Vivaldi Founder On Crypto
Cryptocurrency has been touted by many as a revolution in currency, the future of investment, and a breakthrough technology. But if you look beyond the hype, you’ll find nothing more than a pyramid scheme posing as currency.
Revisiting an article from the founder of Vivaldi Browser, Jon S. von Tetzchner. (Also a great overall explanation of cryptocurrency for the layman.)
via Mastodon: https:// social.vivaldi.net/@jon/113449749182171946
"Cryptocurrency has been touted by many as a revolution in currency, the future of investment, and a breakthrough technology. But if you look beyond the hype, you’ll find nothing more than a pyramid scheme posing as currency.
It’s basically a digital commodity, though one without government backing or banking system support. Claiming to be the new digital currency of the internet, cryptocurrencies promise decentralization and freedom from governments.
Each cryptocurrency typically follows a certain recipe to ensure that the founders create a lot of wealth, a way to distribute the currency to give it legitimacy, and some story on how it is different from all the others."