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

submitted 6 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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[–] StaySquared@lemmy.world 7 points 6 months ago (2 children)

What if... crypto currency has been a psyop all along. Ultimately eliminating physical currency and government having full blown control of digital currency.

[–] iiGxC@slrpnk.net 6 points 6 months ago

Use monero

[–] JackbyDev@programming.dev 4 points 6 months ago (1 children)

How? By suddenly doubling the size of the mining pool? Nah.

[–] Tachikoma741@lemmy.today 1 points 6 months ago (1 children)

The government closed the gold standard at once didn't they? Who is to say they cannot not do the same and say physical paper money?

[–] JackbyDev@programming.dev 1 points 6 months ago (1 children)

What's that have to do with cryptocurrency?

[–] Tachikoma741@lemmy.today 1 points 6 months ago

Oh I'm trying to suggest that like many technologies. The infancy of it is laced with people who are scamming others. Medicine had a go about with this phase as well; and to my understanding is now widely regarded as a "good move". Even if some dude use to sell cocaine mixed with alcohol and called it medicine because it made you feel better.