Bitcoin Forum

John McAfee Will Stop ICO Promotion Services - The cybersecurity pioneer and eccentric digital currency advocate John McAfee, who has long been a digital token promoter has revealed today that he will not promote ICO anymore because of the perceived "threat" of the Securities and Exchange Commission. Mcafee revealed this through social media on his Twitter hand.

maybe that's not the only reason john mcafee to stop promoting ico because it's risking his reputation and not all the ico being promoted succeeds because some are failing or slow to develop.

What reputation? His reputation as a scammer and con-artist?

More likely he's just made enough money for now - he was charging $105,000 per tweet. No doubt he'll be back with another shady as hell scheme in a few months when the money runs out again.

You are right, as this is only business and money. I think if mCafee get a higher offer and payment, then he will come back and want to promote ico again.

It's funny like he tries to be all badass and stuff with all the guns at this place, but at the same time he's afraid af of the sec...

Before there were too many crypto enthusiasts that are looking up to him but with his past actions of being a shill, only few believes him now.

There's no reputation that he is longer protecting, it's totally destroyed although there's still hope for him if his prediction about $1,000,000 will happen but no one's believing him with that.

SEC is starting to say all ICOs are securities. But what if a platform is already built and the token is full utility from the beginning?

Most likely this would be the case. We dont know on whats behind on that mask on such reasoning of that dumb ass but rest assured he do already make some serious amounts on crypto-field. I didnt know that he do charge up too much with just promoting or per tweet. Mcafee is famous but int the field of traditional assets and stocks thats why he do made impact when he chill out things. For now he must rest because no one do really believe in him anymore and SEC was just a pure alibi.

Nice to hear that McAfee finally stops with that,  because I think a lot of these promotions were just fake and he got paid for these promotions in the past.. I don't like people who promote project for money, because a lot of people buy in because of that and in the end they lose money..

Most ICOs scam the newbies in the market and john mcafee promotes those ICOs not to give you a profitable ico but to take your money and sometimes to make profit from the ico itself.

I think now that he is no longer a good adviser or support ICO, many of the ICO that he supports turned out to be funding less investor interest

I don't know why would anyone pay $100k for his shilling in the first place, I never thought of him as a reputable guy, I would be cautious buying in into his projects. He made his $1M or balls prediction only to become more recognizable in the crypto space, it is not backed by anything. Nobody would talk about him if there were no absurd predictions.

Some nerves to say that he will eat his own thing on national tv or some showy badass things then suddenly he got scared by the SEC for promoting ICO? any links for this thing? he is actually a paid promoter loss for his great earnings each tweet and ads, P&D groups would probably get pissed because they are not getting any tokens to shill from John McAfee.

McAfee is just a big media figure. In theory, his place can take any famous person, somehow connected with the world of cryptocurrencies. There would be a desire and people who will prompt him some good, profitable projects, guaranteed to take profit.

OK. he is finally gone. and I hope he does not come back. he writes only garbage and gets thousands of dollars. Such people are disgusting

I think it is a good decision and most of the icos that he promoted were the ones that he got paid to promote so i think it was somewhat unfair and unethical, for a guy of such statute like Mcafee we do expect him to Be unbiased and neutral always.

But do expect him to bounce back in some other form of schilling/scheming once the heat in the kitchen dies down.

That is good because he will likely save himself tons of fines by making that statement and or jail time. He is a smart guy despite what everybody thinks, and he is protecting his own bacon by making this move.

So what if he's going to stop his service to make that much money by advertising a random coin/project?

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He's too rich and he shouldn't let himself get involve with this thing anymore after losing his credibility.

I think this is the right decision, because he is worried about its freedom. I think that his team is not always can check the ico quality for 101%.

I think he should do that long time ago cause there are nobody believe this guy anymore after they lost their money by investing in TRX for longterm. LOL. IMO I think he's just a liar try to do everything to be able to get money while they're making so many other guys lose their money because of his promotions :)

Thank god last time I heard he was getting paid over 100k just to promote an ICO.  This guy has been shown to be a constant lier and will do almost anything for money.

Good to know it :). This liar should stop promoting for ICO project and cryptocurrency cause he's going to live on TV to eat his own dick :). Because there are no way that Bitcoin can reach to millions dollar in 2020 although it's the king of this world :). I think so many guys will be really happy when they know this news. LOL

Thank you, SEC, for getting rid of this guy...for the time being.

To be fair, even though we all know that he's just a clown, the guy does have a reputation outside the cryptocurrency world, he probably found out the whole shilling shitcoin service wasn't doing any good to his business so he decided to call it a day.

yeah you right mate John McAfee looks likes an politician moves sorry to tell but he on the side which where they can good for him, to cover their reputation, and i do not believe him for their statement since i was follow their because its over reacting, like bitcoin hit upto 40,000 usd i think need to become reality not over reacting.

John McAfee's like a wolf in sheep's clothing, threats are just excuses all of which have been carefully planned before and are now a devastating blow to reputation, and the credibility of a John McAfee.

i doubt he will stop i mean he just change a course in his business so why not let him run his business in peace i dont know

People are realising that the coins he supports are paid tweets rather than actual support. He probably hasn't even read the whitepapers, just shilling what they pay him to say. Bad for his credibility as we can't take him seriously any more.

Probably many people have lost money because of investing in the ICO's that he recommended. Anyway, it's good that people realized that he promoted the ICO's just for money, and he didn't really believe in them. Let's hope that he doesn't come back in the future with the ICO promotion services.

Finally he comes to his senses. While I agree to the ICOs that he is promoting but with his popularity in the crypto world, the project will not be known for its actual project it self but more on an ICO that was promoted by John McAfee. We would rather see a project to be known organically not artificially because it was endorsed by a known figure like John McAfee. Road map and actual project plan will just come in 2nd place, it should be the other way around.

To be fair tho, people also were at fault. Short pumps only happened because every idiot was buying the coin he promoted, they even had bots ready to buy anything, that's why when he got hacked those idiots got rekt and pumped retarded coins.

glad to hear this feel the guy was shilling stuff left and right not good when you have that kind of pull as a person.

It's still good marketing if you think that he has millions of followers and quite many who follow his recommendations, I think McAfee calculated himself that it costs his clients 17cents to reach out to his followers so it's not such a bad deal

I think there will be so many investors and traders need to find out new way to get news about cryptocurrency when John McAfee decided to stop promoting for ICO project cause as I know there are so many guys still follow all ICO projects and cryptocurrencies that John McAfee Tweet about on Twitter :)

This is what happen when greed controls you, so many baseless advertisement and speculation coming from this guy and now he is facing consequences for that move. I hope SEC will continue to make threat to anyone who will hype the market again and in the end it turns to a scam.

It's not clear why he is treated so badly. A man did business, earned money, promote projects. Yes, not very successfully, and someone was losing money, but he did not force anyone to invest. For example, I, do not care what he advertises. I think that in people says envy. How much should cost his tweet ? 50 dollars? If you want to invest, think by your own head, to not blame somebody else after.

He's scared with SEC's threat so he's stopping to do it. But is there anyway to know what exactly that threat given to him?
SEC knows something better to protect people from scams so that can be related to it but still there's no exact words on what it really is.

Perhaps this is due to the fact that not all the ICO he promoted were successful and that's why McAfee decided to stay on the sidelines (until the ICO becomes more responsive to its activities)

i think McAfee promotion is no longer important again, may be he knows that is boring and do not have valuable again,,good decision for him

Whatever the real reason, it is better for investors that he will not pump any bad ICOs for money. Many of his past recommended ICOs have performed very bad so best to do your own research that trust someone's word.

I dont fucking blame him, regarding SEC and ICO's he is the canary in the coal mine. Soon we will see the end of ICO's, or at least a huge reduction in them as the SEC tighten their grip on the crypto sphere. As for me, Im steering clear of ICO's, except HOWY coin hahaha

The government nailed John McAfee to stop. This is bad because with these we can see that government can control or manipulate an entity. I do hope that more and more people will switch and use the block chain technology until the time that government needs to accept it. The truth is government does not like the block-chain technology or bitcoin.

He deserve it. He is sucking money from people who dont know what crypto is and put it in shitcoin which can pay him and this thing is not good and healthy for a whole crypto space. Crypto currencies can lose people trust if he did not shutdown his service which in my opinion is shilly services. 1 tweet for $100k and the coin or token is not proven to be strong and usefull like ethereum and other top 5 crypto.

He was asking a little too much to promote a project @ $100,000 for a simple tweet regardless of the SEC's position which is still unclear

Instead a proper review should have been submitted through a credible ratings site or high profile blog

Real investors wouldn't have followed Mcafee picks randomly like most idiots. The problem, as I said before, was the people that were following his picks, not his picks. If no one bought anything we wouldn't have any problems, let idiots pump and dump coins.

Since this thread is about McAfee. Have you heard about this news?
John McAfee Claims to have Survived an Assassination Attempt (https://altcoinbuzz.io/john-mcafee-claims-to-have-survived-an-assassination-attempt/)

Yeah this seems the most valid and logical reason here , because in past he promoted many icos and worked as advisor in many project , in docademic i think he hold big part of supply and project raised funds less than hardcap still it is x10 of ico price within few weeks after ico end . so many accusations were put on him . also a ICO named pink taxi got some allegation , that was also promoted by him .

well we can only speculate , only he knows the exact reason .

Well there was a time when john mcafee was making a lot more sense before he was recommending weak coins and making dick eating predictions. Many people lost money with his tweets for icos that ended up trash, no wonder he's getting death threats

Personally I see it this way. When all the noise and screaming that all the end of cryptocurrency and bitcoin, then now is the best time to buy coins and join the ICO. About McAfee, he's a regular media man, nothing more. He was paid, he said he was stopped, he said it was all over. Just a regular news bullet.

In general, I think that McAfee made a logical choice because the majority of ICO is not profitable for investment (maybe 80%). Moreover, in this field, there are many scammers and unfortunately, the number of those cheaters is in high, especially in the last period, that's why many avoid choosing ICO for investment due to their fear of not earning money or because of the possibility of being a scam ICO, and the majority of them choose the cryptocurrencies (who exist on the market) for trading because simply, the profit in that field is guaranteed better than ICO's.
On the other hand, I advise everyone to avoid the information of the whales or capitalists ( like, McAfee ) because they can manipulate the user sof cryptocurrencies through some fake news or predictions in order to achieve their goals.

Its not the ICO promotion is what he must stop,instead STOP OPENING HIS MOUTH because all things comeout from his mouth has nothing to give our community here but false messages that only favors him and dont help others.

He has no reputation to risk and he dont even deserved to be given with even a glimpse

Now we need to stop the greed and find the right behavior for the market. Perhaps it was as productive as it is now for the market, but then you do good.

Probably for the best,

All he used to do was promote coins he had invested a load into, and then sell when it had been pumped, Verge was the best example of this.

Its a shame that youtubers also do this, those with 100k+ subs will promote coins they have just bought, and then sell as the price increases.

mc afee is just a hype person.. ahhaha.. his reputation is ruined by his greedy attitude  ;D ;D ;D..

Haha I agree with you, this should be an example that an attitude like him only causes bankruptcy.
I would rather ignore him. for me he is just bullshit