Some of Our Sources
- Engadget
- Mashable
- Technology Review
- Simplebits
- TutsPlus - Code
- Pearsonified
- Six Revisions
- You The Designer
- Fudge Graphics
- The Verge
Help Webnuz
Referal links:
February 27, 2018 09:38 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/kmruSlO84Qs/bill-gates-cryptocurrency-is-rare-technology-that-has-caused-deaths-in-a-fairly-direct-way
Bill Gates: Cryptocurrency Is 'Rare Technology That Has Caused Deaths In a Fairly Direct Way'
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."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/kmruSlO84Qs/bill-gates-cryptocurrency-is-rare-technology-that-has-caused-deaths-in-a-fairly-direct-way
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot