Miner.farm Crypto Currency Community Forum

Browse and post your favorite coin/crypto news, miner.farm and PiMP OS updates and announcements, mining guides, overclocking tips, and more...

Note: To change your forum username: login, click your avatar icon (top right?), Edit Profile. Change the "full name" field to your preferred username.

Quick Links

Bill Gates Says Crypto Has Caused Deaths in a Fairly Direct Way

  • Staff

    Bill Gates: Crypto Caused Deaths in a Fairly Direct Way

    **One of the world’s most affluent persons, Bill Gates, appears to have bought in to the rhetoric of popular media and government law enforcement accounts. Recently, Mr. Gates and his wife submitted to a Reddit Ask-Me-Anything (AMA), and Mr. Gates’ gave some unusual views on cryptocurrency.  **

    Also read:How To Regain Control From Nanny Zuck

    Bill Gates Was Once Pro Crypto

    The popular social media billboard platform, Reddit, is famous for its innovative feature, Ask-Me-Anything (AMA). It’s a freewheeling, open (mostly) question and response thread placing constituents or fans in near direct contact with the connected, famous, powerful.

    Microsoft founder Bill Gates, 62, for close to a quarter century has occupied the title of Forbes‘ richest person in the world. Estimates in the many tens of billions float about Mr. Gates, as he’s since retired from active corporate and software development duty and instead developed into a philanthropist of the first order. Indeed, he and notorious bitcoin skeptic Warren Buffett derived The Giving Pledge, handing over half their wealth to foundations, attracting other billionaires to do similarly in the process.

    Bill Gates: Crypto Caused Deaths in a Fairly Direct Way

    Questions during Mr. Gates’ sixth AMA revolved from the silly to topically pertinent, and inevitably headed toward cryptocurrency. Askur1337 put it straight: “Whats [sic] your opinion on Crypto Currencies?” In truth, it isn’t entirely obvious just what Mr. Gates believes. As far back as 2014, he’d lauded the decentralized currency. He insisted to _Bloomberg _then, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

    A year later, he’d come off such optimism, explaining bitcoin could “make moving money between countries easier and getting fees down pretty dramatically,” but “bitcoin won’t be the dominant system. We need things that draw on the revolution of bitcoin, but bitcoin alone is not good enough.” It was enough to have some crypto news outlets refer to Mr. Gates as a “bitcoin enthusiast.”

    Bill Gates: Crypto Caused Deaths in a Fairly Direct Way

    Death Caused by Crypto Fairly Direct

    It’s pretty clear now such characterization is far, far off the mark. “The main feature of crypto currencies is their anonymity,” Mr. Gates began his rather terse answer in this year’s AMA. The hard truth is, of course, cryptocurrency is largely pseudo anonymous, and truly ghost cryptos are few and far between.

    Nevertheless, Mr Gates continued, “I don’t think this is a good thing. The Governments [sic] ability to find money laundering and tax evasion and terrorist funding is a good thing,” repeating cannards long ago discarded by sober analysts. “Right now crypto currencies are used for buying fentanyl and other drugs,” he typed, “so it is a rare technology that has caused deaths in a fairly direct way.”

    Bill Gates: Crypto Caused Deaths in a Fairly Direct Way

    The qualifier there, “fairly,” allows some wiggle room if Mr. Gates is ever cornered by such a statement. Blaming cryptocurrency as a cause of death because a few have used one to ingest the other is oddly hysterical for Mr. Gates. A simple thought experiment should suffice: consider all the overdoses prior to crypto’s genesis in 2009. Had, at any time, anyone, including Mr. Gates, an intensely public figure asked for comment continuously, ever blamed government fiat paper money? Has anyone ever linked ATM cards, debit cards, the technology of plastic credit cards to have “caused deaths in a fairly direct way?”

    What do you think drove Mr. Gates’ change? Let us know in the comments section below.

    Images courtesy of Pixabay, Reddit.

    _Not up to date on the news? Listen to _This Week in Bitcoina podcast updated each Friday.

    The post Bill Gates Says Crypto Has Caused Deaths in a Fairly Direct Way appeared first on Bitcoin News.



Want 10% more hash from your rigs?

We promise to keep your email safe and never spam you.

© 2014-2021 Miner.farm | By Miners, For Miners | Portable Instant Mining Platform, LLC