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McAfee’s Ghost Distributed Exchange Goes Live

John McAfee, a controversial figure in and of itself, has recently launched a controversial distributed exchange (DEX) for his Ghost coins. The crypto advocate announced it over the weekend on Twitter.

New Ghost DEX (With Dubious Originality)

This Ghost DEX stands related to the Ghost privacy project, something McAfee’s been working on after he summarily changed his stance regarding Bitcoin. Ghost stands as a Proof-of-Stake (PoS) privacy coin that was developed to create anonymous transactions. McAfee himself was clear in his social media posts that this Ghost exchange well stands to replace his former DEX, the McAfeeDEX. The Ghost main net itself, however, stands to be launched on the 22nd of June, 2020, assuming all goes well, and the man doesn’t do anything too unpredictable.

Ghost itself has been subject to contention for several months now. McAfee didn’t help at all, going public in admitting that the white paper for Ghost was blatantly “Copy-pasted” from the PIVX white paper. Even with this admission, McAfee, in his excellent wisdom and stability, stands ready to sue PIVX, which is an open-sourced protocol, for defamation.

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Strange Choices, Stranger Motivations

Choices where dubious amounts of thought were put in, aside, PIVX itself is planning to use an iteration of the zk-SNARKS protocol, created by the Zcash (ZEC) privacy coin. PIVX itself is set to launch in Q4 2020, and should be watched with a keen eye, unlike other projects.

As justification for this little legal debacle McAfee is trying to instigate, he tweeted that the PIVX’s white paper isn’t Public Domain, contrary to its source code, which apparently is. McAfee’s angle is that its fraud to say that a product is open, yet withholding the documentation itself as fraud. McAfee swore that he would demonstrate this within the courts.

No Need To Fret

It should be noted that PIVX simply replied with the whitepaper of their network when McAfee made the post.

Through an interview, PIVX explained that there is no legal entity to be sued, and not one person has ownership of its developments. Thus it deems itself impossible to be hit with a lawsuit.

McAfee is a strange character, all on his own, and probably one of the more entertaining subjects to address. He’s been in “exile” since 2019 due to allegations of tax reporting. Quite recently, he opened up quite the can of worms by retelling an alleged event regarding him, Joe Rogan, and, of all things, twin dwarf prostitutes that Joe allegedly stole from him.

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      A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.