Bitcoin Forum

Just saw this video on Youtube: https://www.youtube.com/watch?v=yhJXIOEbvKY

I'm not a fan of the guy, and think his BTC price predictions is way too bullish, but he makes some interesting points in this video, explaining how you can't shut down DEX's, talking about governments and how the IRS wont be able to tax people who makes use of these.

I got goosebumps from just listening to this, and hope my speculations pay off. I'm accumulating projects like: Blocknet, Stakenet, Komodo, and a few others. If these projects takes off and get mass adoption, you could make a hefty amount of profit from the trading fees alone.

I figure a lot of wealthy people wants to get in on this eventually, as we saw in the past with the "Panama Leakage". The wealthy and powerful elites out there would LOVE to use this.

Thoughts?  8)

I would not be surprised to see that because mcafee even said the bullish prediction for scam token just like dent. if you are talking about the possibility of the dex to be shut down by the government and then what about etherdelta and idex's case?
Maybe IRS won't able to do that but yes for SEC. As far as i know what will be launched by komodo is a swap service. How much fees will be got by the platform depends on how much liquidity of the platform itself.


It's too early for dex to be like that,

You need to learn and understand what a TRUE DEX actually is.
"IDEX" enforced KYC on it's users, which means it's NOT a DEX at all. A real DEX doesn't use "Accounts". You don't need to signup to use it either. No personal details is needed, can be accessed from anywhere. You CAN'T shut down a DEX, it's the same as shutting down the internet, good luck with that.

McAfee has remain both controversial, eccentric, influential and likewise essential to the crypto space but i dont belong to the school of thought that dex exchanges are doing better and will comtrol the cryptocurrency space with this looming regulation. The effect is already telling on exchanges like IDEX and Binance Dex which are now not really DEXs

I really don't know why anybody pays any attention to what John McAfee says. The guy was (still is?) an expert in internet security back in the late 90's, now he's a shill.

The only thing that comes out of his mouth these days are him trying to shill his McAfeeDEX or one of the various other projects he advises.

Nearly everything he says is BS, I wouldn't pay him any attention.

And come to think of it, how much money is McAfee being paid just to be a speaker of some certain blockchain conference? And he just spewing total BS but still the audience is at awe and thinks that he has knowledge, Lol. Let's see how his McAfeeDEX will go along, because majority of crypto enthusiast doesn't like it because of his history, and with that said, I will not support or even dare to try it. Would day stay with my favourite DEX here and be comfortable.

I watched it. In fairness the explanation is awesome but I can still feel the shilling when he somehow speaks. DEX cant br shutdown? I dont think so, have you heard the news before about etherdelta paying some money to SEC for some violations? Clearly the authority can shut down any business that dont comply with their regulations. He is defending DEX now cause of his just opened up new Dex. Clearly the goal is to gain sympathy.

Indeed many advantages to DEX and we know that, but I assume that McAfee has indirectly promoted its own DEX and wants DEX to be used more by the community, specifically McAfeeDEX  ::)

He know crypto. HE knew it 3-5 years ago I fist heard talk about. His problem is that he have low morals. So you have no ideas when he is lying or not. So today he talks like this tomorrow will want to sell you one shitcoin with same granpa voice.

Pure dex doesn't use accounts but pure dex still created by people. I can't deny that the DEX will never exist if there will be no someone who has built it. The dex can't be shut down because the smartcontract is not possible to be shut down because this is the central part of the dex itself that connected to the blockchain runs by a lot of people. The main concern should be on the regulator pressure to the creator of the DEX. That's the only way to shutdown DEX.


So many times, the regulation pressure has already used to attack the creator or owner. That is the only way to shutdown the DEX while there is a lot of possibilities if the dex can be online again through use another site. To access DEX, the user needs a website and when it is shutdown and the users can't access the smartcontract without the website as UI.

Careful guys, John McAfee is a paid shill. He no longer has a reputation as a cybersecurity expert, perhaps because of too much drug. lol

I think he wanted to shill his McAfee DEX in this presentation. Well, if he argues about BTC is difficult to shut down, then he might be right. But keep in mind that no other chains achieve BTC level of decentralization. With only less than maybe 10 or 100 nodes, the government could easily seize McAfee DEX.

i don't really find anything this guy says to have any kind of value whatsoever because it does not matter what he says, the only thing that matters to me is WHY he says it. you mentioned his bitcoin price predictions and the fact that you think he is too bullish, but he isn't bullish he is bullshit. all he said ever about bitcoin price has been to advertise himself and gain some popularity that he could later on use to make money by scamming people!
and he is doing it again too. he first starts by playing on people's emotions and say what they want to hear (eg. bitcoin to the moon) and then feeds them his crap such as advertising shitcoins that he wants pumped, ICO scams,...

Simply too optimistic speech in my opinion, as you said his prediction is too bullish and the way he talk about avoiding tax as if it is nothing and the government will be fine by letting you avoiding taxes I mean i just cant imagine it will be that easy.
Yes, the wealthy people are always trying to find a hole within the taxing system however there is reason why they still pay taxes until now and one of them is to live peacefully not being treated as a criminal. You just dont outright believe what this man is saying.

When I'm still quite new to cryptocurrencies, I've heard his words a lot of times and I'm very optimistic upon hearing his words but it all changed base on his actions.

You may see to be enthusiastic when you have heard his words but don't be too comfortable with him.

He might have spoken well according to you and you were really moved; one thing I have learnt overtime is to pay deaf ear to anything or anyone predicting the price of any coin be it Bitcoin or otherwise. This is because, overtime the reverse has always been the case. Now about this guy, he has said many things which never happened so why listening to him now? Better to be okay with reality than getting hopes high based on his words.

He did make some vaild points but personally with his reputation with coin schemes that dump massively after he promotes them, I tend to not take his opinions too seriously. Personally, I think his price predictions are just too unrealistic given the time frame. Just like most of the people within the cryptocurrency space that bear the tag of 'influencers', they are in it for the money.

A real DEX cannot be shut down, since it's owned by nobody. It's run by users, not any company. Even if some government tries to force down the DEX, or ban it, they wont be able to. ;)

Remember the Panama leakage? If you haven't heard of it, it was basically confidential papers belonging to celebs/football players/NBA Players etc. etc.. BILLIONS of dollars stored illegally in tax havens to avoid paying taxes.
Crypto makes it SO much easier for these guys to access their money! No longer do they need to fly down to these Islands to manange  their money, they can send MILLIONS of dollars through DEX's without anyone knowing.

You need to look at the bigger picture here man

You are completely right, I laugh at the news that there is a new decentralized exchange on which you must pass verification in order to use it, because the meaning of decentralization is anonymity, and I have also seen cases where user accounts on decentralized exchanges were blocked by the owner of the exchange. I think that over time, decentralization will not remain at all due to such tricks of the government towards cryptocurrency and the blockchain as a whole.

I'm not agree with you! I believe that it is necessary to do less decentralization, since due to the fact that there is decentralization, cryptocurrency does not develop on a national scale. After all, the government of large countries is afraid of cryptocurrency like fire and is trying by all means to regulate it. If there is less decentralization, there will be less regulation problems. So, on the one hand, you are right, but on the other, not. So I'm glad that there are dex exchanges that do not have 100% decentralization.

You're clearly missing the bigger picture here dude. Cryptocurrencies was invented to give power back to the people. Centralized solutions benefits those who run it, and not the people per say.
Adoption is happening, and quicker than I had ever imagined.
Did you know you can get paid your salary in BTC in New Zealand? Or that 25,000 stores in France is gonna accept BTC by next year?
Adoption is happening, and fast