his caution seriously. However, while seemingly positive, Gates went on to suggest that though he believes the world needs lower-cost payments solutions, bitcoin is perhaps not the best example of bitcoin stolen credit card how the market should look to provide this solution. As with all life, bitcoin and cryptocurrencies are a paradox, the challenge is on how to get the paradox into balance. Bill Gates also spoke about the economics of the whole thing.
He did not speak about the potential of using Bitcoin and other cryptocurrencies to commit crimes like Bill Gates did. I dont see it going anywhere, a lot of applications are going to be built on it and it will be part of our daily lives. He was not comfortable with the fact that there is no discretion between transactions, every transaction goes through. This puts Gates comments in a whole new category.
Hes right in that the people hes trying to reach the poor, unbanked populations of third-world countries probably dont care.
Bill gates: Well its all about helping the poorest.
And one thing they dont have access to is bank accounts.
The fee structure if you have small.
That is the same old order that has failed time and again to address the shortcomings of the system they made their fortunes. Bitcoin is better than currency in that you dont have to be physically in the same place and of course for large transactions currency can get pretty inconvenient. Roughly.8 billion has been raised through sales of new coins, or ICOs, since 2016, according to financial research firm Autonomous Next. He shed a light on the use of cryptocurrency to buy fentanyl and drugs which neo bitcoin china has caused deaths, seemingly blaming Bitcoin and other cryptocurrencies directly. Bloomberg : Bitcoin is better than currency in that you dont have to be physically in the same place, and of course for large transactions currency can get pretty inconvenient. He however expressed that bitcoin would not be dominant in the future.
Gates : Well bitcoin is exciting because it shows how cheap it can.
Bitcoin is better than currency in that you dont have to be physically in the same.