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John Mcafee challenges Jamie Dimon on Bitcoin and Ethereum skepticism!!

Kamal “CryptoK” Glover · 2017-09-14 · 유튜브 시청 189,663 · 게시판 조회 3 · 외국인

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저자: Kamal “CryptoK” Glover · 외국인

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01. our next guest doesn't believe that bitcoin is a bubble in fact he says the cryptocurrency could soar to get this $500,000 in three years the always controversial John McAfee joins us now John great to speak with you great to speak disease thanks for having me on how do you how do you get to $500,000 in three years well let's not worry about that let's let's worry about going online on that yes I do a people are calling Bitcoin a bubble that's bursting now keep in mind that two months ago bitcoins to $2,900 and people were saying it's never going to hit three well he hit four and it hit five if you look at the long-term trend of Bitcoin it has been consistently up I mean who cares that it dropped $1000 from 5,000 after it went from the 2900 to 5,000 in two months it's still ahead from what it was two months ago you know I my company is one of the largest miners in America and one of the nice thing about mining is it doesn't matter what the price of Bitcoin is we still make money as the price goes down there are fewer competitors for mining and the the difficulty rate decreases and we simply mind more coins so I know as well as anybody what the price of Bitcoin is and it is consistently increasing I understand the Bible's worst I'll go ahead you know Jamie Dimon was very clear yesterday that he's a big fan of the blockchain technology and most people actually who who even you know called Bitcoin overvalued or what have you they are believers as well in the blockchain technology these are two separate issues so why is that Bitcoin necessarily has to rise to these Heights because you're a believer in blockchain as you do as you go I don't think I don't think the the that the Bitcoin rise has anything to do with the belief in the blockchain assembly has to do with the belief in in crypto currencies I mean once you start using crypto currencies whether this Bitcoin or more narrow or litecoin it doesn't really matter you see the facility you see the ease-of-use you see that without a central bank control the value of that currency depends upon the users of that currency and why is Bitcoin growing so fast because it's getting more users more people are believing if I do a transaction of the credit card I have to put in my name my address my credit card number the code on the back my billing address well that takes five or ten minutes for especially for someone my age but with Bitcoin it's 15 seconds to give me all of the address here is the amount done once you see the facility of cryptocurrencies once you see how fast they are transacted then suddenly fiat currencies credit cards maybe it's too easy though John I mean how do you I'm sure the government would like to track where this bitcoin is going they would love to tax people on this and so if you use Bitcoin you may not have that sort of paper trail so to speak to where people are making revenues or or earning money so are you concerned that government intervention in some way could actually slow this down well it can't slow it down but there will be government intervention why because as people start using more and more crypto currencies things like Manero which cannot be tracked at all when they start using these things suddenly governments are going to start losing income tax revenues and they're going to panic and they're going to say this is against the law but how do you stop something that cannot be stopped I mean this is not something unique to America where you can just shut it down I mean I can use the tor browser or the onion browser and access Bitcoin wallets all over the world and no one will ever know the government does not have enough enforcement personnel to ever stop Bitcoin Manero litecoin and all of the others so they're going to have to face reality find some other way to raise revenues this is a fact so John I got asked because most people know you as a cybersecurity pioneer they know the firm that is named after you in between that time and now you had a very interesting life and actually some reports say that you know it was it's the insane life john mcafee that you once lived in belize which is true allegedly got caught up with drugs and other illegal activities Bitcoin has a bad rap of being used in the underground that's why people want to use it because they want to conceal nefarious activity do you see that potential do you are you concerned about that as attracting government regulation no not at all I mean I'm still a security specialist and I keep track of the dark Reb Bitcoin is very seldom used any more on the dark web it has been replaced by Manero as the currency of choice because monera is absolutely anonymous cannot be tracked either sender or receiver of any transaction they're literally invisible so it's not Bitcoin itself but crypto currencies as a general group of things that are being used on the dark river and that will always be the case Bitcoin used to be the one because that was the only one available but not anymore so so bitcoin is sort of out of the dark web and into the light and then 99.99% of its use is legitimate so you know John I don't know if you know about this but you know Jamie Dimon watches the show pretty frequently he's probably listening to you right now we do you have any words for him as to why he he's got it wrong I mean would you want to place that same bet that you made on the Internet no I would like to say this mr.

02. diamond I did I respect you sir for your position you know people who rise your position are not idiots however sir what is you you called Bitcoin a fraud I'm a Bitcoin miner but we create the bitcoins it costs over $1,000 per coin to create a Bitcoin what does it cost to create a US dollar which one is the fraud because it costs whatever the paper costs but it costs me and other miners over a thousand dollars per coin is called proof of work we have put massive amounts of of supercomputer computing power and electricity and creating these coins shortly there's some value in that work that we did to create and the fact that bitcoin is consistently growing in its use and in its in its value has to say something you know sure it will rise and fall and it is highly volatile as all new technologies are right and at the same time it is certainly not a fraud so you're pretty sure that you're not gonna lose this bet that you have on Twitter no I don't ever lose bets john mcafee great to speak with you thank you

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