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July 7, 2019 01:34 am

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

"On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor," reports Reuters, "and says he can help Cuba evade the U.S. government too -- by launching a cryptocurrency that defeats a U.S. trade embargo." Long-time Slashdot reader Aighearach shared their report: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. "With him on the yacht are his wife, four large dogs, two security guards and seven staff for his campaign 'in exile' for the Libertarian Party presidential nomination, McAfee said..." "Thousands of volunteers wearing masks depicting his face will campaign for him back home and abroad, he said."

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