Named for the anti-virus software developer, John McAfee SwiftMail is a new free, peer-to-peer, proof-of-work, encrypted mail system that uses the technology underlying Bitcoin to replace email.
On the John McAfee SwiftMail website, the system is described as “the ultimate written communication privacy tool” and includes the following comment from McAfee:
“When you first meet someone, you don’t divulge your deepest secrets. If privacy doesn’t matter, would you be willing to give your wallet to a total stranger and let them go through it and write down everything they find inside? Then why on earth would we believe that if we’re not doing anything wrong, we shouldn’t care if someone has our information?”
According to a press release issued Tuesday, the system uses 0.001 SwiftCoin to send mail and attachments on any device that operates on Android, Window or Ubuntu. The mail recipient will send back the same amount in SwiftCoin to reply, resulting in a zero net cost for sending and receiving John McAfee SwiftMail.
Developed by Daniel Bruno, a chartered market technician, SwiftCoin is a decentralized, peer-to-peer, proprietary proof-of-work digital currency and transaction network. SwiftCoin can be bought and sold for Bitcoin and fiat currencies. The press release said the SwiftCoin blockchain confirms all mail and payment transactions without any centralized approval or manual intervention.
According to the SwiftMail website, SwiftCoin is valued at approximately one dollar and market mechanisms are in place to discourage any inflation, deflation and volatility. A limited supply of complimentary SwiftCoin may be available to each first-time user of SwiftMail.
The press release said a SwiftMail wallet address comprises a string of alphanumeric characters, not unlike a Bitcoin address. Users can get as many SwiftMail wallet addresses as they want with one click. The system employs 256- bit, end-to-end encryption, and SwiftMail users can store their wallets on a computer, external disk or a USB key.
The website describes John McAfee SwiftMail as “very user friendly” with a simple download to run the system. The technology uses intuitive red, yellow and green bands to let the user know if and when their mail was received and by whom, and eliminates the need for confidentiality notices put at the bottom of emails.
Image via press release (image link)