Tim Berners-Lee on Cryptocurrency and the Future of the Internet

02/20/2023 06:31 • Blockchain Buzz • 138 views

It is reported that Tim Berners-Lee, the founder of the World Wide Web, said in the CNBC podcast Beyond The Valley that cryptocurrency is dangerous and compared it to gambling. Berners-Lee said that digital currency is only speculative. At the same time, Berners-Lee also said that the future of the Internet is Web3.0, not blockchain or Web3 (Web 3.0 is his own proposal to reshape the Internet). （CNBC）

Tim Berners-Lee, founder of the World Wide Web: The future of the Internet is Web3.0

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Tim Berners-Lee, the visionary who is credited with inventing the World Wide Web, recently shared his thoughts on cryptocurrency in a podcast interview with CNBC. Berners-Lee had a clear message to convey when it came to digital currencies: he believes that they are dangerous and that they bear similarities to gambling.

The Web inventor has stated that, in his opinion, cryptocurrency is purely speculative in nature. This declaration suggests his concerns about the volatile nature of digital currencies that are traded on various exchanges. Furthermore, Berners-Lee’s view implies that their current value does not reflect a concrete, intrinsic worth. Instead, their value is merely the sum of the sentiment of traders and investors at any given moment.

While this may be true for many cryptocurrencies, it is important to note that there are exceptions, such as Bitcoin, which many investors believe is at least a partial store of value. Nevertheless, Berners-Lee’s comments are significant given his enormous influence and reputation in the tech industry.

Berners-Lee also shared his thoughts on the future of the Internet. Web3.0, which he has been thinking about for some time, is his vision of a decentralized Internet that reimagines websites as individual entities rather than as platforms that are owned and controlled by mega-corporations like Google or Facebook.

In contrast to blockchain — the technology behind cryptocurrencies which some see as the future of the Internet — Berners-Lee believes that Web3.0 is the path forward. He claims that the decentralized nature of Web3.0 will shift the power from big corporations back to everyday users, giving them greater control over their online actions and data.

In summary, Berners-Lee’s views on cryptocurrency challenge its position as a safe and stable investment while presenting Web3.0 as a more promising option for users who are seeking a decentralized, user-driven Internet. It remains to be seen if his predictions will come to pass, but his voice and insight undoubtedly carry substantial weight in the tech community.

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