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Topic: Bill gates says cryptocurrency is bad - page 15. (Read 148403 times)

member
Activity: 504
Merit: 10
ONe Social Network.
December 07, 2018, 02:09:21 PM
I believe that he talks about this kind of things as if they were only exclusive of cryptos, money laundering was already done with unscrupulous banks or simply cash, humanity has never stopped advancing with a technology because of the misuse that can be given, or he does not remember the demands that the government gave him for trying to form a monopoly with windows?
member
Activity: 476
Merit: 10
December 07, 2018, 02:09:08 PM
Bill Gates is a businessman and I smell like there is a fear of Bill Gates on cryptocurrencies  Cheesy, whatever Bill Gates said about the cryptocurrency will not stop the growth of cryptocurrencies. therefore I don't think there is anything to worry about this Bill Gates statement...

Before becoming a quick businessman, he was a talented programmer. With a broad understanding of the business and IT fields. I think he thinks that crypto is an emerging market and there is no guarantee that it can survive. I understand why he made that comment

he might knot know a lot about this sphere so it os okay for him to say like that anyway we should respect anybody s opinion and point of view
member
Activity: 476
Merit: 10
December 07, 2018, 02:08:26 PM
In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“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.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

he is s awise person and i believe that he has a right fpr hos opinipn well maybe he was talking about one particular crypticurrency
legendary
Activity: 2179
Merit: 1201
December 07, 2018, 02:07:13 PM
Bill Gates is a businessman and I smell like there is a fear of Bill Gates on cryptocurrencies  Cheesy, whatever Bill Gates said about the cryptocurrency will not stop the growth of cryptocurrencies. therefore I don't think there is anything to worry about this Bill Gates statement...

Before becoming a quick businessman, he was a talented programmer. With a broad understanding of the business and IT fields. I think he thinks that crypto is an emerging market and there is no guarantee that it can survive. I understand why he made that comment
full member
Activity: 1260
Merit: 102
December 07, 2018, 01:57:47 PM
Quote
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.

Well its this statement that proves that the crypto has a very bright future. Drugs, underworld and Mafia is a big reality of this world and they hold around 70% of the money or even more. So this crypto industry is the only financial system that they can use and the govt won't have any control over it so that means that the crypto industry has a big financial clientage behind it.
member
Activity: 560
Merit: 10
December 07, 2018, 01:24:18 PM
Indeed what he says is true, there is a lot of abuse of Cryptocurrency, but I agree that Crypto is not bad, but the culprit is abusing it. Crypto is good  Smiley
jr. member
Activity: 238
Merit: 1
December 07, 2018, 12:55:11 PM
I listen to such respected people as Bill Gates. He speaks about cryptothermia not for the first time. And says good or bad about crypto from when it is profitable for him to speak good or bad. It's like a show to promote.  Cheesy
copper member
Activity: 166
Merit: 1
December 06, 2018, 11:53:14 AM
Life depents on thinking and our thoughts comes to our bad and good experience. And we are herewith  focussed on the topic Bill gates says cryptocurrency is bad they said while BBC News dated 1st march 2018 cryptocurrencies are killing people in a  "fairly direct way", microsoft founder Bill Gates has said. He was referring to the way digital currencies like Bitcoin are used to buy drugs. Now it is clear why they so said such statement about cryptocurrency.
member
Activity: 335
Merit: 10
December 06, 2018, 08:52:31 AM
I just saw the latest news. Bill Gates once again expressed his views on cryptocurrencies. He said that cryptocurrencies can save the poor. This is the correct point of view. The blockchain can accurately pass money to the poor. This is one of the important evidences of the value of cryptocurrency.
copper member
Activity: 336
Merit: 3
Cryptoknowmics - World's First Decentralized Media
December 06, 2018, 05:08:29 AM
Microsoft in one of the big players that have entered the blockchain industry and are already developing a variety of blockchain solutions. I think Bill will change his mind and we will see a microsoft coin within several years.
member
Activity: 396
Merit: 10
December 06, 2018, 05:07:07 AM
I think this year's cryptocurrency investors should believe what Bill Gates said. It actually tells investors that the cryptocurrency market is very bad this year, but because greedy people are not willing to believe this is true. The cryptocurrency market will only recover after three years.
sr. member
Activity: 868
Merit: 251
December 06, 2018, 01:57:27 AM
You do not think that he is just trying to save his industry or preparing a platform for his own project. That would be quite realistic.
member
Activity: 434
Merit: 10
December 06, 2018, 12:26:26 AM
In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“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.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.


I increasingly hear such statements from many of the world's millionaires. They regularly talk about the dangers of the crypto market, they call it a major scam. But hardly every millionaire wants to share the truth with other people. Therefore, I try to think with my head, and not just read such interviews.
member
Activity: 504
Merit: 14
Miracle Tele
December 04, 2018, 03:03:18 AM
        It's only Bill Gates' personal opinion, but he only considered the negative side of the market. Cryptocurrency also has positive parts. Tax evasion and drug trafficking have long existed before the emergence of the crypto market. The crypto market is a wonderful thing, because through it you can earn beautiful money with your entrepreneurial abilities and make good friends with common passions.
member
Activity: 420
Merit: 10
December 04, 2018, 02:25:23 AM
I also think the cryptocurrency is very bad. There are many scammers here. I don't buy any coins other than the mainstream. I think there will be a lot of altcoins disappearing, and only a few altcoins can survive in the future. But I believe that Bill Gates is not talking about bitcoin.
jr. member
Activity: 1218
Merit: 7
December 03, 2018, 06:07:04 PM
Bill Gates is entitled to his own opinion. My query on his comment is that he only mentioned the disadvantage of cryptocurrency and did not mention the advantages. Satoshi's project as far as I am concerned was presented to solve a problem. He wanted to eliminate the middle man when it comes to finances. he wanted people to have absolute control of their funds without interference of the 3rd party. Basically almost all technological inventions have their disadvantages, just name any invention that have no disadvantage. The blockchain technology behind bitcoin invention is now a major technology that numerous establishments want to adopt. In my view, the advantages of cyptocurrencies will outweigh its disadvantages.
member
Activity: 346
Merit: 10
ASSETSPLIT ICO
December 03, 2018, 05:40:03 PM
I believe that no news already affects crypto, the crypto market is dying. Good or bad news in no way affects the crypto coins, which are cheaper and cheaper every day.
jr. member
Activity: 518
Merit: 4
December 03, 2018, 05:07:19 PM
And why won't we believe he is telling the truth, looking the current situation of the whole bearish thing you will have to believe that some people are already been scammed because of the price they bought btc and eth, they will be among those who will say it is bad since they loss
hero member
Activity: 1876
Merit: 512
December 03, 2018, 04:19:00 PM
I think  he is entitled to his opinion, so many billionaires have said Bitcoin will die and future will proof if they are wrong or right. I think what makes this make sense now is because of the current market trend. The level of abuse we see in the space is very high that some people new that some of these ICos are scam and continue to promote them to investors because they are influencer in the space
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
December 03, 2018, 03:26:36 PM
In part, I agree with his statement. Taking into account the value systems that dominate the planet, I can say that anonymity is not always good, and thanks to it, people very often commit bad deeds.
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