In a recent AMA on Reddit, Bill Gates made some very negative comments about cryptocurrency, saying that the technology "causes deaths in a very direct way."
Answering a question about his thoughts on cryptocurrency, Gates 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.
The reactions to his comments were awesome, with many people pointing out that the US dollar, and even Microsoft itself, is guilty of funding terrorism.
Below is a screenshot of the exchange.
Gates is the most recent in a long line of elitist who have made comments in favor of regulating or outright banning crypto.
Any government in the world would have a serious fight on their hands if they attempted to ban cryptocurrencies, and it would be an extremely difficult policy for them to enforce even if they tried.
If one country bans cryptocurrency, the companies, exchanges, miners and online infrastructure will simply move to another country and the people in that country will still be able to use and access cryptocurrencies using VPN’s and anonymous browsers like TOR.
THIS WAS A STEEMIT EXCLUSIVE!!
Please upvote, follow and resteem if you enjoyed my article and I will return the favor in the comments, even if you happen to disagree with me, I welcome and upvote all good discussion!
John Vibes is an author and researcher who organizes a number of large events including the Free Your Mind Conference. He also has a publishing company where he offers a censorship free platform for both fiction and non-fiction writers. John just won a 3-year-long battle with cancer, and will be working to help others through his experience, if you wish to contribute to his medical bills consider subscribing to his podcast to support at https://www.patreon.com/johnvibes
How about cash dollars, everyone seems to forget that cash has a monopoly on drugs and terrorism.
well the market is going to crash but I hope this does not cause any FUD.
Wait, I thought it was guns that were killing people? Or here's an idea, maybe it is actually other people!
Highly rEsteemed!
This guy...
Gates knows his own wealth is based on globalist control of the economy
actually it's based on the letter "n".
and china took it away from him
and He's PISSED
(it's affecting his mined)
lol Gates is pissed at China -> China has the internet -> cryptocurrency is on the internet...
Gates must DESTROY crypto!1!1!1!
makes perfect sense?
he gets his business plan from the Underwear Gnomes
THAT explains MicroSoft Windows 10!
I am planning on moving to Linux once things slow down a bit...other than the BSOD, Windows 95 was the hight of the OS...smh
damn he looks old.
that playboy bunny he married must be wearing him out.
Bill gates is a pretty good monopolist.
other stuff...not so much
Then why does Microsoft provide the programming tools to make crypto?
Wow - not surprised, really. If Gates is nay saying crypto, I think it’s a positive sign for us crypto investors. Thanks for sharing!! Following you now! 🙌🏼
The so-called 'elite' are shitting themselves.
I still respect Gates' philanthropy.. but his response regarding Crypto was downright embarrassing.
A comical display of knowledge regarding crypto. "Mainly used to buy drugs like fentanyl?" I mean come on.. he knows the truth, talk to Big Pharma at home and abroad.
Regular citizens can't protect their anonymity, but Elites, Corporations, and Corrupt Government Officials can protect their anonymity and offshore accounts like gold.
Thanks for sharing
Bill Gates lost my respect long ago
He’s just pissed because he didin’t think of cryptocurrency himself and he’s making millions on top of millions from the corrupt system we all hate.