Topic: [2018-02-28] Bill Gates: I Don't Think Bitcoin's Anonymity is a Good Thing - page 2. (Read 288 times)
February 28, 2018, 01:58:59 AM
The psuedonymous nature of Bitcoin is essential to it being a free (in terms of ability to send to anybody) or uncensorable form of payment. If you link Bitcoin to real world ids, then governments may browbeat the receiver / sender of transactions to toe their line, if they cannot get to the counterparty. People don't think cash is evil just because it is anonymous (compared to Bitcoin's pseudonymity). As xhomerx10 said, would anybody blame the postal department for what gets shipped through its network.
February 28, 2018, 01:27:56 AM
"The main feature of cryptocurrencies is anonymity and anonymity is bad because people buy drugs" - what else could we expect to hear from a man behind the OS with a ton of built-in spyware?
But it's funny to see how some people panic and think that it can crash crypto market - maybe they though that old elites, governments and corporations will embrace cryptocurrencies. Well, it's not going to happen soon, because they view cryptos and disruptors, and they will surrender only if the population will start massively adopting cryptocurrencies.
But it's funny to see how some people panic and think that it can crash crypto market - maybe they though that old elites, governments and corporations will embrace cryptocurrencies. Well, it's not going to happen soon, because they view cryptos and disruptors, and they will surrender only if the population will start massively adopting cryptocurrencies.
Government do taken an extra measure before making it legal in their country and reason few countries have banned and many still left in lure with what to be done is due to this anonymity as it can bring a devastation to the country if it is misused and thus they need to regulate this space if want to make it legal.
February 28, 2018, 12:10:44 AM
Good thing that you brought HSBC because I have read numerous articles eversince that they are 'part' or being used as hedge for laundered money. This is a far back as mid 2000's, and bitcoin was not even in existence that time.
As for the threat on Banks, yes its pretty obvious by now that they are really afraid of bitcoin and crypto. They are not happy because crypto are taking the slice of the pie that supposedly allotted to them. With crypto eliminating them, we should not be surprised at all with all the attacks coming from them.
Well, someone has to whisper to Bill Gates, that crypto is not anonymous. Second argument is that fiat has been laundered tons of billions of money to terrorist and criminals around the world. If crypto is being used, I don't think that it will get close to 10%, the rest is still fiat based.
As for the risk on ICO, well everything in life has a risk. Even his empire from the beginning is a big risk, so please Bill, don't preach us about risk. Its really up to the individual on how he deals with the risk in crypto. If he doesn't like it then they can go to stocks or real state market. But the thing is take we have to take risk, just like what he did with Microsoft.
As for the threat on Banks, yes its pretty obvious by now that they are really afraid of bitcoin and crypto. They are not happy because crypto are taking the slice of the pie that supposedly allotted to them. With crypto eliminating them, we should not be surprised at all with all the attacks coming from them.
Well, someone has to whisper to Bill Gates, that crypto is not anonymous. Second argument is that fiat has been laundered tons of billions of money to terrorist and criminals around the world. If crypto is being used, I don't think that it will get close to 10%, the rest is still fiat based.
As for the risk on ICO, well everything in life has a risk. Even his empire from the beginning is a big risk, so please Bill, don't preach us about risk. Its really up to the individual on how he deals with the risk in crypto. If he doesn't like it then they can go to stocks or real state market. But the thing is take we have to take risk, just like what he did with Microsoft.
February 27, 2018, 11:11:33 PM
"The main feature of cryptocurrencies is anonymity and anonymity is bad because people buy drugs" - what else could we expect to hear from a man behind the OS with a ton of built-in spyware?
But it's funny to see how some people panic and think that it can crash crypto market - maybe they though that old elites, governments and corporations will embrace cryptocurrencies. Well, it's not going to happen soon, because they view cryptos and disruptors, and they will surrender only if the population will start massively adopting cryptocurrencies.
But it's funny to see how some people panic and think that it can crash crypto market - maybe they though that old elites, governments and corporations will embrace cryptocurrencies. Well, it's not going to happen soon, because they view cryptos and disruptors, and they will surrender only if the population will start massively adopting cryptocurrencies.
February 27, 2018, 10:09:49 PM
http://abcnews.go.com/US/drug-sellers-exploit-postal-service-ship-fentanyl-us/story?id=52588122
If I may rephrase Mr. Gates,
Right nowcrypto currencies the US Postal Service are is used for buying shipping fentanyl and other drugs so it is a (network of people and) technologies that has caused collect, transport, process and deliver deaths in a fairly direct way.
edit: grammar
Quote
Sellers of illicit fentanyl in China prefer to ship through the U.S. Postal Service because delivery is “basically guaranteed,” according to a new congressional investigation.
An explosion of fentanyl and opioid use in the United States in recent years has led to a staggering number of overdose-related deaths.
The nearly year-long, bipartisan investigation found that drug traffickers “easily” ship fentanyl and other synthetic drugs from China to the U.S., using the international arm of the Postal Service to avoid detection and interdiction by customs authorities.
The current fentanyl crisis is fueled by supplies from China -- the primary source of fentanyl and its precursor chemicals shipped to the U.S., according to a 2016 Drug Enforcement Agency (DEA) report.
An explosion of fentanyl and opioid use in the United States in recent years has led to a staggering number of overdose-related deaths.
The nearly year-long, bipartisan investigation found that drug traffickers “easily” ship fentanyl and other synthetic drugs from China to the U.S., using the international arm of the Postal Service to avoid detection and interdiction by customs authorities.
The current fentanyl crisis is fueled by supplies from China -- the primary source of fentanyl and its precursor chemicals shipped to the U.S., according to a 2016 Drug Enforcement Agency (DEA) report.
If I may rephrase Mr. Gates,
Right now
edit: grammar
February 27, 2018, 09:47:08 PM
Bill Gates clearly doesn't know that bitcoin is not an anonymous cryptocoin, but what was his point?
I reckon he failed to realize that banks, the cartel that we know it is, are the largest launderers of drug money and all others from criminal enterprises as a service.
I also reckon the cryptospace is a threat to the banks' monopoly in money laundering and they will do anything within their power to block bitcoin and altcoins from competing with them. Something which they cannot stop, sadly.
Did you know that the biggest money launderer in the world is rumored to be HSBC?
During today’s AMA, Gates was asked for his general thoughts on cryptocurrencies. Here is his full response:
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The [government’s] ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”
Read the full article https://www.forbes.com/sites/ktorpey/2018/02/27/bill-gates-i-dont-think-bitcoins-anonymity-is-a-good-thing/#425fe4471395
I reckon he failed to realize that banks, the cartel that we know it is, are the largest launderers of drug money and all others from criminal enterprises as a service.
I also reckon the cryptospace is a threat to the banks' monopoly in money laundering and they will do anything within their power to block bitcoin and altcoins from competing with them. Something which they cannot stop, sadly.
Did you know that the biggest money launderer in the world is rumored to be HSBC?
During today’s AMA, Gates was asked for his general thoughts on cryptocurrencies. Here is his full response:
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The [government’s] ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”
Read the full article https://www.forbes.com/sites/ktorpey/2018/02/27/bill-gates-i-dont-think-bitcoins-anonymity-is-a-good-thing/#425fe4471395
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