Bill Gates Thinks Cryptocurrency Is Killing People

“In a fairly direct way.”

By
Tech
25,784 Hypes 28 Comments

After Coinbase announced it would comply with tax requests, the bad news for cryptocurrency users has continued. The latest indictment comes from Bill Gates, who warned against the rise of cryptocurrency in a recent Reddit AMA. In his response to a question, Gates explained that these currencies and the technology surrounding them was causing deaths “in a fairly direct way.”

Gates’ criticism of bitcoin and other cryptocurrencies was based around “anonymity,” and the Microsoft founder went on to explain why this was a bad thing: “The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. 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.”

Recently, Bitcoin owners have reported thieves physical violence to get their hands on the cryptocurrency.

Read Full Article
Source
gizmodo

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

657 Users Online

What to Read Next

Nike Unlaced Is the New Go-To Destination for Sneaker-Obsessed Women
Footwear

Nike Unlaced Is the New Go-To Destination for Sneaker-Obsessed Women

The force really is female.

Unknown Mortal Orchestra Shares New 'Love and Sex' Single
Music

Unknown Mortal Orchestra Shares New 'Love and Sex' Single

“Not in Love We’re Just High” is a catchy, psychedelic record.

Early Images of an Air Jordan 3 "Korea" Surface
Footwear

Early Images of an Air Jordan 3 "Korea" Surface

A South Korean exclusive.


Nardwuar vs. Brockhampton
Music

Nardwuar vs. Brockhampton

It finally happened.

J Balvin Walks Us Through His Colorful Jewelry Collection
Fashion

J Balvin Walks Us Through His Colorful Jewelry Collection

But his mom won’t let him say how much any of it cost.

A PC Version of ‘Chrono Trigger’ Unexpectedly Launches on Steam
Gaming

A PC Version of ‘Chrono Trigger’ Unexpectedly Launches on Steam

Finally.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.