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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 6 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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Linus Torvalds, creator of Linux, does not believe in cryptocurrencies, calling them a vehicle for scams and a Ponzi scheme.
Torvalds was once rumored to be Bitcoin creator Satoshi Nakamoto, but he clarified it was a joke and denied owning a Bitcoin fortune.
Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.

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[-] kn98@feddit.nl 10 points 6 months ago* (last edited 6 months ago)

I only like two cryptocurrencies.

Nano: free transactions, each wallet runs it’s own blockchain, so it’s got no negative impact on the environment.

Monero: allows for anonymous transfers

[-] Laser@feddit.de 2 points 6 months ago

Omg we're cryptocurrency twins. I hold exactly these two for the same reasons

[-] lemming741@lemmy.world 2 points 6 months ago

Hold? Or use?

[-] Laser@feddit.de 1 points 6 months ago

Mostly holding Nano, used Monero quite often - should probably spend some Nano at one point... But vendors accepting it here are rare

[-] shortwavesurfer@monero.town 1 points 6 months ago

I only use Monero, but still, it's a very good one.

[-] explodicle@sh.itjust.works 1 points 6 months ago

Isn't Nano the one where they distributed the coins by CAPTCHA, but there was a central party that verified all these CAPTCHAs? They could just have given themselves 51% of the coins for free.

[-] kn98@feddit.nl 2 points 6 months ago

Initial distribution was through a captcha-protected crypto ‘faucet’. The faucet is still up. Did the developers keep a large part of the coins themselves? I’ve never heard that.

[-] explodicle@sh.itjust.works 2 points 6 months ago

There's no way to audit that.

[-] Psythik@lemmy.world -1 points 6 months ago

What about ETH? It also doesn't use electricity.

this post was submitted on 20 May 2024

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