World Wide Web inventor Tim Berners-Lee called cryptocurrencies “dangerous” and likened them to gambling in an episode of CNBC’s “Beyond the Valley” podcast released last Friday. rice field.
Discussing the future of the web, Berners-Lee said digital currencies were “no more than speculation,” comparing them to the dot-com bubble, where Internet stocks are often very inflated without a solid business behind them.
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“It’s just speculation. Obviously, it’s really dangerous,” Berners-Lee told CNBC.[It’s] Basically, if you want to get out of gambling. “
“Investing in certain things that are purely speculative is not something I want to spend my time on,” he added.
However, Berners-Lee said digital currency could be useful for remittances if it was immediately converted to fiat when received.
A British computer scientist is credited with inventing the World Wide Web in 1989. Alongside John Bruce, Berners-Lee is reshaping the future of the internet through his startup his Inrupt, with the aim of giving people more control over their data. Both gave extensive interviews on the future of the Internet on his CNBC show Beyond The Valley.
The future of Web3
many supporters The future of the Internet from a Web3 perspective, a catchall phrase without a clear meaning. Proponents, however, often say that this version of the internet is powered by blockchain technology, which first appeared in the cryptocurrency Bitcoin. Some say Web3 is a decentralized internet that will take some power away from giants like Facebook and Google.
However, Berners-Lee says that the future of the Internet is “Web 3.0”, which distinguishes it from Web3. Web 3.0 is his own proposal for restructuring the Internet.
“This is not blockchain,” Berners-Lee said, suggesting the technology is neither fast nor secure enough.