Bill Gates Made a Statement Against Cryptocurrency 170

Bill Gates Made a Statement Against Cryptocurrency

Yesterday, on the 27th of February, the co-founder of Microsoft Corporation Bill Gates stated his opinion on cryptocurrency in a series of questions and answers “Ask me anything” on Reddit.

Gates believes that the lack of anonymity in currency helps the society, because in this case the state can effectively monitor money laundering, detect citizens evading taxes and prevent the financing of terrorists.

The billionaire also says that cryptocurrencies “caused deaths in a fairly direct way,” and are not a “good thing”, indicating that it’s very easy to buy drugs online without any consequences with the help of cryptocurrency.

“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,” he said.

After one of the users of Reddit expressed his opinion that drugs can also be bought for cash, Gates rose to defend his position:

“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 said.

Undoubtedly, the ideologists of the cryptocurrency world will meet Gates’s opinion with a large share of the negative, because they are convinced that first of all, cryptocurrencies brought decentralization and as a result inexpensive money transfers around the globe.

The statement that cryptocurrencies kill people is very controversial. For example, the creator of the anonymous trading platform Silk Road, Ross Ulbricht is convinced that violence and death thrive in the drug business just because of the usual currency, because the exchange occurs using traditional fiat money, which no one prohibits.

Cryptocurrencies and Tor (an anonymous browser), in fact, have brought at least a part of the drug business to the Internet, if not all of it, which as a consequence reduced the risk of being killed when buying drugs for cash.

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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