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John McAfee claims the coronavirus is being used to enforce draconian laws. Elon Musk chimes in.
John McAfee argues that the coronavirus is being used to sneak mass surveillance in.
Elon Musk agrees that democracy is being hacked.
We speak to McAfee to find out his thoughts on the subject.
ybersecurity pioneer John McAfee tweeted an ominous message about the state of politics on April 25. Today, Tesla CEO Elon Musk weighed in, approving of the message.
McAfee’s tweet read, “our democracy has been hacked.” Musk simply replied, “True.”
Both individuals have been skeptical of the global pandemic, to say the least. Musk called the panic "dumb," in early March when just 3,500 people had died. Since then, the global death toll has broken 200,000. At the same time, McAfee has repetitively questioned the validity of official statistics.
The virtual Martial law enacted to force people into their homes in many democratized countries has been used to enact laws giving extraordinary powers to governments that would be inconceivable when these democracies were originally created," McAfee said, adding, "Fear is the tool used for the ‘hacking’."
Concerns remain that these privacy imposing systems will linger after the virus has settled—leaving the world in an Orwellian state of surveillance.
McAfee, who has often spoken about protest—and even run for President just to take a stand—said those concerns should speak up.
Those who see this threat to our democracies must speak out - loudly," McAfee said. "Use your voice, use your social media, swamp your representatives with messages of your displeasure,” McAfee said. "Remember people: Silence is consent."
Since his initial comments, Musk has tried to help with coronavirus relief efforts. He has donated thousands of ventilators and masks to hospitals in the US. And his tweets on the subject have become more muted.
"He, under pressure, has backed off a bit. As for myself ... I have not backed off an inch," McAfee told Decrypt.
But then he never does.
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The crypto industry came into 2019 with very little optimism after the bear market that lingered for the most part of 2018. Looking on the bright side, a famous crypto analyst on Twitter, Josh Rager, said that now could be “the last time the general population can afford to buy an entire $BTC.”
Josh Rager is a crypto trader, investor, and an adviser to TokenBacon and BlackWave. He is also the co-founder of crypto YouTube channel BlockRoots.
Rager went on to explain this with a chart that projects the future price of Bitcoin based on its past movements. He further added that while the price may dip further in the short term, it’s likely to reach 5 figures and outside the reach of most people in a few years.
According to his projections, Bitcoin could return to a market price where most people will only be able to buy fractions of it. He suggested this could happen after 2021. He hinted that the global income per household will possibly have a part to play in making the price of 1 bitcoin out of reach for the general population. However, he hints that Bitcoin’s price may drop as low as $1,200 or $1,800 before the uptrend.
A number of other crypto analysts on Twitter agreed with Rager, who was kind enough not to vehemently dismiss any view contrary to his. The Crypto Dog, another top account on crypto Twitter, agrees that Bitcoin is poised to spike again in the future.
Economist Alex Kruger joined the conversation, signifying the lack of newcomers as a barrier to the trend suggested by Rager. While he remarked that an uptrend was “perfectly feasible,” he raised the argument that the starting point of the trend will influence the point to which it rises.
Most of the optimism about Bitcoin is based on the much-anticipated bitcoin ETF. A number of prominent Bitcoin players have expressed bullish views on BItcoin’s destination in the next few years. With the recent lightning torch event on Twitter, Bitcoin continues to build steady adoption that will hopefully be a force for the next significant uptrend.
Will this projection by Rager come true? Will it happen earlier than he suggested or later? We have to wait to find out.
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Wei Zhou, Binance CFO since September 2018, was interviewed via phone by the U.S.A business news channel CNBC.
Although the trading volume of Binance is definitely down when compared to the peaks in late 2017, they still exceed all other exchanges. Interestingly, when Zhou was asked if Binance is considering a stock listing, he said there were no plans, at least in the short term.
With regards to possible mergers and acquisitions of other firms, the answer went in the line of CZ’s best-known phrase, be careful what you wish for: “we are always on the lookout for high quality products”.
Chepicap has reported recently that Binance earnings for 2018 were around $450 million, despite CZ’s past prediction from the summer targeting profits between $500 million and $1 billion. However, all things considered, the latest bear run during the end of the year plunged prices lower than what CZ might have thought at first. Zhou ended the interview with an optimist valuation of Binance’s performance: “to date, even in this bear market, we still run a profitable business”.
Read more: CZ Binance interview: "something fishy" is going on with QuadrigaCX; Spend Card implements BNB: buy, sell and spend BNB using credit card