Reply from John McAfee to JPMorgan CEO: Which is fraud, Dollars or Bitcoin?
McAfee’s founder, US computer programmer John McAfee, reacted to JP Morgan CEO Jamie Dimon’s characterization of Bitcoin as a fraud tool.
‘It costs more than $1000 to produce one Bitcoin’
Coming to CNBC to talk about this issue, McAfee stated that he respected Dimon and said, “I am a Bitcoin miner. . We are generating bitcoin. It costs more than $1000 to produce each Bitcoin. How much does it cost to create one US Dollar? How much does it cost to print a paper? What is fraudulent?” he asked.
McAfee also stated that mining operators use computers with supercomputing powers, thus creating a value while creating Bitcoin. He said he would reach $500,000 within the year. The famous cyber security expert stated that if Bitcoin does not reach this level, he will go on TV and eat his penis.
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