Sunday, January 3, 2016

McAfee: Bitcoin is “Too Complex for the Average Individual”

McAffee: Bitcoin is too complex.

Some interesting comments from the very curious John McAffe on 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 disappeared for various reasons with Bitcoin users,” stated Mcafee, according to Bitcoin News.

“ It is number one, too complex for the average individual. The blockchain mining of coins is becoming increasingly expensive… We can talk forever about the intricate technical problems or lack of such. But from my personal opinion, I do not think the electronic currency will be Bitcoin. I’m close friends with Ron Pierce, he’s one of the biggest enthusiasts of Bitcoin. Honestly, in private conversations with Ron, we get the same thing. There will be an electronic currency, that I promise you. And if it’s Bitcoin, great. I just don’t think it will be.”

Mcaffe is the creator of the McAfee anti-virus program and is currently seeking the presidential nomination of the Libertarian Party (SEE: Anti-Virus Pioneer John McAfee Enters Libertarian Party Presidential Race)



  1. Putting the "Party" back in "Libertarian Party"

    1. Ya, he's got the blessings of liberty part figured out!