John McAfee Launches Decentralized Restriction-Free Crypto Exchange
John McAfee is sick and tired of all the regulatory backlash against cryptos.
Today, one of the industry's most controversial/entertaining figures unveiled what he called the McAfee DEX, a "fully decentralized" exchange of cryptocurrencies which runs on the blockchain of Ethereum.
According to a series of McAfee tweets, the exchange, which McAfee marketed as needing "no name no documentation, no email and "no bank details," just opened in beta and would support all of the ERC-20 tokens.
The cybersecurity titan and presidential candidate said that any Ethereum-based tokens "may be listed by anyone free of charge," and vowed that nothing will ever be tracked, registered, or prohibited on the exchange.
The pioneer in software security has often been a defender of decentralized networks. In a video posted on Twitter on Sunday, McAfee argued that by using commercial hierarchical financial institutions, the United States and other developed nations maintain control over the general population. Regulators could shut them down at any time, leaving consumers in the dark, he said.
On the other side, decentralized networks can't be shut down by anyone, he said. They reside anywhere and can not be regulated by a single party, which means they can not easily be shut down or punished on the whim of a regulator.
According to its founder, McAfee DEX is therefore designed to give traders the opportunity to trade independently from government interference and finally take charge of their own finances.
Meanwhile, the McAfee DEX appears to have suffered a flawed start, according to a Twitter update from McAfee earlier this afternoon.
The platform he said, just after it was launched was the target of a DDoS attack, causing speeds to slow down to a crawl. In the post, McAfee announced that nodes will be added and things will soon "be up to par."