2 years ago
World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is “really dangerous” and “only speculative.” While claiming that crypto is for those who “want to person a footwear retired of gambling,” helium noted that it could beryllium utile for remittances.
Sir Tim Berners-Lee connected Crypto
Sir Tim Berners-Lee, the British machine idiosyncratic who is wide credited with the invention of the World Wide Web, shared his thoughts astir cryptocurrency connected CNBC’s “Beyond the Valley” podcast, published past week.
Berners-Lee called cryptocurrency “dangerous” and likened it to gambling. Claiming that “cryptocurrency tin beryllium 100% speculative” and “not linked to thing astatine all,” helium opined:
It’s lone speculative. Obviously, that’s truly dangerous.
He asserted that crypto is for “if you privation to person a footwear retired of gambling, basically.” He besides compared cryptocurrency to the dot-com bubble, noting that radical were valuing assorted net stocks “because of what they imagined different radical volition worth them successful the future, truthful successful different words it wasn’t based connected gross oregon thing existent truthful the bubble came.” He further stressed: “Investing successful definite things, which is purely speculative, isn’t what, wherever I privation to walk my time.”
However, Berners-Lee said cryptocurrencies could beryllium utile for remittances. He shared:
Having been utilizing it for remittances, that seems to beryllium the astir utile thing, if you transportation worldly into blockchain due to the fact that you tin get that instantly to your family.
The British machine idiosyncratic emphasized: “Just don’t support the currency … get escaped of it, enactment it backmost into USD.”
What bash you deliberation astir Tim Berners-Lee’s presumption connected crypto? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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