John McAfee Declares Total War on the Hidden Hand of Exchange Centralization

John McAfee took aim at the centralized cryptocurrency exchange paradigm this week, firing a salvo of warlike tweets at 9th-highest ranked crypto exchange HitBTC and calling for a boycott of the platform.

The crypto exchanges have become the thing that we have originally fought against.

McAfee's all-out assault on HitBTC appears to originate from a tweet originally posted by a McAfee executive team member, which was subsequently retweeted by McAfee with a call to arms.

Blockchain cybersecurity platform Hacken recently launched Crypto Exchange Ranks, which ranks exchanges based on liquidity, compliance and reliability, public opinion, and more.

CER ranks public opinion of HitBTC with a rating of 4.18, the seventh-worst platform of all exchanges tracked.

Our exchanges are connected to our banks and our governments.

To take down the entire system, we must first take down our exchanges.

The exchange wars, according to McAfee, are only just beginning.

Until widespread cryptocurrency adoption occurs and it's possible to pay for goods and services directly with cryptocurrencies, exchanges function as a bottleneck through which intangible cryptocurrency can be converted into tangible real-world value.

Any centralized exchange is susceptible to the influence of the legacy power structures that are threatened by cryptocurrencies, and are thus antithetical to blockchain technology itself.