Bill Gates took on cryptocurrencies and the future of transportation in an ask me anything (AMA) session on Reddit. And, while he believes innovations in transportation have positive implications, he has reservations over cryptocurrency.
In the post, Gates said the main feature of cryptocurrencies is "their anonymity" － which is not good, he said, because the government needs to track money laundering, tax evasion and terrorist funding. Of course, there’s an issue with illegal drugs too.
"Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way," Gates said in the post. "I think the speculative wave around ICOs [initial coin offerings] and cryptocurrencies is super risky for those who go long!!!!!!!!!!!!!!!!!!!????????????????
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