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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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[–] Rivalarrival@lemmy.today 2 points 6 months ago

There are plenty of places I can take you where your $20 bill isn't worth the paper it's printed on. There is nothing particularly special about a dollar bill that makes it fundamentally different from any other intangible object.

Again, the only difference is the size of the community that shares the belief. The dollar has a much larger user base than crypto. Crypto has a much larger user base than the Albanian Lek.