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Wednesday, 28 February 2018
Bill Gates trashes hyperloop and cryptocurrencies in AMA
Bill Gates isn't a fan of tech's popular buzzwords: cryptocurrency and hyperloop. The Microsoft co-founder hosted his sixth Reddit AMA on Tuesday, and didn't hold back on his answers. Gates doesn't like what most people find appealing about cryptocurrencies: anonymity.
"The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing," he wrote, "I think the speculative wave around ICOs and crypto currencies is super risky for those who go long."
When u/dikkepiemel pointed out that hard cash is still used for fentanyl and "god knows what else," Gates responded: "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."
Gates also threw some shade at a concept from fellow tech mogul Elon Musk, whose plans for a "Hyperloop" through the East Coast drew some ridicule. Musk tweeted in July, "Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins."
In Gates' AMA, u/123lift asked if the Gates Foundation had any plans to tackle inadequate public transportation, since "it seems overlooked."
"I think electric cars and autonomous vehicles will be great things ... I am not sure the hyperloop concept makes sense," Gates said, "Making it safe is hard."
It's a not-so-subtle jab at the Tesla CEO, whose Boring Company just got a preliminary permit to start exploratory digging in DC.
Gates also took a stance on one of the most divisive debates for coders: tabs or spaces?
"When I code I use tabs because you want the columns to line up," he responded, "For some word documents I use tabs. You want things to adjust when you go back and edit them and tabs help."
Gates also took a stance on one of the most divisive debates for coders: tabs or spaces?
"When I code I use tabs because you want the columns to line up," he responded, "For some word documents I use tabs. You want things to adjust when you go back and edit them and tabs help."
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