Tim Berners-Lee, founder of the World Wide Web: The future of the Internet is Web3.0

It is reported that Tim Berners-Lee, the founder of the World Wide Web, said in the CNBC podcast Beyond The Valley that cryptocurrency is dangerous and compared it to gambling. Berners-Lee said that digital currency is only speculative. At the same time, Berners-Lee also said that the future of the Internet is Web3.0, not blockchain or Web3 (Web 3.0 is his own proposal to reshape the Internet). （CNBC）

Interpretation of this information:

In a recent podcast interview with CNBC, Tim Berners-Lee, the founder of the World Wide Web, stated his reservations about cryptocurrency. He called it dangerous and compared it to gambling. He further elaborated that digital currencies are purely speculative, and their value is not based on any real-world assets or factors. While he acknowledged the blockchain technology that underlies most cryptocurrencies, he argued that its potential is limited and does not extend beyond cryptocurrency itself.

Instead, Berners-Lee believes that Web3.0 is the future of the internet. This term refers to his vision of reshaping the internet by re-decentralizing internet services that have been monopolized by tech giants like Facebook and Google. The idea of Web3.0 is to create a more user-centric and distributed web, where users can have control over their data and online identities without relying on a central authority.

While Berners-Lee’s views on cryptocurrency may not be widely shared, they do reflect a growing skepticism within the tech industry about the long-term viability of digital currencies. Several factors contribute to this skepticism, including the highly volatile nature of crypto markets, the lack of government regulation and oversight, and the frequent reports of cyberattacks and fraudulent activities associated with cryptocurrencies.

At the same time, Berners-Lee’s endorsement of Web3.0 highlights the exciting potential of decentralized technologies to transform the internet as we know it. By leveraging blockchain and other decentralized technologies, Web3.0 promises to create a more secure, transparent, and democratic online ecosystem, where users can own and control their data, rather than surrendering it to large corporations.

In summary, Tim Berners-Lee’s recent comments on cryptocurrency highlight the growing concerns among some tech leaders about its viability and safety. His endorsement of Web3.0, on the other hand, underscores the transformative potential of decentralized technologies to create a more user-centric and democratic web. The three keywords that emerge from this content are cryptocurrency, Web3.0, and decentralization.