John McAfee: Bitcoin is a Great Idea

Posted by admin on Tuesday, April 28, 2015

John McAfee Money Quotation saying hacking threatens bitcoin digital currency wallets on cell phones, so it could be at risk there. John McAfee said:
 
Bitcoin, generally, is a great idea. Keeping wallets on smartphones is the worst idea of the decade Quote
 

“Bitcoin, generally, is a great idea. Keeping wallets on smartphones is the worst idea of the decade” — John McAfee

 

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John McAfee, who is saying that keeping bitcoin wallets on smartphones is a risky idea. Since smartphones can be lost, stolen, or hacked more easily than desktop computers, anyone who stores the private keys to their bitcoin wallet on a phone runs the risk of losing all their bitcoin if something happens to that phone.

Without access to the private keys, the bitcoin cannot be recovered. By calling it “the worst idea of the decade,” McAfee is strongly warning people not to keep their bitcoin stored on smartphones due to the security risks involved.

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