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John McAfee Slams Bitcoin Hard, Community Taken Aback

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Wed, 01/29/2020 - 08:05
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  • Prominent Bitcoin bull John McAfee suddenly defects on Bitcoin, calling it ‘the true shitcoin’ and makes a bet on alts

Cover image via www.facebook.com

The US presidential candidate John McAfee has always been famous as a Bitcoin permabull who first predicted BTC to hit $500,000 in late 2020, later on raising his bet to $1 mln.

The former antivirus mogul even publicly stated that he would eat his own penis on US national TV unless BTC traded at $1 mln by December 31, 2020.

Now, in the latest tweet, John McAfee says that the future of crypto rests with altcoins and that Bitcoin is ‘the true shitcoin’.

McAfee defects on Bitcoin, again

In a recent Twitter post, crypto baron John McAfee praises the Bitcoin maximalist who first started using the word ‘shitcoin’ to refer to altcoins, thus expressing their negative attitude to alts and pointing to Bitcoin as superior to them. However, what McAfee does next is criticize BTC, calling it ‘old’ and ‘chunky’.

‘It is the true shitcoin’, he concludes.

Earlier, U.Today reported that McAfee backed off his promise to eat his manhood publicly if BTC failed to reach the $1 mln price per coin. He stated that this prediction was merely a ruse to attract new users to the crypto industry. And it worked, he said. Besides, he called Bitcoin ‘an ancient technology’ earlier too.

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The community’s reaction to McAfee’s tweet

In the comment thread, some users started rebuking McAfee for the new attitude he recently adopted towards Bitcoin.

One user believes that McAfee has begun to call BTC a shitcoin because he is about to take part in presidential elections on November 3 this year. If BTC fails, this person says, altcoins will become 'the useless rest' too.

Another person reproaches McAfee, saying that he has made a U-turn on Bitcoin since his prediction regarding the $1-mln price this year is most likely to fail.

Other commentators seem to be led to believe that McAfee is about to start promoting coins on his Twitter account again. Therefore, they say, he is praising altcoins again, instead of the flagship crypto - Bitcoin.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

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Sun, 03/29/2020 - 19:38
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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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