Microsoft founder bill gates was puzzled by Reddit user with his statement that cryptocurrency is a rare technology which can lead to death in the literal sense of the word.
«The main feature of cryptocurrency is anonymity. I don’t think it’s good. The government’s ability to detect and deter cases of money laundering, tax evasion and the financing of terrorism is a good thing. Crypto currencies are used to buy drugs, so it is a rare technology that leads to death», – he wrote.
While the cases of purchases of drugs online increase, the vast majority of consumers still purchase illegal substances with more «traditional» methods. According to a Global survey of the drug traffic in 2017, regardless of the country, less than half of drug users (about 10.1%), buy online markets in the Dark Web in any country.
Gates ‘ statements led to sharp criticism from Reddit users who participated in the discussion: some recommended that the gates to read the Bitcoin White paper, others criticized him for trying to influence the stock market with the help of his star status.
The observation that Fiat can also be used for illegal activities such as money laundering, tax evasion, financing of terrorism and the drug buy, gates said that this requires physical presence.
«Yes, these things are used for the anonymous money, but you have to be physically present to transfer them, which complicates things like kidnapping people,» he said.
While gates is skeptical about the crypto currencies, their underlying technology — the blockchain — is the field of interest from Microsoft, which in recent years has initiated several related projects, in particular Microsoft Azure BaaS and the Coco Framework.