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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 6 points 6 months ago

No, because I’m not a trader. It’s not all about the exchange rate for me, but about the utility of the coin.

Most coins exist because other coins exist. Nano and Monero not necessarily.

[-] ___@lemm.ee 1 points 6 months ago

BitCoin was the progenitor of those projects and rapidly gained value after strong usage (aka utility) and the ensuing scarcity. So you like BTC?

[-] kn98@feddit.nl 1 points 6 months ago

No, because one transaction uses as much energy as a normal household in a year. Or something like that.

[-] ___@lemm.ee 1 points 6 months ago

Right, so fork it and make BTC Lite.

this post was submitted on 20 May 2024

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