Bill gates believes that crypto-currencies have become the cause of human deaths. The billionaire, ranked second in the list of the richest people in the world, cooperating with the blockchain startup Ripple and studying the technology of the blockchain in 2015, criticized the cryptocurrencies.
So, gates shared his opinion with the users of the website Reddit under the heading “Ask Me Anything” (“Ask me anything”), consisting of a series of questions and answers. When the billionaire was asked about his views on cryptocurrency, he emphasized on the negative aspects of bitcoin and its peers, arguing that the cryptocurrency did not disclose the names of their holders, as is the case with the credit card statement that gives illegal transactions a chance to get into the field of view.
“The main characteristic of cryptocurrency is anonymity. I don’t think it’s a good thing. The ability of the government to detect cases of money laundering, tax evasion and the financing of terrorism is good. Right now crypto currencies are used to buy fentanyl and other drugs, so it is a rare technology that has become fairly obvious cause of death”, — stated in the post gates on Reddit.
Note that portal users have reacted to statements of this kind. When one of them noticed that the Fiat money used for such purposes at least, the billionaire agreed, but he was able to bring new examples.
“Yes, anonymous money is used for things like this. But then physical presence is required, which creates obstacles for such cases, as the payment of ransom in kidnapping,” — said gates.
It is noteworthy that several years previously, the billionaire was much more positive. So, in 2014, when the rate of bitcoin stood at about $350 average Commission transactions totaled 6 cents, and the infamous online drug market silk road was closed by U.S. authorities, gates called bitcoin a “stunning decision” that shows how cheap can be the transaction.
“Bitcoin is better than currency”, — he said then, noting that the cryptocurrency does not require personal interactions, which is useful when holding a “larger transaction”.
However, speaking critic of digital currency, gates acknowledged the benefits of the technology underlying them. Note, in 2015, he said that people need “to use the bitcoin revolution”.
We will remind, in October, the bill and Melinda gates Foundation The Gates Foundation based on the technology of Ripple Interledger released ON for mobile payment systems, which is to establish the interaction of financial institutions with the poorest layers of the population without Bank accounts.