John McAfee will not promote ICO anymore

[DarkBullet]

Those statement and decision sounds good to me. I agree with you that it will lessen the market manipulation or the pump and dump of an altcoin. Still, I believe that there are some investors or a big fan of him ranting around with that decision and will point their finger with the government when their investment went down. Who's on our side by the way? Even governments have some decisions that caused a market manipulation 

[iconoclast]

John McAfee is one of the cryto-celebrity nowadays, as we saw few months ago. John McAfee keep promoting some ICO before and have also personal analysis about different coins before.
Now, based on his tweet: https://twitter.com/officialmcafee/status/1008957156819914752

He will not promote anymore because of SEC threats.

For my own opinion, it is good. Because it will avoid pump and dump, and the decentralization feature of cryptocurrency will remain, no one can manipulate or control the price of each coin.

Any ideas guys? It is better decision? What are your thoughts?

The SEC is determined to publicise its crack down on ICO's and someone of the stature of John McAfee would be a tempting target that would garner a lot of attention. The Chinese proverb about killing a chicken to scare the monkey's comes to mind. It will be interesting to see how all this will play out. Will they confine their efforts to US based ICO's or will they include ICO's that have recieved money from US investors. What about ICO's that were never sold to US investors during the ICO but were purchased by US investors in the secondary market. A lot of questions still to be answered.

[pazzanegro]

These sec threats are killing ICO projects but nowadays most of them are scam, fooling people. I don't think McAfee is a bad person, but all of people are greedy so thats the right choice

[shinratensei_]

John McAfee is one of the cryto-celebrity nowadays, as we saw few months ago. John McAfee keep promoting some ICO before and have also personal analysis about different coins before.
Now, based on his tweet: https://twitter.com/officialmcafee/status/1008957156819914752

He will not promote anymore because of SEC threats.

For my own opinion, it is good. Because it will avoid pump and dump, and the decentralization feature of cryptocurrency will remain, no one can manipulate or control the price of each coin.

Any ideas guys? It is better decision? What are your thoughts?

The SEC is determined to publicise its crack down on ICO's and someone of the stature of John McAfee would be a tempting target that would garner a lot of attention. The Chinese proverb about killing a chicken to scare the monkey's comes to mind. It will be interesting to see how all this will play out. Will they confine their efforts to US based ICO's or will they include ICO's that have recieved money from US investors. What about ICO's that were never sold to US investors during the ICO but were purchased by US investors in the secondary market. A lot of questions still to be answered.

All of the results depend on the SEC compliance. If the ico never try to sold their shares to the US investors and US investors have bought them from the exchange site or any other 3rd party and if the token can't complete all of the SEC compliances and it can be considered as security too. There are some US icos have been cracked down by SEC.

[zubrr51]

McAfee can have real health problems if he fulfills his promise in the absence of growth of bitcoin to high figures.

[kl8847]

Well this is so bad, because this was the only guy who I would listen in my choosing of ICO to invest in he was promoting Docademic so good it was a great ICO that we can face recently

[JungleBadman]

The USA is stuck in the atone age as far as ICOs go and when all the block chain start ups avoid the USA like the plague, I wonder if they will begin to relax their policy then...

At the end of the day, even if McAfee can somehow see the future and the SEC are going to arrest people involved in ICOs, it will only affect Americans.

[pitiflin]

Any ideas guys? It is better decision? What are your thoughts? [/size]

Do you honestly think that McAfee would stop recommding ICOs? Also do look at what he said, he is writing an article for an alternative that the SEC won't touch. Sure, that won't trigger pump and dump right? Dude, pump and dump, alongside with ICO recommendations are the only reason why McAfee became filthy rich. Obviously he is going to go behind the SEC and do some shit. This is not good,this might even worsen things up.

[Transformbitz]

Any ideas guys? It is better decision? What are your thoughts? [/size]

Do you honestly think that McAfee would stop recommding ICOs? Also do look at what he said, he is writing an article for an alternative that the SEC won't touch. Sure, that won't trigger pump and dump right? Dude, pump and dump, alongside with ICO recommendations are the only reason why McAfee became filthy rich. Obviously he is going to go behind the SEC and do some shit. This is not good,this might even worsen things up.

I don't think so maybe in the future he will promote ICO again, but for now he will not promote anything coz it's on the compliance of U.S SEC however if they change rules and lift the ban of ICO it's going to be different. I hope U.S SEC will change their mind.

[cryptoking33]

This is serious, for John McAfee to have made such a statement about SEC openly I wonder what is going to happened next in the crypto space. I just pray that something positive should follow not something negative.

[gabagandalf]

i have not heard on mcafee either way. but i still think it's good for him to stop.

[unpack]

Mm, there was a quite certainty when McAfee supported some ICO that it will go up and over ICO price, I followed him and his advice, that's a bad news to read this.

[UAE Seasider]

Good riddance I say, I really don't like these so-called celebrity ICO promoters basically shilling one project after the next for cash. I have never yet invested in any project based on his recommendations I would rather do my own research. The US has been non-friendly towards ICO for quite some time so this is nothing new.

[liangzi123]

I think he is right to do this. Because ordinary people just want to obtain short-term profits, and its recommendation is recognition of cryptocurrency, he sees the future, so the two goals are inconsistent, but the market is down, naturally many people are not happy.

[Sarisang]

actually relying on a figure who has a name in promoting the ICO is great for shared marketing. However, it seems he received a warning for what she did. either there is a problem what is certainly no one knows. but the obvious, if it is sustainable, will certainly lift ICO.

[blockchainmarketus]

If he stop promote ICO, my opinion is a good thing. People will do more careful research about the project they are about to invest other than just buy the ICO based on his name.

Remember the time with bot auto buy the coin of his tweet, and many of his recommended coins just go no where.

It has no problem with ICOs of the other projects. As long as the project is not fake, do ICO I support developers. If they can do ICO , they;d better move their office to free land like in Africa or other countries that need no SeC or KYC. It is easier to invest without KYC. KYC is and SeC is actually prevent our finacial freedom.

[Leonard2016]

this guy is like a poison mushroom for crypto world , help manipulations and Pump , dumps , he got influences in the market only coz he is rich not because he is a good asset for the market!
I'm happy to hear that news and would be happier is i see he is in jail for promoting Scam ICOs!

[masterrex]

John McAfee is one of the cryto-celebrity nowadays, as we saw few months ago. John McAfee keep promoting some ICO before and have also personal analysis about different coins before.
Now, based on his tweet: https://twitter.com/officialmcafee/status/1008957156819914752

He will not promote anymore because of SEC threats.

For my own opinion, it is good. Because it will avoid pump and dump, and the decentralization feature of cryptocurrency will remain, no one can manipulate or control the price of each coin.

Any ideas guys? It is better decision? What are your thoughts?

For Me I don't Care what He say John mcAfee is just made millions of dollars from the previous ICO that he was promoting, thats why he is Fined now! I think regulation is the key in doing ICO and must adhere the Law before doing any CrowdFunding activities, and even US base startups still doing and ICO/ITO  as long as it was comply all U.S SEC requirements . in my own perspective US is not the World. U.S SEC has no power in other territories so why Spread the FUD and nuts. about this

[Cryptoguru274]

Something might be happening some where that we cannot say for now because for John McAfee to suddenly raise this kind of alarm about SEC after all the hype about ICOs, I think something would happened soon. Let us watch out!

[h4run]

Did the ICO's he promoted were good projects? is he was analyzing everything or just promoting?