What Does John McAfee Think Of Facebook’s Libra?

In the world of crypto and blockchain, when you think of John McAfee, you tend to think of tweets on tech, bitcoin... and more recently, the presidential election for 2020. 

Olivia Capozzalo sat down with McAfee earlier in the year to interview him and started off by questioning him on Facebook’s upcoming Libra stablecoin. 

McAfee was quoted saying Libra is a "grotesque distortion of the original intent of Cryptocurrency — economic freedom."

In response, McAfee said:

“Libra is a universal, digital identification that's going to be rolled into the cryptocurrency, meaning that everything that you do with that currency can be monitored and traced back to you. 

Now, I'm a firm believer in privacy and even anonymity when it comes to our financial transactions. 

We each have the right to earn a living and to do what we wish with the money that we earn. I mean, if not, then we are still under the control of the financial system we're trying to escape from.

That is the purpose of digital currency: to give control of currency back to the people rather than to governments and institutions that can control the currency that we use.”

Capozzalo then went onto ask what McAfee will be doing in his run for the 2020 presidential campaign.

“So, let's not talk about what I would do the first day in office. Let's talk about what I'm going to do while running, which is to raise awareness — not just in the U.S., but around the world. 

I want to educate people about how fiat currencies are their prison and the means that governments use to make a society of slaves.”

More recently and as previously reported by CryptoDaily, the computer programmer said the following:

“When a President sits down, these people are looking at him like he’s nothing. He’s only there for four years and these individuals might be there for eight, but people who control things have been there for thirty or forty years. The Presidents are meaningless to them. I don’t want to be a President.”

For more news on this and other crypto updates, keep it with CryptoDaily!