John McAfee Comes Out With a New Exchange – McAfeeMagic!

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The crypto defendant, privacy maximalist, who’s running for POTUS in 2020, John McAfee, has just released his new cryptocurrency exchange called “McAfeeMagic”. Interestingly enough, the exchange will allow trading cryptocurrencies on multiple exchanges within one dashboard. 

When going on his website he describes the platform as a new and revolutionary. The exchange comes out as a non-custodial. Users funds will be stored on 8 other exchanges. In order to set up the account, users will need to add APIs from other exchanges, where their funds are stored. The exchange enables both manual and automatic trading, across the aforementioned eight cryptocurrency exchanges. Moreover, users will be able to set orders on 8 exchanges all at the same time from one simplified dashboard. If this isn’t eye-catching and you still ask “So where’s the magic”?

“The “Magic” is being able to make a snap trade, while your pre-set automated bots are making 100’s of trades for you, (on different exchanges), in the background! – That’s the McAfee Magic,” says the website.

Two portals

At the moment, the McAfeeMagic exchange offers two “portals”. “Magic” and “Shadow”. The Magic portal is for normal trading, the Shadow one is for Shadow trading in which the user will be able to sort of copy other successful trader calls, whom the community will manually rank judging by their success.

Additionally, there is a “set and forget” option which means that the user will have the ability to set a buy and sell order at the same time. Autotrades will also be an option. And the best part about McAfeeMagic is that users from all around the world, with no restrictions, will be able to use it. Now McAfee really is offering freedom to crypto enthusiasts.

Security

Since McAfee is the godfather of internet security, people expect that this crypto exchange will be the most secure of them all. The website’s FAQ says that the site is hosted on “top grade” Amazon Web Service servers that come with DDoS protection. Also, the system can scale on demand, as they describe.

“We are only releasing this platform to the public after extensive testing and auditing processes that stretched months,” reads the website.

However, the website experienced a DDoS attack before the site was even launched. Earlier, in a tweet by John McAfee, he stated that the McAfeeMagic.com is “still under attack.” They had found out that the attack comes from a new I.P. Address in Texas. Also, he eased everyone by saying that the Amazon AWS servers are learning the attack and are “top notch”.

The McAfee Freedom Coin

Best Coin Investments recently reported that John McAfee is also coming out with a new cryptocurrency – Freedom Coin. The new cryptocurrency, as informs McAfee, is designed to confront the problem of currency exchange. He goes on explaining that the Freedom Coin will use a unique paradigm and a new structural concept. The asset will have no value, hence it will always be worth zero in relation to any other currency asset, however, at the same time, its natural market value will be free. Moreover, he says that this new cryptocurrency is nothing new and definitely isn’t a technological breakthrough. However, what makes it unique is the new approach to understanding the evolution of cryptocurrency “and the mechanisms that have kept the Holy Grail of cryptocurrency – economic freedom – out of reach.”

Photo taken from McAfeeMagic.com

John McAfee announces Freedom Coin

If you like what you read, feel free to share it:

Judging by a recent John McAfee tweet, he is coming out with a new cryptocurrency – Freedom Coin. He announced it earlier today. McAfee claims that the new asset will have a unique paradigm and a new structural concept. 

Explains the Problem

When visiting his new website, you can see a long abstract about the main intent behind creating such cryptocurrency. The website itself is very shy of information, yet delivers the message perfectly. 
In the abstract, he claims that the average American doesn’t care about the price of an asset, in this case, the dollar. Consumers just want to exchange their money for valuable goods.

“Do you, before you buy, look up what dollars are worth in Euros or Yen before you can understand the prices? No. You inherently understand the value of a dollar in terms of what you know it can buy. You are habituated to value goods and services using the dollar as a reference point,” he writes.

The same applies for vendors. He goes on explaining that vendors don’t check an external measure in order to determine the price of their goods each day:

“The natural market for any item is constrained by what options a buyer may have – substitution, a competitor, a change of lifestyle or simply doing without.These are the conditions of an organic market. Measures outside of a specific currency realm have little meaning.”

A Coin Disconnected From Fiat Currencies

After determining the problem, he continues to clarify that the cryptocurrency world has long been hoping for an asset equivalent to the problem described above. That is – a cryptocurrency that people value for it’s purchasing power. McAfee explains that the main reason why this hasn’t yet happened is because customers cannot purchase everything they need with crypto. In order to pay with crypto, users have to exchange the currency to one that the vendor accepts for what they want.

“This leaves the value of the currency, not in the hands of the users and suppliers, but in the hands of a market whose mechanisms operate through fear, greed, manipulation and the vagaries of external economic conditions,” says John McAfee.

He thinks that we need a coin that is disconnected from fiat currencies and other cryptocurrencies. Hence a coin that has no cash-in value, but everyone accepts it universally.

The McAfee Freedom Coin

The new cryptocurrency, as informs McAfee, is designed to confront the problem of exchange which he described. He goes on explaining that the Freedom Coin will use a unique paradigm and a new structural concept. The asset will have no value, hence it will always be worth zero in relation to any other currency asset. However, at the same time, its natural market value will be free. Moreover, he says that this new cryptocurrency is nothing new and definitely isn’t a technological breakthrough. However, what makes it unique is the new approach to understanding the evolution of cryptocurrency “and the mechanisms that have kept the Holy Grail of cryptocurrency – economic freedom – out of reach.”

Source:

https://mcafeefreedomcoin.com

Photo by flickr.com