In a recent interview at TechCrunch 2022, Bill Gates once again expressed his opposition to cryptocurrencies and NFTs, stating that average investors should not follow the lead of celebrities who are investing in cryptocurrencies. A recent article in Interesting Engineering states,
Gates said these digital assets were “100% based on greater fool theory,” where investors make money on worthless or overvalued assets as long as people were willing to bid higher on them.
Gates also took a jab at non-fungible tokens (NFTs) that were all the craze last year. A long list of celebrities from the world of sports, entertainment, and beyond paid top dollar to acquire a digital image of a Bored Ape collection. Gates’ comments were ripe with sarcasm when he said, “expensive digital images of monkeys [will] improve the world immensely.”
Many of the people who have embraced crypto and NFTs won’t listen to Bill Gates, however, as he’s already their “perfect villain” — the prime enemy of all things good and free. Michelle Shen, writing for USA Today, cites research by Kathleen Hall Jamieson, director of Annenburg Public Policy Center at the University of Pennsylvania. Jamieson states, “In a world in which nothing happens by chance, those with wealth are assumed to have the power to engage in and cover-up malign activities. As a result, Bill Gates is an inevitable subject of conspiracy theories.” Shen continues:
The unfounded and untrue conspiracies keep coming.
Like witches partnered with Satan, Gates has dark allies in the form of Dr. Anthony Fauci, chief medical advisor to President Joe Biden, and the Chinese government, according to conspiracy theorists’ inaccurate posts on Reddit and 4chan.
Jamieson also found in her research the lie that Fauci was on the board of directors of Microsoft, making Gates his boss, spreading a false narrative that Gates’ goal is to obliterate America, similar to how witches were seen as a threat to Christianity.
Another false theory around Gates is that the pandemic was his plan to depopulate the world and that vaccinations are a way to sterilize the population, a radical leap from Gates’ efforts to raise awareness about overpopulation and climate change.
Rather than dissuading many of the right-leaning crypto-curious, Bill Gates’ anti-crypto statements might just throw fuel on the conspiracy theory fire, and make some of them more likely to turn to crypto. The QAnon crowd is increasingly hawking cryptocurrency, as is the “conspirituality” (conspiracy + spirituality) crowd, which includes comedian-turned-right-wing “freedom patriot” JP Sears, and actor-turned-spiritual-guru Russell Brand, among many others. The Conspirituality Podcast released a great episode last year charting how the conspirituality crowd is exploiting the cryptocurrency craze. I’m sure this latest statement by Gates will be one more piece of “evidence” used to “prove” that, in fact, they should do the opposite of what Gates says and actually invest in crypto.
From The Information: Some employees at [cryptocurrency trading firm Coinbase] have been using a real-time evaluation app invented by Bridgewater Associates, the well-known hedge fund founded by Ray Dalio, which helped enforce a culture of “radical transparency” that encourages blunt honesty, according to two people with direct knowledge. The app, Dot Collector, is sold by Principles, a… READ THE REST
Rhode Island State Representative Carlos E. Tobon has proposed an interesting solution to the state’s housing crisis that would, allegedly, also help to address climate change: inventing a new cryptocurrency. H8152, the Green Housing Public-Private Partnership Act, is intended to incentivize the construction of more LEED-certified properties by crediting developers for whatever emissions they manage… READ THE REST
Dogecoin is now worth more than rubles, according to Ukraine’s Vice Prime Minister Mykhailo Fedorov, who announced today that Ukraine is accepting donations of the memecoin to help fight against Russia. “Now even meme can support our army and save lives from Russian invaders,” he said in a tweet Wednesday morning. But Ukraine, which has… READ THE REST
When you live your life on the go, finding time to cook is challenging. You might resort to unhealthy and unappetizing snacks just to make it through the day. It doesn’t have to be that way, though. You can devour quality meals that require barely any prep. In fact, you can even have great seafood… READ THE REST
If you like to live by the phrase “work hard, play hard,” then Muff Waders has the perfect product for you. This lifestyle brand was started by Taylor “Earl” Nees, who defines himself as a simple man who enjoys “fishing, hunting, playing sports, drinking beer, chasing girls, and loving life.” He and his business partner Garret… READ THE REST
Want to give your brain a boost? Want to overcome mental blocks and brain fog? Think clearly? Stop procrastinating? If you answered yes to any of those questions, you might want to try something a little more advanced than coffee, colas, and energy drinks. Those things are great for a little jumpstart every once in… READ THE REST