Reading: John McAfee Says There is a War on Cryptocurrencies

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John McAfee Says There is a War on Cryptocurrencies

Osato Avan-Nomayo | May 28, 2018 | 18:00

John McAfee Altcoins

John McAfee Says There is a War on Cryptocurrencies

Osato Avan-Nomayo | May 28, 2018 | 18:00


On the latest episode of “John McAfee Says,” the tech activist and internet security expert declared that there is an ongoing war against cryptocurrencies. 


‘It is, in fact, a war’

He aired this revelation in a video posted on his Twitter on May 27. According to McAfee, powerful forces are trying to derail the progress of the cryptocurrency revolution. McAfee began by unequivocally stating the reality of the ongoing fight:

Whether you know it as a war [against crypto] or not, it is, in fact, a war.

He listed the government, banks, credit card companies, and the SEC as some of the “enemy combatants.” These institutions have banded together to quell the relentless march of progress represented by the crypto renaissance.

McAfee’s warnings may have merit as many banks and credit card companies have recently started withdrawing support for cryptocurrency payments. While governments and regulatory bodies like the SEC are also trying to “abscond with cryptos as securities.”

He then urged all fellow crypto believers to take action, saying:

What can we do? Take action. Write your Congressman; it sounds silly [but] while they are still in power, make them work. Go into your bank and demand that they allow crypto transactions. If they say no, ask them to recommend a bank that will. Demand the credit card companies to allow crypto payments.

According to McAfee, change will only come when crypto enthusiasts become proactive and take matters into their own hands. He urged them to write the SEC, strongly calling on the Commission to not classify cryptocurrencies as securities.

“We are not a security; we are coins, we are currency. They are frightened of us,” he said.

Declaration of Currency Independence

In a related development, Team McAfee recently published the Declaration of Currency Independence. The 849-word document is a pledge of solidarity to the core ethos of the cryptocurrency movement.

The text bears some similarities with the 1776 United States’ Declaration of Independence. Both documents even begin with the now famous “when in the course of human events” opening phrase.

One recurring theme within the document is “Value” and how the current fiat monetary system has “fundamentally manipulated” the maintenance of the integrity of value. As a result, the declaration states that cryptocurrency is the only way to restore the concept of value to what it should be.

It reads:

Where value was once proven by the strength of the State ‘at the end of a barrel’, humans have developed, demonstrated, and proliferated a technology capable of proving value through the expenditure of electricity via the irrevocable proof of math. Such a concept has never been accomplished prior to the initiation of the Bitcoin blockchain.

Team McAfee under the leadership of John McAfee himself is requesting for readership and signing of the document. The declaration is available in 14 languages including English, Spanish, French, and Dutch.

Do you believe that there is a deliberate attempt to stifle the growth and adoption of cryptocurrencies? Keep the conversation going in the comment section below.


Image courtesy of Twitter @officialmcafee, Shutterstock


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