Topic: Bill gates says cryptocurrency is bad - page 5. (Read 148500 times)
Its his personal opinion and everyone is entitled for their own say on something. I think crypto is not bad in general but we can say that its very risky because of its volatility and unpredictability. Given the right preparation, skills, and knowledge, crypto can be beneficial.
I respect his opinion. Maybe he is right. Everyone has their own opinion and this is normal. In my opinion, a cryptocurrency is something new and the main advantage is anonymity. For the state, this is a big minus since people do not pay money for their money.
I think he is wrong,cryptocurrencies are very good and lots of people in the world have already realized this.This is a pretty quick way to become rich.Just buy some crypto and hold it for a year or two.That's it.
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.
The same way Bill Gates condemned cryptocurrency is the same way Mark Zuckerberg once did. Now, Zuckerberg and Facebook wants to launch their crypto, Bill Gates might as well make a u-turn. He may even have his own crypto already through proxies. 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.
Yes, there is always a side effect of decentralization and anonymity. But if you think more globally about the purpose of crypto, without delving into its negative aspects, it does not look so bad. Crypto is a great technology and soon everyone will know about it.
Bill gates said cryptocurrencies is bad because it has had a direct effect and cost to the loss of human life and that can also be said about lot of other technologies and even real physical money too.
Cryptocurrencies have a lot of potential and the anonymity is one of the biggest attribute however world government need to find a way to regulate it that it will post less threat to the owners and also protect them from criminals
Cryptocurrencies have a lot of potential and the anonymity is one of the biggest attribute however world government need to find a way to regulate it that it will post less threat to the owners and also protect them from criminals
We don't need to blame him with the statement but we should have our own perception about cryptocurrency. Personally, I think he only views crypto from its bad sides. So, don't conclude that crypto is a bad thing just from its negative impacts. Everything has bad sides, and it is unavoidable. We just need to know how to deal with it. In this case, the government must know how to deal with the possibilities of misapplication of crypto.
They all say this but believe me, if all of them in the top government should be properly checked, most of them have tons of assets stocked in crypto form.
In terms of guaranteeing value, there are huge challenges for cryptocurrencies! But unfortunately Bill Gates is mistaken, as are these older people who refuse to change.
It is very funny how people still discuss Bill Gates's 2018 statements in 2019. Move on! Lots of new things happening.
Bill Gate is an old nerd. Nerds don't have positive thinking about cryptocurrencies in my opinion. They prefer safe investment assets and don't want to consider new technological improvements. So sad, but this is what I know about nerds.
I think it is his opinion so no one will take this as a serious statement because cryptocurrency will not be own by anyone so we cannot trust any other while making money or investing your money the profit and loss only be accepted by you so don't compare any other statement that affecting your work.
I agree. Many famous people saying bad things about the crypto, but it means that they just don’t want to accept something new.
I think it is his opinion so no one will take this as a serious statement because cryptocurrency will not be own by anyone so we cannot trust any other while making money or investing your money the profit and loss only be accepted by you so don't compare any other statement that affecting your work.
I agree. Many famous people saying bad things about the crypto, but it means that they just don’t want to accept something new. 
Do not be too concerned about that.
I guess there were many people who attacked him personally when he founded Microsoft.
I guess there were many people who attacked him personally when he founded Microsoft.
I think it is his opinion so no one will take this as a serious statement because cryptocurrency will not be own by anyone so we cannot trust any other while making money or investing your money the profit and loss only be accepted by you so don't compare any other statement that affecting your work.
Bill Gates says crypto is bad, but in secretly he is crypto investors, he just trying to manipulate the price of cryptos and he will buy when it's dump. 
I think it is natural that there are people who have such opinions about crypto because people have a different mindset. Everything has a good and bad side. All we have to do is look on the bright side. However, legal action is needed to avoid bad things. we'll see how later because I still believe that crypto will grow rapidly in the future.
Everyone has his own view about cryptocurrencies, cryptocurrencies work on decentralize platform, due to no central control many fraud ICOs came into existence, it is not a matter of miles that cryptocurrencies may be used for money laundering. Bill Gates may be right at his place but he should also know the plus points of blockchain technology, how much time is saved in doing international transactions even how much cheap these transactions are as compared to regular banking transactions. Money laundering was also there before the evolution of cryptocurrencies so for few drawbacks over many benefits one cannot held cryptocurrency a bad thing. I think blockchain technology and cryptocurrencies are the future new generation and one day every big name will accept it.
Everyone deserves a say on anything and its their right to say their opinion. I think the word "bad" is not the right term. Its more appropriate to say that its risky because of its volatility and unpredictability. Besides its a personal decision whether to be in crypto or not.
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 quite sure that if a crime is bound to happen he will surely find a way to do so and crypto is just one of the method. There is always to side to a view and whether it will be good or bad depends on you and not the avenue that can help you.
Jump to: