In his recent Ask Me Anything session on Reddit, Bill Gates, the co-founder of Microsoft, was asked about which technology is at a similar stage now as the internet was in the early 2000s. He said that he felt Artificial Intelligence (AI) was the most suitable answer, downplaying the growth potential of web3 and the metaverse, and stating that they alone are not revolutionary. He also dismissed crypto and NFTs, claiming that they are “100% based on greater fool theory” and that he prefers asset classes like farms that have actual outputs. This is not the first time he has been negative about the crypto and NFTs, in the past he joked about expensive monkey pictures saving the world.
It is quite surprising to see Bill Gates, who was once considered a visionary, dismissing new technologies such as web3 and the metaverse, which many experts believe have the potential to revolutionize the way we live and work. Gates was one of the early pioneers of the internet, and his company, Microsoft, played a crucial role in popularizing personal computers and the internet. He was known for his ability to identify and embrace new technologies that had the potential to change the world.
Gates’ reluctance to embrace new technologies is particularly shocking when it comes to web3 and the metaverse. Web3, also known as decentralized web or blockchain web, is a new internet infrastructure that uses blockchain technology to create a more secure, transparent and decentralized internet. The metaverse, on the other hand, is a virtual world where users can interact with each other, create and share content and conduct transactions. Both web3 and the metaverse have the potential to revolutionize the way we interact with each other, share information and conduct business.
AI, which Gates said he believes is the next revolutionary technology, is already being used in many industries and is expected to have a significant impact on the economy and society. However, it is also important to note that web3 and the metaverse are still in the early stages of development, and it’s hard to predict their full potential. But, many experts believe that they have the potential to change the way we live and work, much like the internet did in the early 2000s.
It is also worth mentioning that Bill Gates has always been skeptic about crypto currency, He has previously stated that crypto is “100% based on greater fool theory” and that he prefers asset classes like farms that have actual outputs. He has also joked about expensive monkey pictures saving the world, instead saying that he prefers asset classes like farms that have actual outputs.
In conclusion, Bill Gates has a reputation for being a visionary who can identify and embrace new technologies that have the potential to change the world, so it is quite surprising to see him dismissing new technologies such as web3 and the