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Author Topic: Bill Gates says crypto-currencies cause deaths  (Read 519 times)
Koadharber
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March 01, 2018, 09:39:24 PM
 #21

But 2 year ago also he said bitcoin is unstopable :/
Hmmm this might be the sign that he's going to start putting money to bitcoin?

Most of the well known and popular people are telling this way so that they can have their own purpose and interest for bitcoin and will have a good buying price. I thought I was wrong that I can remember, he said positive thing about bitcoin before.
Either both ways which he might able to enter or just purely give a negative view about bitcoin.Yes,i do remembered that he do praised bitcoin way before and now he do mention about negative things.Im not surprised since this is been part of reality when it comes to bitcoin if its used in negative side.Not only bitcoin so as on local fiat too.This means it entirely depend on the people who do make use of it.

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March 01, 2018, 11:10:43 PM
 #22

There was a similar thread in bitcoin discussion section (from non bill gates) and now this one. This man has billions so he doesn't cares about anything and poor society, otherwise he would help to people. Why the hell does he wants so much money? To be in the list of billionares?
Also what he says is out of logic. Then we can say that chemistry kills people and let's not learn this subject and not develope medicine. Let's don't accept money, don't accept anything. If they won't be able to convert btc in fiat, then they won't use crypto currency. This is really shame from this person, I thought he was more smart in any subject.

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Hydrogen
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March 01, 2018, 11:28:29 PM
 #23

Crypto-currencies are killing people in a "fairly direct way", Microsoft founder Bill Gates has said.

He was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl.

In an "ask me anything" session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering.

Asked by one user for his opinion on the technology, Mr Gates replied: "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.

Last I heard, american and allied soldiers in afghanistan guard taliban opium fields which fuel the opioid and fetanyl drug crisis. I always wondered why soldiers protected the cash cow of terrorist organizations like the taliban. That never made sense to me. It is even stranger when Bill Gates blames crypto currencies for the fetanyl crisis rather than big, greedy, profiteering organizations like big pharmaceuticals (or the taliban) who profit heavily from opioid abuse.

In terms of Bill Gates, the following quotation could be one of the more accurate things published about him.



Link to image: https://i.imgur.com/CaD6sb7.jpg

Bill Gates is supposed to be one of the best tech CEO's of all time. And perhaps he was! Jeff Bezos could easily dethrone Bill Gates as all time best tech CEO though.

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March 01, 2018, 11:48:50 PM
Merited by shield132 (5), darkangel11 (1)
 #24

Microsoft causes deaths because terrorists and drug dealers use the operational system on their computers to execute their shady activities.

Someone please tell him to close his business before more people die!

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March 02, 2018, 01:10:53 AM
 #25

Microsoft causes deaths because terrorists and drug dealers use the operational system on their computers to execute their shady activities.

Someone please tell him to close his business before more people die!
Just turn here again to see other's opinions. Wanted to say exactly the same. How this man can blame others while everything was done by using his os + let's blame intel, asus, they give us processor/motherboard.... And let's blame electricity, it's the power of every tech + let's blame air, it's what they breath to keep alive and do their shit job. Oh, this man talks like crazy.

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gambitcoin53
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March 02, 2018, 01:35:11 AM
 #26

bill gates simply enumerate one of many use of bitcoin, hurray for that, lol. bitcoin's anonymity is not the problem, the real problem lies on the third party who use bitcoin funding for purchasing illegal drugs. that is where regulating bitcoin by a certain government now enters. if bitcoin transactions will be regulated, i think this kind of issue on purchasing drugs and other illegal products should be one of the main reason bitcoin must be regulated and not banning bitcoin itself.

funny thing is, i could hardly imagine how they transact business in buying drugs, "ey, do you want a fetanyl? here's my btc address, and hey dont forget to screenshot your transfer, .lol!

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March 02, 2018, 03:59:14 AM
 #27

But 2 year ago also he said bitcoin is unstopable :/
Hmmm this might be the sign that he's going to start putting money to bitcoin?

Most of the well known and popular people are telling this way so that they can have their own purpose and interest for bitcoin and will have a good buying price. I thought I was wrong that I can remember, he said positive thing about bitcoin before.

Agree, LOL. Grin Grin Grin
However, in my opinion I think the anonymity of cryptocurrency is dangerous. Though we can trace all the transaction, we don't know who did the transactions. Honestly, I still can't trust cryptocurrency.
But who knows, maybe I change my mind in the future. Tongue Tongue Tongue
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March 02, 2018, 04:10:23 AM
 #28

I think this is debatable.  Any type of technology is only a tool and it is depended on how people use it.
I like the liquidity and decentralized feature of cryptocurrency.
However, I do think that governments should set a certain amount of regulations on how cryptocurrency works to protect the weak. The details of how to draft them however, still remains unconcluded.
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March 02, 2018, 04:19:27 AM
 #29

Microsoft causes deaths because terrorists and drug dealers use the operational system on their computers to execute their shady activities.

Someone please tell him to close his business before more people die!
Just turn here again to see other's opinions. Wanted to say exactly the same. How this man can blame others while everything was done by using his os + let's blame intel, asus, they give us processor/motherboard.... And let's blame electricity, it's the power of every tech + let's blame air, it's what they breath to keep alive and do their shit job. Oh, this man talks like crazy.

Yes, that is the media's billionaires hypocrisy. If it's something they have control and/or influence over it's good, but if it's something out of their control, it's really bad and harmful, stay away... But I think these days people are smelling that these statements are dishonest easier than some years ago, when the words coming from these big personalities were "rule" towards the masses.

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March 02, 2018, 04:46:23 AM
 #30

But 2 year ago also he said bitcoin is unstopable :/
Hmmm this might be the sign that he's going to start putting money to bitcoin?

Most of the well known and popular people are telling this way so that they can have their own purpose and interest for bitcoin and will have a good buying price. I thought I was wrong that I can remember, he said positive thing about bitcoin before.

Agree, LOL. Grin Grin Grin
However, in my opinion I think the anonymity of cryptocurrency is dangerous. Though we can trace all the transaction, we don't know who did the transactions. Honestly, I still can't trust cryptocurrency.
But who knows, maybe I change my mind in the future. Tongue Tongue Tongue
That's why it is anonymous, we can't track on who exactly did the transactions. If you don't trust cryptocurrency, why are you even here?

Microsoft causes deaths because terrorists and drug dealers use the operational system on their computers to execute their shady activities.

Someone please tell him to close his business before more people die!
You nailed him, maybe someone can tell this to him? He's part of the world's innovation and his invention caused a lot of deaths including the intelligence that are being done by these terrorists and crime doers.


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March 02, 2018, 05:45:45 AM
 #31

I just saw this news, For me its always the choice of an individual in how people will use the technology, many of the technologies can make an easy way to do bad things in life but it is the choice of the people, if they use it in a bad way, they will suffer for their selves.


Crypto-currencies are killing people in a "fairly direct way", Microsoft founder Bill Gates has said.

He was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl.

In an "ask me anything" session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering.

Some criticised him, saying he was ill-informed about the technology.

Asked by one user for his opinion on the technology, Mr Gates replied: "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 [initial coin offerings] and crypto-currencies is super risky for those who go long."

heres the link: http://www.bbc.com/news/technology-43239781



This is the opinion of Mr. Bill Gates and I think we have also liberty to say it is correct/wrong simply because everyone in democratic country has free will to express his opinion. Even I, can say to Bill Gates that he is so naive to say that argument. I'm free to express my view without being persecuted simply because of the freedom of speech.

I think what’s important here is if you believe in Bill Gates comment regarding bitcoin then everyone is free to agree or disagree. In this case cryptocurrency is one of the causes of death. It is the dark side of human that kills and not the crypto.


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March 02, 2018, 07:47:21 PM
 #32

It's disappointing that one of the great pioneers and minds of our generation takes such a narrow minded approach. It seems as if he 'spoke' without really thinking about what he was saying. USD is equally as bad if not worse and many of these illegal transactions require PCs to transact. Let's not forget that bitcoin was developed in windows...
The same can be said about almost anything, look at cars the biggest cause of deaths among the young population have to do with driving under the influence of some intoxicant and yet no one wants to ban cars and the reason for that is the benefits we get out of cars outweigh the costs and the same can be said about bitcoin, bitcoin as a tool will cause some damage to society but it will also cause a lot of good and since the good effects are way bigger than the bad effects then bitcoin will keep growing and its adoption will grow as well.

I am not worried that bitcoin growth will struggle because of this, it's just a shame that it's so often used to attack bitcoin. The difference with cars is that no one ever mentions that they should be banned. The US won't even consider stricter gun controls and that 100% directly contributes to more deaths than bitcoin.

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March 02, 2018, 08:04:15 PM
 #33

I can see where he is coming from , but it isn't making crime more or less . It just makes is easier to stay anonymous , so this is where the focus from the banks will go to stop bitcoin. But with this logic every other currency is the same way.

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March 02, 2018, 08:41:18 PM
 #34

Microsoft causes deaths because terrorists and drug dealers use the operational system on their computers to execute their shady activities.

Someone please tell him to close his business before more people die!

I think he careless about cryptocurrency. He has made his money already and would not blink an eye on what happens anymore. He need to understand that every business has something negative to talk about it. Even with that, bitcoin has nothing to do with causing death. Every business has element of risk in it.

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March 02, 2018, 09:48:21 PM
 #35

I just saw this news, For me its always the choice of an individual in how people will use the technology, many of the technologies can make an easy way to do bad things in life but it is the choice of the people, if they use it in a bad way, they will suffer for their selves.


Crypto-currencies are killing people in a "fairly direct way", Microsoft founder Bill Gates has said.

He was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl.

In an "ask me anything" session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering.

Some criticised him, saying he was ill-informed about the technology.

Asked by one user for his opinion on the technology, Mr Gates replied: "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 [initial coin offerings] and crypto-currencies is super risky for those who go long."

heres the link: http://www.bbc.com/news/technology-43239781




Will in my own opinion,bill gates is over reacting,how could the cryptocurriencies can caused death when nothing used it for bad,because the mean purpose of people here to join the crypto world is to earn not to destroy the mankind.country and people needs a saviour for the bad growth of economics thats why cryptocurrency is created technology,to help  people especially those who have not a regular jobs to have there own way of living and to support there needs,and not for used it in illegal activities.one things pop up in my mind that bill gates also a member of cryptocurrency so why should he criticize bitcoin?maybe he thinks that bitcoin will become more popular and its will become threats to his microsoft  bussiness.

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March 02, 2018, 10:01:20 PM
 #36

But 2 year ago also he said bitcoin is unstopable :/
Hmmm this might be the sign that he's going to start putting money to bitcoin?

Most of the well known and popular people are telling this way so that they can have their own purpose and interest for bitcoin and will have a good buying price. I thought I was wrong that I can remember, he said positive thing about bitcoin before.

Agree, LOL. Grin Grin Grin
However, in my opinion I think the anonymity of cryptocurrency is dangerous. Though we can trace all the transaction, we don't know who did the transactions. Honestly, I still can't trust cryptocurrency.
But who knows, maybe I change my mind in the future. Tongue Tongue Tongue
That's why it is anonymous, we can't track on who exactly did the transactions. If you don't trust cryptocurrency, why are you even here?

Microsoft causes deaths because terrorists and drug dealers use the operational system on their computers to execute their shady activities.

Someone please tell him to close his business before more people die!
You nailed him, maybe someone can tell this to him? He's part of the world's innovation and his invention caused a lot of deaths including the intelligence that are being done by these terrorists and crime doers.
Hes here nott for the anonymity but for the sake of money making opportunity and I'm 100% sure of that since I'm also one of those people who don't really care at all about anonymity stuffs and benefits.Sounds too rude but this is the reality on most people here into this cryptoworld.Crypto do have its negative side and if people would decide to utilize it then they can really fully extent and benefit since it is capable on doing such stuff.


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March 02, 2018, 10:24:03 PM
 #37

He's the product of the anti drug campaigns started by Reagan. How about we let people decide what they want to poison themselves with and stop being picky.
Bitcoin kills because you can buy drugs that kill. So USD kills because you can anonymously buy weapons that kill, why don't we start a campaign against the USD? It's not the fault of the inanimate object that it's there, just as it's not the fault of the currency if it's being spent on things that some people are against. For instance if I were a fan of Apple and started going around saying that your products suck, Mr Gates, you'd probably think that I'm crazy and wasting my time. It's similar to what you're doing wasting your time trying to tell people what is good or bad for them, while you should let them be. They aren't telling you what you should or should not be buying with your millions.
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March 02, 2018, 10:31:32 PM
 #38

Well, thinking this way Dollar is killing much more people.

How many terrorists buy weapons with dollar?
How many drug dealers sell drugs for dollar? I bet they have first traded drugs for dollar, and later decided to trade dollar for bitcoin.

Cash is way more anonymous than bitcoin. Lets stop using cash because it is "killing people"?

Sometimes i think these articles are just fake news, or bill gates has another intentions.
That is a good point, Bitcoin and dollar is usually used the same way. We could not hide the fact that  bitcoin is could be used on illegal transaction because it could be used on transaction through the internet in an anonymous way. It is also a thing of fiat where dollar is also be used in illegal things by powerful men, terrorist same concept on bitcoin.

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btctube
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March 02, 2018, 10:33:09 PM
 #39

Whatever. The article still promoted crypto I think this is all that matters today. Whatever they say can only make btc and altcoins stronger in the coming years. If they claim its used for terrorist funding or buy drugs and weapons, it doesn't matter after all the regulations of it are coming as well. Let the guy speak his mind.
xuan87
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March 03, 2018, 12:17:09 AM
 #40

I think that is a dumb statement, dollars is also used to buy drugs, Bitcoin is just a medium, it's not the one that causing the death, many people use Bitcoin for doing global transaction, so there are a lot of people used it for positive things, and anonymity sometimes is needed, it may protect us from the hacker's target

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