this post was submitted on 20 May 2024
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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 11 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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[–] Ozymati@lemmy.nz 13 points 11 months ago (2 children)

I think both have their uses. A true state backed cryptocurrency used interchangeably with physical cash could be quite useful. Crypto as it is now not so much.

AI has a bunch of useful applications in medicine, manufacture, research, monitoring... But where we see it is language models, art remixes, and deep fakes.

[–] captainjaneway@lemmy.world 13 points 11 months ago

Nah it's literally a waste of physical resources. Crypto currency is a waste of fossil fuels. AI has its functions at least.

[–] emergencyfood@sh.itjust.works 7 points 11 months ago

A true state backed cryptocurrency used interchangeably with physical cash could be quite useful.

What advantage does this give over a simple digital currency?