John McAfee coin, the launch of MRU
Blockchain

John McAfee coin, the launch of MRU

By Fabio Lugano - 30 May 2018

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Read the article in English language here.

John McAfee is one of the most whimsical and ingenious people in the world.

After celebrating his own day of currency independence a few days ago, he announced that his currency, the “McAfee Redemption Unit” should be issued on June 24.

It will not be a cryptocurrency, but an ordinary fiat currency on paper, like normal banknotes.

The currency is printed with full serial numbers and security systems, including holograms on both sides for anti-counterfeiting.

However, it will be connected to the blockchain and can be paid with its “backing” in cryptocurrency.

The ingenious programmer has made two tweets on the subject. In the first, he said that: “No hoax. The “McAfee Redemption Unit” is real and coming in 26 days. The graphic is low res – don’t want to give much away yet. Printed on currency paper, holographs on both sides, serialized, linked to the blockchain, redeemable, convertible, collectible“.

The themes reproduced are particular, as you can see in the picture:

john mcafee coin

On the banknote of the value of 1 MRU there is John surrounded by five women, in the one of 5 McAfee is in a portrait version, in the one of 10 Jihan Wu, founder of Bitmain, in the one of 20 Brock Pierce, of the Bitcoin Foundation, and in the one of 50 the notorious Roger Ver.

The banknotes all include the following text: “Please appear at the redemption office between the hours of 1 PM and 3 PM at Rinconada de Los Caracoles 109 Departmento 01 Conchas Chinas Puerto Vallarta, Mexico 48390. Present your certificate. The redemption center will verify its authenticity and provide you with a date, time and location in the US where Mr. McAfee will meet with you for the allotted time.”

Reading these words it seems that the backing is not in cryptocurrencies as it appeared from the tweet, but the MRU is actually backed by the entrepreneur’s time as if he were distributing vouchers for a meeting with him.

As often happens when we talk about the inventor of antivirus there is a mix of genius and confusion.

The idea of a banknote redeemable in cryptocurrency is, to some extent, brilliant, while one with John McAfee’s time at its base is much less interesting.

Fabio Lugano
Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

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