Topic: Bill gates says cryptocurrency is bad - page 25. (Read 148404 times)
Most cryptocurrency is created through a process called "mining". Some developer teams "overtake" have a number of coins, which means they take a number of coins and automatically save them for the development team from the coin. This can be good if the price goes up because it can fund the team and ensure they have the resources to continue development and marketing, but it can also be a red flag. If a team needs 45% of all the coins, it's probably a quick get rich scheme for themselves and you have to avoid it. If 10% has been mined, it might be acceptable if the team uses it well. Some successful coins including pre-mining are Ripple, Cardano, Stellar and NEM. Many coins have succeeded without requiring pre-mining amounts.
The main argument of Gates was that the cryptocurrency is bad because many people use it for criminal purposes. It seems to me that he does not take into account all the positive aspects of the crypt.
If we consider cryptocurrency as "legal" or better to say "anonymous" means of acquiring drugs, weapons, criminal influence, etc.....yeah, I totally agree with him.
Even the banknotes are anonymous and can be used to buy drugs and weapons.
Do we make those too illegal?
No, I believe that there is nothing wrong with cryptocurrency. cryptocurrency is our future.I don't see anything wrong with her.
He in no way criticised the technology that makes up the backbone of cryptocurrency in his statement but pointed out the way humans may abuse the opportunities it creates.
Is there any link of billgates saying that cryptocurrency is bad? can you give us? but if he say that im going to use mac right now. Kidding i think all of the people have a different point of view and that's he's view let him
Yes indeed this might happen because I see altcoins always approaching zero, but seeing fans very much. I think the cryptocurrancy currency will still be able to survive in the long run. At this time altcoin can do a very good future with their tokens and programming bases, like the case with cryptokitties it's really fun and interesting.
Many also seem to say so. But if I just be stoic. Not going to think about things like that. because in fact many also can succeed through the crypto. Everything will definitely always there who liked and also hate.
Bill gates is entitled to his opinion. But you won't tell me that Bill gates has no single Bitcoin. Don't be deceived into believing everything influential people say.
Well one thing I believe is that everyone is subject to his or her opinion, I don't care who is giving the opinion, I only care about the basis in which the person has given such opinion. But I am yet to be convinced by what he said in that article, if he really say it.
If there are anything good that has happened on earth, then Cryptocurrency should be one of them.
If there are anything good that has happened on earth, then Cryptocurrency should be one of them.
i'm a fan of that school of thought.
How do you expect conscientious investors to come and invest into a system that will contribute to several societal vices.
Most of these investors oversees huge charity contributions etc.
For the sake of humanity, KYC and other minor regulatory hurdles should be well embraced.
When such gets achieved, the outside world will take us more seriously and invest strongly in the system.
At that point; proceeds of fund already invested in the system will also start paying off.
How do you expect conscientious investors to come and invest into a system that will contribute to several societal vices.
Most of these investors oversees huge charity contributions etc.
For the sake of humanity, KYC and other minor regulatory hurdles should be well embraced.
When such gets achieved, the outside world will take us more seriously and invest strongly in the system.
At that point; proceeds of fund already invested in the system will also start paying off.
If we consider cryptocurrency as "legal" or better to say "anonymous" means of acquiring drugs, weapons, criminal influence, etc.....yeah, I totally agree with him.
May be Bill Gates is the richest guy in the world, but for sure not the most intelligent: he often says a lot of bullshit, an this case is just one of them.
Some people are using the negative side of crypto currency alone to judge it they had forgot the positve impact of crypto. Some out side it are ready make research and get the real truth of it.so they caled it series of name
Cryptocurrency truly has its bad sides but if you have researched beyond just the surface you will realise cryptocurrency coupled with the blockchain technology good sides surpasses the bad sides. 
Everyone has his or her rights to pass certain kind of judgments based on the person's perception of a particular thing, Crypto is still not very well understood by a certain elites, a lot call it bubble and the government seems to be indifferent about it also, the fact is that he has made his opinion and he is entitled to it while we keep making money
Bill gates is already aged, conservative and loves "live money". He definitely has a right to his own opinion, although I would not have been so categorical.
That is his perspective and I value his choice since its for a decent motivation. I don't completely concur with his choice however. Digital forms of money when all is said in done have a borad utilization and namelessness isn't its main element. There are individuals who abuse it for wrong purposes and certain measures can/ought to be taken against it. In any case, there are a significant entire parcel of different things for which cryptographic forms of money can be utilized. I trust the positives are very more than the negatives.
Bill Gates has a point however. The crypto world gives the hoodlums the chance to spread guiltiness without being followed. This is the drawback of cryptographic money. As a result of the opportunity individuals are given on making unknown exchanges, wrongdoings are likewise secretly done.
We should hear opinion of these people like Bill Gates and analysis, if it's correct then what is our solution to improve weakness and take action base on that.
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