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John McAfee slams ‘stone age’ Peter Brandt over altcoin comments

Scott Thompson
Cyber security pioneer and 2020 US Presidential candidate John McAfee has ridiculed Donald Trump's recent tweets about Bitcoin and the crypto space in general. My response to Donald Trump regarding his "Dislike of Cryptocurrency" tweet. pic.twitter.com/TkaPPqULQC -- John McAfee (@officialmcafee) July 12, 2019 Taking issue with the US President's claim that cryptocurrencies could be used by criminal organisations, McAfee states that the telephone "created a brand new America, it changed people's lives, including criminals. They could use the telephone for criminal activities nationwide." Prior to the invention of the automobile, meanwhile, bank robberies were rare and unsuccessful. "The getaway car created a tenfold increase in bank robberies. The internet has resulted in international criminal organisations that can meet clandestinely andThe post 'Please, sir, get a clue': John McAfee mocks Donald Trump's crypto claims appeared first on Coin Rivet.

Cyber security pioneer and crypto advocate John McAfee has called out Bitcoin bull Peter Brandt on Twitter after the latter made some disparaging comments about altcoins.

says altcoins are done. His knowledge is stone age,” he tweeted. “Bitcoin will forever be a store of value, but each transaction allows both parties to see inside their wallets ever after. If banks did this you would scream. Privacy coins don’t have this flaw. Just one example”.

Earlier this week, Brandt encouraged investors not to panic as Bitcoin’s price dropped. “Just because we had a one or two-day correction, that really doesn’t mean anything. You can go back in the Bitcoin history and find out all kinds of 30 to 50% corrections within a bull trend. So I think this thing will work itself out,” he said.

We’re dealing with “a market like no other”, he added. “If you can’t ride what you own to zero, then you own too much.”

He also compared the altcoin market to the dotcom bubble and argued that Bitcoin’s recent strong rallies won’t be replicated by other cryptocurrencies.

Altcoins will rebound

When one of McAfee’s Twitter followers said that he had a lot of respect for Brandt and noted that “not all alts are gone but most have lost 95%+,” the former replied: “Of course they have. They suffered the same bear market as Bitcoin. They were just hit harder. When they rebound they will increase manifold faster than Bitcoin”.

The post John McAfee slams ‘stone age’ Peter Brandt over altcoin comments appeared first on Coin Rivet.