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Interesting talk by john mcafee

Discussion in 'General Discussion' started by dragonwarrier12, Sep 18, 2017.

  1. dragonwarrier12

    dragonwarrier12 Quarker

    this is a good talk by John McAfee, online wallet security. At about 10:15, he talks aboout his mining operation, and how he could use the internet of things to mine bitcoin, and take over the network with smart appliances basically. that would suck for bitcoin if he could do that.

    Its a good watch anyway.

    Cryptoxic and AceNOLA like this.
  2. dragonwarrier12

    dragonwarrier12 Quarker

    of course, it is all theoretical.
    AceNOLA likes this.
  3. Cryptoxic

    Cryptoxic Quarker

    thats one reason i dont use wallet apps. except for faucet
    dragonwarrier12 and AceNOLA like this.
  4. Cryptoxic

    Cryptoxic Quarker

    So what are your guys thoughts on the amount of hash he could throw around...... you think he could actually affect markets with it?
    AceNOLA likes this.
  5. AceNOLA

    AceNOLA Quarkmod Staff Member QuarkTalk moderator

    That is a great question, I truly don't know the answer. But in my best Guestimation, I would say no, just because of how powerful China is now.

    Cryptoxic likes this.
  6. Cryptoxic

    Cryptoxic Quarker

    wouldnt you think china is a little out of the running with all the recent laws?
  7. AceNOLA

    AceNOLA Quarkmod Staff Member QuarkTalk moderator

    Well, I do not think the laws stopped anyone from mining... so, it is in there best interest to keep the price up.. right?

    my thoughts..

    Cryptoxic likes this.
  8. Cryptoxic

    Cryptoxic Quarker

    yeah.. i guess so.. i mean i know when someone tells me "no, you cant do that" i end up just doing it even more... so your probably right,china is still mining away

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