Bill Gates accuses cryptocurrencies of causing deaths directly

Image: Bill Gates (AP)

Yesterday there was an AMA in reddit with Bill Gates as the protagonist. The Microsoft boss left several headlines, but above all, he showed his concern about the use of cryptocurrencies and the type of technology that in his opinion” has caused deaths quite directly.”

Gates expressed his belief that the anonymity behind cryptocurrencies is not “a good thing”, adding that society benefits when governments are able to identify money launderers, tax evaders and people who finance terrorists. As he explained:

“The main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing. The Governments [sic] ability to find money laundering and tax evasion and terrorist funding is a good thing,” 

In addition, for Gates cryptocurrencies ” have caused deaths in a fairly direct manner ” and highlighted the ease with which drugs can be purchased online using digital currencies.

He said: “At this time, cryptocurrencies are used to buy Fentanyl and other drugs, so this is a rare technology that has caused deaths quite directly. I think the speculative wave about ICOs and cryptocurrencies is very risky.”

Finally, a reddit user replied Gates arguing that he could also buy Fentanyl with cash, so the Microsoft co-founder defended his initial statement in the following way: “Yes, anonymous cash is used for this kind of thing, but you have to be physically present to transfer it, which makes things like sequester payments more difficult.”