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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 8 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] 12 points 8 months ago* (last edited 8 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.

[–] [email protected] 11 points 8 months ago

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

[–] [email protected] 11 points 8 months ago (1 children)

Inventor sounds funny but i guess its correct

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[–] [email protected] 10 points 8 months ago* (last edited 8 months ago) (13 children)

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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[–] [email protected] 10 points 8 months ago* (last edited 8 months ago) (6 children)

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