News | Job Vacancy | Tv/Interviews | Scholarships | Educations | Entertainment | Biography | Got Talent's | Phones | Super Stories | Sports News | Comedies | Business | Relationship | Tech | Movies Series | Search
Posted by: Yakub Oloyede« on: March 05, 2018, 09:49:53 AM »Bill Gates has said that crypto-currencies are killing people in a “fairly direct way”. The world richest man was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl. In an “ask me anything” session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering. Some criticised him, saying he was ill-informed about the technology. Asked by one user for his opinion on the technology, Gates replied: “The main feature of crypto-currencies is their anonymity. I don’t think this is a good thing. The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. “Right now, crypto-currencies 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 initial coin offerings (ICOs) and crypto-currencies is super risky for those who go long.” Veteran investor Warren Buffet has previously said that the speculative crypto-currency craze “will come to a bad end”.
Muni Long Enlists Mariah Carey on ‘Made for Me’ Remix: Listen by Mr. Babatunde
[Today at 07:47:35 AM] Facebook Meet Up 2024: Nigerian Youths, Students Urged To Connect, Imbibe Values by Miss Ifeoluwa [May 22, 2024, 07:34:46 AM] "Oodua Festival to hold June 23rd - 25th in Osun" - FTAN by Miss Ifeoluwa [May 21, 2024, 07:28:27 PM] Generator fumes kill 7 friends inside studio in Bayelsa by Rajih [May 21, 2024, 03:37:20 PM] CBN raises interest rate to 26.25% amid rising inflation by Rajih [May 21, 2024, 03:35:56 PM]
|