Post
Topic
Board Altcoin Discussion
Re: Bill gates says cryptocurrency is bad
by
EducoinVietnam
on 18/04/2019, 06:03:45 UTC
In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies 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 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.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.


In fact, in recent times, indeed, many representatives of the traditional business call the crypto market some kind of fraud. But I would not be surprised if they themselves regularly invest part of their money in different cryptocurrencies. They just do not usually advertise such decisions.