McAfee Stakes His Name, $10 Mln On Bitcoin Split

Receive all Cointelegraph news immediately in Telegram. JOIN × News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Events BlockShow 2017 Helsinki 2016 Events Events News Explained ICO Calendar Press Releases Submit a post Submit press release Events About Us Catalog Advertise Franchise Join Us The Cointelegraphfuture of money Toggle navigation Submit a post Submit press release News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Press Releases Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Press Releases Events BlockShow 2017 Helsinki 2016 Events Events News Press Releases Explained ICO Calendar Advertise   1 HOUR AGO By Olusegun Ogundeji McAfee Stakes His Name, $10 Mln On Bitcoin Split When John McAfee noted that he is willing to stake his name and up to $10 mln on a bet that Bitcoin price will move above $500,000 within three years or he would “eat my d**k on national television,” it appears like he meant Bitcoin as we all know it. 4341 Total views 122 Total shares Ruckus When John McAfee noted that he is willing to stake his name and up to $10 mln on a bet that the Bitcoin price will move above $500,000 within three years or he would “eat my d**k on national television.” it appears like he meant Bitcoin as we all know it. However, the security expert later clarified in a series of tweets after much questioning that he was referring to the proposed fork of the top digital currency by a group seen to be championed by Jihan Wu. That is, as a respondent puts it, McAfee’s initial $500,000 prediction was not for Bitcoin but “a new altcoin that you and Jihan will mine?” to which he responded: “Jihan and thousands of others. THE Bitcoin. Please… count the f**king votes!!” To be precise, McAfee stated that based on his doctorate in point-set-topology – also called set-theoretic topology or general topology, which is the study of the general abstract nature of continuity or “closeness” on spaces- the predicted Bitcoin price in three years will be $2,431,013. However, other mathematics systems put it at between $1.9 mln and $2.6 mln. On the daily or weekly multiplier he used to arrive at the price over a three-year period, the CEO of MGT Capital Investments, which mines digital currencies, responds: “None. Point-set-topology does not rely on multipliers. It is too pure for such subjectives. A multiplier is a human thought. It is not math.” He also added that the projected price would develop over time based on an asymptotic curve. Additionally, he is not trying to stimulate as the price is of no concern to him as a miner, since he will always make 150 percent a year irrespective. On Jihan’s fork When asked if he thinks the ecosystem can reject malicious actors like the current Bitcoin Core team in time, he states that he is with Jihan, his friend “and the smartest man” he knows and believes that “the money will follow him (Jihan).” He states: “I'm hanging with Jihan. That's where the money is. And yes, he us (is) a great friend. And the smartest man I've ever met.” He didn’t specify if he will mine either BTC-ABC (8mb blocks) or Btc1 (2mb/SW) or (1mb/sw) but rather chose to follow only Jihan's fork simply because “I'm not an idiot.” While he maintains that only Jihan's fork will have value, he notes that there will be a huge damage to the main Bitcoin and its price “may go back to $40.” Within the given projected period, McAfee puts the Ethereum price at somewhere between a penny and $200,000. Bitcoin News John McAfee Bitcoin Price Jihan Wu Investments Bitcoin Core Comments (4) Hide Comments Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. Cointelegraph News Top News Recent Editor Recommends Buckle Up: Bitcoin Price Heads For Below $2,000 As August 1 Nears   46982   |     35 Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off   43632   |     11 Ari Paul, Tuur Demeester ‘Look Forward’ To Up To $1k Bitcoin Fees   41527   |     12 Ethereum Price Analysis: July 4 – July 11   31724   |     9 The Brief History of Bubbles   29107   |     15 Micropayment Company Ditches “Outdated Bitcoin” For IoT Technology   1664   |     2 Blockstream Meets BitTorrent: Lightning Micropayments Suggested to CEO Cohen   2187 McAfee Stakes His Name, $10 Mln On Bitcoin Split   4341   |     4 Petya’s Ransom Money Tracked Through Blockchain: Image   3439 Vice President of Marketing from Wargaming.net Joins SkinCoin’s Advisory Board   103 How Bots And Black Marketers Are Influencing Bitcoin Price, Altcoins Value   20669   |     7 Startup Darling EOS Cashes In Millions Of ETH As ICO Scorn Continues   22471   |     14 Investors are Comfortable With Bitcoin, Ethereum: Hong Kong Experts   10338   |     2 Stop Trying To Kill My ICO: Nick Ayton   12720   |     4 Five Big Businesses Leading Bitcoin Charge   19527 Hottest Bitcoin News Daily ×Close Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. ×Close Registration Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully. Confirmation email sent to email address provided. Sign up Already have an account? Log in here ×Close Login Email * Password * Twitter Facebook Log in with Facebook! I forgot my password Login Don’t have an account yet? Sign up About us The Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. Site map Catalog Advertise Franchise About us Projects Join Us Events International Sites Bitcoin USA Bitcoin Brasil Bitcoin Slovenia Bitcoin Spain Bitcoin Serbia Bitcoin Japan Franchise Information Terms of services and Privacy policy © Cointelegraph 2013-2017