This week, billionaire investor and Microsoft founder Bill Gates had controversial remarks on cryptocurrencies, claiming that bitcoin has caused deaths in a direct way.
Gates said:
The main feature of crypto currencies is their anonymity. I don’t think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.
False argument 1: Anonymity is the main feature of cryptocurrencies
Anonymity is definitely not the main feature of cryptocurrencies and for the past 9 years, bitcoin has been criticized for its poor privacy. Bitcoin is transparent.