John McAfee Ditches Ghost Crypto Project: He Says It Will Fail – News Bitcoin News


John McAfee Ditches Ghost Crypto Project: He Says It Will Fail

Two-time U.S. presidential candidate John McAfee has announced that he is leaving the ghost cryptocurrency project, claiming that it will fail “without a doubt” and his reputation has been damaged. His Ghost phone service, however, will be launched as planned, he emphasized, adding that there will be a new cryptocurrency for the Ghost ecosystem.

John McAfee’s Trouble With Ghost Crypto

John McAfee, who has been building the Ghost ecosystem that includes the privacy-centric ghost cryptocurrency, an exchange, and phone service, has announced that he is no longer supporting the ghost cryptocurrency. He tweeted Wednesday: “I am abandoning the Ghost project. Management is incapable of making a success of the project. It will, without a doubt fail.” He then apologized to those he “led astray.”

The antivirus tycoon insisted that he really believed in the ghost cryptocurrency but Switch CEO Josh Case ruined everything. “Josh controlled the project. He was killing it,” McAfee told his Twitter followers. “Josh is an idiot,” he continued to tweet. “I added Ghost to my Ghost ecosystem because I had his assurance that he would be 100% focused on ghost. He never fulfilled that promise. I could no longer support a project managed by someone working on Clearpoll, Ethershare etc.”

John McAfee Ditches Ghost Crypto Project: He Claims It Will Fail, His Reputation Damaged

To explain why his “hands are tied,” McAfee posted a private message he said he sent to Case. “If you had told me, from the beginning, that making money for you, myself and everyone involved in Ghost, was of no interest to you and you merely wanted a piss around with worthless projects, like Ethershare, from your past that never made you, nor anyone else a dime, then I would never have given you legal control over ghost,” the message reads, adding:

Now I have to find another coin for the Ghost ecosystem and you have damaged my reputation through your inability to focus exclusively on the task at hand.

The Ghost ecosystem also consists of the Ghost phone service which McAfee announced in July. It claims to help subscribers be “invisible,” noting that it will be “the first 4G data service to make connections to the network untraceable.” After meeting with the Ghost executive team, McAfee confirmed: “Our Ghost phone service – coming Sept. 30, is the foundation of our ecosystem and nothing will change with the service. We are, though, dropping GHOST as our privacy coin and will replace it.”

The ghost cryptocurrency launched in June and the exchange listed the ESH token at the end of May prior to McAfee airdropping some ghost coins to ESH holders. In the same month, the Ghost team announced a partnership with the digital currency payment processor Ivendpay that allows 60 vending machines in Hong Kong to accept the ghost cryptocurrency for payments along with other cryptocurrencies, such as BTC, ETH, BCH, and BNB.

Responding to McAfee’s departure announcement, the “Ghost by McAfee” team clarified on Wednesday: “We will be dropping the ‘by John McAfee’ soon and will just be called Ghost … John is in no way involved in any day to day operations, nor has he ever been involved with any of the tech or building of Ghost.” The price of the ghost cryptocurrency has fallen about 63% from its Wednesday high to $0.266391 at the time of this writing.

Tags in this story
ghost crypto, ghost cryptocurrency, ghost exchange, ghost phone, john mcafee ghost, mcafee quits ghost

What do you think about McAfee’s trouble with the ghost crypto? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons, John McAfee, Twitter

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