Microsoft Founder Bill Gates Calle CryptoCurrency Cloud Cause Death.
Microsoft founder Bill Gates has a critique of cryptocurrency like Bitcoin. Gates sees the anonymous nature of the crypto system can cause death.
Anonymity is the inherent trait of the cryptocurrency. Any ownership of the crypto currency will not display the name of the owner, only a virtual address consisting of numbers and letters.
While Gates, who often gets the title of the richest man in the world, is not so fond of the anonymity.
"The government's ability to track money laundering and tax evasion and terrorist financing is a good thing," Gates said.
Another downside of the anonymity of the crypto currency is that it can be used to buy illegal drugs freely on the internet. This is what Gates crypto currency can cause death.
"Currently crypto currency can be used to buy Fentanyl and other medicines, this is a rare technology that can cause direct death," he added as quoted by The Telegraph, Wednesday (28/2).
According to Gates this is different from the use of cash to buy illegal drugs because the offender must actually exist physically so the transaction will be more difficult.
Fentanyl itself is a kind of medicine used to relieve pain without losing consciousness. Fentanyl is considered to have an effect like heroin that is often misused.
Gates's criticism actually comes from an "Ask Me Anything" session on the Reddit internet forum. In that session Gates became a resource person and answered a number of questions from residents of Reddit. One of the questions that came was his response about crypto currency.
This statement is inversely proportional to the attitude of Gates some time earlier that supports the existence of Bitcoin and the like. He feels crypto currency is better than ordinary currency. Gates was also amazed at the transaction costs in the crypto system.
The highlight of his allegiance was when the foundation he founded, Bill & Melinda Foundation, took the company of crypto Ripple.
Source CNN Indonesia
This problem is not caused by crpto currency. I guess people were buying illegal stuff earlier also when there is no crypto. I think main problem can be money laundering, tax evasions etc.
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