Bill Gates: Digital Currency Will Help Those Who Live in Poverty The co-founder of Microsoft Corporation and one of the world’s richest men Bill Gates shared his thoughts regarding financial system, digital currency, human resources and poverty. Bitcoin is better than currency in that you don’t have to be physically in the same place and of course for large transactions currency can get pretty inconvenient. – Bill Gates Indeed, decentralized blockchain technology (which constitutes the heart of Bitcoin and other cryptocurrencies) allows the instant transfer of value using a trustless peer-to-peer network. Cryptocurrencies like bitcoin can be used to buy things without a middleman, meaning there’s less need for a bank. While the traditional banking system can charge high transaction fees, bitcoin can allow global transactions to take place at a lower cost. Just because it’s “better than currency” doesn’t necessarily mean cryptocurrencies will replace old-fashioned money, […] “Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient,” Nonetheless, most people find anonymity as Bitcoin’s dynamics of financial freedom, decentralization, and control against dystopic policies. "Bitcoin is better than currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." So what, if anything, has changed? Well, arguably not that much. In 2014, Bill Gates was speaking about Bitcoin as a transactional currency, and more specifically about the fact that Bitcoins (in comparison to money) can be ... One interesting aspect about Gates’ negative comments is that he actually praised Bitcoin years ago. For example, he told CNBC in 2014 that it was “better than currency”. He elaborated that it showed how “inconvenient” fiat currency could be when it comes to “large transactions”.
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