Bitcoin Forum

https://www.youtube.com/watch?v=k0HmrSfJwhU
Don´t let you irritate by the Youtube title, Bill Gates says only a few words.

I am very curious about your opinion about this video, it made me thinking, but then Roger Ver popped up and im not sure what I shall think.

It just gives an introduction about bitcoin to people who don't have any idea about that.Just delivering the truth that the banking systems are the terrorists who loot the money from normal people in the name of huge transaction fees and they just print papers and send it in circulations making people believe that it is the real money.But thanks to bitcoin,especially satoshi for giving such a wonderful technology and i think the bankers are almost knocked out.

Yes, as said above, it is just a simple introduction to One of the great points that the video makes is how much money is just being printed, causing a gradual increase in the devaluation of its price. The video also makes many true points that are not really known to the average person. The world indeed is a dirty place that is controlled by very few people. This is why bitcoin and its decentralised nature is a great thing.

I fully agree with you two, I just heared that Roger Ver is a controversial person, furthermore I don´t like the argument he states at the end of the video, it´s true but kinda off topic.

I think I will keep this video, just in case I have to teach someone about bitcoin, overall it´s a nice ovierwiew.

I don't really see his point.  If BTC was fully integrated into society, I'm fairly certain that it would be regulated and taxed.  It brings a path to a form of currency that is free from government, but it's not quite there yet.  It might help destroy banks' control but it doesn't really stop governments' ability to start wars.

In general the video is okay, albeit lacking in crucial information.  All it has is a selection of vague statements about freedom, and not a lot of detail or help to get started.

It's basically a video for people who are already in an echo chamber about BTC being great and just like hearing it a lot.

I don`t care about what Bill Gates says.It would be great, if he buys a few thousand bitcoins. ;D
Implementing the blockchain technology in every day life is more important and it will bring  huge democratisation and more freedom from the banks and Wall Street.
Isn`t Roger Ver just a speculant, who wants only to make money and doesn`t really care about cryptos and the blockchain technology?

It becoming more widespread would definitely put it in the government's and bankers' crosshairs. The bankers can lobby against it. As for the government, their concern is that it not be used to avoid taxes which they live on. I hope bitcoin would get through that danger.


Can't really stop the government from waging wars as long as they have some wealth yet. If everyone suddenly switch to bitcoins, where there would be no need to exchange for fiat because we stopped using fiat, I think they'd just come up with ways to track our transactions to tax us.

I have no problem with taxation, it is nessacary to maintain infrastructure.

BUT, I don´t need banks and I want a decentralized currency which is not built on dept.

Lol! I wish the same and I believe Bill Gates must own bitcoins. It is not possible that he is giving statements about this currency, appreciating it and not giving it a try. Billionaires do invest in bitcoins in the name of big whales. I hope bitcoins attract more people ultimately riding to the moon.

It is just the first stepps (and a lot of people are still grtting it).  Most of them still see an authority in banks and banking system in general. What means that bitcoin is a threat to them and a strong bitcoin will only increase the bank fees if they won't somehow change the system. It is not enought just to show the truth. People should accept it. Ubtill that time the new bareers and regulations will only be created.

When everyone want to learn and realized financial control through the conventional bank system is a bad idea , and has created a monopoly certain groups. All will also be thinking and the bitcoin that attends as decentralized nature is a great thing. Mostly believe it can change the way financial control many people in the future.

This is just an introduction to the digital currency world. Here in specific nothing is visualised, this thread is just an promotion to make a good number of views for the specific content of the video. There is nothing to discuss about bitcoin, because the growth as well the strength it holds is very big, though there are altcoins with functions incorporated.

I think what people are complaining about taxes is that it is being used for things they don't agree with, for example, the US intervene militarily in a lot of countries and some people are not cool with that.

The only thing I'm fine with banks is that up to a certain amount the money is insured and we still use them for stuff like loans, etc. But other than that, I prefer having total control on how to store my money.

Not sure why people are even talking about bitcoin not being taxed here. Everyone should really take it off their minds that bitcoins are not taxable. It is, and we can't do anything about it. If you profit from using bitcoins then that means you owe the government for income tax. Plain and simple. Tax is not limited to only fiat currency.

I read some comments above and i agree with them an introduction to those who doesn't know bitcoin and it has a big sense because he is a well known billionaire .Talking about Roger Ver who always make a news a more on a FUD news for him to make more money and it seems many bitcpiners now is not believing on him.
Actually the videos like taht were very helpful to those who haven't started yet in bitcoins .

Bill gates and any other famous people in the world who spread the word "bitcoin" is just like a good - free advertise to the community.
This video explain about many foundational thing on bitcoin, but I really like about "a better monetary system", indeed it is.

For you, that don't want to watch it, here what he said.
Bill gates : Well, bitcoin is exciting because it shows how cheap it can be, bitcoin is better than currency and you don't have to have be physically in the same place and of course large transactions currency can get pretty inconvenient.

Great that you posted the script, I didn't want to watch anything with roger ver in it. It gets me totally annoyed to see that guy even talk.

I agree, it is good advertising for bitcoins. A good publicity from big people is nice. But maybe they are doing this because they also have a stake in this. Like they have a thousand or even a million bitcoins hiding somewhere, that is why they are spreading the word. Well, still good for use users and holders.

Well,now that Mr. Bill Gates aka The richest man on earth himself has told that bitcoin is unstoppable ,maybe people will at least consider on knowing what bitcoin is. But here is a fun fact,neither he nor his company himself use bitcoin because of the volatile and anonymity nature ,which would affect them. Lets wait and see how people are gonna react to bitcoin.

He is not the richest man on earth anymore. Only a few days ago the Amazon shares spiked up a lot which resulted in making the CEO of Amazon the richest man on earth now with a net amount of 86 billion dollars. The CEO being Jeff Bezos, he is now the new richest man on earth.

in all those years we can not do anything freely with our own hard earned money and still, people are facing the same issues due to banks. it will take maybe more 50-60years for banks to able to give such features like Bitcoin. but now thinks has changed we need no other stuff once we get to know about Bitcoin it completely changed our thoughts on money.this much knowledge even colleges and schools can not teach us till now. bitcoin completely worth spending your time.

I have seen this interview of Bill Gates but thanks for this wonderful video as it is a good remix of all the videos i have seen in the past,it will be really helpful for any newbies to trust and understand bitcoin and recently one of my girls just asked about it and asked for some videos but i could not provide a single video as there are a plenty of videos regarding it,so cheers mate.

This video gives basic details about bitcoin.Bankers are the looters who just lot the money of people in the name of transactions.If bitcoin gets more and more famous,more people would start using bitcoins instead of bank transactions and banks would start losing their revenues which they get from bitcoins.

Its a good introduction for people who know that "rich, smart guy named Bill Gates" and want a taste of the hype.

A lot of people care about what Bill Gates says as the richest person in the world, besides any promotion for bitcoin is good enough, but regardless of whether or not Bill Gates recognized that bitcoin is unstoppable the truth is that bitcoin is unstoppable and there is nothing that the banks or governments can do about it, they will try, but bitcoin is going to take over the world.

Bill says that with money it gets inconvenient when you have to make a large transaction. So true and not many people have experienced it as much as Bill, who handles large transactions daily. If you had as much money as him and wanted to keep it all under control, be it in the form of cash, gold or any other precious metals, stones, or antiques, you'd need a giant warehouse. He'd need to buy out a large bank and fill the vault with his stuff... or get some bitcoins ;)

Because the nodes of bitcoin already spreaded around the world. Bitcoin being unstoppable like what already happened with the computer. The billgate the creator of the computer says that the bitcoin is unstoppable is very true.
Just waiting for the big boom for bitcoin round the wolrd.

yes that's true video's about the bitcoins is the best and easy way to learn about the bitcoin power using internet, bill gates during he's interview says nothing can't stop the bitcoin as a decentralized cryptocurrency founding mr. nakamoto satoshi first introduce the bitcoin in his country. bill gates opinion are true because bitcoin now is famous in decenytalized currency in all over the world. the proof bitcoin legit in more country last july 2017 the korean goverment ligalized the bitcoin as a currency.

While this is very true, there still can be some fraud that happens.

I just watched the video and the one guy speaking in it said the banks are frauds and we have to rely on them for trust etc.

Well we do have to rely on miners, BUT in our case the miners are more on our side because for BTC to continue to do well we have to continue to use it. If they abuse it people won't use it. That = huge price drop. That = miners lose.

Go ask Billy and Roger to lend you $5000 if they gave you the money come here with proof so that I could kill myself, if such people wanted to give instead of taking, they would have been some unknown individuals without any body even knowing their names, you guys talk about them investing on crypto specially on Bitcoin would benefit us and the whole community in long term. you are wrong, there is no need for any rich individuals to openly support BTC. this is a decentralized currency for people and all the people not just a few. look what happens when one or just a few rich guys invest heavily on some coin, aka BCC
that's not good because when they decide to quit and withdraw their cash out of the system, the whole network would collapse because they were the only main and big supporters. maybe you all forgetting about centralization, to avoid it we'll need as many small investors completely strangers to each other to back the network up.

Correct, and this is why it is important to keep blocks small, we need as many nodes as we can in order to make impossible to take down bitcoin but if bitcoin cash becomes the preferred bitcoin, I do not think it is going to happen but you never know, then that would mean that only a few data servers will be available around the world and that would make possible to take down bitcoin.

Yes! Your right. The government need us for tax for the improvement of our country. And also I hope we can implement that without the use of greedy bankers who are the biggest loan sharks in our life.

Banks are useful but the problem is they have abused their power for too long that is why no one trust in them, bitcoin may have its own shares of problems but it is way better than what any bank can offer, I have full ownership of my money, the only one that has control over my money is me, it cannot be frozen at will and even more importantly I do not have to pay big fees just because I have a wallet.

Bitcoins are supported and loved all over the world just because of this fact that they give you complete control over your money. There is no involvement of any third party in the maintenance of your money. You are the only owner of your investment. All these features are not present in any banking system.

yes, it was just really an introduction of bitcoin and as you said billionaires do always have the latest information around them regarding on investments and other popular trend worldwide and bitcoin is one of them.He just simply explain on what it is and im sure he put up money in bitcoin too, no one really knows but possibility that he did such thing.If companies all over the world would decide to adopt bitcoin then expect prices would really surge up.

Here's where the part with Bill Gates starts if you don't want to watch the unrelated stuff:
https://youtu.be/k0HmrSfJwhU?t=108

I found the video to be q bit boring and taking too long to explain their point.
I mean it's fine to do comparisons of Bitcoin with the internet, but in this video it was a bit too much for what should have been a simple video.