Bill gates says cryptocurrency is bad

[Caesar-Giulius]

Without crypto, tax evasion, money laundering and etc will still go on. It is not about the coins or channels, it is the people.

[1714733239]

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[Robin,Hood]

Guess who else is bad:

BILL GATES III

B     I    L    L    G   A    T    E   S   III
66+73+76+76+71+65+84+69+83+3 = 666

M S - D O S   6 . 2 1
77+83+45+68+79+83+32+54+46+50+49 = 666

W I N D O W S 95
87+73+78+68+79+87+83+57+53+1 = 666

sure it is just a coincidence 
in case anyone needs it
http://www.asciitable.com/

[Mister1k]

I too read that news. He didn't mean anything bad about crypto currencies. He is first person who gave interview exclusive on BBC and all are very positive note about bitcoin.
He mean that fairly crypto currencies are not been buy the drugs. Information shared by the news site which are all fake that is the truth.

[BarkingHawk]

Just because Bill was good at a certain thing doesn't make him the god of everything.  He doesn't have all the answers.  Crypto is here to stay.

[lovemsngr]

I think that the crypt is still at the stage of formation and a sufficient number of people simply do not understand the principles of the whole system and its advantages

[Wind_Crypto]

anonymity isn't the only feature of cryptocurrency.

There's also immutability, transparency (of execution), and smart contract incorporation etc. The good bits will outlast the bad bits, that's for sure.

[Robin,Hood]

anonymity isn't the only feature of cryptocurrency.

There's also immutability, transparency (of execution), and smart contract incorporation etc. The good bits will outlast the bad bits, that's for sure.

you certainly have some things mixed up here. anonymity is in cash all the time in crypto sometimes (if chosen)

[Herp-a-derp]

Yes, but governments create such a ground by issuing laws prohibiting, restricting or complicating the use of crypto currency

[ksiazek7]

For the most part he doesn't know what he is talking about.  He only has a cursorary knowledge of cryptocurrency in general.  Which I don't really fault him for as he is likely a incredibly busy man.

[AiwaDima]

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.

This market is the future, but with his words one can agree, because a large number of ISO is a fraud that steals people's money and then you will not prove anything.

[JanCoppens]

So I'm assuming Bill Gates wants to confiscate all paper money and just do digital?  If we sum up the amount of illegal activity in cash and that in crypto... I think we know the one out front.

True, crypto isn't more anonymous than cash, but it's way easier to do the payment in an anonymous way though. Nobody will see you spending crypto   

[JohnMacZeppelin]

Recently, famous people are beginning to talk a lot about crypto-currencies. I do not know why they do it, but people like Bill Gates and McAfee and a lot of people start to carry different nonsense about different projects.

[abduljacklu]

I dont really expect that from him that logic seems to be biased,that is why i am unfollowing him from all his social media accounts.I really do understand that his intention was to warn us,but that statement could make our market scramble what a jerk.Soon he will realize that cryptocurrencies are not that bad and im sure he will be too late to join us.

[Kippah]

I mean yes crypto is anonymous but I think it will slowly shift into the stage where you can participate in certain transactions only when your identity is revealed but only to the people that need to know it and only to the extent necessary, Look for instance at Civic project.

So he is right but there is a solution to what he is saying. Even exchanges have their KYC (know your customer) already so they can identify who is participating in their transactions.

Help me with the research on ICO investor behavior, if you invest in ICOs fill in this short anonymous questionnaire. Thanks, cheers and god bless you!

https://tilburglawschool.eu.qualtrics.com/jfe/form/SV_3sCWmLd0wY1OK3P

[abayan]

Well bitcoin is not really bad. It is actually helpful for those who are financially in need.
I don't really know why Gate have told this to the trainers.

[MasterMoon]

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.

Why would you believe them? because they are millionaire or successful man? Please don't depends your faith on them if you really believe on blockchain technology and cryptocurrency do what you heart say. Remember you are the ones you will decide your own faith and not them.

[suzanne5223]

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.

I think Bill Gate said this because of the decentralize nature of crypto currency and he never view the positive side of crypto currency which is the reason why he believe is that bitcoin and other cryptocurrenccy only encourage crime and fraud. In the meantime, we got to do something because these people will centralize crypto currency which is what they are planning to do and they have already won in the ICO sector.

[Jashhh]

Earlier the same Bill Gates said its better than fiat. He is just trying to manipulate prices.

[Balab01]

I remember everyone talking about the phrase of Warren Buffett that crypto currency is a bubble that has no future. But it is still alive and continue to develop and grow..

[VanKleiss]

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.

cryptocurrency is like is like a knife, you can use it to kill a person or you can use it to slice vegetables and meats to make a good dish with your love ones. There are some truth in what he said. Many investors today get rekt with the new ICO scams or pump and dump tokens.