Thursday, July 11, 2019

[EVENT] John McAfee Works On Bitcoin in Cuba

Following John McAfee's entry into Cuba, the government has been allowing him to his own devices. Even after a clearly failed Presidential Election whose campaign motto was "Do not vote for me," the Republic has been warn to this man.

This man hasn't been the best to Cuba.

Within the first week of arriving on June 23rd (after his "cruise ship was 'sabotaged'") he demanded that Cuban officials escort him to destinations as "CIA agents were attempting to assassinate him." Despite Cuban Internet Laws, John McAfee bypassed this and posted on twitter public updates about himself, his surroundings and even some images of Cuban Government officials.

In early-July, he got into a fist-fight with a plain-clothes Cuban Police Officer who was questioning John McAfee's plans in Cuba. He presumed him to be a CIA spy. It reflected extremely poorly but was kept hidden from the Cuban public and world-wide.

Once he was brought to the higher estates in Cuba, he had become more politically active. He criticized and opinionated almost every Cuban Law, almost trying to encourage it in ways that Batista once reigned but he was almost always ignored.

Now, he was finally being asked to do what he came to do.

Working with the Ministry of Economy and Planning, specifically Minister Alejandro Gil Fernández, John McAfee started to work with existing founder BitcoinCuba Fernando Villar. Their first step was education.

"Cuba’s new mission is to inform average Cubans and the small tech community about the use of digital currencies like Bitcoin. Cubans have much to gain from using this currency and technology, especially now that they are in a position to leapfrog current financial and telecommunication infrastructures."

They offered another, realistic alternative that the currency could be used for, such as international transactions. "Cubans are not using credit or debit cards and most do not have a bank account. Bitcoin and blockchain can serve the needs of the unbanked, including entrepreneurs and individuals on the island. For instance, an entrepreneur in Cuba can offer their goods or services and get paid for it by a customer any where in the world instantly. A family wanting to send money to relatives in Cuba, using Bitcoin, would now have a method that is faster and cheaper than ever. This will take some time to be a reality but it’s already happening around the world. IT does not even have to be specifically bitcoin but another cryptocurrency that is more stable if their concerns are transfer times."

This is a reference to how quickly the bitcoin market numbers changes.


The Ministry also did reach out to Google, finally picking them up on their offer to expand faster internet services and specifically faster web-page speeds. John McAfee himself asked a favor of Google of "expanding Google Fiber across the island."

The Ministry has stated that they are willing to make a loan to pay it back in full. La Presidenta was initially unable to verify this statement but soon backed it.

Besides working with Google, massive educational campaigns expand around the island, even ranging to America's Gitmo Bay to properly teach the people on cryptocurrency and its benefits. "Think of it as another way to get income, an unregulated stock program that the Government is willing to back."


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