Bill Gates: Cryptocurrency is Technology Leading to Deaths
March 1, 2018
Cofounder to Microsoft Bill Gates has shot down cryptocurrencies for anonymity and indicted them for causing deaths of its users.
One of the world’s wealthiest people participated in Ask Me Anything dialogue with Reddit users on February 27 and gave answers to all questions.
Despite the anecdotal evidence that anonymous character of cryptocurrencies is a strong point, Bill Gates spoke ill of this feature.
“The Government's 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”, he added.
One of the users noted that drugs can be bought for fiat money as well.
“Yes – anonymous cash is used for these kinds of things but you have to be physically present to transfer it which makes things like kidnapping payments more difficult”, was the reply.
It is to be remarked, that these statements differ from those voiced in 2014 when he claimed, crypto is better that common currency regarding cheap transactions.