McAfee Dex? No!

[dkbit98]

 

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/

[o_e_l_e_o]

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.

[dkbit98]

@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

[o_e_l_e_o]

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.

[joinfree]

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.

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.     

[Theb]

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.

[Baofeng]

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.

[UserU]

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

[Bttzed03]

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 

[o_e_l_e_o]

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.

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.

[Mahanton]

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.

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.

[NeuroticFish]

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

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?

[Willitivity]

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.

[bL4nkcode]

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?

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.

[asyakashi]

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.

[nelson4lov]

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.

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.

[ePesoInitiative]

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.

[dkbit98]

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...

[NeuroticFish]

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.

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.

[Kupid002]

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.

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.