• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency Technology

‘No Hoax’ McAfee Coin Could Turn Fiat on Its Head

tim copeland by tim copeland
3 years ago
in Cryptocurrency Technology
Reading Time: 3min read
McAfee
Advertisement

Founder of McAfee Antivirus and paid shiller, John McAfee, announced a new fiat currency today, backed by crypto. In a radical move against long roadmaps, the McAfee Coin is set to launch, without prior warning, in less than a month.

McAfee Shills Himself

McAfee, self-proclaimed ‘Father of the Privacy Movement,’ has his face featured on four of the seven notes. The One McAfee Redemption Unit note features McAfee surrounded by five women. The notable individual chosen for the 50 Redemption Units note is Roger Ver, founder of Bitcoin Cash, known affectionately as ‘Bitcoin Jesus.’

“No hoax. The “McAfee Redemption Unit” is real and coming in 26 days. The graphic is low res – don’t want to give much away yet. Printed on currency paper, holographs on both sides, serialized, linked to the blockchain, redeemable, convertible, collectible,” McAfee tweeted.

SmartPayMINT offer notes and coins that contain access to specific amounts of cryptocurrencies. They use near field communication (NFC) to transfer information and feature a QR code of the relevant public key. These coins are an alternative to hardware wallets, such as the Ledger Nano, which can store multiple cryptocurrencies. However, their website has been offline since May 15 and little information appears to be available.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

. @SmartPayMINT sent this. What's odd is that tomorrow night I am going to make an announcement of the new "McAfee Coin", based on a radical new concept: Fiat currencies (collectible) backed by crypto – the reverse of what banks are attempting. Seriously. pic.twitter.com/3uTHHKG18M

— John McAfee (@officialmcafee) May 29, 2018

It is unclear how much the Redemption Units will be worth as they attempt to merge cryptocurrency and the muggle world of fiat. They appear to represent time with McAfee. The note states that if the owner appears at the Redemption Office in Mexico between 1 p.m. and 3 p.m. they will be allocated a time and place to meet with McAfee himself. The length of this meeting will be related to the amount of McCurrency held.

The new crypto-fiat-currency may play a role in McAfee’s currency independence movement, which was formed as a response to his perceived war on cryptocurrencies by banks. Their aim is to separate money from the state, giving the public more control over how they transfer value. He is urging followers to sign the Declaration of Independence whereby signatures will be recorded on the Ethereum blockchain.

“We are not declaring Independence from State Controlled Currency — We are declaring Controlled Currencies through fiat have been rendered Obsolete. This Declaration of Currency Independence is a direct response to the continued manipulation and destruction that stems from the deliberate degradation of Value across the whole of humanity,” the states.

https://twitter.com/SmartPayMINT/status/1000521982545457152

McAfee’s recent predictions include Bitcoin Private surpassing $200 (currently $22) and EOS hitting $36 (currently $12) by the end of July. He also maintained his position that the Trump-Kim Jong-un summit will happen even though it looked like it was cancelled when Trump sent a letter calling it off. However, U.S. President Donald Trump recently tweeted that talks are in place to put it back on the table.

In November, McAfee raised the stakes on his famous bet, stating that if the price of Bitcoin is not $1 million by 2020, then he will eat his own penis on live television. In response to this bet, a website has been set up tracking the progress and publishes daily live updates on Twitter. Currently, Bitcoin is 29% below target meaning that McAfee, and TV viewers in general, should be feeling quite nervous.

NewsBTC would like to point out that we do not seek to understand or explain the workings of McAfee’s mind. To this end, he has used the words ‘no hoax’ and ‘seriously’ so we have decided to take him at full value. However, as always, do your own research.

Featured image from Flickr via Gage Skidmore.
Tags: bitcoinBitcoin Cashbitcoin jesuscryptodeclaration of independenceDonald Trumpethereumfiathardware walletshoaxJohn McAfeekim jong unledger nanomoneypredictionsredemption unitRoger Versmartpaymintsummit eos
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
tim copeland

tim copeland

Related Posts

ILCoin, virtual reality

Why Virtual Reality is The Future of Entertainment

4 weeks ago
Contested Election Results Force Discussion of Blockchain Based Voting System

Contested Election Results Force Discussion of Blockchain Based Voting System

4 months ago
jax network

Jax.Network Addresses Crypto Scalability Issues, to Create A Decentralized Consumer Payment System

5 months ago
crypto tether usdt stablecoin

No, Another $1 Billion In Tether (USDT) Wasn’t Added To The Crypto Market Cap

6 months ago
crypto

South Korean Crypto Platform ICON Launches Decentralized Passport Service

2 years ago
Swiss Luxury Hotel Accepts Bitcoin Showing Increase in Adoption, CEO Explains Motive

Swiss Luxury Hotel Accepts Bitcoin Showing Increase in Adoption, CEO Explains Motive

2 years ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Easyfi Network introduces Staked Derivative Assets Money Markets on Layer 2 DeFi

March 1, 2021

Seascape Network Officially Debuts on Binance Smart Chain

March 1, 2021

What Will Happen to Oil Production and Distribution in 2021, and How Can You Make a Profit on It

February 28, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.