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Author Topic: Bill Gates: Bitcoin Is 'Better Than Currency'  (Read 1425 times)
Coinbuddy
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October 04, 2014, 03:16:43 PM
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After long remaining mostly mum on Bitcoin, Microsoft’s legendary co-founder Bill Gates has spoken. At the Sibos 2014 financial-services industry conference in Boston, America's richest man just threw his weight behind the controversial cryptocash. Well, at least as a low-cost payments solution.   

At the event, when asked about Bitcoin’s potential to ease the cost of payment transactions for moving money from one place to another Gates waxed mostly positively about the virtual money.

“Bitcoin is exciting because it shows how cheap it can be,” he told Erik Schatzker during a Bloomberg TV’s Smart Street show interview yesterday. “Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

Gates again reiterated his stance on cryptocurrencies when he delivered the event’s closing keynote address, in which he stated that, in the future, financial transactions will eventually “be digital, universal and almost free.”

While he seems relatively bullish on how inexpensive transacting in Bitcoin can be, Gates isn’t singing the praises of its anonymity. The billionaire alluded in an oblique, somewhat rambling fashion to some of the more nefarious anonymous uses associated with Bitcoin.

“The customers we’re talking about aren’t trying to be anonymous,” he told Schatzker. “They’re willing to be known, so Bitcoin technology is key and you can add to it or you could build a similar technology where there’s enough attribution where people feel comfortable that this is nothing to do with terrorism or any type of money laundering.”

SOURCE "http://www.entrepreneur.com/article/238103"

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martinnew
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October 04, 2014, 03:46:00 PM
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It will be great of that statement will make the price of BTC higher and higher.  Cool
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October 04, 2014, 06:15:38 PM
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That seems creepy. First Paypal now Microsoft. When will it end?
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October 04, 2014, 07:13:31 PM
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Jumped the shark

Sig This
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October 04, 2014, 07:18:36 PM
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It is simple :


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First they ignore you, then they laugh at you, then they fight you, then you win.

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October 04, 2014, 07:20:24 PM
 #6

That seems creepy. First Paypal now Microsoft. When will it end?

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
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October 04, 2014, 07:59:05 PM
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That seems creepy. First Paypal now Microsoft. When will it end?


It will end when the final capitulation will cause us to cut or looses and the price will fall to -200.

Nah, it's only natural that large corporations see the benefits of bitcoin, they probably knew it all along but were afraid to speak up earlier because they wanted to see bitcoin become more mature first or something.

Now that bitcoin is more accepted in the world (by merchants at least), we will see bitcoin become more hyped up and it will start to enter mainstream. But it may take quite a while for it to gain ground, I mean we're not even close to 1% of world population yet that owns bitcoin so we have a long way to go.

This is just the beginning, not the end.
philiveyjr
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October 08, 2014, 05:57:55 AM
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Thats some Great news.!! Actually speaking...BTC IS Better than Currency.!!

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October 08, 2014, 08:19:02 AM
 #9

Just need Bill to buy a couple hundred million $ worth of BTC to get things moving again...

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DASHpay        XudkdomLGJWRp8ypZ73H4yi2CsV8CGFDNe
CryptoCarmen
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October 08, 2014, 12:12:12 PM
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Just need Bill to buy a couple hundred million $ worth of BTC to get things moving again...

He will come in and buy everyone out.
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October 08, 2014, 12:21:48 PM
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Perhaps what is more important is that we need to convince him to invest a significant portion of his wealth in btc. Then we'll get the chance to really see it boom

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October 08, 2014, 12:29:20 PM
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This is looking like a good sign.  Ever since the Paypal announcement and now this, we're one step closer to mainstream adaptation.
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October 08, 2014, 12:40:48 PM
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This is looking like a good sign.  Ever since the Paypal announcement and now this, we're one step closer to mainstream adaptation.

I really hope so.. We are waiting for this in a very long time. Smiley
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October 08, 2014, 12:51:51 PM
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I think mainstream adaptation so fast is what's getting the price dump. They never hold onto it for obvious reason.
But in a sense it's good too.
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