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The Breakdown

John McAfee and the End of Crypto’s Gonzo Era

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 25 June 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

The passing of an icon in crypto necessitates reflection. John McAfee was at times reviled, and at the same time, deadly serious and a prophet, sometimes a clown. The many facets to his personality mirror the roller-coaster history of crypto, a Wild West of finance in its earliest days. Join NLW in this episode of “The Breakdown” for a journey first through the winding history of McAfee, followed by a narrative tour of the many flashpoints in the “gonzo” era of early crypto. Full transcript: https://www.coindesk.com/podcasts/coindesk-podcast-network/john-mcafee-end-crypto-gonzo-era -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at https://nexo.io/ -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com

Transcript

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0:00.0

John McAfee died yesterday. He was 75. However it happened, it happened. And with it,

0:06.1

something larger passed too. And sure, there are still some gonzow people. But overall,

0:11.1

with every week that passes, the industry becomes a little less gonzow and a little more

0:15.8

Goldman Sachs. Welcome back to The Breakdown with me, NLW.

0:22.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:28.8

The breakdown is sponsored by nexo.io and circle, and produced and distributed by CoinDess.

0:35.8

What's going on, guys? It is Thursday, June 24th.

0:39.8

Hunter S. Thompson wrote,

0:41.4

Some may never live, but the crazy never die.

0:45.5

Yesterday, John McAfee died in his Spanish prison cell,

0:48.7

waiting to be extradited back to the U.S. to face trial for tax fraud.

0:52.4

Just hours earlier, a Spanish judge had cleared the

0:55.0

extradition to go through. The internet is, shall we say, not buying it. McCaffee was one of the

1:00.4

wildest characters in crypto. I mean, he would have been one of the wildest characters in any

1:04.5

industry. It's just that crypto came to suit his particular brand of crazy. He was at turns

1:09.3

reviled, lionized, a bad joke, a deadly serious

1:12.5

warning, a clown, a prophet, a caricature, a soothsayer, a shit-coiner, and a true believer.

1:19.3

Whatever he was, he was unignorable. He was an icon, an icon of an era of crypto that is

1:24.9

quickly passing by. History is a messy affair. Historians like to

1:30.0

use emblematic events to mark passages from one phase to the next, even if the reality is by no

1:35.1

means that clearly organized. Hunter S. Thompson had something to say about this, too. He wrote,

1:40.0

History is hard to know because of all the hired bullshit. But even without being sure of history,

...

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