After Reports of John McAfee’s Support Towards Apollo Arise, Bitfi Responds
John McAfee, the creator of the infamous anti-virus software, earned a lot of attention this week after voicing his support for the privacy coin Apollo. CCN and several other publications reported that his support came with many red flags, detailing exactly how Apollo is not the privacy-focused coin that it proclaims. However, Bitfi announced that there’s multiple factual errors in the article, according to PR Newswire.
Bitfi has maintained a consistent goal of increasing the adoption of cryptocurrency by the rest of the world and publicizing an issue that could sway potential investors to take a different route is something they tend to take issue with. However, the concern is less about negative stories, but about journalistic integrity in reporting on cryptocurrency issues.
Even before bringing up the specific claims and statements made in the article, the first problem is a lack of research. CCN never reached out to Apollo for any kind of comments, only relying on the statements that the competitor made. Even with this information, the publication should have still verified the statements, apart from the ones that are considered opinions. PR Newswire points out that the Wall Street Journal would never publish such an article.
Making matters even more personal for Bitfi, the company presently works in blockchain technology and has already integrated the coin into their wallet. They have personally made announcements that vouch for the quality of Apollo as a project, along with the features and technology behind it. Bitfi insists that they would never recommend APL to their own users without significant research first, which took them weeks to compile. Comparatively, it is unlikely CCN took the same path.
There are several points made in the CCN article that Bitfi wished to dispute, according to the PR Newswire article.
1. The privacy features of Apollo are “not so private after all,” as written by the Jelurida crypto development firm.
According to Bitfi, this is not true at all. Apollo has been clear in every annoucement that the IP masking and API level private transactions would be private within Olympus 2.0, but not in any other circumstance. Every user that participates with APL must sign an agreement before they use privacy features, explaining the aforementioned conditions.
Considering that Olympus 2.0 is now active, replacing all other versions, their claim is no longer accurate.
2. Jelurida created a “snake oil” project to reveal that Apollo was not private, and that it was possible to view all transaction information.
The website that was allegedly built to support this point is not functional, which is predominantly due to the fact that Olympus 2.0 is now live, which makes the transactions private. The PR Newswire article questioned whether CCN ever even visited the website to see if they could view the private transactions. The assumption, at this point, is that they did not, considering that they would have found this claim to be false if they did.
3. Apollo was compared to a cloned project with the ability to “do tons of stuff and market it as a game changer knowing that actually is just a bad copy without the support of devs that made it!”
The argument made in the CCN article subtly took a jab at McAfee’s own software in their metaphor. Realistically, Satoshi Nakamoto is the creator of all blockchain and cryptocurrency, both of which have been used and basically cloned in various versions to provide the type of service that each platform wants. PR Newswire states that this type of approach to Apollo could be applied to any blockchain project, with the exception of Bitcoin, because they all stemmed from Satoshi’s original project.
4. Apollo claims to be “the best cryptocurrency out there” with no substantial evidence.
Every blockchain project contains some wording to entice consumers, but Apollo itself has many features that make it “cutting edge,” as PR Newswire writes. At its best speeds, transactions can take as little as 1-2 seconds. Furthermore, Apollo was the first to include an updater that requires no hard forks, and they were the first ones to launch database sharding.
There are some people that would go on further attack against Apollo for their lack of hard forks for updates, saying that it is centralized. However, consensus amongst a substantial number of people has to occur to implement the update, which eliminates the risk of the messy circumstances around dealing with a fork.
5. Apollo cannot “safely execute 2-second blocks,” or the blockchain would be rendered unstable.
At this point, PR Newswire says that Apollo has created a system that lets the 2-second blocks. The infrastructure is based on the aforementioned updater, along with Chain ID and Time Synchronization with nodes. While Chain ID is part of the development of separate chains, which are used for the validation of others, Time Synchronization speeds up the rate. With these reasons in mind, PR Newswire states that “there is no question” about the true stability and safety of these blocks.
6. Apollo could not possibly offer IP masking and public-private transaction options.
The idea of even bringing in a scam accusation against Apollo is damaging to the entire crypto market. Considering the lack of education and the abundance of misinformation in the industry, finding the truth in a story in the crypto community is a necessary for any journalist. Without proof behind their claims, investors can easily be scared off, even though this market is finally prepared to thrive.
For all of these reasons, Bitfi is essentially offering a bounty to anyone willing to investigate a little further. The first individual that finds an Apollo transaction that is sent with “privacy features (which includes coin mixing) with any tool that exists” will be awarded $10,000 USD, though Bitfi offers this option in Bitcoin as well. They wagered an additional $10,000 to the first person that can track or even find the IP address of “the account that sent funds while using Apollo (APL) privacy features.”
To visit Apollo’s website directly, go to www.apollocurrency.com