Bitcoin Forum

https://www.cryptocoinsnews.com/bill-gates-bitcoin-technology-key/


 :D

He is very careful to mention that he doesn't think BTC will be the one. More and more I get the feeling that btc is the experiment. They will watch it and learn as it fails, then make a crypto that fixes everything that is wrong and copies everything that works, put their billions into marketing and infrastructure (or hop on btc's existing infrastructure) and go from there. Like he says - most don't care about anonymity, they want security and convenience.

Not good news for btc imo

Does someone think he owns bitcoins?
I don't know but he looks to be interested in it,but not so as to own
anyway, he says that it is cheap,and he is a really clever man  :D

It would be great if Bill Gates invested some millions in creating great books about bitcoin, making such a big white elephant enriching us all.
He loves books in large amounts and fancies a lot things like e-learning platforms like treehouse and so.
So it is not a far-fetched idea. He is all for knowledge and it seems he sees potential in bitcoin.
And the foundations of bitcoin still need a lot of teaching, good documentation and stuff. This would make it much more likely it gets better and more widespread at its core.

At this day and age, ppl still think Bill Gates is some genius ?

I mean dont they at least read a book or two about him? Innovation has never been his strong suit. Hes smart in stealing technology and using monopoly to stop every competitors.

Same with Facebook, it was never Mark's idea. Had the Cameron twins knocked it down within 20 days of being online with lawyers and all lawsuits, Mark would never be an billionaire asshole today.

It's very unlikely he owns any BTC as an investment.  For the last 20 years, his wealth is managed by Michael Larson:

http://www.slate.com/blogs/business_insider/2014/09/20/bill_gates_investment_manager_michael_larson_runs_cascade_investment_llc.html (http://www.slate.com/blogs/business_insider/2014/09/20/bill_gates_investment_manager_michael_larson_runs_cascade_investment_llc.html)

"Melinda and I are free to pursue our vision of a healthier and better-educated world because of what Michael has done," Gates told guests at the party.

I would doubt that he owns any bitcon as an investment as he would need to own too many bitcoin for it to make up any portion of his net worth for the return on his investment to have any meaningful affect on his overall investments.

I would think that he is more interested in the technology and how he can leverage bitcoin to profit off of it (likely by providing some kind of service related to bitcoin)

He is a genius. If he involve on Bitcoin that means he is going to make million of dollars from BTC.

No dumb fck, if hes involved with Bitcoin, that means he will copy it and release his own coin then use his money to kill every single Bitcoin business.

Didnt you ever learn shit about Bills?

OKaaaay, and then bitcointalk guys fights over this again. These billionaire geeks doesnt want to fight with each other... They want to make money with each other!!

What's the point investing millions in making an altcoin that does what bitcoin already does?

The last thing we need is another altcoin.

Especially a centralized one.

maybe he means copying an altcoin that is also decentralized.  there are a lot of things about bitcoin that could be fixed.  i dont think it costed satoshi millions to start up bitcoin.

He probably bought 100 million dollars at mt gox. watched them crash and still smiled then bought 100million more elsewhere... Oh you mean it went up a X 10... Fine call it 1 billion to the current sellers.

Still on top... and could be an easy contender for buying a billion dollar bitcoin....

When bill Gates invested on Microsoft it was the first of its kind... Bitcoin is also the first of its kind... but you don't see Mr gates investing on BTC.
.do you?

Makes me wonder, is this really a big conspiracy...?

Are you saying bill gates is satoshi?

First thought: Man he looks old these days.

But I agree with him, it's hard not to.

no, steve jobs is.   8)

first i think, most people dont know about bitcoin and they dont care about ML or terrorism.
the beauty of bitcoin is, you will have full transparent deals because alot of people dont care about privacy and you will have people who are hard to trace (dark wallet etc). so we dont need a new system. its all there.

Bitcoin doesnt care about bill gates.  This is just 1 guy's opinion like peter schiff or mark cuban.   We have other guys like richard branson saying things like "bitcoin is working" and "bitcoin is here to stay"

Actually, bollocks. Neither you nor Bill Gates have a clue what your talking about.

For a start, Bitcoin is not a centralised money issuer, so who is "they" in the phrase "They will watch it and learn as it fails" ? There is no "they" other than the flotilla of alt coins that has emerged and consistently failed to get anywhere near Bitcoin's market cap. Not a single one of them has made the merest dent - apart from maybe Litecoin which for a few weeks managed to reach a paultry 5-10% before falling back into oblivion.

Secondly - hashrate. The bitcoin network hashing power is now measured in "Peta" hashes. That is a phenomenal amount of network power that dwarfs everything else into insignificance. That kind of network power doesn't appear overnight. JP Morgan, Goldman, Microsoft, the NSA could spend as much money as they like and never get near that hashrate and level of redundancy. What that means for holders is **security**.

Thirdly - network effect. It takes years for the kind of infrastructure that Bitcoin has (and is evolving) to be built up. Just looks at the latest Circle offering for example. For an enterprise like that to get off the ground takes years of evolution. No VC is going to go near a digital currency that hasn't proven itself. Bitcoin has been Hacked, Goxed, "China"d, "Malliability"'d and generally kicked to death in the press and emerged from all of that without a scratch. You can't spend your way into that kind of confidence. After 6 years it's now having a ton of investment ploughed into it and we've yet to see the half of that start to bear fruit.

Fourthly - institutions. It takes 1-2 years for an ETF to make its way through the regulators red tape. Towards the end of this year we're going to start to see the first major vehicle for institutional investment in Bitcoin. That will be a game changer and probably the final nail in the coffin for any potential contenders.

Make no mistake, alternatives had their chance and didn't even get near - Bitcoin is simply too far down the line already for any turning back. Whatever technology enhancements are needed from now on will be applied to Bitcoin itself rather than starting from scratch.

good post

imo bitcoin will always be number 1 , but do feel there is room for some of the other early alts too

not everyone wants the full corporate bodywrapping that bitcoin is having applied

No it was not. He stole Windows from Xerox/SRI.

Bill Gates is retired and on pension. His interest in Bitcoin is purely acedemic and general knowledge.

He owns enough money, to be the biggest whale in the bitcoin ocean, and then he gives the mayority away, and within a year, he is the richest man in the world again.

I would most certainly not break my head on Bitcoin, or any other crypto currency for that matter, if I had that amount of money and investments.

Bitcoin for him, is like playing with Monopoloy money. {Geek Coin}

Yeah, cause we all know how well that worked out with Bing

 ::)

Not necessary early alts. Only alts have distinctive feature will survive and come out.

If things continue on as they have been going, it will probably be easier to massage Bitcoin into something that is better.

If there is a BIG change in technology, or the politics of the world, only then might we see a new form that is not Bitcoin at all.

:)

if Bill Gates doesn't adopt Bitcoin, he is going to end up being as the worlds biggest bagholder of fiat!  ;D

If you take the investor out of "fiat" - the "i" - you've got "fat."   :D

I agree with the original poster Zimmah please re-read his post, he didnt say it was going to be a replicate of Bitcoin, he said they will watch it and see what causes its failure then do their own strategy fix the broken parts and blast the scene with a better coin. Do you know much about bill gates, he had a dream  that was not working as he planned actually, he then befriended and took innovative tech from IBM, Zerox and even apple to make his dream a reality that took over the world, then he created a generalized monopoly on his dream so no one can compete with him until it was to late, copyrighted his thoughts so no one could steal his toys,. Now if he did this much damage with computers on his way to riches and the top 10 wealthiest men on the planet, what do you think he will do with an open source project.

Entrepreneurs usually are very short sighted and only want to earn fiat money, they seldom know where are all their earned money coming from originally, once they realize the fiat money game they have been playing all their life time, they will begin to understand the potential of bitcoin

He likes the fact that it's cheap but wants a network that is also not anonymous.
But it's the fact that it's permissionless that makes it cheap, and you can't have a permissionless network differentiate between users who are anonymous and those who aren't.

actually, you are missing my point. Maybe I wasnt clear when I mentioned btc being the "experiment" and you interpreted that as my beleif that it is doomed, this is not my belief.

I was trying to point out the bias of the reportage. Bill was careful to put out that he "doesnt think btc will be the one" right away at the beginning when asked about it. That is not a pro-btc stance imo. What he implies is that the technology is good, but the specific product of "BTC" wont make it. I want toi disagree wholly with his opinion, for sure (I back the btc) but none the less, his position is to not definitively name btc as the winner of the crypto race. Of course these type of billionaires are usually vague about the future and careful to not say anything that could be interpreted as investing advice, so he is more or less obliged to appear to not definitively support it or oppose it in any way.

That "they" are watching to see what it does is not ridiculous at all. "they" meaning tech and financial giants. They know they cant do anything about btc, they cant stop it or control it, so what do they do? they watch, they look for weaknesses, something to exploit. They hope it fails and they can replace it with their pony. Good luck. The thing is, btc could fail. Sorry to burst your bubble, but it could dwindle and fade just as easily as it could "to the moon" no one knows which way it will go, me, the banks, bill gates, or you. I am sure that "the powers that be" are paying close attantion and have duly noted the successes of btc, hoping to exploit any failures to their advantage. Not FUD, just the way it is.

That said, his words are good for the idea of cryptos in general (good for joe sixpack to hear this) but not for btc specifically. From what I can tell from his statements is he's looking towards something like ripple or similar (please, again, not me saying this but BILL!)

Its inconsequential nonetheless. I feel like I felt on New Years Eve 1999. Everyone was dancing around, partying and shouting at midnight. "Yay Happy Millenium!!!" and there's me ... "Shut up! Shut UP! The Millenium doesn't begin until 12AM January 1st 2001!!!!!"

Nobody wants to listen.

I think he really does not know if bitcoin will be "the" successful crypto currency or not. I certainly agree that all of the altcoins add zero value above what bitcoin can offer today, however it would be very well possible that someone thinks of some feature for an altcoin that bitcoin cannot offer and actually be useful

We all know BTC has flaws, but what most tend to forget is, the flexibillity of the protocol. The Bitcoin protocol is not set in stone, it can be changed. Only question will be, if the changes would be adopted.

What is stopping developers of BTC to adopt features from other Alt coins, when they in theory, was the source of their existance?

So even if a brand new coin, with 100% original code are released, it would still have to go through everything BTC has gone through to proof it self.

Back to Bill Gates - I doubt if he will go through all the drama, to "hijack" BTC to create his own currency. Why create something new, if the thing that you are trying to re-create are already doing what you want it to do? They might integrate BTC within the OS and derive income from that. {Development wages are high and marketing even higher}

The added benefit of using BTC is the broad adoption from both consumers and merchants, that are already in place with BTC

They do not have to buy out a company or pay a company millions to use BTC because it's open source and free to use.

He probably has some Bitcoins in his pocket. Bitcoin is all an experiment at this point, a profitable one for that matter. But it's just waiting to be 'frog leaped' by something better...

Don't trust anything this guy says  :P

Yup, I keep reading this from this person and that person, but no one can come up with a scenario.  Bitcoin is the first of a new technology.  It is so new that the old rules just don't apply.  This isn't Blackberry vs. Iphone.

Some altcoin comes up with a "killer app" or innovation that makes Bitcoin obsolete, and Bitcoin users refuse to hard fork to compete?  Cmon!

The only thing that is remotely possible is some organization with HUGE credibility comes up with THEIR altcoin and sheeple flock to it.  And in that scenario, it would only compliment Bitcoin, not obsolete it.  Plus, who is going to dump the resources into what it would take to compete with Bitcoin as it is today?  No one.  Let alone what it would take when/if Bitcoin shows undeniable success to EVERYONE.