John McAfee is pretty much loud and slear about everyrhing he does including his presidential campaign. Now, he gets involved into “Who is Satoshi Nakamoto?” buzz, and, according to him, frauds claiming to be the real Satoshi are hurting the space. He says false claims from people like Craig S. Wright are negatively impacting the growth of the entire industry.
“I have received today dozens of communications from people and groups claiming to be Satoshi. Below is an example email and my responses. So people, please – i do know who Satoshi is. Don’t make yourself look foolish by pretending. Again people, don’t make yourselves look foolish by contacting me and claiming to be Satoshi. If you need to contact me to reveal yourself then you are not him.”
The recent twitter fight escalated when Binance, announced that it will be delisting BSV coin which is backed by none other than Dr. Craig Wright. This news sent the cryptoverse in to a frenzy, and most influencers of the crypto industry welcomed it. John also jumped in to it and expressed himself on Twitter by calling the Binance founder courageous.
Wright has been serving people with legal notices for harassing him with tweets or comments. The barrage of lawsuits began with Hodlonaut, a Twitter user who seemed to have started the hashtag “CraigWrightIsAFraud.” He tweeted:
“It’s my considered opinion that BSV is using Craig Wright’s bogus claim to be Satoshi as a means to fraudulently increase their price. God bless @cz_binance for having the courage to delist them!”
Just for a reminder, Binance exchange has decided to delist and cease trading on all trading pairs for Bitcoin SV (BCHSV) starting from April 22nd, 2019.
And it seems that several major exchanges have voiced their support for Binance’s intention to delist Bitcoin SV, dropping its price heavily
Do remember that McAfee made his prediction of $1 million Bitcoin price by 2020 based on mathematics:
Come on people!!! It's time to brush up your basic math skills and run some f*^#$ng numbers!!!! It is mathematically impossible for Bitcoin to be less than $1 mil by the end of 2020. Bitcoin is not an effing stock!!! You can't apply stock paradigms or formulas and expect answers! pic.twitter.com/KM6qVX204R — John McAfee (@officialmcafee) April 15, 2019
According to the his previous statements, the actual value of Bitcoin is based on the cost of its production (or mining), as well as on the total number of users and transactions on its network. McAfee has also stressed that Bitcoin was not a speculative investment but an instrument that powered a payment protocol working without banks.
Then, McAfee stated that the US dollar is widely used because people trust the regulator that issues and governs its value. When Bitcoin achieves massive adoption, its demand will surge, and there will be no need to issue dollar bills.
As a result, there will be a protocol that puts a pre-defined supply cap over Bitcoin printing – 21 million units – and allocates the task of minting it to miners. Due to the protocol, funds will be transferred more cheaply than by a bank, which will also foster Bitcoin adoption.