Starting off our session for the day was John Mcafee, The cuban cryptocurrency investor and enthusiast joins the event through a Skype session. Jumping right into the beginning of his journey, John says that he bought bitcoin when it was a little over a dollar.

“I bought it not because it would be valuable one day. I bought it because it is a very interesting piece of technology. I do not consider myself to be an investor, I had money even before crypto”

When the host asked about what does he think of the new age entrepreneurs who are sitting on huge mounds of wealth, he says that the coins give people freedom. Freedom to be whoever they want to be. When asked about bitcoin, he notes that “Bitcoin is just one among the many that have worked and it remained to be the largest coin” He adds that we would be clearly establish that the crypto world should shake off to more diversity than bitcoin.

A strong advocate of freedom, John is known for his freedom cryptocurrency. The host soon asked John on about what he thought would be the go to standards in crypto industry; like what is the go to for payments, what is the go to for cloud computing? What is the go to for smart contracts and similarly, what would be the benchmark for cryptocurrencies.

“Privacy coins are soon to be a benchmark for a lot of reasons” He adds that cryptocurrencies are already delivering on the promise of decentralizing finance the way social media has decentralized the media industry.

“Cryptocurrencies are a direct threat to the foundations of government. The IRS cannot track anything you own if you own it via crypto. Now this scares them” 

When asked how is it going to help the individual persons, he says that cryptocurrency will give people back their freedom to release or hold their own value/worth. 

Keeping the chat lightsided and humourous all the way, John even took a few digs at how the world is trying to push back crypto by calling it a scam.

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Image Source: John Mcafee | "John McAfee" by Gage Skidmore is licensed under CC BY-SA 2.0