Bill Gates says cryptocurrency is 'a rare technology that has caused deaths in a fairly direct way'Becky PetersonFeb 28, 2018, 01:18 IST Afolabi Sotunde/ReutersAfolabi Sotunde/ReutersBillionaire philanthropist and Microsoft co-founder Bill Gates said no technology has "caused deaths in a fairly direct way" to the extent that cryptocurrencies have.He said that the ease with which people can anonymously buy drugs is a major problem, and suggested that cryptocurrencies are used to launder money and fund terrorist organizations.Gates also added that "the speculative wave" around initial coin offerings and cryptocurrencies is "super risky."Bill Gates does not seem to be a fan of cryptocurrencies. In a Reddit AMA on Tuesday, the Microsoft cofounder and richest man in the world expressed his belief that the anonymity behind cryptocurrencies is not "a good thing," adding that society benefits when governments can identify money launderers, tax evaders, and the people funding terrorists. "The main feature of cryptocurrencies is their anonymity. I don't think this is a good thing. The Governments [sic] ability to find money laundering and tax evasion and terrorist funding is a good thing," Gates wrote.Gates also said that cryptocurrency has "caused deaths in a fairly direct way," noting the ease with which drugs can be bought online using digital currencies. "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. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long," he said. When one Reddit user responded to say that you can buy Fentanyl with cash, Gates defended his initial assertion."Yes - anonymous cash is used for these kinds of things but you have to be physically present to transfer it which makes things like kidnapping payments more difficult," he said. It should be noted that fans of cryptocurrencies believe that low-cost global money transfers and decentralization of power are actually some of the more compelling features of cryptocurrencies. This means that Gates' remarks are likely to be met with resistance from the cryptocurrency world.Gates' full, original comment:"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."Read the full Reddit AMA with Bill Gates here. Comment from discussion I'm Bill Gates, co-chair of the Bill & Melinda Gates Foundation. Ask Me Anything..EXCLUSIVE FREE REPORT:The Bitcoin 101 Report by the BI Intelligence Research Team.Get the Report Now » NOW WATCH: How Silicon Valley's sexist 'bro culture' affects everyone - and how to fix it Add Comment()Comments ()Characters Remaining: 3000SIGN IN WITHFacebookGoogleEmailOR PROCEED WITHOUT REGISTRATIONXSort By:NewestOldestDiscussedUp VotedDown VotedBe the first one to comment.We have sent you a verification email. This comment will be published once verification is done.Next StoryMarch is stacked with new video games - here are the 10 biggest releases coming next monthRelated StoriesElection 2019: BJP Candidate list for ChhattisgarhThis 7-month old startup has $35.5 million funding from Sequoia and Virat Kohli as its brand ambassadorLok Sabha Election 2019 Candidate List for ChattisgarhLatest StoriesHow we can protect our data from hackingTHE ONLINE GROCERY REPORT: The market, drivers, key players, and opportunities in a rising segment of e-commerceWireless chargers: The future of mobile phone chargingThe rise of Jake Paul, the former Vine star who got married in a wild and crazy Las Vegas wedding to fellow YouTuber Tana MongeauComparision between Real Estate Vs PPF -- which is better for investment?