World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is “really dangerous” and “only speculative.” While declaring that crypto is for those who “want to have a kick out of gambling,” he kept in mind that it might be useful for remittances.
Sir Tim Berners-Lee on Crypto
Sir Tim Berners-Lee, the British computer system researcher who is commonly credited with the development of the World Wide Web, shared his ideas about cryptocurrency on CNBC’s “Beyond the Valley” podcast, released recently.
Berners-Lee called cryptocurrency “dangerous” and compared it to betting. Claiming that “cryptocurrency can be 100% speculative” and “not linked to anything at all,” he believed:
It’s just speculative. Obviously, that’s actually unsafe.
He asserted that crypto is for “if you want to have a kick out of gambling, basically.” He likewise compared cryptocurrency to the dot-com bubble, keeping in mind that individuals were valuing numerous web stocks “because of what they imagined other people will value them in the future, so in other words it wasn’t based on revenue or anything real so the bubble came.” He even more worried: “Investing in certain things, which is purely speculative, isn’t what, where I want to spend my time.”
However, Berners-Lee stated cryptocurrencies might be useful for remittances. He shared:
Having been utilizing it for remittances, that appears to be the most useful thing, if you move things into blockchain since you can get that right away to your household.
The British computer system researcher highlighted: “Just don’t keep the currency … get rid of it, put it back into USD.”
What do you consider Tim Berners-Lee’s view on crypto? Let us understand in the remarks area listed below.
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