CTO of tech utilized in Bitcoin-Qt pockets thinks crypto is a “Ponzi scheme”

The CTO of the favored programming framework Qt — which tech giants like Adobe use, Tesla, Blackberry, Google, and Blizzard — referred to as cryptocurrency a “Ponzi scheme” on Could 6.

Nevertheless, the corporate has blockchain know-how talked about a number of occasions on their web site and even claims;

Satoshi Nakamoto—used Qt to create the primary Bitcoin pockets, referred to as the Bitcoin Qt pockets, in 2009.

Lars Knoll, whose Twitter bio describes him as “Qt Chief maintainer and CTO,” has attacked crypto quite a few occasions via his platform.

He lately tweeted:

“Going via the arguments, there’s actually nothing left that justifies crypto property.”

But, his personal firm has the under graphic in an article selling how Qt can be utilized inside blockchain IoT tasks.

In response to criticisms of his tweets, Knoll replied:

Word that the assertion above is my private opinion. Having stated that, We’re not having something in our product associated to blockchain know-how. And I’m not blissful about these posts as I don’t consider they’re good present/buyer instances.

Nevertheless, it isn’t just some weblog posts that reference the facility of blockchain know-how and promote its advantages. At Qt’s digital CES sales space in 2021, the corporate mentioned “Buyer showcases … together with… Blockchain (do you know {that a} nicelyidentified foreign money pockets is constructed with Qt?).”

Though its CTO believes that crypto and “good contracts are merely a foul concept,” it repeatedly makes use of the truth that Satoshi used Qt in an early Bitcoin pockets. On condition that crypto is a “Ponzi scheme,” it will be protected to imagine that the publicly-traded firm’s affiliation with the family identify “Ponzi” would must be revealed as a danger in its annual report. 

Nevertheless, the corporate doesn’t make any references to blockchain or cryptocurrency in its danger disclosures. 

Knoll’s opinions because the CTO of a know-how utilized in hundreds of purposes worldwide are extremely unfavourable towards crypto.

Knoll says he “totally agrees” with the notion that “blockchain know-how… is a technological fraud.”

Can a CTO full their fiduciary responsibility to an organization in the event that they consider the corporate is selling “technological fraud” by itself web site and at conferences?


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