Bill Gates on digital money....

How ignorant of him to link Bitcoin to "terrorism and money laundering" as though this is it primary use or even the preferred method for these activities. It's the existing corrupt financial and banking systems that are complicit in supporting these serious criminals, super rich individuals and corporations avoiding tax and laundering money. You think ISIS bought all its weapons or collects its reported £2 million per day of oil revenues with Bitcoin? No this is corruption and collusion at the highest level across multiple organisations within the existing banking system, that is where the light needs to be shone to weed out this illegal behaviour. However governments and it's leaders (and super rich individual like Mr Gates) are beholden to these institutions to support they're activities, legal or otherwise, so as usual political spin and media propaganda gets people to ignore the true culprits. The current financial system is rotten to the core run for the betterment of the 1%, people like Mr Gates. Bitcoin and other decentralised cryptocurrencies are the future and will go along way to making this world safer a place and promote social equality with improved accessibility to spending power for those not in countries run by central banks.

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rossenpavlov (69) · 8 years ago

The future will be decentralised.

$0.00

3 votes

mikerano (50) · 8 years ago

lol...i watched it right now....:)
thanks

1 vote

clemmy (25) · 8 years ago

you are right...but the fact which he stated about the unbanked...thats interesting for me...
i always differ between the statement and what i think about somebody...
for me it is fact...that a lot of people even dont have access to our banking system....
so the question is can cryptocurrency can be a way out?

i think it will...as a lot of banks started thinking about or working on the blockchain theme...

lasseehlers (69) · 8 years ago

Well I have no idea what he talks about, bitcoin already solved the problem long time ago.

but there are others who challenge bitcoin...and also wanna make money..
bitcoin is already too expensive for the unbanked....

team101 (61) · 8 years ago

Interesting post! Thank you.

mikerano (50) · 8 years ago (edited)

i thought so too....:)
banking the unbanked is a very important thing and potential for cryptocurrencies...
as they often have only western union or so to send money to family...thats expensiv

2 votes