JOHN MCAFEE'S SPEECH ABOUT GOVERNMENT TAXES, BANKS, CORRUPTION, AND CRYPTOCURRENCY
https://youtu.be/sYaim16f3qw
THE
BLOCKCHAIN IS THE FIRST WORLD CHANGING TECHNOLOGY IN THE PAST 100
YEARS, THAT DID NOT COME FROM THE BOWLS OF A SECRET GOVERNMENT
DEVELOPMENT. DIDN'T COME FROM THE CIA , DID NOT COME FORM SAMSUNG OR
APPLE OR IBM. IT CAME FROM ORDINARY PROGRAMMERS. ORDINARY PEOPLE, AND
IT'S BEEN WITH US FOR ALMOST 10 YEARS. IT HAS BECOME PART OF THE PEOPLE.
GOVERNMENTS
ARE JUST NOW STARTING TO SEE THE BLOCK CHAIN AND CRYPTOCURRENCY AS A
OPPORTUNITY OR THREAT OR SOMETHING TO FEAR, AND IT IS ALL OF THOSE ALL
THREE.
THE OPPORTUNITY IS LIKE WITH FACEBOOK LIBRA TO
SAY WE HAVE CREATED SOMETHING THAT EMPOWERS THE PEOPLE, WELL THAT'S
BULLSHIT. IT DOESN'T EMPOWER ANYBODY EXCEPT FACEBOOK. BECAUSE EVERYTHING
YOU DO NOW WILL BE MONITORED FINANCIALLY, NOT JUST WHAT YOU ARE BUYING.
NOT JUST THE PEOPLE YOU ARE TALKING TO, WHO YOUR FRIENDS ARE, THAT'S ALREADY MONITORED, NO EVERYTHING THAT YOU DO FINANCIALLY.
IS THIS IN THE PEOPLE'S INTEREST?
YOU KNOW THE ANSWER TO THIS.
WE ARE RAPIDLY A APPROACHING AN ERA WHERE PEOPLE VERSUS GOVERNMENT BECOMES A WORLD WIDE PHENOMENON.
WHY WOULD GOVERNMENT FEAR THE BLOCK CHAIN AND CRYPTOCURRENCY.
IT'S
BECAUSE WITH THE ADVENT OF PRIVACY COINS LIKE MONERO AND DOZENS OF
OTHERS AND THE ADVENT OF DISTRIBUTED EXCHANGES WHICH ARE JUST NOW
BECOMING REAL, THEN GOVERNMENTS CAN NEITHER MONITOR OR CONTROL WHAT IS
HAPPENING IN YOUR FINANCIAL LIFE. IF YOU ARE USING A PRIVACY COIN
LIKE
"MONERO" AND A DISTRIBUTED EXCHANGE LIKE THE MCAFEE DEX WHICH JUST CAME
OUT TWO WEEKS AGO, WE ARE IN BETA BY THE WAY, IT'S NOT REAL. I MEAN
IT'S REAL BUT NOT FUNCTIONAL.
IN SIX MONTH IT WILL BE THE
EQUIVALENT OF FINANCE ON A DISTRIBUTED AND DECENTRALIZED BASIS. NOW WE
BUILD OURS ON THE ETHEREUM BLOCKCHAIN AND WE ILL BE DOING IT ON OTHER
BLOCKCHAINS AS WELL SO THAT YOU CAN'T SHUT IT DOWN, IT'S THERE. WHAT IS
THE BLOCKCHAIN AN IMMUTABLE RECORD OF WHAT'S HAPPENED, NOW WHAT HAPPENED
IS WE PUT A BUNCH OF SMART CONTRACTS ON IT, THAT WILL ALLOW DISTRIBUTED
EXCHANGES TO BE REAL.
SO WHEN THE FCC OR THE IRS COMES TO ME AND SAYS WHAT HAVE YOU DONE.
I
AM GONNA GO, OH GOD I AM SORRY, I NEVER THOUGHT THAT YOU MIGHT WANT TO
SEE WHAT'S HAPPENING I MADE A MISTAKE, BUT IT CAN'T BE CHANGED, CAN'T
NOT NE ALTERED, CAN'T BE CONTROLLED, CAN NEVER BE SHUT DOWN.
SO THIS SCARES GOVERNMENTS. WHY?
IF
THEY DO NOT KNOW WHERE YOUR INCOME IS COMING FROM, AND WHAT YOU ARE
SPENDING, THEN THEY CANNOT COLLECT INCOME TAXES, WHICH IS THE LARGEST
SINGLE REVENUE SOURCE FOR ALMOST EVERY GOVERNMENT.
NOW IN MY MIND
INCOME TAXES AT LEAST IN AMERICA ARE ILLEGAL. THEY ARE UNCONSTITUTIONAL
AND UNTIL 1913, WE DIDN'T HAVE THEM, NEVERTHELESS TODAY INCOME TAXES
ARE THE MAJORITY OF THE UNITED STATES REVENUE SOURCE.
NOW, IF YOU BELIEVE THAT PEOPLE ARE GOING TO BE HONEST? AND
IF THEY EARNED A HUNDRED THOUSAND THREE HUNDRED AND TWENTY TWO DOLLARS
, THAT THEY ARE GOING TO SAY SO WHEN THEIR TAX RETURNS. KNOWING THAT
THE GOVERNMENT DOESN'T KNOW. THERE IS NO WAY FOR THE GOVERNMENT TO FIND
OUT. BUT YES I AM GOING TO BE HONEST AND TELL YOU.
YOU KNOW THAT IS A LIE.
PEOPLE
ARE NOT THIS WAY , THEY DON'T ACT IN THIS FASHION. IF THEY CAN GET AWAY
WITH SOMETHING AND NO THEY CAN'T BE CAUGHT THEN WELL,, THEY ARE NOT
GOING TO PAY TAXES.
THIS FRIGHTENS GOVERNMENTS, BUT
UNFORTUNATELY ITS LIKE PANDORA'S BOX, THE BLOCK CHAIN AND CRYPTOCURRENCY
IS OUT OF THAT BOX, AND IT WILL NEVER BE PUT BACK IN.
SO WHAT ARE GOVERNMENTS DOING OR CORPORATIONS OR REGULATORY AGENCIES CONTEMPLATING OR BUILDING THEIR OWN CRYPTOCURRENCY LIKE CHINA, OR CORPORATIONS LIKE FACEBOOK WHY?
THINKING
THAT IF THEY PROMOTE THIS PROPERLY LIKE FACEBOOK'S EMPOWERING THE
PEOPLE OF THEIR BULLSHIT. CONTROLLING THE PEOPLE, THAT IS WHAT THEY ARE
TALKING ABOUT.
AND AS GOVERNMENTS COME OUT WITH THEIR OWN
CRYPTOCURRENCIES, THE CRYPTO DOLLAR, THE CRYPTO EURO, THE CRYPTO POUND,
THEY WILL BE SAYING THE SAME THING, WE ARE EMPOWERING YOU MAKING YOUR
LIFE EASIER, WHEN ARE THEY REALLY DOING MONITORING CONTROLLING, AND
GETTING DEEPER ACCESS IN THE PRIVACY OF YOUR OWN LIVES.
SO THIS
IS THAT REALITY, BUT THE PEOPLE , THE PEOPLE WHO ARE USING BITCOIN ,
MONERO , ETHEREUM.THE PEOPLE WHO ARE ON EXCHANGES. THE PEOPLE WHO ARE
SELLING GOODS AND SERVICES FOR CRYPTO CURRENCY. WELL THEY HAVE BEEN
DOING THIS FOR A WHILE AND THEY ARE NOT GOING TO STOP. AND THE
TECHNOLOGY DEVELOPED BY THE PEOPLE , PRIVACY COINS, DISTRIBUTED
EXCHANGES, THIS WILL WIN ONLY IF THE PEOPLE UNDERSTAND, THAT THIS IS
WHERE THEIR POWER IS. IT'S NOT GOING TO BE WITH LIBRA. IT'S NOT GOING TO
WITH THE CRYPTO DOLLAR, IT'S GOING TO BE WITH SOMETHING THAT COMES OUT
OF THIS MORASS OF THOUSAND OF CRYPTOCURRENCIES THAT CURRENTLY EXIST,
WHICH WE ALL LAUNCH ONTO.
AND IT WILL BE A PRIVACY COIN, AND
THERE WILL BE MANY HUNDREDS, IT DOESN'T MATTER HOW MANY. IF THEY ARE
USABLE, IF THEY ARE FUNCTIONAL THAT'S ALL. THAT MATTERS. WHEN PEOPLE
UNDERSTAND THAT WITH ETHEREUM , BITCOIN AND MANY OF THE OTHERS, IF I
SEND YOU MONEY OR YOU SEND ME MONEY OR YOU
PUBLISH YOUR WALLET ADDRESS ON YOUR TWITTER PAGE.WELL I CAN GO AND SEE HOW MUCH IS IN THERE, WHAT COMES IN , WHAT GOES OUT.
IF
YOUR BANK DID THAT? IF A PLUMBER CAME TO YOUR HOUSE, FIXED YOUR SINK,
YOU WROTE HIM A CHECK FOR FORTY DOLLARS, THEY WENT TO THE BANK AND SAID
HI, I'D LIKE TO SEE MR MCAFEE'S BALANCE IN HIS ACCOUNT PLEASE, AND THE
BANK GOES OH,YEAH HERE HE'S GOT THIS MUCH, AND WOULD YOU PLEASE ALERT
ME, EVERY TIME MONEY COMES IN, AND WHO IT CAME FROM, AND ALERT ME WHEN
MONEY GOES OUT AND WHO IS WHO HE'S SENDING IT TO, WOULD YOU
BE HAPPY?
NO, THAT'S A CURRENT STATE OF MUCH OF CRYPTOCURRENCY. PRIVACY COINS SOLVED THAT PROBLEM, UNLESS YOU DON'T REALLY CARE , I MEAN IF YOU WANT YOUR PLUMBER TO KNOW HOW MUCH MONEY YOU HAVE AND HOW YOU
ARE SPENDING IT OR RECEIVING IT
THAT'S COOL WITH ME, BUT IF THAT DOES BOTHER YOU, YOU WILL BE WITH A PRIVACY COIN,
AND IF YOU WANT TO DO TRANSACTIONS THAT ARE JUST BETWEEN YOU AND THE
PERSON YOUR ARE TRANSACTING WITH, YOU WILL USE DISTRIBUTED
EXCHANGES, WHERE IN OUR EXCHANGE WE ASK FOR NO INFORMATION, NO NAME, NO EMAIL, NO ADDRESS , NO DOCUMENTATION NOTHING. WE HOLD NO MONEY, WE ARE A PORTAL ONTO THE BLOCKCHAIN WHERE WE HAVE ESTABLISHED
A
BUNCH OF SMART CONTRACTS THAT OPERATE THIS AUTONOMOUSLY, WE ARE NOT IN
CONTROL, YOU ARE IN CONTROL, NOW IT WILL BE ANOTHER SIX MONTHS BEFORE
IT'S COMPLETE WE ALREADY HAVE OUR BETA RELEASED, AND IT'S GOING FINE AND
WHEN IT IS RELEASED COMPLETELY AND WHEN IT'S FUNCTIONAL WITH CROSS CHAIN TRANSACTIONS. IT WILL BE JUST LIKE FINANCE ONLY WE DON'T CHARGE ANYTHING TO LIST A COIN.
YOU
DON'T HAVE TO GIVE US ALAMO AND TWO HUNDRED THOUSAND DOLLARS. NO, YOU
PRESS THE BUTTON AT THE TOP NAME THE COIN AND PUT THE TECHNICAL SPECS
AND YOU ARE NOW FUCKING LISTED. THAT'S IT PRIVACY COINS DISTRIBUTED
EXCHANGES WILL BE THE END OF GOVERNMENT CONTROL, THEY CANNOT ANYMORE STOP IT, CONTROL IT, OR MONITOR IT.
WHAT DO YOU THINK IS GOING TO HAPPEN WHEN THAT OCCURS , OUR GOVERNMENTS ARE GONNA GO OH FUCK , WE LOST THEY WON.
NO, THEY ARE GOING TO BE ANGRY, AND THEY ARE GOING TO PASS LAWS. OR THEY ARE GONNA JUST CRACK DOWN LIKE IN CHINA TWO YEARS AGO, EVERY SINGLE EXCHANGE SHUT DOWN WITH A SNAP OF THE FINGERS. HOW DID THEY DO
THAT? THE
EXCHANGES WERE ALL CENTRALIZED , THEY HAD A OFFICE, THEY HAD SERVERS ,
THEY HAD EMPLOYEES, THEY HAD AN ADDRESS, SIMPLE SHUT OF THE ELECTRICITY
OR ARREST EVERYBODY OR THROW A BOMB IN THE BUILDING,
WHATEVER END OF THE STORY.
WITH
DISTRIBUTED EXCHANGES YOU CAN'T SHUT THEM DOWN, IF YOU SHUT DOWN,
MCAFEEDEX.COM, I DON'T CARE WE ALREADY HAVE 15 ADDITIONAL PORTALS AND BY
THE END OF THE YEAR, WE WILL HAVE 100, CAN'T BE SHUT DOWN.
SO GOVERNMENT WILL HAVE ONLY ONE RESOURCE, IT'S NOW ILLEGAL TO USE DECENTRALIZED EXCHANGES, AND PRIVACY COINS OR ALL CRYPTOCURRENCY LIKE IN INDIA. LIKE IN INDIA THEY ARE ALMOST PASSING LAWS TO BAN ALL
CRYPTOCURRENCY, YOU CAN'T OWN IT YOU CAN'T TRADE IT, END OF STORY. BUT ALSO FOR 75 YEARS IN AMERICA SMOKING WEED,, SMOKING MARIJUANA IS ILLEGAL. IT IS STOPPED ANYONE , NO, WHY,
TOO MANY PEOPLE SMOKING IT. IN AMERICA IN THE 1920'S THEY MADE ALCOHOL
ILLEGAL, DID THAT STOP ALCOHOL? NO, WE DRANK MORE ALCOHOL DURING
PROHIBITION THAN AT ANY OTHER TIME WHY?
TOO MANY PEOPLE DRINKING ALCOHOL, THERE ARE ALREADY TOO MANY PEOPLE USING CRYPTOCURRENCY, IT
CAN'T BE LEGISLATED AWAY. IF YOU ARE USING PRIVACY COINS, IF YOU ARE
TAKING CARE OF IT YOU HAVE A DISTRIBUTED EXCHANGE NO ONE CAN TELL WHAT
YOU ARE DOING UNLESS THEY ARE IN YOUR LIVING ROOM WITH YOU WATCHING, YOU
PRESS THE KEYS,
SO DON'T BE AFRAID, WHEN LAWS ARE PASSED
KEEP IN MIND, THE LAW IS NO MORE SEVERE THAN SMOKING WEED, I DON'T KNOW
IF ANYBODY HEARS SMOKE WEED PROBABLY NOT YOUR BUSINESS PEOPLE,, HOWEVER I
BET YOU DO SOME OF YOU.
THAT'S ILLEGAL AND WELL HERE IN EUROPE I
GUESS , IT'S NOT. IN SPAIN YOU CAN SMOKE WHAT FOUR POUNDS A DAY. WHAT IS
IT ANYWAY?? THERE IS A LIMIT, I AM SURE NEVERTHELESS, ITS THE SAME
THING.
YOU CANNOT LEGISLATE AWAY SOMETHING THAT THE MAJORITY OF
THE POPULATION OR EVEN A SMALL MINORITY FIVE PERCENT'S ALL YOU NEED. IF
FIVE PERCENT OF THE POPULATION IS DOING SOMETHING , YOU CAN'T STOP IT,
LET IT GO, AS LONG AS IT'S NOT OUT MURDERING YOUR NEIGHBOR OR ROBBING
BANKS, THAT'S A DIFFERENT STORY. BUT NO IN THE PRIVACY OF YOUR OWN HOME
CONDUCTING BUSINESS CAN'T BE STOPPED. NOW IF ANYBODY'S FROM A GOVERNMENT
LISTENING TO ME, YOU NEED TO TAKE HEED, BECAUSE THE TECHNOLOGY IS ALREADY IN PLACE TO BYPASS YOUR ATTEMPTS TO COLLECT INCOME TAXES.
AND
IT DOES NOT MATTER WHAT YOU DO, MAKE A LAW, LEGISLATE THIS, DOUBLE YOUR
POLICE FORCE, MAKING IT THE DEATH PENALTY, ITS NOT GOING TO FUCKING
MATTER.
PEOPLE WILL DO WHAT THEY WANT TO DO IN THE PRIVACY OF THEIR OWN HOMES END OF STORY,
AND I AM GOING TO OPEN IT UP TO QUESTIONS, BECAUSE IL WILL JUST TALK ALL DAY.
ANY QUESTIONS EVERYBODY'S ASLEEP OR IS IT , I CAN'T EVEN SEE IS ANYBODY HERE,?
THE
QUESTION IS ABOUT THE QUANTUM COMPUTERS? YOU ARE A TECH GUY , WITH TECH
EXPERIENCES WHAT DO YOU THINK ABOUT THIS BECAUSE, IT'S LIKE ONE OF THE
THINGS THAT IS COMING OUT RECENTLY AND THE PRESS, THEY LIKE, THEY
TEND NO , THEY LIKE TO WRITE ABOUT THIS SO WHAT DO YOU THINK?
ANSWERS" QUANTUM COMPUTERS AND I ASSUME , THE NEXT QUESTION WOULD BE HOW WILL THAT IMPACT CRYPTOCURRENCY
IN THE BLOCKCHAIN? "YES"?
QUANTUM
COMPUTERS , THERE IS A LOT TO TALK ABOUT IT, ESPECIALLY GOOGLE THAT HAS
QUANTUM COMPUTERS THAT CAN DO CALCULATIONS IN A FRACTION OF A SECONDS ,
THAT WOULD TAKE 10 TRILLION YEARS USING NORMAL
NORMAL COMPUTING, DOES THIS MEAN IT IS A GENERAL PURPOSE COMPUTER? NO.
QUANTUM
COMPUTERS HAVE TINY SPECIFIC APPLICATIONS, AND ITS GOING TO BE 50 YEARS
BEFORE A GENERAL PURPOSE ONE COMES OUT. AND IF IT DOES?, IS THAT GOING TO END CRYPTOCURRENCY?
NO, NO MORE THAN COMPUTING ENDED SELLING PEOPLE GUM AT STORE, IT JUST
CHANGES THE WAY THAT IT'S DONE. BECAUSE IF YOU HAVE A GENERAL PURPOSE
QUANTUM COMPUTER CAPABLE OF BREAKING A BLOCK CHAIN, WELL THEN YOU HAVE A
CONSTANT COMPUTER ON THE BLOCKCHAIN SIDE CAPABLE OF FIRMING IT UP, AND
WE WE'LL BE IN THE SAME POSITION WE ARE TODAY.
HACKERS TRYING TO GET
IN, WE TRYING TO KEEP THEM OUT. NOW IF ONLY THE HACKERS HAVE CARBONIC
COMPUTERS OR IF THE GOVERNMENT THAT IS PERHAPS A DIFFERENT STORY. I HOPE
I ANSWERED YOUR QUESTION.
QUESTION:
I AM NOT
ADVOCATING FOR FACEBOOK, I NEED FOR LIBRA, I JUST THINK IT'S INTERESTING
BECAUSE OF WHAT IT SAYS. ABOUT OTHER PLATFORMS SO YES. I AM A BITCOIN
MAXIMALIST, I AM DISAPPOINTED BY LIKE I MENTIONED. IT HAS NOT BECOME AN
ACTUAL REAL LIFE USE. AT LEAST IN MY POINT OF VIEW. LIKE I AM NOT PAYING
FOR THINGS IN BITCOIN NOW RIGHT. THERE IS FOR NON-TECHNICAL PEOPLE
ESPECIALLY PEOPLE WITHOUT INTERNET ACCESS, THAT' EASY BARRIERS TO
ADOPTING BITCOIN. IT SEEMS LIKE ALMOST HIGHER BARRIERS , LIKE I AM A BIG
FAN OF DECENTRALIZED EXCHANGES IN MONERO, BUT I THINK WE HAVE THAT
USABILITY THUMB, AND THE POSSIBLE BENEFIT OF SOMETHING LIKE LIBRA, IS
THAT IT MAY BE EASIER ADOPTION , SO HOW DO BRIDGE THE GAP BETWEEN
USABILITY AND SECURITY AND GETTING ENOUGH PEOPLE ON THERE THAT THERE OS
CRITICAL ,MASS THAT WE FINALLY CROSS THE CHASM. GOOD QUESTION.
ANSWER:
BITCOIN MAXIMALIST YOU KNOW , I AM NOT GOING TO PUT ANY BITCOIN
MAXIMALIST HERE BUT YOU GUYS NEED TO MOVE OUT OF YOUR MOTHER'S BASEMENT
ALL RIGHT.
NO OKAY, THERE'S THIS DIVISION IN THE CRYPTO WORLD
BETWEEN THE BITCOIN MAXIMALIST, THINKING THAT IS ALL WE NEED AND THE
REST OF THE WORLD WHO ARE USING PRIVACY COINS AND SMART CONTRACTS
TO DO THINGS LIKE CREATE DISTRIBUTED EXCHANGES, THAT YOU JUST CAN'T DO
ON BITCOIN. IT'S AN OLD TECHNOLOGY DOESN'T SUPPORT PRIVACY IT DOESN'T SUPPORT SMART CONTRACTS ON
AND ON, SLOW, AND YOU WILL FIX THAT , I AM SURE. BUT THERE IS ANOTHER
WORLD AND THAT WORLD IS GROWING , I DON'T KNOW IF YOU HAVE NOTICED
WHAT'S HAPPENING WITH BITCOIN AND WHAT'S HAPPENING WITH ALL CURRENCIES.
ALL CURRENCIES ARE NOW TAKING THEIR STAGE, AND I FIRMLY BELIEVE THAT THE
MAIN PROBLEM WITH BITCOIN IS PRIVACY, JUST LIKE IT IS WITH ETHEREUM,
THAT IF I SEE YOUR WALLET ADDRESS, YOU ARE DONE DUDE, I AM GOING TO
WATCH EVERY PENNY THAT COMES IN, AND EVERY PENNY THAT GOES OUT FOREVER ,
JUST BECAUSE , I AM BORED IF NOTHING ELSE OR YOU ARE A COMPETITOR OF
MINE, AND I HAPPEN TO GET YOUR WALLET ADDRESS, NOW WE ARE IN BUSINESS,
WE WANT TO SEE WHO IS SENDING HIM MONEY AND WHO IS BUYING HIS GOODS
FROM,
IF I CAN CROSS-REFERENCE WALLET ADDRESSES TO PEOPLE WHICH IS TRIVIAL. THAT IS A FLAW TO ME.
I
WANT SOMETHING WHERE MY COMPETITORS, IF THEY HAVE MY BANK NUMBER, CAN'T
GO INTO THAT AND SEE WHAT I HAVE GOT, AND WHAT'S HAPPENING. PRIVACY
COINS SOLVE THAT, WE ALSO NEED A WORLD WERE CRYPTOCURRENCIES BLOCKCHAIN
APPLICATIONS CAN BE USED FOR THINGS OUTSIDE THE CRYPTO WORLD. THINGS THE
CONCEPT OF DISTRIBUTED EXCHANGES, WHERE THE SMART
CONTRACTS, DO ALL
THE WORK, AND THERE ARE NO SMART CONTRACTS WITH BITCOIN, ON AND ON ALL
OF THE APPLICATIONS THAT WE CAN DO OTHER COIN BLOCKCHAINS CANNOT BE DONE
ON THE BITCOIN BLOCK CHAIN, SO I AM NOT SAYING BITCOIN IS GOOD OR BAD
I'D SAY THERE HAVE TO BE OTHER COINS, AND HOW DO WE THEN MAKE THAT PALATABLE TO OTHER PEOPLE, NOW I DISAGREE THAT BITCOIN
IS EASIER TO USE THEN MONERO , I MEAN I THINK THEY ARE EXACTLY THE SAME.
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