Eccentric US Presidential aspirant, Software developer John McAfee has spoken tough on those who branded altcoins as “shitcoin”.
The creator of popular McAfee antivirus made the assertion, naming all other coins aside from Bitcoin as “brilliant”, but he posed some questions reflecting that Bitcoin is more shitcoin than other altcoins in the market.
John McAfee, condemned the idea of calling altcoins “shitcoins”, claiming Bitcoin, which has no security, no smart contracts, no Dapps, has the true characteristics of what the maximalists mean by Shitcoin.
“We all know that the future of Crypto rests with the Alt Coins,” says McAfee.
“Bitcoin – Old, clunky, no security, no smart contracts, no DAPs …. Is the true Shitcoin.”
McAfee’s $1 Million Bitcoin Price Prediction
McAfee has been a cryptocurrency supporter since. The software guru once predicted that Bitcoin would reach $1 million in 2020.
He made the prediction on November 29 2017, saying each BTC would be worth $1 million by the end of 2020. McAfee, during the time, even promised to eat his dick if the prediction did not come true.
However, McAfee retracted his prediction before 2019 ended, saying he used the cryptocurrency prediction to lure investors into the industry.
He said: “Eat my dick in 12 months? A ruse to onboard new users. It worked. Bitcoin was first. It’s an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?”
McAfee Bullish on DAI, Monero, Ethereum
Since McAfee retracted his prediction, the crypto expert has been condemning the digital currency, drumming up support more for Monero, a privacy token used by the crypto guru.
When asked about the best altcoins, McAfee said it depends on what people want. For stability, McAfee said DAI is the best.
For smart contracts, he said Ethereum and dozens of other blockchain network are good.
He furthered that Monero is the best privacy protocol to use, saying there are tons of chains with equal liquidity, lower fees, faster processing than Bitcoin.
Have you been living in a cave?
Ethereum is only one of dozens of chains that support smart contracts.
DAI – the most stable of all coins
Is based entirely on Ethereum smart contracts.
Better to stay silent and be thought a fool
Than to speak and remive all doubt.
— John McAfee (@officialmcafee) January 29, 2020