this post was submitted on 20 May 2024
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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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[–] [email protected] 26 points 11 months ago (107 children)

Right, his talk about how he's not very good at computers is pretty funny. I don't understand the crypto hate on Lemmy. Although I guess I don't understand a lot of why things are hated here. I guess crypto is too close to capitalism maybe? Freedom is frowned upon here.

[–] [email protected] 158 points 11 months ago* (last edited 11 months ago) (70 children)

Crypto is hated because it’s an MLM for terminally online people.

It gains value because people want it and people want it because it gains value is both a perfect description of cryptocurrency and scams.

[–] [email protected] 1 points 11 months ago

How does this working into Foreign Exchange? This also sounds a lot like trading USD to PESO like my aunt does...

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