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Bill Gates: Bitcoin Is 'Better Than Currency'

Posted by Soulskill on from the all-about-the-digital-benjamins dept.

An anonymous reader sends this excerpt from Entrepreneur.com: After long remaining mostly mum on Bitcoin, Microsoft's legendary co-founder Bill Gates has spoken. At the Sibos 2014 financial-services industry conference in Boston, America's richest man just threw his weight behind the controversial cryptocash. Well, at least as a low-cost payments solution. ... "Bitcoin is exciting because it shows how cheap it can be," he told Erik Schatzker during a Bloomberg TV's Smart Street show interview yesterday (video). "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." ... While he seems relatively bullish on how inexpensive transacting in Bitcoin can be, Gates isn't singing the praises of its anonymity. The billionaire alluded in an oblique, somewhat rambling fashion to some of the more nefarious anonymous uses associated with Bitcoin.

8 of 130 comments (clear)

  1. If Bill Gates likes it by jd · · Score: 5, Funny

    Then clearly there are problems.

    --
    It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)
    1. Re:If Bill Gates likes it by Anonymous Coward · · Score: 5, Funny

      Yeah, I can see a huge rush of cognitive dissonance as the bitcoin crowd tries to get their collective heads around the idea of agreeing with Bill Gates

    2. Re:If Bill Gates likes it by ArcadeMan · · Score: 3, Funny

      This might explain the recent crash in value.

      --
      Get free satoshi (Bitcoin) and Dogecoins
    3. Re:If Bill Gates likes it by Anonymous Coward · · Score: 0, Funny

      You are correct. Look at the charts. BTC keeps walling like a rock.
      Bill Gates, this you really have to fuck up BTC too? Please, go away! You got enough money to live 1000 lives! Please, I am asking nicely - FUCK OFF!

    4. Re:If Bill Gates likes it by Teresita · · Score: 3, Funny

      "640 thousand bitcoins oughta be enough for everybody!"

    5. Re:If Bill Gates likes it by itzly · · Score: 4, Funny

      He only bought 640k, claiming that this is enough.

  2. Re:this is a prelude to all people being microchip by ArcadeMan · · Score: 3, Funny

    I don't want to be Microchip'ped, I want to be Atmel'ed!

    --
    Get free satoshi (Bitcoin) and Dogecoins
  3. If he put his money where his mouth is... by gwolf · · Score: 4, Funny

    Then nobody would be able to listen to him anymore.