Bill Gates said something about cryptocurrency that was slammed on social media.
During a "Ask Me Anything" session on Reddit, Microsoft co-founder Bill Gates said that he main feature of cryptocurrencies is the anonymity that is actually harmful.
He said, “The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments [sic] ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now cryptocurrencies 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 cryptocurrencies is super risky for those who go long."
According to Bill Gates, cryptocurrency is ‘super risky’ over the long-term
In a response a user named delicanis said,
"Your statement about cryptos is the most stupid thing I've heard in a long time. Acc. to your "logic", windows is responsible for child porn and terrorist attacks plans. I think you should therefore go to prison."
A user named Suuperdad said, "You know what else is used to fund terrorism, buy fentanyl and other drugs? The USD."
Well, it shows that Bill Gates is not a big fan of cryptocurrency.
Probably true.. Bill isn't a fan of crypto.. And alot of stuff are also use to aid crime rate..
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Yes, cryptocurrency can be used to aid crime and so is fiat currency. It's up to you how to use it. More and more people are adapting cryptocurrency these days!
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You can buy drugs with anything. Where there is a will, there's a way! You still need fiat for mostly everything, so you'll have to transfer that crypto to a fiat bank. The IRS is gonna start asking questions eventually about where all that money is coming from. I'm not that familiar with with paying taxes on crypto, but I think it should be fine?
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I agree with you. Of course, there is a will, there's a way! Cryptocurrency itself is not bad or good. It's up to the users who use it. If you have a knife, you can cut fruit with it or you might use it to defend yourself if your life in danger. On the other hand, you can use the same knife to hurt innocent people. It's not the fault of knife!
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I think he is a bit jealous !
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I don't know why he said something like that. He didn't criticize bitcoin in 2014.
Anyway, blockchain and cryptocurrency will be the next thing.
EOS is coming soon! The world is moving towards decentralized system.
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@fastadapted -I also think he may have invested too secretly too !
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You know what! Gary vee invested in cryptocurrency in 2014. We know this now. Unfortunately, he is not here on steemit.
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Bill made his money on the almighty dollar - a while back he boasted about Bitcoin's importance....welp, he was right about one thing.
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Yeah, we saw dollar millionaire before, now we see cryptocurrency millionaire! :)
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I remember Bill saying good words about crypto currency before. Now he’s changed...
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@notos Me too. Don't know why he changed his mind.
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