who founded McAfee in 1987, shared the link to a BitPay donation page with his 29,000 Twitter followers yesterday. McAfee, with his colourful history and upcoming court date for a DUI charge, has surprised many with his candidacy. He announced he would run in the election on 8th September with his new party, the 'Cyber Party' to rally against government snooping and bureaucracy. All other donations for McAfee's campaign are being processed through....

John McAfee-led Bitcoin Mining Operation Aims to Scale 5 PetaHash in 2016

MGT Capital Investments, the John McAfee-led investment firm that owns operates a bitcoin mining facility in Washington has begun “Phase Two” of its mining operations, which sees a goal to expand its processing power to more than five PetaHash this year. New York-based MGT Capital has begun what it calls as “Phase Two” of its bitcoin mining operation in central Washington, a location chosen for its proximity to low-cost hydroelectric power. As the miner turns up the dial, it expects its processing power to exceed five PetaHash by the end of 2016. In comments, CEO....