John McAfee, one of the most prominent altcoin advocates and famous computer programmer, has announced he is working on a privacy coin called Ghost.
McAfee tweeted that Ghost will be supported by a Proof-of-Stake algorithm, and will be tradable on the McAfeeDex decentralized exchange against leading cryptocurrencies through atomic swaps.
“With a DEX/privacy coin combo we now have full control of our finances!” he said.
Ghost Comprises McAfee’s Latest Crypto Stunt
McAfee, who claims to be wanted for tax evasion in the United States, has been a longstanding advocate of cryptocurrency and a figure of controversy within the industry.
In 2018, John McAfee began to openly accept sums of $105,000 in exchange for tweets promoting cryptocurrencies — claiming at the time to have received the fees for more than six months.
He also cited an ad hoc study by Vice that found that its promotional tweets led to short-term price gains of between 50 and 350 percent.
In 2019, McAfee was embroiled in an obscure dispute with the South China Zombie Research Center (SCZRC), the Zombie Coin developers — a gimmicky initial coin offering that paid McAfee $4.5 million to draft and promote its ICO.
He turned on the project after paying McAfee up front and declared it a “shitcoin,” prompting the SCZRC to threaten him with a lawsuit of $100 million.
The last crypto-asset launched by Mcafee under the ticker WHACKD was an ERC-20 token dubbed “Epstein Did Not Kill Himelf.”
The token seems to be trading exclusively on McAfee’s decentralized exchange, but it has next to zero liquidity — with the current order spread ranging from 3 buy-side satoshis to 12 satoshis on the sell-side.
It appears that the WHACKD network has processed just two transactions in the past 24 hours.
McAfee announced earlier this month that he has put up a $500 reward the Ethereum-based stablecoin DAI for the best original photo taken in the midst of the coronavirus lockdown.