01 MAR

Bill Gates says cryptocurrencies have “caused deaths in a fairly direct way”

Microsoft and Bill & Melinda Gates Foundation progenitor Bill Gates is not a fan of cryptocurrencies. In a Reddit AMA yesterday, he posited that crypto subverts governments’ abilities to intercept terrorist funding, illegal drug transactions, and more.

Redditor Askur1337 asked Gates, “Whats your opinion on Crypto Currencies?” To this, Gates responded:

The main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing. 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.

Redditor dikkepiemel followed up with a rebuttal that cryptocurrencies aren’t doing anything cash wasn’t already doing, saying, “The US dollar is also used to buy fentanyl and god knows what else.”

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.