Topic: Bill gates says cryptocurrency is bad - page 49. (Read 148479 times)
It might be right. Some people use bitcoin blockchain as a carrier to those illigal transanction.blockchain designed for owner protection and securiy.
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 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 don't know how deep bill gate knowledge about cryptocurrencies, but everyone has their own opinion about it, about the risks, I think every movement of people to get or earn a profit always has a risk, the main point is how to manage your capital, how to use it in a good management, cryptocurrencies also has a risk in it, but if u use it wisely I'm sure you will minimize the risk
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 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 am not as smart as billgates but i do not think that cryptocurrency is bad since bitcoins is helping people to improve their daily life and achieve their dreams in the future since most of the people today are having a hard time to work on the corporate world.
Every thing is life has its pros and cons. If they say crypto currency is bad because it is used by criminal, money laundry and for drugs they are not wrong in saying that for some use it for that purpose . Fiat currencies are used by some people for the same bad things
Bill Gates said that Windows 95 is an awesome good stuff. Since then I don't trust his opinion 
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.I also had to think about that when I read the article. Bill gates is successful, but I think he is not right in all things.
Maybe it just annoys him that he did not buy bitcoins earlier.
I think he's cheating on all of us, and he's doing it to lower the price of bitcoin. In fact, I think in the future everyone will start using it as a payment
Bill Gates said that Windows 95 is an awesome good stuff. Since then I don't trust his opinion .
. 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 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.
This is the most ridiculous thing I have ever heard and filled with double speak and politics.
Claiming that crypto causes deaths in a direct way is the most insane thing I have ever heard.
A vast majority of drugs are not bought with crypto, it is bought with cash.
So if we believe that what he says is true, that means that anything used to buy drugs causes death in a direct way.
So cash is evil.
Doesn't that sound stupid?
On top of that, he is totally uninformed.
Crypto is not mostly used to buy drugs.
The vast majority of the world uses it for normal things and those who don't use it, only trade it.
But, what he says about speculation is true and this is pure economics.
Any kind of exploding, speculative markets have huge risks.
Crypto will never go away, but the bubble economy surrounding it very well may go away.
This goes to show, that there is still a lot of misinformation about crypto out there, even amongst tech giants like Bill Gates.
Bill Gates is a great businessman. But he used to talk about bitcoin only good reviews. I don't know why he changed his mind.
Bill is a prominent person but it does not mean that he cannot mistake. As far as I know he ignored linux and did not consider it as a perspective product but now almost all internet is working on linux commonly and of course an amazing thing, Bill ignored networks when they bear but rigth now nobody can imagine PC which is not connected to any network. Generally speaking it looks like Bill could not enter on this business in time so he is upset.
I think it's an old song. Bill gates billionaire guys, he has his cockroaches in his head, what he thinks few people are interested in, especially in cryptocurrency. He tomorrow will tell the Euro is bullshit because he keeps his fortune in dollars:) And that everyone will believe?
Mr. Gates pays a lot of attention to bitcoin, do not you notice? I think that his attention is due to the fact that he is directly involved in investing and if today we are talking about the fact that bitcoin is not good, then let him stay away from him.
Yeah but you have to consider bill gates point of view, he is the owner of microsoft and he dont want any cryptocurrency to become an real rival for his own company ! So why would he recommend cryptos then ?
The risks of cryptocurrency are very large, you can earn a lot of money or you can lose everything. You can not risk the money that is very important to you!
Whether it is bad or not, i will still continue to invest as much as i can, because i see the value if my hardwork, being in altcoins for so many months i could say that i earn a living for investing and doing it, so ill keep going whatever happens
If from his perspective he is uit rigth, as crypto is aiding illegal deals,drugs baron,terrorist can all be eatablished using the privacy platform of crypto to transact among themselves.
Crptocurrency is bad to those people who know nothing about this because of the risk. Bill Gates might right but we have our own opinion and if you think you are confident enough with this then go for it after all those big guys will use bitcoin soon and promote their own coins.
So you're telling me 1) If you know about cryptocurrency then it's good for you; 2)Bill Gates doesn't know about cryptocurrency, he's nothing special in IT and doesn't understand anything; Right?
So: 1) Cryptocurrency ain't bad or good, it's just a tool; 2) Mr. Gates understand everything, he just see the obvious thing that nowadays cryptocurrency are mostly used for fooling people so he want to warn people they can lose their money
I think he said what many thought and understood about. Another thing, why he said about this right now, and not a year ago, when there was a wave of growth of the crypto currency? His words immediately caused the drop in the cost of bitcoins, the impression that they simply did not allow him to rise above a certain price bracket.
Seems like Bill Gates is a bit out of touch with the use case of most coins and tokens. In a way he's right that there's not much legitimate use at the moment besides hoping for price increase. But soon the tokens will begin to play a role in many people's life and we will see broad adoption.
That's right. We just need to go with the flow as the cryptocurrencies are still in its early stages that's why its value is fluctuating and cannot find its stable value yet. The truth is that most of the coins have no real value because the whitepaper is just attractive but the project itself is not implemented so it would end up in speculation for some time before it will have its real value if the project is already implemented with all of the plans applied by the developers. It is still early to conclude that cryptocurrency is bad just because it is full of speculation and the use case of the coins are not followed. In a few years time, coins will be used as what they are supposed to be.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.
Crptocurrency is bad to those people who know nothing about this because of the risk. Bill Gates might right but we have our own opinion and if you think you are confident enough with this then go for it after all those big guys will use bitcoin soon and promote their own coins. 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.
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