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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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[–] merc@sh.itjust.works 1 points 1 day ago (1 children)

Gold isn't a currency, it's a commodity.

[–] untakenusername@sh.itjust.works 1 points 1 day ago (1 children)

You can use it as a currency. The fact that the metal has a material use case isn't really relevant.

[–] merc@sh.itjust.works 1 points 1 day ago (1 children)

It doesn't meet the requirements to be a currency. It's a commodity.

[–] untakenusername@sh.itjust.works 1 points 1 day ago (1 children)

what requirements

[–] merc@sh.itjust.works 1 points 22 hours ago

"A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins."