John McAfee Hides in Cuba, Touts Cryptocurrency For Evading US Government's Sanctions

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John McAfee Hides in Cuba, Touts Cryptocurrency For Evading US Government's Sanctions

McAfee in an interview touted the anonymity of the digital currency while also outlining his belief that income tax is illegal and plans to run from Cuba for the Libertarian Party nomination for U.S. president. "It would be trivial to get around the U.S. government's embargo through the use of a clever system of currency," the 73-year-old said Thursday. "So I made a formal offer to help them for free... on a private channel through Twitter." While Cuba had not responded, its Communist government said earlier this week it was studying the potential use of cryptocurrency to alleviate an economic crisis aggravated by tighter U.S. sanctions... Countries under U.S. sanctions such as Iran and Venezuela have floated the idea of using digital currency to trade although no scheme appears to have gotten off the ground.

"You can't just create a coin and expect it to fly. You have to base it on the proper blockchain, have it structured such that it meets the specific needs of a country or economic situation," said McAfee. "There are probably less than 10 people in the world who know how to do that and I'm certainly one of them...."

McAfee said he did not pay income tax for eight years for ideological reasons and was indicted... To avoid trial, he left the United States in January for the Bahamas. He arrived in Cuba a month ago after suspecting that U.S. law enforcement was trying to extradite him from the Bahamas.
 

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"You can't just create a coin and expect it to fly. You have to base it on the proper blockchain, have it structured such that it meets the specific needs of a country or economic situation," said McAfee. "There are probably less than 10 people in the world who know how to do that and I'm certainly one of them...."

Venezuela tried that didn't they? Did that work any?

Cuba crypto? The Castro [Coin]? The Hammer? The Sickle?
 
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