In the first part of our interview with John McAfee, we discussed various topics in-depth, such as his run for President, McAfeeDex, and his opinion on stablecoins. Today, we continue talking about the future of cryptocurrencies and the governments role in it. Mr. McAfee also told me about the story behind the upcoming film King of the Jungle. It is based on the story of the Wired reporter Joshua Davis and his three weeks with McAfee in Belize. Lets jump right into it.

WARNING: Do not attempt to duplicate, recreate, or perform the same or similar stunts or tricks with guns as personal injury and/or property damage may result. U.Today is not responsible for any such injuries or damages.

U.Today: Youre launching a new token called Epstein Didnt Kill Himself. What can you tell me about this token? Why did you call it that? Why is Hillary Clinton being advertised in the picture?

John McAfee: Okay, it's obviously a joke coin like Dogecoin. There are a couple of things with this token. I believe very strongly that Jeffrey Epstein did not kill himself. I think it's in the interest of the American people and perhaps the world to understand that we must find those responsible for it, and trace it back to those corrupt individuals in power who can do things like wack people while they're in jail. Being in jail is the easiest place to kill someone, and every gangster knows this. So, a little bit to that extent, I took advantage of the memes floating around the Internet. Jeffrey Epstein Didn't Kill Himself is a big meme. Everybody was making memes so I thought I would make my own. Mine is the WHACKD token, and with every transaction, 10% is skimmed off the top. With every 1,000 transactions, 1 receiver will lose everything - the entire transaction. It's just whacked. The coin acts as if its in a crypto environment, in which there are criminals skimming off the top. There are people whacking entire assets from someone else.

Now, what's not a joke - after we constructed this [token], I realized that we've created a truly deflationary token. I mean those who want to exchange or sell their tokens will be the losers, right? Its because the more they sell, the less volume available. What I mean is that with fewer tokens, the ones who are holding onto their supply will see that supply increase in value. It's just a great social experiment.

U.Today: So what about Hillary Clinton?

John McAfee: You know, I know nothing whatsoever about the lady. Ive never had dinner with her, nor have I shaken hands with her. So, I am not one to answer anything about her. I mean, rumors on the internet are just rumors on the internet. I mean they're sparked by God knows who, and are extinguished by the next rumor.

Image viahttp://mcafee2020.com/

U.Today: So, its just a joke?

John McAfee: Yes, it was just a joke. Of course, the whole thing is just a meme. You know, a meme looks at a particular situation from a whimsical or interesting aspect. This is what makes it funny. That's all, and so people are creating memes. This one is mine.

U.Today: Did you know Jeffrey Epstein personally?

John McAfee: No, I did not.

U.Today: What are your thoughts on Chinas digital currency - the Digital Currency Electronic Payment (DCEP)? Will the US launch a digital US Dollar in the near future?

John McAfee: I think that every country and every nation state on this planet will launch their own cryptocurrency. I mean they will be forced to do so because it is so clear that fiat currencies, paper currencies, and even credit cards are so vastly inferior in terms of safety, speed, and ease. In terms of the entire economy, cryptocurrencies are vastly superior, so governments will have to create their own. People, please be aware that all of the coins created by governments on blockchains will monitor your every penny, where it goes, and for what purpose. I mean it's just one more bar in your cage. You can seize upon the opportunities offered by cryptocurrencies, which came by way of the people, and not from the government or from corporations. Just a bunch of ordinary programmers.

I came from the people and take what the people continue to create, which will always be vastly superior to those monolithic, slow-moving dinosaur-like entities called governments. They just can't create them fast enough, but the people can. So let the people continue to create and everyone thats listening to me, please choose the digital currency created by the people. There are thousands. It may take you a little bit of learning, a couple of hours maximum, but learn and understand them. And please don't use the government cryptocurrencies even if they say you must use them. They said that we shouldnt smoke marijuana for the last 75 years. I've heard that people still smoke marijuana. So, you tell me about the difference. Please people, stick with the people, and not with the power that has been suppressing you for thousands of years.

U.Today: Okay. Do you still believe that Bitcoin (BTC) will hit its $1 million dollar mark by the end of 2020? We all remember what you were going to do if it doesnt hit that mark. What are the reasons that support your belief?

John McAfee: Because Bitcoin is another deflationary currency. No one has noticed this yet. I don't understand it. There are only 21 million [coins] that can ever exist, and 18 million [coins] have already been mined. This leaves only 3 million left, and it will take many years to mine those 3 million coins. In the meantime, 7 million coins have been lost forever, and for every coin that's mined, four are lost. Do you understand? This is the world's first automatic deflationary currency.

Since nobody seems to have noticed that, I promise you that when they do, which will be within a matter of months, people will go, Oh my God, look what we missed!

Image viahttp://mcafee2020.com/

U.Today: But why 2020?

John McAfee: Well, because 2020 is 14 months away. I mean the end of 2020. Trust me, that's plenty of time.

U.Today: Do you really know Satoshi Nakamoto? How do you know him? Can you give us some details that wont compromise Satoshis identity? Is it a man, a woman, or a group of people?

John McAfee: I do. Satoshi is a man. That's all I can tell you. Of course, I know who he is, but let me ask you a question. Everybody wants to know about Satoshi, and I was just ready to say something. I was asked not to tell anyone, and while he did not admit to me that he was Satoshi, he did say one thing, Imagine if the world knew who Satoshi was. Satoshi's life would have to change. Yes. He is certainly one of the world's richest entities. He would have to surround himself with armed guards because he would be the target of criminals, and he would have to change his way of living. He couldn't just go out in the middle of the night, down to the coffee shop, kick up his feet, light a cigarette, and have an espresso - that part of his life is over. He then said:

So, you want to radically change someone's life. What makes you think you have that right? What if you were the 1% that was wrong? You would have totally destroyed an innocent person's life whos now incapable of going to the store or a movie without hiring two dozen, full-time armed guards. Hes at the mercy of the people.

After he said that, I thought, Jesus. My sincerest apologies. I am a stupid old man for not thinking this through. So, do you want me to tell you now?

U.Today: No, please dont. Can you tell me a little about the film King of the Jungle? Did you have a particular role in this film, such as with casting or a cameo in a potential scene? Are you looking forward to this film?

John McAfee: I have nothing to do with the movie. I have nothing to do with any documentary that's been done about my life. This is not a documentary though, it is a fiction. Even though I wasn't consulted, I've been in touch with the screenwriters, as theyre really funny and enjoyable people. But I have no control over the film, nor do I know anything about the casting or anything other than what I read in the news. I find out at the same time as the rest of the world.

I do know that, uh, who is the new kid (*McAfee speaking with his wife Janice and asking her the name of the kid playing the reporter), ZacEfron. Apparently, he's an actor. I don't know as I don't get out much. I seldom watch movies. Documentaries are my thing. ZacEfron is playing the reporter that came down to visit me. It's based on a three-week in-depth story about my life in Belize, where Wired reporter Joshua Davis came down to spend a few weeks with me. I expected him to come down and spend an hour or two, or even a day interviewing me, which I was willing to do. However, he wanted to be with me all the time, or at least when he thought I was doing something interesting. Most people would have said, Oh, you crazy. But I said, All right, if you think you're up for it. Well, he was not up for it. He was literally traumatized by hanging out with me for three weeks.

Image viahttp://mcafee2020.com/

Afterwards, he went back and wrote a story for Wired. There was actually an eBook called John McAfee's Last Stand. I never read it. I mean, I was with him at the time. What can his writing tell me about the events? In the book, he put down what he thought were horrific things. For example, the cover of the ebook is certainly a well-known photo of me with no shirt, my tattoos, and a gun to my head. That's on the cover of the book. After it was all written, they got that photo by sending photographers down here because Josh is a writer, not a photographer.

That [photo] was based on his second day with me, when we were sitting in San Pedro at a big oak table. He was so naive about life. And I said Joshua! You have to understand, you can't believe anything that you hear. Only half of what you see, and this is the truth. And he said, Well, that's nonsense. That's philosophy. And I go, Hey, watch this. I always carry a gun. I pulled out a .357 Magnum revolver, emptied the rounds onto the table, showed him that it was empty, picked up one of the rounds, put it in the gun, spun the cylinder, put it to my head, and pulled the trigger. And he was screaming, No, don't! Dont! You know, he's a slightly built young man, and he's not gonna **** with me or do something because he's literally screaming, You don't have to do this! And I said, Okay. Well, I apologize.

Image viahttp://mcafee2020.com/

I then spun the cylinder again and it went click, and now he is totally ****ing frantic. While he's frantically screaming for me not to do it, I'm just sitting there spinning the cylinder while he's yelling. I must've done it 35 times. I then said, Now, Josh, watch this. So with a gun in my hand, I took him outside to the beach, aimed the gun at the sand, and pulled the trigger. Boom! Sand goes flying everywhere. Now, Josh is a writer. Any mathematician would know, You know dude, if you've got a bullet in there, there is no powder in that cartridge. I mean, any rational person would say that, and by the way Mr. McAfee, that is a great trick. With Josh, it was a no.

You just pick one up, put it in the gun, and play Russian Roulette. Any magician would have gone and said that's a good trick. Any rational person would have gone and said, That's a trick. How did you do it? But Josh being naive took it for real. So that was his second day. So for the next three weeks, I ****ed with him in ways that made that look like a kindergartener pick a card and get the wrong card.

So, what I would do if there was no imminent danger and I wanted to **** with someone, I would always take one of the rounds out of the gun, pry off the bullet, fire the cap so that there's no gunpowder and there's no firing cap now, take another bullet, insert it back in the casing and put that back in the gun. I could always spot which bullet it was because there was an indentation where the firing pin had hit the primer. So, I could dump my bullets anywhere, but no one else would have noticed the indentation. Right? They're just noticing bullets flying everywhere. You just pick one up, put it in the gun, and play Russian Roulette. Any magician would have gone and said that's a good trick. Any rational person would have gone and said, That's a trick. How did you do it? But Josh being naive took it for real. So that was his second day. So for the next three weeks, I ****ed with him in ways that made that look like a kindergartener pick a card and get the wrong card.

After three weeks of that, Josh was literally traumatized. I don't feel bad about it because I hate organized media and the way that they select stories. There are trillions of stories to be told at any point in time. And who are our storytellers today? The media. The mass media are our storytellers, and there are trillions of stories that they could write about. What do they focus on? The things which are in their interest or in the interest of their sponsors or their controllers. Now I had Josh, who was being less naive. If you are naive, then why are you in the media at all? It's people like you who should not be here. So I felt justified. I waited two days before I decided, All right, you're going to get your story, but you're going to get the story that I choose for you.

I chose the story of John McAfee's insanity, and played that story for him for three weeks. That's what the movie is about, and thats why its a comedy. But I have no control over it. I think that the screenwriters are great, but I don't know how they're going to do this. I've read the synopsis, which is about that three week period. That's the entire movie.

I chose the story of John McAfee's insanity, and played that story for him for three weeks. That's what the movie is about, and thats why its a comedy.

U.Today: Why didn't you want Johnny Depp to play you in the film?

John McAfee: I don't think Johnny Depp has experience in life. Not in acting per say, but because even to me, Im a mystery. Some people think Im more of a mystery, while others think Im insane. With todays standards, I probably am, and I'll tell you what is sane today. Sane is buying all of the propaganda that the government and the media feed you while as your commuting to work for up to an hour each way, five days a week for 40 years in a job that you may not love. Thats considered sane because that's what everybody does. So, in that world, of course, there's nobody more insane than me.

U.Today: Last question - What do you think the web will look like in 50 years from now?

John McAfee: The first thing that comes to my mind is God, I would love to be here to see it, but I will not. The second thought is that 20 years ago, I could not have predicted today, nor could anyone on this planet. I have no idea where you are, but that doesn't matter because we're talking face to face. I see your smiling face, your gestures, and your eyes blinking as if youre here. Could you have imagined this 20 years ago? No, the technology did not exist, nor did the concepts other than in Star Trek movies. Now, they're here. So I would be the last person to ask given the history and the 74 years that I've experienced on this planet. The sky is open.

Read the original:
Exclusive Interview with John McAfee: Epstein Didnt Kill Himself, Bitcoin to Hit $1 million, & Rus - U.Today

The price of bitcoin took a sudden tumblethis week to the lowest level the cryptocurrency has seen in months, falling almost 19% over the last five days.

Bitcoin was trading at $6,977 as of Friday morning, marking the first time it has traded below $7,000 since May. Even with the declines, the price of one bitcoin hasrisen by about 89% so far this year.

Compared to more traditional assets, bitcoin's bull and bear cycles can be difficult to forecast and explain. Bitcoin observers have speculated that recent price action has something to do with moves by China to crack down on illegal exchanges and to formalize the Chinese government's backing of blockchain technologies, as well as recent changes in how hard it is to createbitcoin. China plans to issue its own cryptocurrency, which could launch within the next 18 months.

Although crypto trading has been restricted in China for years, the country is home to many of the world's biggest bitcoin mining operations. And mining is a good place to look to better understand bitcoin prices, according to Michael Kazley of the asset management firm Crescent Crypto.

"Bitcoin's 'difficulty' is a measure of how likely a miner is to mine a block for a given amount of hashrate and time,"Kazley explained. "It serves to keep the network in balance, and aims to keep bitcoin's block time around 10 minutes, adjusting every two weeks,"

Kazley noted that difficulty rallied to new heights in 2018, bringing bitcoin prices along with it. But bitcoin saw a "substantial difficulty decline" two weeks ago, according to Kazley. "Today, difficulty adjusted upwards slightly, but market participants are keenly watching to see if a bearish difficulty trends continue," Kazley said.

After a slump in the latter part of last year, the price of bitcoin hovered in the $3,000 to $4,000 range throughout the early months of 2019 before skyrocketing again between March and August 2019.

"Historically, bitcoin difficulty has been more resilient than price and even managed to climb during the bulk of the 2018 bear market," Kazley said. "However, we did see a steep difficulty decline in October 2018, which coincided with a very large selloff from the $6,000s to the $3,000s in about a month's time."

Continued here:
Bitcoin Plummets Below $7,000; What's Behind Its Sudden Tumble This Week? - TheStreet.com

The Bitcoin (BTC) price has almost reached its bottom for 2019, but the threat still remains for markets to hit $4,500, according to one expert.

Well-known statistician and analyst Willy Woo delivered his analysis in a live YouTube discussion about Bitcoins future with trader Tone Vays on Nov. 20.

As BTC/USD hovers around the $8,000 support, analysts have recently turned more bearish on its short-term outlook, comparing current action to that which preceded 2018s lows of $3,100.

For Woo and Vays, this years cycle could see a drop of around 71% versus the highs of $12,800 seen several months ago.

That would put Bitcoin at $4,500 before next Mays block reward halving event, something which consensus favors as a bullish turning point for price.

Woo added that the market was still net long and that he was waiting for a short phase to trigger a reversal. Time was limited to secure further drops, he said, due to the proximity of the halving. Most weaker miners have already capitulated due to the previous downturn, reducing the desire to further weaken the market.

Regular Cointelegraph contributor filbfilb received a direct mention during the debate, thanks to the accuracy of his annual Bitcoin price outlook. For him, too, now was a time to be risk-off.

Im totally back in cash now. There doesnt seem to be obvious sign of reversal. Going to sit on the sidelines until there is more indication, he told followers of his Telegram trading channel on Wednesday.

As Cointelegraph previously reported, the popular Stock-to-Flow model for charting the Bitcoin price calls for an average BTC/USD value of $8,300 until May. After that, the trajectory is open for a giant $100,000 leap by the end of 2021.

Visit link:
Bitcoin May Hit $4,500 But Miners Have Mostly Capitulated Analysts - Cointelegraph

Bitcoin and cryptocurrency investors have been closely watching the market over the last few weeks, with November and December a historically key time for major market moves.

Last November, the bitcoin price halved from around $6,000 per bitcoin to just $3,000, while the year before November kicked off bitcoin's epic bull run to almost $20,000.

The bitcoin price has historically moved sharply towards the end of the year but there's no ... [+] guarantee 2019 will be the same.

Looking further back, November 2013 saw the bitcoin price suddenly climb from around $200 per bitcoin to over $1,000 by the middle of December.

Bitcoin traders have noticed the pattern, though have struggled to explain why the price seems inclined to move suddenly in the final couple of months of the year.

"A year ago, today was the day bitcoin started its drop from $6,000 to $3,000," one prominent bitcoin and crypto trader wrote on Twitter yesterday. "Two years ago, today was the day bitcoin started its parabolic rise from $6,700 to $20,000."

Others cautioned against making bets the market will move again this year, with bitcoin and crypto market analyst, previously of brokerage eToro, Mati Greenspan warning, "both [the 2017 and 2018 bitcoin spike and slump] were irrational and unexplainable moves that were eventually reversed by the market."

The bitcoin and cryptocurrency market has been sliding so far this November, with the bitcoin price down some 6% since the start of the month.

In October, after weeks of stagnation, the bitcoin price suddenly dropped only bounce higher again a couple of days later, leaving many bitcoin and crypto analysts scratching their heads over the exact cause of the extreme market volatility.

The bitcoin price has continued to swing wildly despite hopes the market would have calmed and ... [+] matured.

Meanwhile, technical data suggests bitcoin could be heading into rough waters, with a closely-watched chart shrinking to its narrowest since June.

The tightening of the trading range between bitcoins 50- and 200-day moving averages could trigger a sell signal, it was first reported by Bloomberg, a financial newswirewith one analyst seeing echos of last November's sell-off.

"The best way to describe the market is its retracing last years bear market," said Bloomberg Intelligence analyst Mike McGlone.

"Its in no hurry to take out the old highstheres a hangover of residual selling from the parabolic rally in 2017. Theres just a lot of people who bought it, got way too overextended, who will be responsive sellers."

See original here:
Bitcoin Could Be About To Make A Significant Move - Forbes