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.
Cryptocurrency Predictions 2020 - Elon Musk, Bill Gates, John McAfee, Jack Dorsey Views- Simplilearn
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