Hello All,
Some of you may or may not know that I have extensive experience in blockchain technology, and run several businesses utilizing the technology... with and without smart contracts.
The ethereum address attached to the Q picture in McAfee's instagram... might be a scam attempt from one of his social media guys.
The reason I say this:
Every transaction on mainnet ethereum have been triggering the transfer function on a WHACK'D ERC20 token, sending back and forth with UniSwap... which is a decentralized exchange protocol. Meaning there is a very good chance whoever it is is just trying to earn easy free money off the news.
That being said... it's very weird, and if that address starts processing transactions with signed message data, or anything significant that I see, I will let you know.
But for right now, this looks like it could be the social media guy trying to make a quick buck.
For what it's worth. I don't believe McAfee is actually dead. Something weird is going on behind this, but that ethereum address I think is a bit of a distraction.
The tokens or coins are created out of thin air literally just a box that you put a number in and that's how many coins you have. This can only be done at creation however and it will normally be a locked amount but some contracts allow for infinite coin creation. So the scammer in the scenario would have to be a developer or whale with a already significant stake in the coin and wants to see the price increase to cash out. Unlike Bitcoin, tokens built on the ethereum blockchain are not mined they are just created through the software itself.
I’ll keep stacking gold and silver with my hard earned fiat cash thank you….
Tokens and coins are created at the time of issue, then through the 'mining' (block validation) process as a 'reward' to miners for verifying blocks. You can't just go in and say "I think I'll say I have a 1000 Bitcoins today".
EDIT: Is that true??? ETH tokens and coins are NOT mined? Never heard that before, and I've been in the space casually for about 2 years.
It is completely different than Bitcoin. The ethereum blockchain uses gas as a reward in ether which is just the processing power required to validate transactions. However all the coins are simply minted through the smart contract.
FUk ...yes ... gas. I remember that now. I haven't been deep in the space since those fucks at Binance.com locked me out of my account, would never accept my 'jpg' proving I was me (too pixelated, to large, to small ... blah blah fucking blah) and stole about 50000 RVN from me. Muther fuckers.
Sorry ... thanks for the education Fren.
They did the exact same s*** to me when they started banning US customers. I was a RVN miner till they screwed me over.