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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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[-] SolarPunker@slrpnk.net 12 points 6 months ago* (last edited 6 months ago)

Cryptos can be a useful technology in certain targeted fields but they are not the solution to capitalism, it is much more important to focus on social issues and mutual aid.

[-] AI_toothbrush@lemmy.zip 11 points 6 months ago

Inventor sounds funny but i guess its correct

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[-] lefixxx@lemmy.world 11 points 6 months ago

How are you asking Linus about crypto and not about the blockchain.

[-] roguetrick@lemmy.world 10 points 6 months ago* (last edited 6 months ago)

Is this going to be the most replied to post on the Fediverse? 635 in 2 days and still going strong.

Edit: since it's now at 666 replies, please nobody make any more comments

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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

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[-] jmanes@lemmy.world 9 points 6 months ago

Based

[-] StaySquared@lemmy.world 7 points 6 months ago

What if... crypto currency has been a psyop all along. Ultimately eliminating physical currency and government having full blown control of digital currency.

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this post was submitted on 20 May 2024

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