Vivaldi will not provide crypto wallets in its browser because it does not want users to engage in cryptocurrency trading – something CEO Jon von Teichner describes as “at best a gamble and at worst a scam.”
The move comes a week after rival Mozilla dunked its toe in cryptic water, only to pummel it in anger. Mozilla initially talked about accepting donations via cryptocurrency but quickly retracted, saying the policy would be paused and reviewed.
Norton anti-malware veteran also came out a bit unstable at the same time thanks to its built-in crypto mining technology.
As for Vivaldi, President von Tschner was blunt. “If you look beyond the hype, you will find nothing more than a pyramid scheme pretending to be a currency,” he said.
“The problem is that in order to extract actual money from the system, you have to find someone who is willing to buy the tokens you own. This will likely only happen as long as they think they will be able to sell it to someone I will pay more for them.” And so on, and so on. “
“The entire crypto-fiction is designed to lure you into a system that is very inefficient, consumes massive amounts of energy, uses huge amounts of hardware that would be better spent doing something else, and often results in the average person losing any money you might put into it.”
Yikes. And maybe it’s weird too, because one of the things Vivaldi is so proud of is the freedom it gives users to do whatever they want with their browser. Appearing in the ability to burn some CPU cycles mining or implement cryptocurrency integration options is more than technically feasible (and a look at the Chrome Web Store shows all kinds of extensions available).
However, Vivaldi’s position is unambiguous. “By creating our own cryptocurrency or supporting crypto-related features in the browser, we will help our users participate in what is at best gambling and at worst a scam. It would be unethical, plain and simple.
“It’s not worth it.” ®