BILL GATES REVEALS HİS ‘AMAZİNG ' VİEWS ON CRYPTOCURRENCY AND HYPERLOOP
Bill Gates isn't happy with the tech jargon of recent years.
Gates, the former CEO of Microsoft, known for his philanthropic and futurist identities, doesn't think much of cryptocurrencies and Elon Musk's high-speed rail project, Hyperloop.
One of the world's most successful startups, Microsoft co-founder Bill Gates, who attended a question and answer event via Reddit, answered questions from across the platform on Tuesday. Noting his thoughts on cryptocurrencies, Gates expressed discomfort with their being interestingly anonymous.
"The key feature of cryptocurrencies is privacy. I don't think this is a good thing. The ability of governments to curb money laundering, tax evasion and terrorist financing is a good thing. Currently encrypted currencies are used to buy illegal exchanges and other drugs, so it is a rare technology that directly causes deaths. I think the speculative wave around ICOs and cryptocurrencies is very risky in the long run."
Gates also declared his ideas for Hyperloop, Elon Musk's high-speed rail capsule project, which aims to exceed long distances in considerable times. Gates, who made statements that cast a shadow over Musk's concept, doesn't trust the system:
"I think private markets are filling innovation in this area pretty well. Electric cars and autonomous vehicles are going to be great things. Our foundation is currently conducting trials in Rwanda and Tanzania for transporting medical supplies with drones. I'm not sure the Hyperloop project makes sense as a concept, it's very difficult to secure”
Gates ' statements relate to two key technological revolutions that have not fallen out of the language in recent months. Far from his job at Microsoft, Gates is interested in the Bill & Melinda Gates Foundation, which he and his wife co-founded, and now seems to want to stay off the technology agenda in the modern sense. And what do you guys think of Gates ' statements?