John McAfee, who once anticipated that bitcoin would reach $1 million before the current year's over, has been bashing the main digital money. As per McAfee, bitcoin is a shitcoin.
Based on the progression of his tweets, John bashed bitcoin as he tweeted " Bitcoin Old, clunky, no security, no smart contracts, no Dapps is the true shitcoin. Although John compliments altcoin and said that we all realize that the fate of crypto rests with the altcoins.
McAfee is an absolute tool.
Anybody who believes anything he says, or considers him to be some kind of industry expert should think again, because he's so out of touch with things it's insane.
Sure, smart contracts are ideal, but BTC is designed to be a transactional unit, not god damn gas for a smart contract platformit's not ether!
With that said, there are plans to expand its smart contract functionality, and various side chains add smart contract functionality to BTC. Also, how on earth is he saying is has no security? it has the most proof-of-work of any blockchain in existence and is practically unhackable now.
I do agree it's clunky, but with the advent of lightning and other off-chain scaling solutions, Bitcoin will fullfill its purpose just fine.
Cash money has no functionality other than a store of value and a unit of transactionand look how well that did!