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Tim Berners-Lee, the inventor of the World Wide Web, has criticized cryptocurrency in a recent episode of CNBC's "Beyond The Valley" podcast.
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Berners-Lee has referred to cryptocurrency as "dangerous" and compared it to gambling.
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He believes that digital currencies are "only speculative" and may lead to financial loss.
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Berners-Lee has drawn parallels between cryptocurrency and the dot-com bubble, where stocks were highly inflated without solid businesses behind them.
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He has no interest in investing in speculative assets and considers it a waste of time.
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However, Berners-Lee believes that digital currencies could be useful for remittances if they're immediately converted back into fiat currency.
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Berners-Lee is not satisfied with the way his original vision for the web has panned out.
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He is looking to reshape the future of the internet through his startup Inrupt, with the aim of giving people more control of their data.
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Berners-Lee, along with John Bruce, spoke to CNBC's "Beyond The Valley" in a wide-ranging interview about the future of the internet.
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Berners-Lee's startup Inrupt aims to bring about a decentralized web that puts people in control of their personal data.