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Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire” (www.currentaffairs.org)

submitted 2 years ago* (last edited 2 years ago) by sexy_peach@feddit.de to c/technology@lemmy.ml

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UC-Berkeley’s Nicholas Weaver has been studying cryptocurrency for years. He thinks it’s a terrible idea that will end in disaster.

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[–] poVoq@lemmy.ml 8 points 2 years ago

It depends. For the stock market investor it is basically another way to gamble with the money, but for the companies getting the money it can be a very good source for bootstrapping needed investments. Of course only if it is used for such and not only to pay off extreme profits by early VC investors or founders.