I am worried about the fate of cryptocurrencies now.Everything was going perfectly fine. Cryptos had started gaining their value back and Bitcoin was blooming all over again, retaking the $10,000 mark and (trading around $10,950 as of writing), until someone asked Bill Gates about the cryptos and now apparently his answer would be the cause of another round-up of cryptos’ downfall.The world’s 2nd richest person and Microsoft’s co-founder, Bill Gates took part in the all-time favorite session “Ask Me Anything” of the world’s most authentic discussion community Reddit, with a title, “I’m Bill Gates, co-chair of the Bill & Melinda Gates Foundation. Ask Me Anything.” When a person on the forum asked him about the “Whats your opinion on Crypto Currencies?” [/i]Though the Bill and Melinda Gates Foundation has partnered with Ripple to tackle poverty, Gates’ answer to the question was a direct hit on Bitcoin when he said that [i]“the main feature of crypto currencies is their anonymity. I don’t think this is a good thing.” He further added,[i]“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. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long.”[/i]Bill Gates believes that the governments’ ability to track money laundering, tax evasion and terrorist funding is a good thing.After this negative statement by one of the big names in the world, some Redditors, as well as some Twitter users, started talking about the impact of statements. A Redditor replied on the same thread saying “[i]Kylie Jenner tweeted negatively about Snapchat and they lost $1.5 billion. Imagine when Bill Gates talks about crypto… Selling all of my crypto.”[/i]While some people who are already vested too much in cryptocurrency world don’t want to hear what Bill Gates has said, as a user on the same thread replied, [i]“I only heard “… crypto currencies…go long”… All in.”[/i]Meanwhile, the idea that old and rich do not know about the cryptocurrencies (and even don’t want to know) was also cited in reactions of some Twitter users. Whereas, some people believe that cryptos and cash both are potentially harmful if used in a wrong manner. It must be noted that Gates is not the first big name to speak out against the speculative assets. His close friend Warren Buffett also predicted a disappointing outcome, last month when he said that “in terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending”.

VIA - https://mytechcommunity.com/4299/bill-gates-says-cryptos-risky/

Somebody who gets it and is not overly-excited about crypto. No wonder he's one of the richest people in the world.

So Bill Gates is blaming cryptocurrency for the death instead of the manufacturers of the drug that is sold anonymously. What an asss.

Billyonaire:
So Bill Gates is blaming cryptocurrency for the death instead of the manufacturers of the drug that is sold anonymously. What an asss.

The manufacturers are trackable, cryptos ain't.

Make your cryptos while it lasts as nothing lasts for ever.

Use a trusted escrow service for your exchanges. Never lose money online again, ever!

Would you like to know more or ask me how?

nonut:

The manufacturers are trackable, cryptos ain't.

Before crypto. what has people been using to purchase illegal stuffs

Crypto is the Future

crypto don cast. dont put your life savings on bitcoin. people that enjoyed it started early, late comers eat bones.





whos intersted let go and do illegal minning in nassarawa state

kachi19:


Before crypto. what has people been using to purchase illegal stuffs

the deep web i.e. using an onion router

nonut:

The manufacturers are trackable, cryptos ain't.

Without the drugs being produced, addicts wont have a chance to buy anonymously. The truth is that, the drug has always been abused even before the advent of cryptocurrencies. So it is best to ban the pharmaceutical companies from such productions.

Cryptoccurencies are no longer cryptic, it is just that people need to spend their own money without ledgers documenting how it was spent, I can guarantee you that terrorists and those gun runners do not use cryptocurrencies, syndicates handle that business and we know the arms manufacturing companies in USA, China, Russian etc, but instead of this world richest man to discuss on how the pharmaceuticals and Arms manufacturers can be put out of business, it is bitcoins and other e-currencies that he focuses on, cos he knows that the guy who owns that Bitcoin, which I know, is richer than him and he does not have to sell anything. He just puts those numbers there in the name of mining.....mining is extremely tough, cos the electricity you need to fire those processors does swallow the entire gains. So, Gates is jealous....

Damoxy:
Crypto is the Future

leave dem make dem dey dere.

clitlicker:


the deep web i.e. using an onion router

And what means of payment was used in the darkweb before, now i know they use crypto.

clitlicker:

the deep web i.e. using an onion router

it's the dark web.
And you cannot equate it with cryptocurrency in anyway.
Bill Gate is probably given an instance and people just misinterpreted him.
People use monies that are traceable for illegal purposes too.