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April 13, 2018, 03:49:27 PM |
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It always saddens me to see someone speak outside of their realm of knowledge in an authoritative manner. Bill Gate's estimation of crypto is no more meaningful than that of the guy at the grocery store, or the manager of a bank, or that of a dentist - its not to say that they can't have valid opinions about things - its just that being generally intelligent, or being successful in a single field (or even several fields), doesn't necessarily mean that one has any special credibility outside of their realm of expertise. What I'm trying to say is, I don't really care too much about Bill Gate's opinion on the military tactics, I don't care about his opinion on advancements in aviation, and I don't care about his opinion on crypto, not because I think he's dumb (he's obviously not), its just his success in Microsoft and personal computers doesn't automatically confer him valuable insights into other fields (or, we should say, more valuable of an opinion than any other person).
On the subject of whether or not crypto has led to the deaths of people - that same argument could be applied just as ignorantly as to cash, since, afterall, haven't drug cartels (which have committed horrible crimes) been using cash as a medium? Now the counter to this will be that a feature of crypto's nature is its anonymity, but again - a cash transaction is not immediately tracked nor reported to any authority. Consider this: whether I give a homeless man $10 or $5000, does anyone else know unless I tell them? Of course not. If anything, the fact that to transform crypto into any kind of fiat (which is what these parties need) often requires an exchange, in a certain sense, there may be more identifiers, since its rather hard to mask an exchange's deposit to a bank.
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