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submitted 5 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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[-] NudistWardrobe@lemmynsfw.com 0 points 5 months ago

It does go against the history of currency. And most of that history tells us why it’s a good idea to democratize currency.

It’s also an impractical idea because most governments would not be happy about it.

[-] ulterno@lemmy.kde.social 1 points 5 months ago

most governments would not be happy about it

How come?
Energy production companies would be happy no?
Shouldn't that make at least some govt. happy?

[-] NudistWardrobe@lemmynsfw.com 4 points 5 months ago

It’s because they can’t control it in order to adjust the economy.

this post was submitted on 20 May 2024

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