{"id":21372,"date":"2023-02-22T17:48:19","date_gmt":"2023-02-23T01:48:19","guid":{"rendered":"https:\/\/coinnetworknews.com\/world-wide-web-inventor-tim-berners-lee-says-crypto-is-really-dangerous-but-can-be-useful-for-remittances-featured-bitcoin-news\/"},"modified":"2023-02-22T17:48:19","modified_gmt":"2023-02-23T01:48:19","slug":"world-wide-web-inventor-tim-berners-lee-says-crypto-is-really-dangerous-but-can-be-useful-for-remittances-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/world-wide-web-inventor-tim-berners-lee-says-crypto-is-really-dangerous-but-can-be-useful-for-remittances-featured-bitcoin-news\/","title":{"rendered":"World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances \u2013 Featured Bitcoin News"},"content":{"rendered":"
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World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is \u201creally dangerous\u201d and \u201conly speculative.\u201d While claiming that crypto is for those who \u201cwant to have a kick out of gambling,\u201d he noted that it could be useful for remittances.<\/strong><\/p>\n

Sir Tim Berners-Lee on Crypto<\/h2>\n

Sir Tim Berners-Lee, the British computer scientist who is widely credited with the invention of the World Wide Web, shared his thoughts about cryptocurrency on CNBC\u2019s \u201cBeyond the Valley\u201d podcast, published last week.<\/p>\n

Berners-Lee called cryptocurrency \u201cdangerous\u201d and likened it to gambling. Claiming that \u201ccryptocurrency can be 100% speculative\u201d and \u201cnot linked to anything at all,\u201d he opined:<\/p>\n

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It\u2019s only speculative. Obviously, that\u2019s really dangerous.<\/p>\n<\/blockquote>\n

He asserted that crypto is for \u201cif you want to have a kick out of gambling, basically.\u201d He also compared cryptocurrency to the dot-com bubble, noting that people were valuing various internet stocks \u201cbecause of what they imagined other people will value them in the future, so in other words it wasn\u2019t based on revenue or anything real so the bubble came.\u201d He further stressed: \u201cInvesting in certain things, which is purely speculative, isn\u2019t what, where I want to spend my time.\u201d<\/p>\n

However, Berners-Lee said cryptocurrencies could be useful for remittances. He shared:<\/p>\n

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Having been using it for remittances, that seems to be the most useful thing, if you transfer stuff into blockchain because you can get that immediately to your family.<\/p>\n<\/blockquote>\n

The British computer scientist emphasized: \u201cJust don\u2019t keep the currency \u2026 get rid of it, put it back into USD.\u201d<\/p>\n

What do you think about Tim Berners-Lee\u2019s view on crypto? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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