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

by Cryptospacey

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.

Nonetheless, the corporate has blockchain expertise 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 by way of his platform.

He just lately tweeted:

“Going by way of 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:

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

Nonetheless, it’s not only a few weblog posts that reference the ability of blockchain expertise 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} effectivelyidentified forex pockets is constructed with Qt?).”

Though its CTO believes that crypto and “good contracts are merely a nasty thought,” 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 could be secure to imagine that the publicly-traded firm’s affiliation with the family identify “Ponzi” would should be revealed as a threat in its annual report. 

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

Knoll’s opinions because the CTO of a expertise utilized in 1000’s of purposes worldwide are extremely detrimental towards crypto.

Knoll says he “absolutely agrees” with the notion that “blockchain expertise… is a technological fraud.”

Can a CTO full their fiduciary obligation 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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