{"id":2155,"date":"2020-06-04T18:31:55","date_gmt":"2020-06-04T16:31:55","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=2155"},"modified":"2020-06-04T18:31:55","modified_gmt":"2020-06-04T16:31:55","slug":"what-bill-gates-think-about-cryptocurrency","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/2155","title":{"rendered":"What Bill Gates think about cryptocurrency?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/2155\/#Early_Stance_of_Bill_Gates\" title=\"Early Stance of Bill Gates\">Early Stance of Bill Gates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/2155\/#Crypto_References_trending_in_Modern_TV_Shows\" title=\"Crypto References trending in Modern TV Shows\">Crypto References trending in Modern TV Shows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/2155\/#Mr_Gates_Retracing_his_steps\" title=\"Mr. Gates Retracing his steps\">Mr. Gates Retracing his steps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/2155\/#Away_from_the_past_into_the_future\" title=\"Away from the past into the future\">Away from the past into the future<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Early_Stance_of_Bill_Gates\"><\/span><b>Early Stance of Bill Gates<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">In early 2018 if Crypto had an anti-fan page, Bill Gates could have been seen one of its biggest fan. The former Microsoft chief and richest man in the world have openly refused to acknowledge the identity and acceptance of crypto in the real world in several interviews in the past. One of Gates&#8217; strongest arguments is the anonymity feature of crypto, arguing that this is one major cause of death in fairly direct ways in an open <\/span><a href=\"https:\/\/www.reddit.com\/r\/IAmA\/comments\/80ow6w\/im_bill_gates_cochair_of_the_bill_melinda_gates\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">AMA session\u00a0<\/span><\/a><a href=\"https:\/\/www.reddit.com\/r\/IAmA\/comments\/80ow6w\/im_bill_gates_cochair_of_the_bill_melinda_gates\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">on Reddit.<\/span><\/a>\u00a0Since then, Bill Gates and Cryptocurrency has been a topic that has drawn attention to many.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2156\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/103597157-IMG_9047.jpg\" alt=\"Bill Gates on Cryptocurrency\" width=\"750\" height=\"509\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/103597157-IMG_9047.jpg 1400w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/103597157-IMG_9047-300x204.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/103597157-IMG_9047-1024x695.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/103597157-IMG_9047-768x521.jpg 768w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<p><span style=\"font-weight: 400\">Bill Gate in an <\/span><a href=\"https:\/\/www.cnbc.com\/2018\/05\/07\/bill-gates-i-would-short-bitcoin-if-i-could.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">interview session<\/span><\/a><span style=\"font-weight: 400\"> with billionaire investor Warren Buffet on CNBC Squawk Box describes Bitcoin and other cryptocurrencies, a type of greater fool theory type of investment, adding\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">that there are no real properties underlying the assets. This stance wouldn\u2019t come as<\/span><span style=\"font-weight: 400\">\u00a0a surprise to crypto enthusiasts who witnessed the bloodbath of the market in 2018 as a wave of correction to Bitcoin and cryptocurrencies hitting ATH in a massive rally that shook the entire industry and the world in late 2017.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The ex-Microsoft boss&#8217; concern in areas of anonymity is a real thing that allows for argument and counterargument. Due to this property, it is easier for the men of the underworld to run deals, carry out nefarious activities completely undetected. In fact this anonymity property is well established in privacy coins like Monero, Zcash, PIVX etc but it is not a general property for all cryptos even Bitcoin as an open ledger, open transaction is one prime feature of the Bitcoin components.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_References_trending_in_Modern_TV_Shows\"><\/span><strong>Crypto References trending in Modern TV Shows<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Episode 2 season 3 of USAnetwork series \u201cQueen of the South\u201d shows a scene where lead actor Teresa Mendoza in a bid to evade the prying eyes of the bank in her drug dealings would engage the service of a crypto expert Rocco de la Pena to make transaction worth several millions of dollars and they will do so using privacy coin Monero.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2158\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/QOTS_303_JordiMolla2_1920x1080.jpg\" alt=\"Bill Gates on Cryptocurrency \" width=\"750\" height=\"422\" title=\"\"><\/p>\n<p><span style=\"font-weight: 400\">But what many critics of the cryptocurrency like early Bill Gates fails to realize is that privacy is just one part of the features of cryptocurrency, not characteristic of the several thousands of cryptocurrency out there having credible utility features that serves humanity, makes life easy, does the job pretty better and faster, eliminates middlemen(especially in transaction), eliminate fraudulent practises in various sectors including transportation, textile, luxury, advertising, aviation, medicine, agriculture and even security.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Incredible blockchain based services like <\/span><a href=\"https:\/\/www.satt-token.com\/\"><span style=\"font-weight: 400\">SaTT<\/span><\/a><span style=\"font-weight: 400\"> &#8211; The coin revolutionizing advertising transaction in the blockchain; is a very credible example of a blockchain based advertising platform that aims to reinvent the wheels of advertising, eliminates sharp and fraudulent practises, bring publishers and advertisers together and ensures that the right value goes to the right channel in an open and transparent environment making use of the Ethereum infrastructure the number 2 blockchain in the world.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There exist several blockchain based services like SaTT carrying out functions that are separated from transactional functions a<\/span><span style=\"font-weight: 400\">nd even transactional coins with the right utilities are not all carrying the privacy property which as far as now is the only part critics find troubling with the cryptocurrency usage.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mr_Gates_Retracing_his_steps\"><\/span><strong>Mr. Gates Retracing his steps<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">But Mr Gate would later retrace where he would <\/span><a href=\"https:\/\/www.globalcitizen.org\/en\/content\/bill-gates-cryptocurrency-poverty\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">talk<\/span><\/a><span style=\"font-weight: 400\"> on the potentials that cryptocurrencies and digital payment holds. The ability for wealth redistribution, low cost of transaction upto 90%, greater access to financial instruments which allows people to build up credit, accumulate savings, access loans to build up businesses, buy insurance to protect against their potential loss, a digital payment that services these industries and holds no boundary.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a champion of eradicating poverty, exterminating diseases through provision of vaccines, girls child education through the Melinda and Gates Foundation. Mr Gates would recognize the potentials that cryptocurrency and the blockchain holds.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Away_from_the_past_into_the_future\"><\/span><b>Away from the past into the future<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The future holds\u00a0 a lot of promises for the crypto sector. The only asset that has been able to hold still to a good value above stocks, ETFs, gold and other known financial instruments in today\u2019s uncertain times of pandemic have been Bitcoin and cryptocurrency and have in record times <\/span><a href=\"https:\/\/www.forbes.com\/sites\/ktorpey\/2020\/04\/13\/the-bitcoin-price-has-outperformed-all-other-major-asset-classes-over-the-past-year\/#6b9e5b056fbb\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">outperform<\/span><\/a><span style=\"font-weight: 400\"> all other asset classes in the world.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2157\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/960x0.jpg.png\" alt=\"Bitcoin Price over perform in 2019 \" width=\"750\" height=\"421\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/960x0.jpg.png 960w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/960x0.jpg-300x168.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/06\/960x0.jpg-768x431.png 768w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<p><span style=\"font-weight: 400\">Some critics argue that crypto is an entire<\/span><span style=\"font-weight: 400\">ly speculative asset class and has no underlying value, but Bitcoin maximalists will bring up a counter argument that goes thus \u201cWhat\u2019s more valuable than a community of believers and supporters behind an idea?\u201d. <\/span><a href=\"https:\/\/www.alexa.com\/siteinfo\/bitcoin.org\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Alexa<\/span><\/a><span style=\"font-weight: 400\"> rankings on <\/span><a href=\"https:\/\/bitcoin.org\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Bitcoin.org<\/span><\/a><span style=\"font-weight: 400\"> search shows that the website owns approximately 60.9% of total search traffic and top keywords like \u201cBitcoin\u201d \u201cBitcoin wallet\u201d owns 49.66% and 4.07% respectively.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">In March 2020 Bill Gates departed Microsoft Board after making a <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bill-gates-departs-microsoft-board-after-pledging-14m-to-african-blockchain\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">pledge<\/span><\/a><span style=\"font-weight: 400\"> of $1.4m to African Blockchain establishing very powerfully his faith and belief in the cryptocurrency sector again.<\/span><\/p>\n<p>Bill Gates and Cryptocurrency &#8211; Hope you enjoyed reading up on the stance on Cryptocurrency by one of the most influential tech giants. To read more about what&#8217;s happening on the crypto sphere visit our <a href=\"https:\/\/satt-token.com\/blog\/2020\/06\/02\/crypto-highlights-week-22-everything-from-last-week-you-dont-want-to-miss\/\">weekly crypto highlights<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early Stance of Bill Gates In early 2018 if Crypto had an anti-fan page, Bill Gates could have been seen one of its biggest fan. The former Microsoft chief and richest man in the world have openly refused to acknowledge [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47,52],"tags":[],"class_list":["post-2155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories","category-interview-lifestory"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=2155"}],"version-history":[{"count":0,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/9632"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=2155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=2155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=2155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}