I respect and admire Bill Gates a lot due to his innovative mind, big heart and wisdom. Moreover, Bill Gates has supported some cryptocurrencies projects (ripple for example) and earlier, said some nice things about bitcoin and its technology. However , has he joined the fuders and haters bandwagon? I will remiss if I claim that blockchain technology which is a new technology is not with some limitations- which will be improved, however the advantages the common people are enjoying surpasses the few limitations.
According to an article in theguardian,
Microsoft founder slams digital currencies as Apple co-founder Steve Wozniak reveals he was victim of bitcoin scam
Speaking during a Reddit AMA, Gates argued that “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.” In contrast to cash, which is also untraceable, cryptocurrencies can be used remotely, which removes another avenue of control, he added. Gates also suggested that investing in the sector is a bad idea: “I think the speculative wave around ICOs and cryptocurrencies is super risky”
In light of the afore-mentioned assertion, I agree that there are some limitations with regard to untraceable transactions- however that is what many crypto projects are all about (anonymity and freedom ) including bitcoin. Here are some few points:
Central Governments ,Banks and Big Corporations: Central governments , banks and big corporations are the real causes of deaths in our societies either directly (sponsoring wars, drug experiments , guns / arms dealing, dumping mechanism etc) or indirectly through their greed and governmental control . Moreover, Bill Gates aim might be to at least join his friend fud /hate bandwagon (Warren Buffet) against cryptocurrency-however we will stay strong as a united family and fight against it.
Do you agree with Bill Gates assertion? Send in your comments and or suggestions-resteem in order for others to join and upvote in order to send in your support.
Click here and read my former post:Why Steemit Members (all Steemians) should be cautiously optimistic about Circle Purchase of Poloniex
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