Crypto News Is Bill Gates Creating A "fud" ?

Discussion in 'Cryptocurrency News (HAPPENING!)' started by gbolahan, Feb 28, 2018.

  1. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    As noted by CNBC, during a Reddit “Ask Me Anything” session on Tuesday, Gates explained that he thinks cryptocurrency is really bad because it aids and abets people who want to keep their financial transactions hidden from the government. He seemed particularly concerned with whether the blockchain revolution is mostly revolutionizing financial crime, terrorism, and drug dealing, thus killing people “in a fairly direct way”:

    he also said "The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. 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. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long."

    Guys what do you think about bill gate view?
    Last edited: Feb 28, 2018
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  3. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    I think bill has forgotten that cryptocurrency is far beyond use as a means of exchange. The anonymous part is just part of the features of cryptocurrency.
  4. Barnabias

    Barnabias Leader

    And I think KYC will deal with this
    gbolahan likes this.
  5. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Yes....and i think bank should all start accepting it too
    Barnabias likes this.
  6. Prezzy

    Prezzy Leader Protector

    well, there is a report i saw which stated that crime-related transactions accounts for only 1% of Bitcoin transactions. how about that?
    gbolahan and Barnabias like this.
  7. Barnabias

    Barnabias Leader

    Meaning the dude has no point
    gbolahan likes this.
  8. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    See comment
    IMG_20180228_231036_380.jpg-Is Bill Gates Creating A "fud" ?