Bill Gates: I would put against bitcoin - page 7.

kaya11

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SOL.BIOKRIPT.COM

Quote from: 2fresh on May 08, 2018, 06:39:43 AM

He has been positive about bitcoin, then negative, then positive again, now he is negative again. What's this guy's deal?

Maybe it is the signs of of a person that is getting old, sometimes you don't get it-what they want, what they are trying to say, what are they doing that you see but you don't understand.

He maybe the smart-ass or one of the founders of Microsoft but I guess his time is finished and he should let it to the youngsters that are more intellectual and competitive than his generations. Or he is just jealous on why didn't he ever thought of this blocking technology, and some other guy called Satoshi and friends did(well if he had some). Walkie-talkie are no more, we are experiencing some and most brilliant innovations of all-time, and there are more to come.

PawanAggarwal

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These big people will speak negative about anything they can't have that thing in their control.

Mpamaegbu

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Once a man, twice a child!

Quote from: acmakc12 on May 08, 2018, 06:38:01 AM

"Bitcoin and ICO, I believe, I believe, these are some of the crazy, speculative things," Gates said. He added that someone once gave him bitcoins for his birthday, but he sold it in a few years.[/b]

Rolls eyes

So, he did actually take place in selling Bitcoin too. He should've given it out to charity as it was gifted him if he never believed in it. Honestly, I don't know why Gates allows himself to be tossed around by the waves concerning his stand on cryptocurrency. The other time he was silently endorsing it, now he is rebuking those hodling it. Anyway, whatever Gates strategy is, I think crypto fans should not be distracted from what they believe in.

aoluain

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Quote from: acmakc12 on May 08, 2018, 06:38:01 AM

"I would oppose bitcoin if there was an easy way to do this," said Bill Gates, co-founder of Microsoft Corporation in CNBC's Squawk Box, on Monday, May 7.

"As an asset class, you do not produce anything, and so you should not expect it to rise, it's a kind of pure investment" stupid theory, "Gates said in the CNBC program" Squawk Box. "

"Bitcoin and ICO, I believe, I believe, these are some of the crazy, speculative things," Gates said. He added that someone once gave him bitcoins for his birthday, but he sold it in a few years.

I love these points, it nice to see him state bitcoin cannot be stopped.

We dont need to produce anything in order to give it value, its a digital
technology, its value is in its supply, acceptance and useability.

Gabteb

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Noone will be intersted with his opinion soon yep i think most of people like Bill Gates wouldnt like BTC and other coins as it will take over everything new era is coming.

fiulpro

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Did someone paid him to give paid reviews ?
I remember the time when he said all those good things about Bitcoins and now what is this ?
😐 I don't understand why a man that respectable would change his thoughts and all.

At the end of the day everything is an asset .. literally everything.. then why is he doing this partiality ? He should speak again precious stones and even dollars ! And the stock market and everything else too !

KaffkaN

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gentlemand

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Welt Am Draht

Quote from: acmakc12 on May 08, 2018, 06:38:01 AM

"As an asset class, you do not produce anything, and so you should not expect it to rise, it's a kind of pure investment"

Um, what is gold then? And that's something held by central banks and weirdos the world over. There's some actual usage there but that makes up a tiny percentage of the value, the rest of pure speculation too.

He did describe it a greater fool scheme and I think he's right there, but if you hang around long enough that may well change.

renes

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Bitcoin is money, since it has also limited supply, we invest in it, not because of that it produces some value. He can already do nothing but opposing bitcoin.

acmakc12

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henke1

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Quote from: 2fresh on May 08, 2018, 06:39:43 AM

He has been positive about bitcoin, then negative, then positive again, now he is negative again. What's this guy's deal?

Bill Gates is a dinosaur like Buffet Tongue

https://bitcointalksearch.org/topic/bill-gates-would-love-to-short-bitcoin-so-why-doesnt-he-3644374

2fresh

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acmakc12

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American businessman Bill Gates again spoke out against the first crypto currency: in the Squawk Box program on CNBC, the co-founder of Microsoft called bitcoin one of the most speculative things in the world. This slightly tilted the course of the coin on Monday, May 7, but today it is still in the green zone.

"I would oppose bitcoin if there was an easy way to do this," said Bill Gates, co-founder of Microsoft Corporation in CNBC's Squawk Box, on Monday, May 7.

"As an asset class, you do not produce anything, and so you should not expect it to rise, it's a kind of pure investment" stupid theory, "Gates said in the CNBC program" Squawk Box. "

"Bitcoin and ICO, I believe, I believe, these are some of the crazy, speculative things," Gates said. He added that someone once gave him bitcoins for his birthday, but he sold it in a few years.

According to Gates, there is no need to count on the growth of bitcoin's value: "from the point of view of the asset class, you do not produce anything." The largest shareholder of Microsoft considers investing in this cryptonet "the theory of a bigger fool in its pure form."

She claims that money can be made by acquiring securities without regard for their quality and selling them at a profit, because there will always be a "bigger fool." Proceeding from the theory, speculative bubbles grow in this way, which burst with time and bring down the value of shares in a mass sale.

Note that earlier Gates accused the BTC of the death of people, pointing out that the coin is often used to buy drugs. In November 2014, the businessman called bitcoin "a revolutionary technology and the most innovative solution in the modern Internet payment market."

Like many critics of crypto currency, Gates acknowledged that the basic technology of blockchain has its advantages. Blocking eliminates the need for a third-party intermediary, such as a bank, to quickly create a secure, permanent report on the transaction between the two parties. Bitcoin is the first application of blocking technology, and companies are exploring ways to use technology to manage supply chains, trade and other areas.

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