Steemit Exclusive: Bill Gates Claims Cryptocurrency Is "Killing People" — Is He Right?

I noticed this too and addressed it in one of my posts from today, he is very wrong. He is the snippet from my post:
"One area where the cryptocurrency community fails is the ability to identify problems in achieving their goals. For example most projects just hate banks or do not want to make changes that they don't feel are needed that could decrease friction for greater adoption by the general public. An area where I feel the BTCP team can beat out other cryptocurrencies is through changing the public perception of cryptocurrency. Bill Gates see's nothing good about cryptocurrency. If the BTCP team also places a small emphasis on real world applications cryptocurrency can help with, such as things which are not for profit, but a social good, then they will be on top.

IN FACT, I CHALLANGE THE BTCP TO PROMOTING SOCIAL SIDE PROJECTS LIKE CRYPTOCURRENCY APPLICATION TO EDUCATION.

I have never met Jacob Brutman of the BTCP team, but researching about him makes me feel that he would be very good at spearheading a social side project like this. Show the world how cryptocurrency can solve social problems we struggle with. Win the public by relating to what hits at home for them on a daily basis. How can cryptocurrency and token network effects be applied to things like education? If you need a hint think about Steemit and how it incentivize's things and disincentivize's things. Now apply that to the funding for schools and how our test based system continues to fail us. Republicans cannot solve it and Democrats can't solve it. Looking at the members of the BTCP team, I feel like many of them would easily be able to tackle these sorts of problems. This is part of what I mean when I say the team is diverse, both in a direct technical sense, but also indirect things they bring to the table.

I would argue that the philanthropic value of their work would be worth more than ANY amount of money Bill Gates may throw at a problem. Bill Gates has a lot of money, giving it away is not really a sacrifice for him. If Bill Gates used his real strength and got down and dirty like when he was starting Microsoft to solve the causes he cares so much about, he would leave a much longer lasting impact than measuring the philanthropic impact of his work on the quantity of resources he has provided. "

Full post: https://steemit.com/cryptocurrency/@byzantinehash/royal-crypto-fork-will-the-real-bitcoin-please-stand-up-learn-about-bitcoin-private-btcp

Feel free to follow me @ByzantineHash if you like the post, I try to make sure I provide more insight and original content than other posts out there.

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claydo (39) · 7 years ago

" 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." Unlike pharmaceutical drugs, such as fentanyl, causing deaths in a VERY direct way! Just another attempt to insult intelligence. Good try though.

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adammillwardart (60) · 7 years ago

Bill Gates obviously doesn't understand cryptocurrencies and blockchain technology very well... Scaremongering

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libertyacademy (58) · 7 years ago

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kbschlosser (26) · 7 years ago

I disagree with Gates statement. It may used to be used like that, but not anymore. Blockchain technology has so many usecases and shouldn't be reduced to just a payment system anyway, but even if you see it like that it is still only a small percentage of all transactions. In my opinion bad people will get to their illegal activities anyways. Its not really the difficulty of the process of getting into illegal activities its more the mindset thats important.

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plinglish (39) · 7 years ago

I think he said that cuz he is afraid...what he is afraid?? Loosing control of the people. Cryptocurrency is our revolution now or never!!!
Don't give up and carry on. :)

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monilola (36) · 7 years ago

there is nothing on earth existing that doesn't have its disadvantages. Take for example, As useful and effective the internet is, are there no abuse or internet fraud practices by people. should that now prevent one from using it???
things should be viewed from both sides and conclusion must be drawn on a reasonable ground not with sentiment.

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conradsuperb (67) · 7 years ago

cryptocurrencies will be the life of many, we will see the blockchain technology revolutionize the internet as we know it, which will have numerous impacts on many sectors that we so rely on.

Gates proposes some great points, but i'm afraid he is sadly mistaken with that statement. Just look at steem, creating a passive income for many around the world that have a hard time putting food on the table or a roof over their heads. Steem and the steem blockchain could potentially mitigate poverty, now whoever thought this to be possible?

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libertyacademy (58) · 7 years ago

And let's not forget all the BACK DOORS Microsoft has provided over the years to the NSA/CIA/et al.

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absenscarens (39) · 7 years ago

Scientists proved that drinking water kills. 100% people who drank water died or will die.

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absenscarens (39) · 7 years ago

Scientists proved that drinking water kills. 100% people who drank water died or will die.

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