|

C++ creator regrets that it was used in Bitcoin's source code

  • Bjarne Stroustrup believes that bitcoin is as good as dead.
  • The expert regrets that bitcoin is written on C++.

Bjarne Stroustrup is a famous computer scientist from Denmark and a creator of a wildly popular programming language C++. He said he regrets that bitcoin is written with his tool and believes that this cryptocurrency is doomed.

"Let me say it this way. When you build the tool, you don't know how it's gone to be used. You try to improve the tool looking on how it's being used but (...) really you have no control on how the thing is used. So, I'm very happy and proud of some things C++ is being used at and some other things I wish people wouldn't do. Bitcoin mining be my favourite example. It uses as much energy as Switzerland and mostly serves criminals," he said, speaking in the interview with an artificial intelligence  expert Lex Fridman and a host of the Artificial Intelligence Podcast.

Stroustrup believes that the decreasing trading volumes of bitcoin indicate that the first cryptocurrency cannot attract new buyers and will soon cease to exist.

Notably, the scientist thinks that blockchain is a genius invention, though at this stage cryptocurrencies are its only real use case. The Chinese newspaper Xinhua recently expressed the similar view by saying that bitcoin is the best use case for blockchain. 

Bitcoin and other cryptocurrencies are often suspected in tight connections with criminals. Thus, according to the recent report prepared by Europe, bitcoin remains the preferred digital coin of cyber criminals. The volume of bitcoin transactions in darknet may surpass $1 billion threshold in 2019. 

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.