Topic: Bill gates says cryptocurrency is bad - page 6. (Read 148479 times)
He may be right but he dwells on the negative side of Cryptocurrency and not on the good side he fails to see why it was invented and the many things it solved for the humanity as an entrepreneur and a technologist he should support cryptocurrency and not the other way around.
That is what he probably thinks and he's entitled to that but as much as i Know we in the digital world view it differently and as such we see it as we see it and not ready to back out at the moment. They should stop hiding behind crypto for every bad thing that happens.
The crypto bubble of 2017 was a pump and dump scheme, a manipulated effort by whales and market makers. Wherever there are markets, it's almost guaranteed that people are trying to work them in their favour.
Maybe sometime later he wanted the new coins created by Microsoft.
I do not care about what he says, it is important that the crypto existed and developed a time, and it will continue to grow.
I do not care about what he says, it is important that the crypto existed and developed a time, and it will continue to grow.
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 do not agree if the crypto currency is said to be one of the bad things. Crypto currency is a great technological development. Indeed crypto currency offers several features which are very risky to be used for crime but this is not a bad thing about crypto currencies. The bad is those who use crypto currencies for crime when crypto currencies should be used for more positive activities. The bad is not crypto currency but the user is irresponsible.
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.
The problem in crypto is lack of trust. Only few projects and platform are established well and can be a good start for future modernization. But as it goes by, many projects keep launching and some of them used as scam get away. This is a bad image for the crypto. I guess, the only solution is to implement centralization on some part of crypto to avoid some incident such as this mentioned by Bill Gates
Everyone has a different opinion, as well as figures like Bill Gates and we must be able to respect the opinions of anyone, regardless of whatever it is even though reaping the pros and cons of crypto will always be there and of course there are still supporters for cryptocurrency
What real benefits in the future will bring cryptocurrency time will tell. After all, before people considered electricity to be evil. I don’t say that the blockchain is the solution to all our problems, but it’s still premature to judge its usefulness.
It's too early for now and that is a great timing for investors like us, we are investing in the potential of crypto to be successful in the future and I'm sure the reward is good for us in case it will be successful.
They said that and create FUD because they been sold all his Bitcoin, and they will said another good thing after buy Bitcoin. There are some others big investor do the samething to get profit from crypto market.
we don't know the truth, but I also feel it's just a strategy to get a low price because if big people say it then other people will be easy to believe so the market can be manipulated.so we should not take it for granted if there is news from outside without analyzing it ourselves.
We can't say much about someone's point of view as we really don't know where he's coming from. For him, it might be the right opinion towards this subject and he wants to voice it out. Anyway, he already has good life so nothing can bother him anymore. Even those negative criticisms towards him so whatever he says, is like he feels good about it. And that's important in life, being satisfied with what you are doing no matter what.
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.
In general, cryptocurrencies were created initially for the purpose of anonymous payments in the network. And the very fact of the destruction of anonymity contradicts the first reason for the creation of Bitcoin and other currencies. It's my opinion.
They said that and create FUD because they been sold all his Bitcoin, and they will said another good thing after buy Bitcoin. There are some others big investor do the samething to get profit from crypto market.
we don't know the truth, but I also feel it's just a strategy to get a low price because if big people say it then other people will be easy to believe so the market can be manipulated.so we should not take it for granted if there is news from outside without analyzing it ourselves.
Everyone has a different opinion, as well as figures like Bill Gates and we must be able to respect the opinions of anyone, regardless of whatever it is even though reaping the pros and cons of crypto will always be there and of course there are still supporters for cryptocurrency
What real benefits in the future will bring cryptocurrency time will tell. After all, before people considered electricity to be evil. I don’t say that the blockchain is the solution to all our problems, but it’s still premature to judge its usefulness.
This person actually has a very dubious reputation, despite the fact that this person was able to conquer the whole world. In a literal sense, this man has done a lot for us, ordinary people. But he was wrong with the BTC.
People like him lie constantly for their own benefit, of course, we don't know for sure what he wanted to achieve by making such a statement in the media, but the fact that it was not just so, I think many obviously
This person actually has a very dubious reputation, despite the fact that this person was able to conquer the whole world. In a literal sense, this man has done a lot for us, ordinary people. But he was wrong with the BTC.
People like him lie constantly for their own benefit, of course, we don't know for sure what he wanted to achieve by making such a statement in the media, but the fact that it was not just so, I think many obviously
It is just a joke. Microsoft is investing huge money into blockchain development and I would not be surprised if they would launch their own crypto within the next couple of years. Imagine how big the effect would be.
You know, any good invention in the hands of bad guys turns into an abomination and death.
I liked the answer from bitcoin developer Udi Wertheimer to Gates’s statement: “Cryptocurrency causes no more deaths than all other money.” I think that is correct.
I liked the answer from bitcoin developer Udi Wertheimer to Gates’s statement: “Cryptocurrency causes no more deaths than all other money.” I think that is correct.
Well, I think these things are equivalent. What ordinary money that cryptocurrency. Although the cryptocurrency due to its instability also brings enough trouble to people. Bankruptcy. Loss of faith and reason. I think so.
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.
Trust between cryptocurrency and power will not be. Since she must impose power. And the ideas of cryptocurrency do not belong to anyone. So I think that friendship in this regard will not come out. If the cryptocurrency does not turn into money.
This person actually has a very dubious reputation, despite the fact that this person was able to conquer the whole world. In a literal sense, this man has done a lot for us, ordinary people. But he was wrong with the BTC.
They said that and create FUD because they been sold all his Bitcoin, and they will said another good thing after buy Bitcoin. There are some others big investor do the samething to get profit from crypto market.
Hey you’re absolutely correct as most of these big investors including Bill here have made a habit of bashing bitcoins with the sole purpose of driving bitcoins prices down. It’s a collective efforts of the governments and institutional investors to lower bitcoins prices, then buy them and sell for higher prices. I have said it before the solution is to ignore these investors however big they’re, and simply believe in the power of holding bitcoins.
Many of so called influential people are against cryptocurrency termed to change the lives of the people across the world. So this news is not something of any surprise to investors, crypto enthusiasts and experts. But the news that many people or organizations which were vocal of cryptocurrency earlier are now considering to try their luck in cryptocurrency. So the cryptocurrency will be accepted ultimately.
Everyone has a different opinion, as well as figures like Bill Gates and we must be able to respect the opinions of anyone, regardless of whatever it is even though reaping the pros and cons of crypto will always be there and of course there are still supporters for cryptocurrency
Of course I agree with that, but Bill Gates is no ordinary person, he is one of the richest person in the world, so people would look up unto him and his words might influence the minds of investors. Me, I should not listed to anyone, because I know I can only rely on myself when it comes to investing in crypto. Jump to: