this post was submitted on 20 May 2024
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1640
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 10 months ago by [email protected] to c/[email protected]
641 comments fedilink hide all child comments
 
  • 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] 168 points 10 months ago* (last edited 10 months ago) (3 children)

Linus Torvalds, creator of Linux, does not believe in cryptocurrencies, calling them a vehicle for scams and a Ponzi scheme.

To be fair, that's because Crypto is a vehicle for scams, and a Ponzi scheme.

[–] [email protected] 30 points 10 months ago

The line about safety regulations being written in blood? Financial regulations are written in bankruptcies.

[–] [email protected] 7 points 10 months ago

I'm not gonna put my foot down for either side here but, to be completely fair here, so is for example the us dollar.

[–] [email protected] 3 points 10 months ago (1 children)

It's mostly a threat to the state's tax revenue and power.

[–] [email protected] 8 points 10 months ago

No, no it isn't.

It is a threat to the finances of any crypto user:

https://www.web3isgoinggreat.com/