John McAfee: of centralized crypto currency exchange will be dead in five years

Date:

2018-09-18 18:00:07

Views:

3642

Rating:

1Like 0Dislike

Share:

John McAfee: of centralized crypto currency exchange will be dead in five years Source:

According to McAfee, centralized exchanges «die» in the next five years. Their place will be decentralized exchange (DEX), which do not have the confidence of traders for normal operation. Such a move would be «the greatest economic boom in human history». About it writes .

the

Where will disappear crypto currency exchange

Decentralization is good, but kryptonyte all good again broken on the services of intermediaries. While these intermediaries are the exchanges that handle huge (by the standards of the crypt) trading volume. When the trader entrusts their money to the exchange, he can only rely on the level of protection and integrity of creators.

Unfortunately, even the most well-known exchangers victims of hackers and often lose money. But DEX is completely independent of all intermediaries, they give traders the necessary guarantee of security trading deposits.

John McAfee believes that regular exchanges will fall victim to corruption and disappear in five years. Their place will be DEX, which will be distributed on millions of devices, including smartphones. After some time decentralized exchange will put an end «war with the world's governments».

Because I don't care how much power the state has, how much it has police, soldiers or something. If the exchange is distributed over 20 million wallets on smartphones, laptops and tablets how to close it? It's impossible. Unless someone can disarm 20 million devices across the planet.

McAfee also explained why the cryptocurrency does not need regulation from the state. Corruption and centralized authorities is a relic of the past, in the future a key place in the world will take the blockchain.

The Blockchain makes me the judge of truth. CNN says its the truth, its Fox News, Russia, China and America also have their own truth. Before we didn't know where the truth is. Know now. Understand, however, and regulation cannot co-exist.

Recall that John McAfee is known for his bullish about the price of Bitcoin. Millionaire repeatedly in support of the blockchain and cryptocurrency.

If you want some tough stickers with John, visit our . And here you can discuss the crypt, Yes.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Purse MyEtherWallet is under attack more often than banks, Fortune 500

Purse MyEtherWallet is under attack more often than banks, Fortune 500

Ethereum-wallet MyEtherWallet is under attack more often than the largest banks of the Fortune 500. This writes with reference to the research company Segasec that provides protection from cyber-attacks. Since the beginning of coo...

Cryptocurrency is similar to the mafia. Traders complain of dependence on digital money

Cryptocurrency is similar to the mafia. Traders complain of dependence on digital money

could you Imagine your life without cryptocurrency, if one invested in it? For most people — the drug does not release them from the day they bought the first coins. Of course, not all Hodler happy. After some of them lost a lot o...

What do the owners of the crypts in a falling market? The Council is the Creator of Firefox, Brave, and JavaScript

What do the owners of the crypts in a falling market? The Council is the Creator of Firefox, Brave, and JavaScript

the Developer of the programming language JavaScript and Firefox Brendan Eich in an interview spoke about the development of their own Basic token Attention Token (BAT). the Programmer — the developer of one of the three technolog...

Mysterious insider predicted the growth of the Ripple to 589 dollars. The coin was suspected of having links with the Rothschilds

Mysterious insider predicted the growth of the Ripple to 589 dollars. The coin was suspected of having links with the Rothschilds

In the community, there is a theory according to which the price of cryptocurrency should reach $ 589 before the end of this year. Such a sharp price jump, investors divided into two camps — some believe in the prophecy of the mys...

How much will the Bitcoin to the end of the week? Analysts forecast

How much will the Bitcoin to the end of the week? Analysts forecast

the exchange Rate of Bitcoin this week if and grow, it is insignificant. The cost of the first cryptocurrency in the absence of positive or negative news will be in the range from 6.3 to 6.5 thousand dollars. He writes about this,...

The end is near: refund bitcoins to the victims of the collapse of Mt.Gox could crash the market

The end is near: refund bitcoins to the victims of the collapse of Mt.Gox could crash the market

Recently, representatives of the exchange Mt.Gox began a rehabilitation plan for the affected investors. According to the lawyers, traders can expect compensation of about 170 000 coins to BTC and BCH in the near future. However, ...

The price of Litecoin rests on the key level. Will there be growth?

The price of Litecoin rests on the key level. Will there be growth?

the Price movement of Litecoin are not yet talking about the exact change of trend, but on 4-hour chart cryptocurrency is already formed a double bottom. If coin will be able to break the level of $ 70, it is possible to speak abo...

Charlie Lee has named a new reason for selling all my litecoin

Charlie Lee has named a new reason for selling all my litecoin

the Founder of Litecoin Charlie Lee led another argument in favor of rather controversial decisions to sell all of his coins . According to the businessman, the profit from the transaction allowed him to fully concentrate on the d...

Bitcoin has grown to 20 thousand dollars without the infrastructure and wall street. What will happen in 2019?

Bitcoin has grown to 20 thousand dollars without the infrastructure and wall street. What will happen in 2019?

Despite the overwhelming bearish sentiment on the market in the next 18 months, the situation on the stock market can change dramatically — and the main force will be the bulls. The fact is that the infrastructure of digital money...

Casino robbery: decentralized application EOSBet hacked. Losses have exceeded $ 200,000

Casino robbery: decentralized application EOSBet hacked. Losses have exceeded $ 200,000

the Players of decentralized casino on the blockchain suffered huge losses due to vulnerabilities in smartcontract application. Using the flaw, hackers managed to steal thousands of coins worth more than $ 200,000. About it writes...

Mining vs correction: Hasrat Bitcoin doubled in just a few months

Mining vs correction: Hasrat Bitcoin doubled in just a few months

According to research firm Fundstrat, Hasrat of Bitcoin has doubled since may of this year. The rising popularity of mining crypto currencies has not prevented even one of the most severe corrections in the history of the stock ma...

Use technical analysis: what will happen to the price of Bitcoin this week?

Use technical analysis: what will happen to the price of Bitcoin this week?

slowly approaching the level of $ 7,000. Can you talk about the end of the bearish trend, or is it just a lull before a new fall? Situation analysis on the charts of crypto currencies held in . the the 4-hour chart Now, the main ...

What are the main advantages of Bitcoin? The opinion of the maker of Litecoin Charlie Lee

What are the main advantages of Bitcoin? The opinion of the maker of Litecoin Charlie Lee

Bitcoin is not censored, and transactions in the blockchain coins are unchanged. These features are the main advantages of coins, said the founder of Litecoin Charlie Lee. The businessman told about the advantages of Bitcoin from ...

The potential of the blockchain is endless. Evidence from the world economic forum

The potential of the blockchain is endless. Evidence from the world economic forum

the world economic forum (WEF) has allocated more than 65 ways real use of the blockchain in solving problems related to the environment. The results of the research analysts published in the report «Building Block(chain)s fo...

Tezos increased by 30 percent. Cryptocurrency is preparing to exit beta test

Tezos increased by 30 percent. Cryptocurrency is preparing to exit beta test

the Weak activity of the stock market did not prevent bitcoin to grow more than 30 percent. The main reason for the growth Tezos — launch core network coins on Monday. About it writes . the a promising New altcon on Friday, the te...

CRYPTOMACH / Successful fork of Anonymous, drop Hasrat Ethereum and mysterious plums 50 thousand bitcoins

CRYPTOMACH / Successful fork of Anonymous, drop Hasrat Ethereum and mysterious plums 50 thousand bitcoins

Sunday — time to take stock of the week. In the world of cryptocurrency for this traditionally responsible Cryptomach. Today, remember about the fork Bitcoin and Zclassic, review Vitalik Buterin to their own statements and unusual...

Not enough: analysts predict the rise of Bitcoin to $ 8,500 by the end of the year

Not enough: analysts predict the rise of Bitcoin to $ 8,500 by the end of the year

Experts of the research firm Trefis don't expect serious Bitcoin price movements this year. In their opinion, cryptocurrency will grow to a maximum of 8500 by the end of December. About it writes . the Why is not growing Bitcoin t...

Free cheese: easy platform to trade a crypt without a fee Robinhood was accused of selling customer data

Free cheese: easy platform to trade a crypt without a fee Robinhood was accused of selling customer data

Cryptocurrency startup Robinhood that allows you to trade coins with zero Commission, earns millions of dollars by selling customer data to financial corporations. This is stated in the report research firm Seeking Alpha, which re...