Bill gates about bitcoin

For our Global Societies project, reporters around the world will be writing about societal problems, sustainability and development in Asia, Africa, Latin America and Europe. The series will include features, analyses, photo essays, videos and podcasts looking behind the curtain of globalization. When the paths in the mountains around Suchitoto are overgrown, Erick Castro clears the way with his machete. His mobile phone often has no reception up here in the mountains. Nevertheless, the year-old farmer is a Bitcoin fan. A tech pioneer in the countryside: Erick Castro believes in the vision of a Bitcoin state.



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WATCH RELATED VIDEO: Bill Gates discusses CryptoCurrency

Would be good to get rid of cryptocurrency, says billionaire technocrat Bill Gates


Bill Gates, fresh off making headlines for suggesting the world should eat percent synthetic beef , is now beefing with a new target: bitcoin. Gates, the Microsoft cofounder and chair of the investment fund Breakthrough Energy Ventures, recently said in a live-streamed Clubhouse session that bitcoin guzzles up a concerning amount of energy. A quick refresher: Bitcoin is a cryptocurrency —a shared, encrypted, publicly available form of money made by building links in a longer and longer blockchain code.

Blockchain refers to the collective record called a ledger that stores cryptocurrency transactions, like a communal Excel spreadsheet. These volunteers are called miners, and the reward for volunteering their hardware is kickbacks in the form of more cryptocurrency.

Miners use high-end graphics cards, or GPUs, because these pieces of hardware are already made to churn through computer math as quickly as possible and with a lot of calculations running at the same time. Like a highway with more lanes, this reduces congestion and travel time. It also heats up your PC, usually requiring high-end fans to match. Dell packed an incredible display and a sleek design with admirable gaming capabilities. With a inch screen but thin design, this laptop balances performance and portability.

Razer has refined its Blade gaming laptop with more speed, battery life, and style. Beautifully designed and powerful to boot, the Area 51M is a true paragon of gaming. Scientists from the University of Cambridge Judge Business School recently built an interactive analysis tool to calculate the real energy cost of bitcoin cryptocurrency.

Using their energy use model, the researchers found that bitcoin mining uses more energy each year In response, industry researchers have pushed back , claiming bitcoin uses just 2.

What if just one optional transaction each year used 2. Where do we draw the line? The total GHG emissions from digital tech are estimated to Mt, with Bitcoin contributing to roughly 2. I buy measles vaccines. I invest in companies that make products. What Gates describes is an almost utopian closed economy where sustainable businesses can exchange digital currency of a select type. Gates wants to direct this same style of structure toward the global poor, for whom using digital currency could remove structural barriers, debilitating transaction fees, and other overhead costs.

How is this different from cryptocurrency, which is also digital? Simply making a digital currency means, for example, the in-game currencies in huge games like Fortnite along with programs like the ones Gates aspires to put in place around the world.

By warning smaller investors to keep their eyes peeled, Gates seems to be trying to educate consumers and advise caution. Type keyword s to search. Today's Top Stories. Why Challenger Conspiracy Theories Persist. Jack Taylor Getty Images. Research shows bitcoin mining uses more energy each year than the entire country of Argentina. This content is imported from YouTube. You may be able to find the same content in another format, or you may be able to find more information, at their web site.

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Bill Gates on bitcoin: warns people with 'less money than Elon Musk' to 'watch out'

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Bill Gates Has Taken a Neutral View on Bitcoin

The billionaire Microsoft founder made his remarks in a recent New York Times interview, and recent data revealing the enormous energy usage of bitcoin mining seems to back that up. But proponents of digital currencies, which are quickly being adopted by the mainstream, believe that the industry could be a force for good — if it eventually makes a total switch to renewables. Recent studies have highlighted the enormous toll that mining bitcoin, the most well known of all cryptocurrencies, has on the planet. An analysis undertaken by Cambridge researchers, for example, estimates that bitcoin uses up more electricity than the whole of Argentina. This is because they chase wherever energy is cheapest, so some opportunistic mining operations will move their operations seasonally , to areas like Sichuan where there is low-cost hydropower in the summer months. Outside of China, bitcoin miners are also gradually moving to cleaner energy. Whether the cryptocurrency world will become a force to drive the green energy revolution or not remains to be seen.


Billionaire Bitcoin Battle: Elon Musk Praises Crypto, Bill Gates Warns Investors to 'Watch Out'

bill gates about bitcoin

Bill Gates is squaring off with Elon Musk on the subject of Bitcoin, suggesting that anyone who isn't the richest man in the world should be wary of purchasing cryptocurrency. My general thought would be that if you have less money than Elon, you should probably watch out,' he said. Gates, who has been promoting his new book on climate change, slammed Bitcoin as environmentally unfriendly, saying that cryptocurrency 'happens to use a lot of energy' for the servers used to process transactions. This week, Musk dropped back to the second position on the Bloomberg Billionaires Index. The fortunes of the billionaires fluctuate based on the value of their stock holdings, which constitute a large portion of their wealth.

At present, the energy footprint of Bitcoin is hovering around

Bill Gates Says Bitcoin Is Bad for the Planet. He’s Not Wrong.

Get Fully Briefed with Yahoo Finance, delivered straight to your inbox. In an interview with the Wall Street Journal published on Thursday, Gates was asked what technology innovation the world could live without, to which he responded - in a roundabout way - cryptocurrency. Bio weapons is the right answer. But in another interview with CNBC on Thursday, Gates was asked about cryptocurrency in the context of climate change, because mining digital assets takes up an enormous amount of energy. Want to be your best financial year yet? Michael Yardney discusses the most recent moves in the Australian property market.


It's Gates versus Musk as world's richest spar over bitcoin

Bill Gates, fresh off making headlines for suggesting the world should eat percent synthetic beef , is now beefing with a new target: bitcoin. Gates, the Microsoft cofounder and chair of the investment fund Breakthrough Energy Ventures, recently said in a live-streamed Clubhouse session that bitcoin guzzles up a concerning amount of energy. A quick refresher: Bitcoin is a cryptocurrency —a shared, encrypted, publicly available form of money made by building links in a longer and longer blockchain code. Blockchain refers to the collective record called a ledger that stores cryptocurrency transactions, like a communal Excel spreadsheet. These volunteers are called miners, and the reward for volunteering their hardware is kickbacks in the form of more cryptocurrency. Miners use high-end graphics cards, or GPUs, because these pieces of hardware are already made to churn through computer math as quickly as possible and with a lot of calculations running at the same time.

Unless you're the world's richest person, you shouldn't be buying Bitcoin. That's the message from Bill Gates - the third richest.

It’s Gates vs Musk as world’s richest spar over bitcoin

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Gates Foundation expands board following Bill, Melinda split

RELATED VIDEO: Bill Gates on Misinformation, Bitcoin, Pandemic

Billionaires play a key role in helping influence the world, from political decisions to social and economic reforms. Forbes puts the list of billionaires in the world at 2, Many of these billionaires are founders of technology companies, with much of their wealth wrapped up in the companies they started. Note that many billionaires are taxed differently or not at all on their wealth given that much of their gains are unrealized —meaning they haven't sold any stock or equity, and thus, haven't had to pay taxes yet. As well, while some billionaires hold several billion dollars in cash, many also have investments in private assets, such as private companies, real estate, or other public companies.

By Keith Griffith For Dailymail. Bill Gates is squaring off with Elon Musk on the subject of Bitcoin , suggesting that anyone who isn't the richest man in the world should be wary of purchasing cryptocurrency.

"If You Have Less Money Than Elon...": In Gates Vs Musk, A Bitcoin Warning

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info. Bill Gates, Microsoft founder, billionaire and global philanthropist weighed in on bitcoin after Elon Musk, Tesla chief executive, CEO of SpaceX and business magnate sent the price of this cryptocurrency soaring.

Bill Gates Says He's 'Neutral' on Bitcoin

Microsoft founder Bill Gates has not invested in Bitcoin, he said in a live chat on the social network Clubhouse. Mr Gates told host Andrew Sorkin that he preferred to invest in companies "that make products", citing malaria and measles vaccines as examples. The billionaire said he did not choose his investments on the basis of whether they would be worth more to others. In an earlier interview he had discussed Tesla founder Elon Musk's enthusiasm for the virtual currency.


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