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Breaking News / Cryptocoins

These Coins Could Be At Risk Under New Microsoft Acquisition Of Github

Yesterday, news surfaced regarding a brand new acquisition of software portal, Github by tech giants, Microsoft.

Github is a platform for software distribution that is used to house various back end software code for developers to access in the pursuit of open source transparency. Developers can use this code to make adaptations to software, use software and create brand new software. Many cryptocurrencies exist through the pure essence of Github, simply because they rely on the nature of open source development to ensure the currencies are mined and can exist. Therefore, under the control of Microsoft, we should consider how some currencies might be affected by changes made within Github.

As it stands, we can’t say if any changes will be made by Microsoft, although it would be strange for them to acquire Github, and then do nothing with it, wouldn’t it?

Privacy coins such as Monero rely on Github to ensure transparency and the longevity of the network. Using Monero as an example, as provided by FInance Magnates, Monero offers total anonymity and thus, is often associated with crime and deviance, something that we know Microsoft and Bill Gates are somewhat against.

According to FInance Magnates, Bill Gates recently spoke about the problems of cryptocurrencies in an online Reddit AMA (ask me anything) during this, he states:

“The main feature of crypto currencies is their anonymity. I don’t think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

See the full report for yourself, here- https://www.financemagnates.com/cryptocurrency/news/microsofts-acquisition-github-mean-monero/

Why is this relevant?

Well, it is pretty clear that Gates would be against currencies like Monero and Verge, for example and therefore we can assume that this may have a direct influence on how Github allows cryptocurrencies to operate. Of course, this might not be the case but as I have already stated, why would Microsoft get a hold of Github if they didn’t plan on making any changes?

No matter what happens, in the worst case scenario if we do see the likes of Monero booted off Github, there are plenty of other ways the community can access Monero code in order to ensure the currency continues to exist. Really, damage will be somewhat limited although, this could very well cause the Monero team, and other teams such as Verge and Dash a significant inconvenience.

Otherwise, maybe nothing will change, and we’re worrying about nothing?

I guess we’ll just have to wait and see.


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