Scam, pyramid scheme, environmental disaster: Vivaldi boss shares his thoughts on crypto-coins

Vivaldi will not provide crypto-wallets in its browser because it doesn't want users to participate in digital coin trading - something CEO Jon von Tetzchner desribes as "at best a gamble and at worst a scam".

The move comes a week after rival Mozilla dipped a toe in the crypto-waters, only to have it angrily bitten off. Mozilla initially talked of accepting donations via cryptocurrencies but swiftly backtracked, saying the policy would be paused and reviewed.

Anti-malware veteran Norton also came a little unstuck at the same time thanks to inbuilt crypto-mining tech.

As for Vivaldi, boss von Tetzchner was blunt. "If you look beyond the hype," he said, "you'll find nothing more than a pyramid scheme posing as currency."

"The problem is that to extract actual money from the system you have to find someone willing to buy the tokens you are holding. And this is only likely to happen as long as they believe they will be able to sell them on to someone who'll pay even more for them. And so on, and so on."

"The entire crypto fantasy is designed to lure you into a system that is extremely inefficient, consumes vast amounts of energy, uses large amounts of hardware that could better be spent doing something else and will quite often result in the average person losing any money they might put into it."

Yikes. And also perhaps odd, because one of the things on which Vivaldi prides itself is the freedom it gives users to do pretty much whatever they want with their browser. Popping in the ability to burn up some CPU cycles mining or implementing cryptocurrency integration options is more than technically feasible (and a glance at the Chrome web store shows all manner of extensions available).

Vivaldi's position is, however, unambiguous. "By creating our own cryptocurrency or supporting cryptocurrency-related features in the browser, we would be helping our users to participate in what is at best a gamble and at worst a scam. It would be unethical, plain and simple.

"It's just not worth it." ®

Search
About Us
Website HardCracked provides softwares, patches, cracks and keygens. If you have software or keygens to share, feel free to submit it to us here. Also you may contact us if you have software that needs to be removed from our website. Thanks for use our service!
IT News
May 17
Oracle really does owe HPE $3b after Supreme Court snub

Appeal petition as doomed as the Itanic chips at the heart of decade-long drama

May 17
GPL legal battle: Vizio told by judge it will have to answer breach-of-contract claims

Fine-print crucially deemed contractual agreement as well as copyright license in smartTV source-code case

May 16
May 16
Self-driving cars hit a third of cyclists, all oncoming cars in testing

Still think we're ready for that autonomous future?

May 16
Python is getting faster: Major performance tweaks on horizon

Instagram, Microsoft responsible for lifts coming in version 3.11 and beyond

May 16
US cops kick back against facial recognition bans

In brief Plus: DeepMind launches new generalist AI system, and Apple boffin quits over return-to-work policy

May 16
China's Kylin Linux targets second RISC-V platform

Is state-approved Ubuntu distro how the Middle Kingdom will replace PCs with home-grown kit?