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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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[–] shortwavesurfer@monero.town -1 points 6 months ago (5 children)

This is what Monero is designed to fix.

[–] Knock_Knock_Lemmy_In@lemmy.world -2 points 6 months ago (4 children)

No, given that privacy can be turned off.

[–] shortwavesurfer@monero.town 3 points 6 months ago (3 children)

No, it can't. It's built into the protocol and enforced. On other currencies such as Zcash, you can turn off privacy if you wish. But on Monero, it's not possible to opt out at all. You either have privacy or you don't use it at all.

[–] dwindling7373@feddit.it 1 points 6 months ago

Or you can record yourself buying stuff holding a newspaper and your ID.

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