this post was submitted on 20 May 2024
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1598
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 5 months ago by [email protected] to c/[email protected]
636 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] 2 points 5 months ago (1 children)

In this case the heat is something data centers spend even more energy and water on to dispose of

[–] [email protected] 0 points 5 months ago

Which is why Monero's proof of work algorithm ends up being better than Bitcoin. Because for a data center with tons of computers, it makes more financial sense to do something else with the machines rather than mine. But for a home user, it makes tons of sense to mine and get the heat to subsidize their electricity bill during the winter.