"so 1btc 500k $ within 3years?... if not, I will eat my dick on national television." - Cybersecurity legend bets his manhood bitcoin reaches $500,000 within three yearssteemCreated with Sketch.

in #bitcoin7 years ago

From MarketWatch

John McAfee, the colorful founder of his namesake antivirus software company, as well as a former fugitive and passionate cryptocurrency backer, says bitcoin is headed toward the $500,000 mark within three years.

Apparently, he’s got a lot riding on it:

17 Jul
MΔgUra @maguraaa
Replying to @officialmcafee
so 1btc 500k $ within 3years?
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John McAfee ✔ @officialmcafee
if not, I will eat my dick on national television.
3:02 PM - 17 Jul 2017
778 778 Retweets 1,499 1,499 likes
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That disturbing visual may be a joke, but bitcoin’s potential is no laughing matter, according to McAfee. In a tweetstorm that began Monday and is still raging, the eccentric techie laid out his bullish case and offered to take any bet to the contrary:

Read more: http://www.marketwatch.com/story/cybersecurity-legend-bets-his-manhood-that-bitcoin-reaches-500000-mark-with-three-years-2017-07-18
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One the one hand, he is full of crap..
This guy knows how to use the press to his advantage, to boost whatever new venture he's got going. The ultimate ego-maniacal guy, but fun too ;-)

One the other hand, he's right; BTC is so completely undervalued in some ways, and will expand as it proves itself capable. He makes no mention it will have new capabilities, but will still be expensive, compared to new solutions coming down the pipe.

Obviously a BTC Maximalist, and yet ignores the fact BTC could be largely replaced by newer, faster, cheaper 3rd and 4th generation blockchains.

Satoshi himself imagined that due to the economics involved, eventually the satoshi would be the denomination used, and what does that mean, for BTC value (?)

Hard to imagine, 10, 20 years in the future... my experience so far, is BTC doubles every year in value now, for last 3 years. That would be a reasonable, manageable rate, and yet, doesn't take that long to reach his number either.

500, 1000, 2000, 4000, 8000, 16000, 32000, 64k, 128k, 256k, 512k <-- maybe 7 years?

thats actually.... horrible

but i wont lie, im going to be front row center if that happens

I also think this is horrible, but I don't think that he is a serious. Especially because his predictions are not real.

Most epic prop bet ever :-D

This post has been ranked within the top 50 most undervalued posts in the second half of Jul 19. We estimate that this post is undervalued by $14.21 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jul 19 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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