The future of cryptocurrencies spurs a lot of questions and speculations. For the speculators and the ones who worry about the stability of cryptocurrencies, if the virtual currencies will persist or fade away, John McAfee, the major crypto enthusiast, has got something to say that will assure the crypto enthusiasts and traders. He is of the opinion that the digital currencies are here to stay and urged the world of cryptocurrencies to stay put and not to get “fooled”.
The founder of McAfee Associates didn’t just drop a few words of comfort for the current crypto market or asked them to put their faith in his words. He has asked the crypto practitioners to take a “closer” look at the “ungluing” of the hierarchical system of the centralized organizations like governments, banks and financial organizations.
John McAfee indicates decentralization will help cryptocurrencies
The statement of McAfee came through a tweet, in which he said: “You think the future of crypto is disappearing? Don’t be fooled. The certainty of Crypto’s ultimate supremacy is plain. Just look closer, at the subtle movements within governments, banks and financial institutions. The ungluing of the existing hierarchical system has begun.”
You think the future of crypto is disappearing? Dont be fooled. The certainty of Crypto’s ultimate supremacy is plain. Just look closer, at the subtle movements within governments, banks and financial institutions. The ungluing of the existing heirrarchical system has begun. pic.twitter.com/xFcxwdSMU3
— John McAfee (@officialmcafee) August 24, 2018
If the centralized organizations break down to become decentralized bodies, it will be a big aid to cryptocurrencies. Decentralized exchanges and organizations offer a lot more security than the centralized ones as hacking is less prevalent in the former ones. Among the other facilities, the decentralized bodies have got to offer are privacy and freedom from government’s laws.
Also, the peer-to-peer trading will be boosted and the coin responsibility will solely lie in the hands of the traders and won’t be with any third-party organization or individual.
Image via Wikimedia Commons
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