Cryptocurrency ‘Nothing More Than A Pyramid Scheme’, Says Browser Boss

Cryptocurrency ‘Nothing More Than A Pyramid Scheme’, Says Browser Boss

Vivaldi has become the latest browser maker to take a stand against cryptocurrencies, arguing that they are “nothing more than a pyramid scheme posing as currency”. The broadside comes in a blog post from Vivaldi CEO, Jon von Tetzchner, in which he clarifies the company’s position on cryptocurrencies in no uncertain terms. “Cryptocurrency has been touted by many as a revolution in currency, the future of investment, and a breakthrough technology,” von Tetzchner writes on the Vivaldi blog. “But if you look beyond the hype, you’ll find nothing more than a pyramid scheme posing as currency.” He criticizes the way cryptocurrencies are sold to budding investors. “Since cryptocurrencies are too volatile to be used as an actual currency, people treat it as a sort of investment scheme,” he writes. “The …
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