Future Of Crypto

John Mcafee | The Last Crypto Cowboy

John Mcafee On Crypto Radio

Were all cowboys bad back in the day? Join us as we speak to some modern-day revolutionary freedom fighter that knows fully the abilities of where blockchain is about and what we ought to do to make our planet a better place. Let us not throw this present of blockchain technology and bitcoin off simply to keep your life afloat falling deeper and deeper to taxation and regulation after regulation after regulation. Cryptocurrencies such as Bitcoin, tokens, DEX’s, MRU, Komodo and more crypto news discussed within this brief crypto centric conversation…

This is Crypto Core Radio – discussing the ideas, people and projects building the new digital economy. Get the latest on blockchain technology and crypto currency updates, with your host, LooTz.

S1: Hey, how you doing?
S2: Hey, John. Welcome.
S1: I just finished breakfast.
S2: I’m sorry – I feel bad that you were eating. It sucks when people call when you eat.
S1: No, it doesn’t, I don’t mind at all. I eat too much as it is, so…
S2: I’m beyond myself – I’m talking to John McAfee. You’re like a poster on my wall – you have no idea.
S1: All right, sir. Let’s get started.
S2: I wanted to get to know you a little more. Tell us about the wild cowboy, John McAfee. Where did you grow up? And when did you unplug from the matrix that we live in today?
S1: Oh, God… I think I unplugged at the age of six or seven, just after I found out there was no Santa Claus, and that my [inaudible 01:26], the guns didn’t actually work.
I’ve always been unplugged. I don’t know why. I questioned everything from the time I could speak. And if you question enough, you end up being unplugged. That’s just the way it works.
S2: I personally got unplugged when I was living on the street, I was living out of my car. People like me, we try to maintain our good jobs – supposed good jobs. I was a network engineer for a Fortune 30 company called AmerisourceBergen at the time. And I was living in my car. And I’m trying to go to work every day. So, I’d take a shower at the gym, and then I’d go to work. Nobody knew I was on the street, but I was. And then, at one point in time, you start questioning everything. ‘Why do they take so many taxes from me? I mean, I can barely live as it is.’
S1: This is what I used to do. For over 20 years, I would take anywhere from a week to a month off, I would go to Goodwill, get dressed up in ragged clothes, and panhandle, and just live on the street.
Why? Because I have such a big ego that the only way to maintain any sort of humility was to do something like this. And as you probably know – well, you haven’t panhandled, you lived in a car. So, people walk by you, you ask them if they could spare a quarter, a dime – you don’t exist. Half the people don’t even acknowledge that you’re existing. Those that do will say something like, ‘No!’ The ones that do help you are little old ladies who will say, ‘Now, don’t spend it all on booze.’
So, you do that for a week, every year for 20 years, you’re going to maintain your humility – I promise you.
S2: Unfortunately, a lot of the panhandlers here, in New York City, we intentionally ignore them because they try and scam you in different ways. You’ve got to be careful. You’ve got to very careful who comes up to you, and who you’re dealing with.
S1: How much can a panhandler scam you for? A dollar? Five dollars? And who cares whether they’re buying drugs with it, or hookers, whatever?
S2: Crypto has put me in a better position in life. And you know what? I would’ve never found crypto if it wasn’t for the situation I was in. It was my way of fighting back, also. I was like, ‘Bitcoin? Government hates it – I’m in.’ And then, I was buying at two, three hundred at the time, and everybody thought I was crazy. ‘Are you out of your mind spending your money on this fake money?’ And I was frowned upon, I was criticized. All those people, unfortunately, they’re still working. And I’m over here, doing what I love to do.
S1: Wonderful.
S2: People don’t understand the depth of how blockchain could help them out. I heard in one of your most recent conferences, you were telling about all the aspects of life that it could take over. Like history – right? I mean, if we started using blockchain, we could pinpoint exactly on the timeline when my grandfather got his tooth pulled. I mean, if everything was on the blockchain…
S1: That’s true. And history would no longer be written by the conquerors, it would be an absolute record of the truth of history.
S2: Yep.
So, you’re running for presidential candidate.
S1: This is my second attempt. I ran in 2016.
S2: I didn’t even know.
S1: And narrowly got beaten by Governor Johnson for the nomination for the Libertarian Party.
S2: From what I understand, your goal is not to win, but to shake the ground on this.
S1: I can’t possibly win. Anybody who knows me would know I could not. However, it’s a great platform from which to talk about the things that are important.
S2: Right. How do you feel you’re going to shake the ground by running for President?
S1: Because I don’t have to play by the rules, do I? If I don’t have to win, I can just be myself, say what I want, tell the truth, walk off of debates when they get boring; when somebody asks me a stupid question in a debate, I can call it a stupid question, ‘And please give me another.’
So, with that freedom, what can I not do? I mean, I can make an impact.
S2: Yes. And you know what? That’s one of the reasons why I love – it’s because there are not too many people doing that; there’s not that many cowboys left in this world, unfortunately. Everybody follows the mainstream, nobody thinks for themselves anymore, nobody has that childhood, ‘Give me – that mine! Don’t take my money away! That’s mine!’ Nobody has that ‘that’s mine’ attitude.
S1: That’s true.
S2: That’s just my personal opinion.
Let’s see here. I have some questions I had pre-made for you.
What do you consider the most important property of Bitcoin? The one which, if we were not there, it wouldn’t be Bitcoin? What’s the most favorable feature?
S1: The main property of Bitcoin is it was the first one. And therefore, the most popular.
In terms of technology, there are certainly more technologically-current coins. In terms of privacy, there are many coins that do offer complete privacy, which Bitcoin does not. In terms of speed, there are many that are faster. But Bitcoin is kind of like that thing that will always be around, and it will always grow – it’s like the gold that you put in you bank vault, but never look at.
So, it will always increase in value, but the most important property is its universal acceptance.
S2: Awesome. And the problem is that we’re getting suffocated at the centralized exchanges – right? They’re suffocating us there.
S1: That’s going to go away as soon as decentralized exchanges and atomic swap becomes a reality. And then, those central exchanges will have zero power, and they will fade away into obscurity.
S2: Are there any decentralized exchanges you favor at the moment? Maybe like Komodo?
S1: No, no. They’re all nightmares.
S2: Are they?
S1: I think they are. They want to know everything about you: your birthday, your social security number, your email at the very least. Try to get your money out of there – that’s where the real scam comes in.
So, no, there are no good ones.
S2: Gotcha.
How about Komodo? Have you heard about Komodo, the DEX?
S1: I have. Yes, indeed. But seriously, everybody starts off nice and sweet. And then, in the end, they get the power, and you’re screwed anyway. Why? Because they are fearful of FCC, fearful of government regulations, fearful of crossing a line. And every time they favor you over a government, they cross a line. The larger they get, the more fearful they become. And then, they’re all the same.
With a decentralized exchange, there’s no one to become fearful. There is no existing central-anything that you can point to to say, ‘Are you fearful?’ It’s ten million people who are operating.
S2: Well, I urge you to check it out. It’s definitely not centralized, and the creator is fully anonymous. And he’s planning on leaving town as soon as it’s up and running. So, he’s going to pull us a Toshi, I’m sure, at some point.
S1: [inaudible 09:07] using it – I know that.
S2: Asset chains, all of these… I don’t like tokens. I hate tokens. I mean, they have their purpose for some things. They depend on the platform that they’re on – so, Waves, Nxt, whatever. If Nxt dies, then your token dies with it. So, you’re kind of centralized in a way. You’re dependent on [inaudible 09:34] S1: Do you have children?
S2: No, not yet.
S1: Okay. You should find neighbors’ children between the ages of eight and twelve. You will not believe how many of them have created their own ERC20 tokens, and are actually using them. And it depends entirely on the charisma of the child. But I think this is the greatest thing. Because everybody should have their own currency – what’s wrong with that? You don’t have to accept theirs, but if somebody builds something, and does something, and creates a structure in which it’s useful, then other people will start to use it. This is what it’s all about. I don’t care if there are 500 million currencies – who cares? Don’t use the ones you don’t want to use.
S2: Exactly.
S1: But if you look at grade school kids who are actually creating their own coins and using them, it will shock you.
S2: KitKat coin, rubber band coin – yeah, they can make a coin out of anything, if they want.
S1: Yes.
S2: It’s fun for them. And you know what? It increases creativity. What the system has done is they’ve removed our creativity. You go to work every day, 12 hours a day – who has time for creativity? Do people even still watch cartoons? I do.
S1: Of course.
S2: Tell me about the MRU coin – just briefly; I do know about it.
S1: It’s basically my take on where we might be going. Governments and banks are trying to take crypto currency, and back them with FIAT. So I go, ‘Why don’t we just take FIAT, and back it with crypto?’ I mean, that’s how ridiculous that system is – right? So, that’s what I did. Exactly what I did. Only to avoid the FCC coming and arresting me forever, I called it a collector’s item. And the MRU can, in fact, be redeemed for a physical world resource. Like if you have 100 units, you can exchange them, and have 100 minutes of time with me alone to speak about what you want. Who knows if that’s valuable, or not? Nevertheless, I promise you, some of my diehard fans are going to exchange them. As they exchange them, the value of the unit is going to go up and up, obviously.
To exchange them, you have to go to Mexico City, wait until Friday afternoon between 1 and 3, exchange you MRUs for a date, time, and location where you can meet me. And I might be in Singapore, or Japan, or in Tierra de Fuego. And so, I promise you some of my diehard fans are going to do that.
When the news gets out about it, why do you think the value of the MRUs is going to go up? Because if you exchange it for something, and it costs you $10,000, then that’s the value – is it not?
S2: Yes, it is.
S1: But it gets deeper than that. The MRU is also backed by a crypto currency, which is the MRU token. And you can exchange it at any time. Those tokens are not activated until you either turn your unit in, or exchange it. If you turn it in and say, ‘I no longer want my collectible currencies, I want those tokens so that I can get on and play with them on the open market’ – well, then that’s what happens. And you get one more chance to turn those tokens – only one – back into the currency, if you want; and say, ‘I don’t want to pay for that, because McAfee is dead, and the paper is not getting valuable.’
S2: Hey, it might go up in value.
S1: I suspect it will.
S2: It’s like a famous artist – right? When they pass away, their work is always worth a lot more.
S1: Oh, of course. It’s always that way.
S2: How long do you think the government will resist until they fold in, and start supporting crypto, and allowing the evolution of mankind?
S1: When they hurt badly enough. When they can no longer collect taxes, because everybody is using crypto currency to buy and sell, and no one knows where the money is, and everybody is using privacy coins. Or when things start falling apart and unraveling with government services, because they no longer have the cash to support them. Then, they will sit down at the table. But not before, sir.
S2: Every once in a while, we hear about some government that, ‘Today they support crypto currency.’ And then, the next day, they don’t. But when they do put out that news that they’re supporting crypto currency – is that a psychological trick for us to calm down, because we’re imposing on their regulations?
S1: It’s a physical trick by usually the government putting out their own crypto currency, which is just another version of FIAT, which they control, they monitor, and they still know what’s going on.
No, sir, don’t buy into that. The governments will give us nothing to support us.
S2: The evidence I’ve seen of that is that JPMorgan is actually hiring blockchain technologists.
S1: Of course.
S2: Oddly enough. So, why would these big companies need people who know about blockchain? They’re obviously doing something underneath the curtains.
S1: Right. But whatever they’re doing is of no value. Because they think they’re going to come out with a Bitcoin alternative the world is going to use. We’re not that stupid. We’re going to continue to use what the community develops, not what the banks or the governments develop.
S2: It’s one of the reasons I stay away from Ripple, personally. They literally said they’ll bend over backwards for the government. I’m not a fan of anybody who says stuff like that.
S1: I understand.
S2: That’s insane.
We have different aspects of our lives, like blockchain could take over. What other aspects do you think we could utilize it for?
S1: There’s nothing in the world that blockchain will not fix. Anything from the supply chain problem to voting and politics – you name it. Name any aspect of life – I promise you that the blockchain is going to be used. Because what is it? It’s an immutable ledger that tells us truth of what happened in the past. What more could you ask for?
S2: It’s better than writing it on cave walls, because you can’t change it. No one could go and delete it, or erase it. It’s immutable. It cannot change.
I would love to see prescriptions, stuff that doctors do, because doctors are kind of shady – some of them. They dispense all these pills – right? I would love for them to put what they do on the blockchain, just personally speaking. Because I took an experimental drug when I was younger, and it kind of affected me at some point. And I had to get a major surgery done because of it. And when I went back to the doctor who gave it to me, ‘Oh, after ten years, we’re allowed to throw away your records.’ Really? What the hell?
S1: What…? Yeah, it would solve that problem – absolutely.
S2: So, the lawyer has nothing. There’s nothing. There’s no evidence that I even took it. It’s nuts.
And a lot of issues can be solved with the blockchain. And a lot of people don’t see it. We see it…unfortunately.
Is it possible for the government, or anyone else, to shut down the Internet backbone, or ISPs, to disrupt Bitcoin? And can we mitigate this by utilizing any other technologies?
S1: There’s always technology. I mean, there’s decentralized ways to doing the Internet, but I don’t think anyone can shut down the Internet backroom – it would shut themselves down.
S2: Right. Well, that would be a major catastrophe even for them, then.
How about IPFS? Have you looked into IPFS? Do you like it?
S1: I have not.
S2: It’s an interplanetary filing system. It’s a protocol that could actually take over TCPIP, from what I understand.
S1: I have not looked into it, sir.
S2: Okay. Check it out. It’s like a fully distributed network. And it’s an actual protocol that could replace TCPIP. So, at one point in time, we could actually hardcode it onto hubs and routers. And this could be the new Internet, where it’s more like a spider web.
S1: Well, a protocol doesn’t exactly change much. A protocol merely is a handshaking mechanism that allows someone to recognize who you’re dealing with and so on. So, I doubt it pretty seriously that’s just a protocol that will have any impact at all.
S2: Okay. Well, check it out. I have my own node running. I’m sharing movies – it’s a lot of fun.
S1: Okay.
S2: And you can’t really get caught. You give people your special hash, you put it in the URL. And as long as you’re running a node, you can watch my movies, which is cool.
S1: All right. Wonderful.
S2: You can’t do it the old-school ways by sharing, and on torrent networks anymore, because the ISPs, they come after you.
S1: Right. But still, you’re still running across the Internet – are you not?
S2: Across a VPN, but yes.
S1: Okay. So, still nothing has changed.
S2: Well, I definitely use precautions no matter what.
S1: Of course.
S2: You said something in your last interview about if you go to porn sites on your phone, you definitely have something on your phone.
S1: That’s right.
S2: You made me a little paranoid right there.
S1: Absolutely.
S2: It’s not me, it’s my girlfriend that goes on the porn sites.
S1: Yeah, I’m sure it’s not true.
By the way, I’m running kind of short on time, I have a meeting coming up. Let’s get a couple of additional questions, and then I’ve got to run.
S2: Sure. Okay, brother, thank you.
Will you have like a home version of the Sentinel available for me to use? At some point, I would love to use it.
S1: I don’t need to know, because I left MGT a year ago.
S2: Oh, did you?
S1: I have no idea what they’re doing.
S2: Oh, okay. I didn’t know that. Okay, thank you.
I have some community questions real quick.
What are your thoughts on the 51% tax on the late proof of work, like gain credits, and credits using it?
S1: Use some other currency.
S2: Use a different algorithm – right?
S1: Yeah. Abandon those things that look scary, or look like they don’t work – just don’t use them. That’s the beauty of the crypto currency world. You don’t like Bitcoin, use Ethereum. You don’t like Ethereum, use Monero. You don’t like Monero, use the Dash. We get to choose.
So, my thoughts are I’m not trying to solve people’s problems, or fix this, or fix that. If something looks shady about it, then pick up something else.
S2: Gotcha. And these are people from the Komodo community. I kind of grew up in that community. You know, we all grew up in some crypto community when we started – right?
S1: Yes.
S2: So, I have a lot of friends there. And they love you, too. So, it’s been pretty cool. They had a lot of questions, but I’m looking for the most important, the good ones.
What is the most important issue that DEXs need to solve in next few months to be adopted by more people?
S1: User interfaces to allow housewives and plumbers that have no concept of what this is to just easily log in, and start using it. Because we expect people to know too much. We give them what? Little scan codes? Good God all mighty…that’s what grocery stores use, and we never look at.
S2: It has to be simple, yes.
S1: ‘A string of a 100 characters long is supposed to mean…’ No. get rid of that garbage.
S2: It’s true. It’s got to be easy. I mean, my grandma has got to be able to use it. If she can’t figure out, then all hope is lost.
S1: End of life. If your grandmother can’t use it, then half of America can’t use it.
S2: What advice do you have for children under the age of 21? And what can they do to assist in fighting the good fight, and helping themselves?
S1: Educate yourself. Get a wallet. Take your allowance and convert it into crypto currency. Start playing with it, start using it, start buying, start selling, start investing. And delve into it right up to your neck. And stay with it, because this is the most powerful thing that you will ever learn.
S2: Awesome. Fantastic. Thank you for your time today, John McAfee.
S1: You’re welcome.
S2: Thank you for coming on Crypto Core Media. I’ll see you at Bitcoin World Conference – I’ll be there, I live in New Jersey and New York.
S1: I look forward to seeing you there. Thank you.
S2: Thank you, brother. Love you, buddy.
And to everybody listening, thank you for joining us today. That was John McAfee. He is a big idol. I love that guy. I mean it. Like I said, there’s no more cowboys in the world, there’s no more people that o and get what they want. He is like a great example of how we need to change this world. He has realized it. I mean, he was a little crazy back in the day, I agree. But you know what? We all did our crazy things. I’m not gonna lie, I’ve done some crazy things, too. Growing up in Queens and Brooklyn – we’ve all done some crazy shit. But eventually, you learn from those things, and you become a better person.
He’s a great example of somebody who’s trying to educate you guys, and help you, and your kids. If you haven’t listened to his last conference, I will add a link to it in the description of the show.
Thank you all.

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