Bill Gates: Cryptocurrency Is 'Rare Technology That Has Caused Deaths In a Fairly Direct Way' (cnbc.com)

An anonymous reader quotes a report from CNBC: During a recent "Ask Me Anything" session on Reddit, the Microsoft co-founder said that the main feature of cryptocurrencies is the anonymity they provide to buyers, and Gates thinks that can actually be harmful. "The government's ability to find money laundering and tax evasion and terrorist funding is a good thing," he wrote. "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." When a Reddit user pointed out that plain cash can also be used for illicit activities, Gates said that crypto stands out because it can be easier to use. "Yes -- anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult," he wrote. Gates also warned that the wave of speculation surrounding cryptocurrencies is "super risky for those who go long."

Comments

hypocrite

[Anonymous Coward]

So tax evasion is ok as long as he's the one doing it.

great

[Anonymous Coward]

President Orange Julius once remarked that Bill Gates should help find a way to 'shut off the internet' to stop bad guys. If he's saying something about cryptocurrencies, our dumbass in chief will think it's gospel.

so has fiat currency

[js290]

All Wars Are Bankers' Wars https://youtu.be/5hfEBupAeo4