Bitcoin Forum

https://i.imgur.com/y0lreAD.png  https://i.imgur.com/T8VwrUK.png

John McAfee announced his new project decentralized exchange release in Monday, October 7th

Are you going to use it and what do you think about it?

No KYC.
0 makers fee
0.25% takers fee
Free listing for erc20 tokens

website:
https://mcafeedex.com/

I won't be touching it with a 20 foot pole.

Remember when McAfee got paid to promote a bunch of altcoins and tokens on twitter and other social media, and every single one of them without fail has dumped >95% and everyone who listened to him lost a ton of money?

Remember when McAfee encourage everyone to buy his overpriced hardware wallet, and it turned out to be a glorified brain wallet and was hacked several times by different people using different methods within the first couple of days?

Remember when McAfee launched his own trading platform, and it turned out to do nothing but store several API keys in one place and charged a ridiculous fee for doing so?

Everything that he does is driven by profit, and every project he is involved with quickly turns out to be total trash. I have no doubt this will be no different. When DEXs such as BISQ already exist, I have no need or desire to even check this out when it does launch.

@o_e_l_e_o
Answer to all your questions is: Yes I remember it all :)

Anyway, it is still amusing to watch him in his new endeavors.

I do like Bisq, and I also think we need more and better dex exchanges, not necessarily from McAfee

Agreed. Competition is a good thing. More DEXs from more providers results in more choice for users and more development as they have to stay competitive with each other.

The main problem we have with DEXs at the moment is a lack of liquidity. As we see more and more centralized exchanges demanding ridiculous levels of KYC data, often without warning or notice and holding customers' coins hostage until they comply, and more and more centralized exchanges being hacked for this same data, my hope is that more and more users will finally get fed up with their nonsense and start looking to DEXs instead. The whole point of bitcoin is to not have to trust third parties with your money. Why should we be trusting third parties with our trades, when they have regularly proved to not be worthy of that trust.

Having said all that, anything with McAfee's name on it usually does more harm than good. He widely publicizes it mainly at newbies who don't know he is a scammer, and when it all goes down in flames they are the ones who lose out, not him.

Reputation and  integrity  is very  important but its seems like john  is playing with his integrity.  allot  of  project  he supported failed and must  remember  people are losing trust in him.  And i dont know how crypto user  will respond to him now.  I dont  tust  John  anymore.     

Doubt that the exchange will have the "decentralized" status permanently with McAfee being the one running it. There are two possibilities I see why soon it will have KYC for their exchange one is that the exchange will be too big to avoid KYC and the other one is McAfee being such a high profile person in the industry in such the authorities will permit him having a decentralized exchange or it can be both. But do you really think that this DEC is ideal for us members? I don't think so, if they ever plan to launch their own IEOs with their exchange I know for sure that McAfee will be biased with all of them and he will also have a big position for it ready to be offloaded once it is tradeable in their platform. There are other much better options out there and I won't be sticking my funds anywhere near John McAfee's name.

Who wouldn't love this clown? Lol, He already gave us the https://mcafeemagic.com but i don't know what happen, but I would assume it didn't went as he wanted to so he immediately jump on creating a DEX. But sure that being decentralise has its advantages and he introduces no fees, however, its business at the end and soon he will require money just to list coins in his DEX.

I wouldnt trust that load of BS coming from that guy. Won't be surprised if it gets hacked pretty quickly.

Well well well!

This caught me by surprise. I was just seeing him promoting another project and then, suddenly, I see this!

Would I use it? I don't know. Maybe when it has the most liquidity out of all Dexs. This is probably going to be another good competitor of etherdelta  ;D

His McAfee Magic exchange was rightly derided when it first launched as essentially being a glorified API interface, but charging users thousands of dollars for the privilege. There was literally no good reason to use it. I've just had a quick internet search, and I can't find any recent posts about it on here, reddit, any crypto news site, and so forth. There are no stats for number of users or how much volume they are processing. This all makes me think you hit the nail on the head - it didn't generate the instant profit which is all he cares about, so it will be abandoned and he will move on to his next scammy project.

Exactly and these are all the same with my thoughts too.This McAfee doesnt really get tired on involving into any businesses which turns out to be a shit later on.
Its much better if he do focus out on how to resolve on what he would alibi for him not to eat his own d*ck on national television.We should not forget on his $1M btc price prediction.

For his own Dex i wouldnt plan to use it as said theres already Bisq and it is already enough and theres no need for some McAfee dex but im really sure that there
would be still fools who do use this up.

I will give it some months, possibly one entire year, and see people's/users' reactions.
If it proves itself good (which now I doubt) and with enough liquidity, why not?

McAfee has really not been transparent in this crypto, from shilling baseless shitcoins that got everyone who followed him REKT, to some other things. Now here we are, an exchange from him. Well, I'll sit on the fence, watch closely and see how this pans out. Hopefully for the better this time around.

I doubt it will last till next year, no one will use that, not unless he accepts all these shitty erc20 ICO tokens that spread the entire industry and most bounty hunters who have those token will only use the platform.

Very interesting he always gives surprises in crypto. including this exchange, after several exchanges closed, he made a breakthrough with a 0 fee exchange. we'll see if this works well.

Dex doesn't really have a good history in the crypto space. They've been one of the biggest disappointment thus far. So much was hoped fpr but very little was delivered. Even Idex recently introduced KYC to its users defiling everything Dex stands for. McAfee Dex? There's basically nothing new or interesting. I've been following every projects he shilled in the past like Apollen etc. Let's see how it plays out. But I wish him well.

Well, given that McAfee has a long history of failed crypto startups, anyone can't be blamed for not trusting any of his new ideas. But these type of guys often get away with it especially if they are well-known. Even one of the so-called Twitter influencers conned newbie traders into giving $1,000 for a lifetime subscription - he's gettting away with it.

Now, just like Kim dot Com (ex-failed scammer), they could actually stumble into a successful venture. Maybe this is it for McAfee. His clout could finally push for DEX adoption.

But of course the odds of success is close to nil since the current crop of DEX are having troubles of adoption even by a few.

As we are talking about Decentralized exchanges in general,
has anyone heard or used this dex based on Tor and called eFin?
https://www.efin.com/

Lot of controversy around it, but I heard about it just few days ago.
Any feedback? I heard some scam related info...

If it won't last an entire year then it simply will prove my decision was correct and it was just fine to stay away from it.

The launch of this exchange is wrong timing, even it is dex and its easy to list a token . This 2019 will be the end of season of ICO and ERC20 token created by ethereum platform. There still many project created  but  few people only believe that there are still good project that use ETH platform.

I mean, I hope you are right, and that the vast majority of tokens die off and we see fewer and fewer ICOs being launched since 99% of them are outright scams.

Having said that, that doesn't necessarily mean it's a bad time to launch a DEX. One of the main use cases for a DEX is to provide an anonymous/semi-anonymous on and off ramp for fiat, and to bypass invasive KYC procedures to be able to buy or sell crypto for fiat. You can already trade from BTC to ETH to useless tokens and back again on centralized exchanges without having to perform KYC, so the only thing a DEX adds here is not having to trust the exchange to hold your coins. Obviously less trust is a good thing, but DEXs come in to their own to allow fiat trading without KYC.

This doesn't change my opinion that this particular DEX backed my McAfee will almost certainly turn out to be complete trash or even a scam, but I'd still like to see more DEXs being launched and more options to trade fiat to BTC without KYC.

There is Switchdex and I do think sincerely that is the decentralized exchange McAfee is trying very hard to copy. Nonetheless, I think people should very care patronizing his exchange. I find it difficult trusting a man who always has a smile plastered on his face. In the case with McAfee, a failed past is a cause to worry about.

Well it looks like McAfeeDex is just a clone exchange from Switchdex.
Even support button on McAfee is directing to Switchdex telegram  ;D
It is very laggy and very white

website
https://switchdex.ag/

ANN
https://bitcointalk.org/index.php?topic=5127853.0

At a time when exchanges are shutting down due to lack of operating funds or actual revenue, this nutcase comes out with a DEX?

Seriously people! Do we really need more exchanges?

(The answer is no)



Think about? Yes. Use it? No.

Anything McAfee is involved is potentially a disaster waiting to happen. Who forgot about his world changing Power token that is worth shit after months of delays one after the other?

I can name a dozen projects he sold his name to, that are indeed shit. One other example Karatbars.

Need I say more?

The answer is YES.

Not from McAfee, but we do need Dex exchanges without CEO clowns,
or we will again see more Binance case of safu lost KYC docuements jokes
or RV videos from MtGox exchange...

Probably switchdex and mcafeedex owned by Mcafee ::)

https://i.imgur.com/PMY4XZ4.png

Officially he is just Advisor there
unofficially...who knows
https://switch.ag/about.php

On switch Twitter you can see McAfee all over the place
https://twitter.com/switchag

and this one is mcafee own this exchange or they are just using mcafee popularity ?
Checking the websites using mobile and its so laggy its hard to use harder than forkdelta and no other info can be seen in the website.

Earlier he has promoted several ico projects and that too gained good investment. Later there is no update and projects went completely out of the market without getting listed to the exchanges. I haven't invested, but participated on the bounty of one of the project named bitrace. Maybe this time he'll list all those worthless projects in this DEX for trading.... Lol :D

Its clear as water that they do wrote up "their advisors" including McAfee on it which means he's not the owner of the said Dex site.

Owners do tend to use this up just to hype up the Dex but i would say that they had made some wrong move on here since they dont know
on how the community foresees about McAfee which is mostly on the negative side which means this is already a bad sign for their business.

Oh yeah, it's now clearer to me. I did more checks and discovered that the McAfeedex is using the Switchdex contract. Switchdex owns the Switch token (ESH) which is a swap of Ethershift. It's already listed on the CMC. The developer is Josh and this link http://t.me/ethershiftco takes one to the telegram group.

Again, the Switchdex only lists and trades ETH tokens. Any other tokens there are basically the handiwork of fraudsters trying to scam users. So, be careful. I guess same goes for the McAfeedex.

I agree here,,, there is never a bad time to launch a DEX, since we can never have enough competition. But I think we need a lot of thinking behind all these different DEXs, like cannot they find a way to work with each other cross platform and somehow, cross wallet and cross blockchain?

I would love to use a DEX and everybody else would too but if there was a simple way for me to say I have X token and would like B token, and all DEXs can find me. That would be my dream!

I wish he would add support for ravencoin assets as well.   There is a serious lack of ways to use those tokens currently. 

Just stop! Just simply stop with McAfee ...we had enough of him and now he's back trying to fool some people again and users like you promoting it ? Are you serious ? You have a Sr.Member rank and you post that without even check it first or look into McAfee history regarding cryptocurrencies. That exchange should be dead and gone as soon as possible or we gonna see a lot of people loosing their money due to a "security breach that was out of nowhere" because I have a feeling that will happen as he open that exchange in such a short time ...also looks like the worst copy/paste of Waves Dex....

It is enough to be aware of what McAfee did in the past. He's been into different projects that causes a lot of pumps and dumps and remember the advertisement he said for a new hardware wallet that it was unhackable? then we all knew what happened next.

Though this is a DEX but like others, I don't want to get into this exchange for where the guy was involved with serious matters regarding his promotions in the past.

I don't know who is promoting McAfee but I am sure not promoting that old clown :)
I do like to explore and examine all new exchanges and projects, even if they are a scam.
That is the only way to expose them.
 
McAfee now asks 'just' $395 USD so we can all have our own clone exchanges   ::)
https://twitter.com/officialmcafee/status/1181611941413957632

Since it is a decentralized exchange , no one needs to make an account.  Maybe just give it a try. We do not have any good decentralized exchange. Maybe it is better than the already decentralized exchanges we have like idex ?




This will only promote a lot of Dex exchanges opened for the purpose to scam just like we had too many ICOs.   :-\

I will definitely not use this, because the owner of this DEX has serious issues of lack of responsibility. he does not take seriously what he does, for him governments are always wrong, even when in many cases he is wrong. I am not a psychologist, but in my view he is creating things just to fight against governments and not in the sense of fighting for governments to self-evaluate and ponder certain points and change for the sake of society, he is simply fighting against governments to make himself feel higher to any government or person. This is typical of someone who does not listen and does not like to take responsibility.


it doesn't matter because the creator of DEX is an irresponsible guy

Most of the people here are saying that they will not use the exchange becasue they do not trust the mcafeedex owner. But we should remember that there is a big following for this person and a lot of people who follow him will definitely try and use it.
If the exchange run good, have no issues and have good volume, all of those who are opposing this exchange, will actually be using them. :)

he is 74 years old, the struggle to leave a legacy to his diminishing fans out there is going to be a battle. i doubt his antivirus which made him popular is still being used.
but you see there are people out there really is listening to this guy, they may listen to him when he shills for a coin but will not blame him for their loss. maybe they will use his dex. it never hurt to have another dex.

You are probably right, but I doubt even scammers will pay 395$ to use something like this,
when they can just use direct payment or other centralized exchanges with volume.

I doubt he's created anything of note in living memory, not that his memory goes over the five minute mark these days.

It all depends on which miscreant he recruited to make it, or more likely approached him with it already done and looking for hype.

You never know, perhaps the miscreant knows what he or she was doing. I'll let others find that out.

For sure there are people who would still make use of this DEX no matter whats the current reputation of McAfee to the entire crypto community.We cant deny that his popularity do still in the works thats why he do things that can really make him profit even he do looks dumb into other people.Now he created this Dex, there would be lots of criticism and hate but there are still people who will follow up the path and later on they realize that they already lost up some money.

Problem is ... he is only asking money from people again.
If you want to trade you need to pay one time fee (I think it is around $80 atm)
and he is also offering to sell everyone their own exchange Mclone for $395

Seems that others won't be finding out unless they're already friends with him. I can't remember what his last product launch was but when you went to the website is was even down with not enough capacity to handle traffic. That was my first impression so I'm definitely not going to try another of his products. He's not even funny anymore on social media to follow:p

that's sick lol with his way of life he sure does need a lot of money and blockchain tech is one of the sources he'd love to explore from shilling altcoins to asking fee for the listing of coins in his dex. doesn't sound like dex at all. i wonder if he reads the people here in the forum. should the teams developing DEX who also took him as advisor still seek advise to him?


yep its not funny anymore. many of us probably look up to this guy back then when he just supports BTC. but after he end up speaking for some coins that end up as shitcoin, many doubted if he can really help the project's success. 

I don't believe Macafee.I saw he tried to support many ICO and finally that turned into fail.And I am not interested to join macafee because his reputaion is so bad.Lets see how trader accept macafee dex

In other news:

https://twitter.com/officialmcafee/status/1183810862252998658?s=20


Looks like McAfee is taking it seriously by initiating this so called developers group. I'm sure there will be developers interested here because there are incentives. But it doesn't mean that crypto enthusiast will give their support to his exchanges because of his shady past and personality.

For sure many devs will come to him since there's a money involved and for sure there are still people hyped for Mcafee's since he still have supporters. But people should think twice before going on this and look for his background since Mcafee reputation is so shady and he's involved with illegal activities before.

Im not aware on this one actually but i made some search and found out that whitelisting thing of $85 of ETH
https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/dex-a-step-by-step-guide-on-how-to-use-mcafees-exchange/
This do have the sole purpose of having no fees for life? This isnt how a DEX works. LOL!

For someone who wants to be president of the USA I found it very interesting, let's see how he keeps this business. If we fail we will know how good a president he will be.

But how long Mcafee will seriously run this dex, I'm sure a lot of developer will join group because of incentives that Mcafee offer lets just wait what will happen to this dex exchange site so far this is another normal dex but I'm sure people will try this one because of Mcafee being popular in social media.

He uses up his popularity for his gains and also they do already making up some money because of that fee which had been mentioned above.
They are already asking some money before people would able to use the platform.Does it sounds ethical?

If we do just based on his failed projects then he's long time been disqualified.

What to expect with him? This dex collected funds might be use for his candidacy hahha ::) :P but kidding aside, after all those reputations
that he brought to his name inside this market, I doubt that users will take this seriously. Or, there's some scummy developers that will help
him up since benefits can be achieved if there's some poor investors that will still trust him.

Opportunist if not being careful will surely cry after. Take your call and responsibilities.

 

True, but if there are incentives, they don't really care who is behind the project, isn't it? Maybe the devs will do their best to help him improved this DEX and milk money from McAfee himself, that's how everything works in crypto, sad but true.

@dark08 - we really don't know how long will he involved himself, if it is making lots of money then for sure he will stay longer as expected.

We do not need to wait for him to fail in this DEX. He has already launched so many products since he came into crypto. He even had a wallet that supposedly was unhackable, and some kid hacked it. TWICE.

Remember he even had some kind of app that paid crypto as a gaming thing? Even that failed. He could not even pay people a few thousand satoshi. What makes us think he can make this work?

People think he's rich and prestigious, while the reality is far different---we are dealing with a drug addict that has to maintain a certain income to fill up his nose and buy whatever other garbage he now depends on.

I don't recall him having had any success in a legal way.... his most profitable (profitable for him only) job was to promote scam ICO's, where he even accepted a huge payment from an ICO to have their logo tattooed on his body.

This is totally new project. Never heard of this one. But I would like to read company white paper in order to get more details.

John McAfee always makes sensations, poor track records make the cryptocurrency community hesitate to use McAfee Dex.
As we know this person often lies, especially when discussing ICO projects. Many victims lose money due to his predictions
which are always wrong. Now he makes exchanges with promos and sweet promises. I find it difficult trust him, I personally
certainly would not use McAfee Dex too dangerous to entrust our money to McAfee Dex lest we will eventually lose our money
if we invest in these exchanges. It's better to choose exchanges that are clearly trusted and credible. We'll just see how it develops
McAfee Dex can last a long time. I doubt that.

You know what? McAfee's decentralized exchange awfully looked familiar. And then I realized that it is an EtherDelta clone. Furthermore, as I look for more ETH-based DEX, most are forks of EtherDelta, only Idex.market seems different. This lack of originality will not push for exchange adoption at all.

He has this campaign website: mcafee2020.com that says Don't Vote McAfee but the font color of "Vote" is on red.

His run for president, I don't think is really a serious act from him, he is just trying to gain attention for his own agenda.

You can actually see the whole thing on https://mcafeedex.com

his interviews getting more and more absurd

Yeah, and his interviews and statement are really out of this world. President? Nah, I don't think that he can win a nomination, and if he did I don't think that the American public will vote for him.

This is just one of his stunts, and definitely people in the crypto industries really understand his persona, and won't support his DEX. I know that  traders are slowly shifting to DEX, but there are a lot of alternatives out there who's been around in the DEX platform that can be trusted more than McAfee soon to be DEX project.

The guys from CLOAK are actively developing their DEX. (BYOB) Their CLOAK coin was delisted with Binance and Bittrex in early 2019. That's why I expect from them a retaliatory strike in the form of a powerful DEX!

I don't understand, are you telling us that the developer of McAfee Dex is the same people behind the Cloak exchange?

If true, then I don't think this could be considered as a retaliatory strike from those centralized exchange that delisted their token. They have been planning BYOB long before McAfee join this DEX platform.

https://www.cloakcoin.com/en/blog/dev-blog/dev-report-3


If not then why are you posting it here? Create another thread about CLOAK and then we can discuss it.

He simply likes it this way. He loves that he is weird. The man has a lot of hollow words to say though. But apart from that, he is very much likable in his strong support for Bitcoin, his battle against the old traditional system, his enlightening words against the government, etc. Its just that sometimes he loves exaggeration too much.

I still have not checked his DEX. I'm already satisfied with the exchanges that I am using as of this time. But I guess this man's DEX, if indeed this is his, is going to have the kind of security that the McAfee security company is offering. What kind is that depends on your experience. lol.

Not a solid thing for you to consider when it comes to that McAfee security.Do you remember about his Bitfi unhackable wallet? It did eventually failed and got hacked
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/ . So i wont really be expecting too much for this DEX to be excluded on the list.
Hence, they do even ask out whitelisting fee.

I just discovered if mcafee dex just like a copypaste dex.
It's very similar with this one https://www.switchdex.ag/#ESH-ETH

I don't know if this is a coincidence or not.

That news tells us to be a better user and not always try to follow based on his big-name (totally destroyed right now).

As far i know switchdex.ag already created before mcafeedex was born.

Its sad that some people started to use that dex :( as in time they will all get scammed in a way or another as McAfee is nothing good at besides this. Also in the first days after launch were pairs of ETH/ETH and I doubt it was a bug as I think they somehow laundering money with this platform so just stay away , use safe exchanges and safe DEX instead of this one. Besides this , many of us think is just a copy/paste of another dex , nothing unique.

This thread shows how McAfee loses his trust in the community by his past jobs, Doing some advertisement of fail ICO and collaborating with scammers is one of the most common reasons why did I think he will fail for his current project. Much of it some of the community members are finding some holes on his dex project, Cloning other exchanges and copy and pasting some parts of other exchanges make it worst.  My conclusion is no one will use his dex for the bad review he got from his old project and mostly the current one (his own dex).

That is what McAfee got and it's so shady to trust him up since for sure he will trap those people who will try to trust him since the greed of money is actually floating in his veins, and better for newbies that they should not fall for the fud given by the name since it could turn them down just what like he do to others when he gives bad  reviews for the scam projects from the past.

Serves him right! Its just normal for him to get that kind of treatment or negative view from the community because in all the things he had done.
Its just normal for people not to trust up into those things that he would propose or market out further on.We already learned and lots of investors
already burned out their money because of following on this guy. Mistakes are inevitable though but going for a 2nd time on his suggestion wont
be that possible.

I don't say that McAfee will be scamming them directly or has his mind set on doing it but think about the risk of associating your funds under McAfee's name? Authorities are always watching him and if the time comes where all of his businesses will be put into action then all his clients' funds will also be affected and they won't be able to withdraw it. With him having a decentralized exchange then for sure he will be a target on allegations involving money laundering and tax evasion or any kind of illicit activity that they will try to link to him because the authorities are already hot on his head. I would really think twice before I send my funds to an exchange associated with McAfee because the attractive fees aren't really worth it.

He losses it on how he handle himself when he entered the picture here.

And it's now evident that he is here just to make money and not because of the technology behind, his been busted with his so called twitter promotion which makes him rakes $100k a pop just for a simply tweet.

As for his projects, I don't think that it will garnered support from those old and traditional crypto traders. Yes, maybe those newbies who join late and thinks that he is really a "crypto influencer", Lol.

Seems like most of the listed tokens on mcafee dex are pump and dump, i dont like this exchange .
And another thing is  the exchange will be full of scam project till next year.

what did you expect ? almost decentralized that i visited and use do also list mostly pump and dump coins  . decentralized exchange is about tokens and altcoins so its not new to see those coins listed on here.   pump and dump coins are okay because they have thier value but scam coins ? no i dont think its possible if a coin is already listed and has a value  . scam coin means to me is if a coin dont have a value and not yet been listed   .

mcafee dex is good exchange for me because it is backed by mcafee . i think ill use it more than those ufamiliar dcentralizd exchnage that i saw